Best fit price is 1,764.62.
One sigma below is 1,682.91.
One sigma above is 1,846.32.
Two sigma below is 1,602.69.
Two sigma above is 1,926.54.
The next chart is based on data since 1971. The R-squared is 0.76.
Best fit price is 1,429.76.
One sigma below is 1,208.74.
One sigma above is 1,650.77.
Two sigma below is 986.36.
Two sigma above is 1,873.16.
Usual and customary disclaimers. Correlation is not causation. This is not investment advice.
This year, hard asset alternative investments are definitely the place to be. We will see the Euro collapse in 2013, and central banks will print like crazy.
ReplyDeletePeter Thompson,
ReplyDeleteI am not sure about the Euro going this year, but I think Greece and Spain will opt out at some point when the pain gets too great. Or maybe Germany will opt out. We'll see.