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Aug 19, 2011

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Gold Price Will Reach $2000, Before It Crashes Like The Silver

The dynamic increase of the gold price in the last days is comparable with the behavior of the silver.
Gold Price Will Reach $2000, Before It Crashes Like The Silver
Both precious metals, affected during the crisis in 2008, had an uptrend from begging of 2010. Between February and April 2011, 3 months, Silver price soared, rising $20,00 (142%) to $48,48 per ounce from which the 50% of the increase was made during April.Gold towering prices start showing sings of a curve in his momentum just as silver did before it went all the way down until $32 in one week. The rising concerns of the European debt might push this momentum,as it did during 2008 and begging of 2010, however, given the dynamic of the price, it might reach the $2000.

G1-  Gold Historical Prices  2006-2011
G2- Silver Historical Prices 2011

G3- Silver Historical Prices 2006-2011
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