Economic Predictions For 2011 - The Best Way To Prepare And Profit
Economic Predictions For 2011 - The Best Way To Prepare And Profit
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There are no sources from which we can predict what the gold price trend 2011 will be. By looking at the historical data an investor can get an idea regarding the price. To know the price estimate of gold in 2011, an investor has to look for the highest gold rate that was recorded in the past. The peak price of gold can reach $5000 per ounce as per the analysts as the current economic output is many times greater than 30 years ago. As today's market is based on trader's emotions and mass psychology many would not believe that the gold price may increase to $5000. Because of this normally the predictions made by different analysts will be different.
Market Stages in our Recent HistoryOne of the most important factors to consider with any market is that they move through various stages. Whether an investor is considering stocks, housing, or widgets, there will be periods of growth, decline and flat markets. The ebbs and flows of the market create valleys and troughs that represent the best and worst of any market. Obviously it is always best to Shiba Inu Price History try to buy Ethereum price prediction 2026 low and sell high".
Most major trends develop Bitcoin price prediction 2025 from new market lows or highs and accelerate away from the breakout point. So if you learn to sell these lows and buy these highs when there broken, you can be in on all the big trends - most traders cannot do this though.
As you can see by the above chart it would have taken 16,000 ounces of silver to buy the median priced family house in 1970. The chart shows a sharp drop off from that point, meaning that houses are getting cheaper and cheaper in terms of silver. In fact at the peak in silver prices you could have bought the median Dogecoin price history and future trends house for perhaps 3000 ounces of silver.
There are some countries, members of the EU, which are in serious financial difficulty. These include Greece and Spain who are in crisis mode, but also some of the bigger economies. Even Germany is having problems. All these financial difficulties are a burden on the Euro and a cause for much uncertainty. Where there's uncertainty, there will likely be less value.
If you look at the silver gold ratio over recorded history you find it to be between 16:1 and10:1. At 16:1 and a $1500 current gold price would indicate silver is under valued and should be trading closer to $92 per ounce. Why aren't we at that level? Either gold is overpriced or silver is under-priced or the world has changed. I believe it is the later.
Candlestick patterns on a gold chart provides more superior information. It is favored by a technical analyst because it presents information that is easy to read and interpret. Through candlestick patterns, information on trends and reversals can be obtained. The display is depicted by candlestick figures. Each candle represents a day and has wicks at each end of its body. The wicks are known as shadows. The top and bottom ends of the candle body are the open and close prices. The shadows or lines are the highs and lows of the stock during the day. Candles can appear white or black. A white candle means that the stock closed higher than it opened, while a black candle means the stock closed lower than it opened. The body of the candle may also vary in length, depicting light or heavy trading.