Gold $2000. When it May Happen Revealed

Gold has been one of the best performing assets of the past ten years. With a 500% rise, there seems to be no stopping the precious metal as currencies continue to inflate and debts continue to rise. However, timing gold can be a bit tricky. Here are some clues to help guide you as to when gold will hit the magical $2000 mark 

September is Key

For those who understand gold's seasonal behavior, Gold has its best price performance during the month of September. And September seems to be the month where a crisis window is mostly likely to open in the equity markets. However, 2011 seems to be a recovery year for the markets so Gold may not hit the $2000 level in September in 2011.

2012 will be key

2012 is shaping up to be the year when may debt, political and default problems collide. The governments around the world have been doing their best to put off the problem. However, sooner or later, someone has to pay. Since September is the month that a crisis is most likely to happen, look for gold to hit the $2000 level in September of 2012. 

Gold beyond 2012

As gold is likely to hits the $2000 level in September of 2012, the question is, "Will gold be able to hold that $2000 level?" History has shown that these landmark price points tend to become a selling point for many people. So look for gold to pull back from the $2000 level. There should be several months of sideways trading just under $2000 as gold builds a base. And then you should see Gold make a $2000 floor early in 2013. 

Summary

Gold's rise will continue and governments continue to print money. Look at seasonal trends to time the market as to when gold will hit $2000. And be aware that once gold touches $2000, sellers may come in. And it may require a few months of consolidation before gold settles firmly above the $2000 level.