Contributed By Doug West, Ph.D.
www.investmentmetalsandcoins.com
No one can predict the price of gold in the future. Many have tried and very few have come close to being correct. However, this fact doesn't stop us from trying to looking into the future. The author is no exception. In this article I analyze 28 years worth historical gold prices to get an estimate of the price range of gold for the second half of 2010.
The historical gold prices are from the www.kitco.com data achieves. The prices are for the London Spot closing. The years studied are from 1982 to 2009. Each year the following information was gathered: June average price, high and low price for the second of the year and the months the high and low occurred, respectively. Using this data I calculated the average and standard deviation of the percent change from the June average to the high and low for each year.



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