Just for fun, Where is bottom for Gold | TigerDroppings.com

Posted byMessage
Vols&Shaft83
Tennessee Fan
Member since Dec 2012
12800 posts
 Online 

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?







Back to top
Share:
ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
6228 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






Back to top
  Replies (0)
Doc Fenton
Member since Feb 2007
50786 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.





Back to top
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80644 posts

re: Just for fun, Where is bottom for Gold


$1,175





Back to top
  Replies (0)
ZereauxSum
LSU Fan
Lot 23E
Member since Nov 2008
8169 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.






Back to top
  Replies (0)
Volvagia
LSU Fan
Baton Rouge
Member since Mar 2006
40534 posts

re: Just for fun, Where is bottom for Gold


Bottom in what time window?


Within the next ten years, I say 1100






Back to top
  Replies (0)
LSU0358
LSU Fan
Member since Jan 2005
5131 posts

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.






Back to top
  Replies (0)
goodgrin
LSU Fan
Atlanta, GA
Member since Nov 2003
1192 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.






Back to top
  Replies (0)
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.






Back to top
Vols&Shaft83
Tennessee Fan
Member since Dec 2012
12800 posts
 Online 

re: Just for fun, Where is bottom for Gold


quote:

kiwitiger


Why did you use your alter to post this?






Back to top
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.






Back to top
Vols&Shaft83
Tennessee Fan
Member since Dec 2012
12800 posts
 Online 

re: Just for fun, Where is bottom for Gold


I'm still skeptical





Back to top
  Replies (0)


Back to top