I agree absolutely that gold will go way higher than 1300. I referenced that as a short term prediction from taken from a long term chart.

Mike Maloney (goldsilver.com) states and I agree that gold will eventually be priced in $USD such that it will cover base money, which is currency and outstanding revolving credit. To do that in today's situation it would require a gold price in USD of $15,000/oz.

http://goldsilver.com/player/id/67/cID/2/?ss=f82d775cc64781cadcd7cf7778011239

If we look at a five wave Elliott Wave sequence we are still early in wave 3 with the two best legs yet to show what they will do.

P.