Preserving the Purchasing Power of Accumulated Wealth

At this point, gold seems to be a far more lucrative investment than simply preserving purchasing power. (1)Simple economics of monetary policy along with (2) technical analysis and my favorite indicator of all, (3) the "Magazine Cover indicator" all indicate a continuation in the 11 year bull market.

#1 To maintain (in the short term) and eventually make ground (long term) towards reducing the US fiscal deficit, inflation is absolutely necessary. During this time of "inflate to survive" U.S. monetary policy, the USD will certainly face downward pressure in the FOREX market. In order to prevent deflation and/or an entire budget collapse, the U.S. Federal Bank will essentially ensure future long position profitability for gold.

#2 Like silver, gold seems primed and ready to break through the resistance levels of a near term third peak in a triple top. (Graph Below)

#3 The recent magazine cover story titled "The Power of Gold" at first glance clearly seems to be a bearish signal according to Paul McRae Montgomery (Legg Mason).

According to Mr. Montgomery, "The great value of popular magazine covers is they indicate the extent to which awareness of fundamental factors is widely shared, and therefore are unable to move prices significantly further".

However, the bearish tone of the article, according to Montgomery's theory is a bullish indicator for gold when applying his theory inversely.

What is the 52 week price point for gold?

Was Cramer correct with his prediction of $2000?