A trio of Deutsche Bank analyst has come up with definitions for an “extremely” high gold price based on several benchmarks.

As Michael Lewis, Michael Hsueh and Christina McGlone see it, here are gold’s extreme highs against several measurements, Barron’s reports:

Indicator	Gold Price
Producer price index	$1,455
Share of global GDP	$1,500
Consumer price index	$1,880
Base metals	$2,100
Per capita income	$2,390
Crude oil	$2,890
Standard & Poor’s 500 Index	$2,960
Average	$2,168

December gold futures increased $2.70 an ounce Monday on the COMEX, closing at $1,767.30. The precious metal reached a six-month high last week.

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Analysts at Goldcore Bullion and Wealth Management take issue with Deutsche Bank’s extremes.

Goldcore and others turned very bullish on gold when it achieved the “golden cross” last week. That’s when shorter-term moving averages, such as the 50-day moving average, “cross” – surpass — the 200-day moving average.

“The last time there was a golden cross for gold was in February 2009, and gold rose 103 percent in the next two years,” Goldcore analysts write.

“Similar gains are quite possible today, given the strong fundamentals. Were gold to replicate those gains, it could rise to over $3,500.”

But not everyone is convinced.

"The golden cross is a technical term, and it's much overcompensated with enthusiasm," Don Hays, founder of Hays Advisory tells, Yahoo. "The golden cross works sometimes, and it doesn't work other times. We don’t really pay that much attention to it."

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