Gold in Euros 5-year chart
RedTiger
Posts: 5,608 ✭
Gold is up about 50% in Euros for the two-year time frame.
Another interesting chart is gold in Swiss Francs. It is almost the same chart, even though the Swiss have more gold per capita than most nations, and tend to run their government finances quite conservatively.
Charts are from:
http://www.usagold.com/gold-price-forex.html
link
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The gold in Euros chart is a text book example of the parabola that some have been looking for. I believe "our" turn will come (meaning gold vs. US dollar).
One talking head mentioned a 15 year long up cycle as a possibility, where we are 10 years in. The later parts of that up cycle are usually steeper than the early part, so a parabola is something to watch for. If it happens, gold will go way beyond what fundamental analysts think is fair value as emotion carries the crowd in.