$1000 gold price forecast for 2007

[GoldNugget]

Here is David Chapman's gold price and silver price forecasts for 2007.

Source: http://www.gold-eagle.com/editorials_05/chapmand122206.html

Based on the current triangle pattern that appears to be forming, a move to $1,000 is not out of the question - quite possibly in 2007.



Silver cycles are very similar although they do not necessarily overlap with gold. Silver may have already hit its cycle trough back in September 2006. Silver should target up to $20-$22 in 2007 if the triangular patterns prove correct.

[Lucky Eddie]

So - why is the price dropping like a rock?

All the info I read suggests it should be going UP - but it keeps dropping....

Anyone?

Cheers!