Tuesday, August 16, 2011

Louise Yamada sees $5200 gold by 2018

Source: CNBC Power Lunch
Date: 8/16/2011

On CNBC's Power Lunch, Michelle Caruso-Cabrera and Tyler Mathesen interview one of the world's most respected technical analysts Louise Yamada concerning the direction of gold. Ms. Yamada sees a near term target of $2000 and $5200 by 2018 based on parallel channel lines drawn as far back as 1970.