Descending Price Peaks in Latest Gold Charts

From goldpriceforecast.com

The latest gold charts are pictured below and show a series of descending price peaks dating back to 1980. There are four charts. The first two charts are for the period following the August 2011 peak. The third and fourth charts are for the period after the gold price peaked in 1980. Prices on all charts are monthly average closing prices. For example, the average closing price for gold in the month of January 1980 was $677 oz. This price ($677) is shown in Chart #3 below. During that same month, the intraday high for gold was $843 oz. The spike in price above $800 was very short-lived and not a reliable indicator ... (full story)