Just for fun, Where is bottom for Gold | TigerDroppings.com
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Vols&Shaft83
Michigan Fan
Gargantuan Member
Member since Dec 2012
25174 posts

Just for fun, Where is bottom for Gold

***I don't want this to turn into an investing philosophy thread***

Futures signal below 1350 Today, I predict a bottom below $1000, what say the MT?


ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
7328 posts

re: Just for fun, Where is bottom for Gold
I'd be shocked if we go lower than 1k. I think around 1200-1250 is the bottom. Silver below 20 and I'm going in at least 100 oz.

With the Yen and Euro being such a mess, the dollar is really looking better and better every day.

BICBW


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Doc Fenton
LSU Fan
Member since Feb 2007
51088 posts

re: Just for fun, Where is bottom for Gold
I'd say probably somewhere around $800 / oz., and I think it might take another 4-5 years to get there.


LSURussian
LSU Fan
Member since Feb 2005
85145 posts
Online

re: Just for fun, Where is bottom for Gold
$1,175


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ZereauxSum
LSU Fan
Lot 23E
Member since Nov 2008
10176 posts

re: Just for fun, Where is bottom for Gold
quote:

I'd say probably somewhere around $800 / oz., .


I read somewhere that this is where it should be based on its long term historical average.


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Volvagia
LSU Fan
Baton Rouge
Member since Mar 2006
41669 posts

re: Just for fun, Where is bottom for Gold
Bottom in what time window?


Within the next ten years, I say 1100


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LSU0358
LSU Fan
Member since Jan 2005
5588 posts
Online

re: Just for fun, Where is bottom for Gold
If it follows the 1981 decline, which interestingly enough it is close to doing a dollar basis, I'd guess 1100 to 1200.

In 1981 Gold fell approximately $600 from it's peak in a two year period, then rallied ~$250. We've about completed a fall of $600 in 22 months. A nice rally to the $1500 level could occur. After that a fall to ~$1200 would be my guess.


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goodgrin
LSU Fan
Atlanta, GA
Member since Nov 2003
1249 posts

re: Just for fun, Where is bottom for Gold
$1,200's.

Once the central bankers have driven down the paper price of the metals in spite of the intense world-wide demand of the metal, then they'll be net long. After that....

it'll be on like donkey kong.


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kiwitiger
LSU Fan
New Zealand
Member since Jul 2011
10 posts

re: Just for fun, Where is bottom for Gold
Paper - No bid
Physical - I think it could still go down to 950 or so until there is no more availability/sellers at that price. That would be when the paper market is over.


Vols&Shaft83
Michigan Fan
Gargantuan Member
Member since Dec 2012
25174 posts

re: Just for fun, Where is bottom for Gold
quote:

kiwitiger


Why did you use your alter to post this?


kiwitiger
LSU Fan
New Zealand
Member since Jul 2011
10 posts

re: Just for fun, Where is bottom for Gold
Vols

We went through this before. I'm not wikitiger but now I know why you think that. Just picked my name because I live in NZ.


Vols&Shaft83
Michigan Fan
Gargantuan Member
Member since Dec 2012
25174 posts

re: Just for fun, Where is bottom for Gold
I'm still skeptical


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