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Log-Periodic Oscillation Analysis Forecasts the Burst of the “Gold Bubble” in April – June 2011

  • Author(s): Akaev, Askar
  • Fomin, Alexey
  • Tsirel, Sergey V.
  • Korotayev, Andrey V
  • et al.
Abstract

The analysis of the gold price series for 2003–2010 employing both the methodology developed by Didier Sornette and the one of the authors allows forecasting the collapse in gold prices in April – June 2011. The article discusses both the scenarios that could allow avoiding this collapse, and the possibilities of the “gold bubble burst” leading to the second wave of the global economic crisis.

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