Gold Price Trend Forecast -2009
Kanti Mohan Pandit, Director, Center Business
Intelligence & forecasting
Wishing all my readers and gold investors
very happy and prosperous new year 2009
The year 2008 is over with gold price ‘Humbling Down’ as my
forecast was made for the year published in June 2008.
The gold after peaking in March at $1032 touched $713 in October. It again ran up to $889 in December and settled at $869 on 30th December.
The other periodical forecasts on gold prices published by me
also came true to the satisfaction of the readers.
www.microsolar.wordpress.com
Kitco Gold Forum (www.kitocomm.com)
My forecast was based on an innovative model
‘Functional Solar Energy’ I have developed after a prolonged research work done on the subject of solar energy that is not the physical one in terms of light and heat but electrical. Solar Functional energy is a function of Solar Protons (A) Electrons (T) emanating from two external sources that transform the solar energy into electrical energy absorbed by earth to produce resources and products with the help of human tools. This Solar Functional Energy is subject to retardation by Dark energy (R) that causes growth and decline cycles in the world economy. The strength of this trio keeps on varying in course of time and causing unlimited changes in the economies worldwide.
I now venture out with the forecast on gold price for the whole year
of 2009 based on the same model. I hope that would satisfy the
readers and they might take advantage of these forecasts in their
investments in gold markets.
The basic T-A-R capsule present in the year 2009 is
T5 A91 R91 till 21st April 2004. T-A-R changes to
T5 A92 R91 from 22nd April 2009. T-A-R changes again to
T5 A92 R91 from August 2009. T-A-R again changes to
T6 A91 R91 from September 2009.
With so many changes in T-A-R profile gold price trend
is bound to change several times. The basic trends for 2009
gold are basically downward but not wilder. Investors would
be able to take advantage of the periodical up trends in between
as shown in the following chart. The gold price is likely to range
in between $866 -$609- $690 per troy ounce. The bottom is likely
to arrive in the month of May 2009. The following chart has hinted
these trends.
2009 T A R
T5 A91 R91
T6.8 A92.5-7 R91
.12.14 Zone C9 C9 Uptrend 9-14 Jan.
.to 01.13 Cc +3 %
.01.14 C91 R+A+C Downward price
.to 02.13 -17%
.02.14 C92 T+6C Overall downward trend except last part
.03.13 +6.5%
.03.14 C93 Up trend first week and last week
To .04.13 -8%
.04.14 C1 Downtrend except last week
.05.13 -6%
.05.14 C2 T-3C Uptrend first week
.06 14 R-4C +7%
.06.15 C3 Downtrend except last of June
.07.16 +3.5%
.07.17 C4 R+6C Downtrend
.08.16 Confused period
.08.17 C5 T+C Small downtrend
.09.16 -4%
.09.17 C6 R-4C/A-4C Downtrend except the first part
.10.16 -9%
.10.17 C7 T+2C Uptrend
.11.15 +8%
.11.15 C8 Mixed trend
.12.13 +5%
.12.14 C9 Uptrend
.12.31 +5%
This is a general view of the trends of gold price in the global
market. I would publish my close comments and micro T-A-R
analysis in course of the market movements.
Till then, best of luck and wishes for a profitable year of 2009
Disclaimer: These forecasts are indications only and I don’t
take responsibility for losses if any incurred based on these
indications.
