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Precious Metals
Posted on 11/4/10 at 3:30 pm
Posted on 11/4/10 at 3:30 pm
We could see $1500+ gold and $30+ silver by the end of the year.
Posted on 11/4/10 at 4:11 pm to saint308
Highest close for the Dow since Lehman collapsed.
Apparently Big Ben carries some respect, because I think this is exactly what he was aiming to accomplish.
Apparently Big Ben carries some respect, because I think this is exactly what he was aiming to accomplish.
Posted on 11/7/10 at 12:57 am to LSU0358
Will you ban yourself if it doesn't happen?
Posted on 11/7/10 at 6:04 pm to foshizzle
quote:
Will you ban yourself if it doesn't happen?
Hell no...just throwing a thought out. Having said that, after calming down a bit after the big gap up last week and some studying, I'm thinking 1420 to 1450 on gold and ~28 on silver could be a better guess.
Posted on 11/7/10 at 6:18 pm to LSU0358
That's ok, half the people who swore they'd self-ban if LSU beat Bama are still around.
Posted on 11/9/10 at 6:01 am to foshizzle
quote:
Will you ban yourself if it doesn't happen?
Will you ban yourself if it does?
Right now:
Gold: $1419.50/oz
Silver: $28.47/oz
Posted on 11/9/10 at 10:35 am to LSU0358
Kicking myself in the arse for not buying silver at $10/oz about a year and a half ago.
Posted on 11/9/10 at 10:52 am to bayoudude
quote:
Kicking myself in the arse for not buying silver at $10/oz about a year and a half ago.
I bought some at like $16 or so. Its done well.
I suspect gold is in a bubble right now as it approaches 1450. Silver is definitely in a bubble.
I think we are going to see a swing to the downside across many asset classes soon....by soon, I mean the next 100 years. No seriously, we are going to have a mini crisis in the financial sector at some point. And there is a lot of levered investment in gold that will cause a tumble. In 2008, we saw a decent sized tumble in gold.
Posted on 11/9/10 at 2:33 pm to Monkey
All those late to the party in Silver got hammered today. I see one more higher high and then a significant pull back.
Posted on 11/9/10 at 3:59 pm to Monkey
quote:Think about what caused this.
In 2008, we saw a decent sized tumble in gold.
Posted on 11/9/10 at 4:40 pm to Monkey
quote:
.by soon, I mean the next 100 years.
At least you stuck your neck out!
Posted on 11/9/10 at 5:37 pm to WNCTiger
quote:
Will you ban yourself if it does?
Nope, but I will say I wish I'd shorted it at yesterday's close.
Posted on 11/9/10 at 6:37 pm to nevernorthofgov
quote:
Think about what caused this.
margin calls. There is a lot of speculation in metals right now. I do believe that precious metals will do better than other asset classes over the next 2-5 years. But I don't trust the market, at all.
Posted on 11/9/10 at 9:22 pm to Monkey
quote:
But I don't trust the market
Can you be more specific about what you mean?
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