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Just for fun, Where is bottom for Gold
Posted on 5/20/13 at 6:36 am
Posted on 5/20/13 at 6:36 am
***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?
Futures signal below 1350 Today, I predict a bottom below $1000, what say the MT?
Posted on 5/20/13 at 7:09 am to Vols&Shaft83
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
With the Yen and Euro being such a mess, the dollar is really looking better and better every day.
BICBW
Posted on 5/20/13 at 7:16 am to Vols&Shaft83
I'd say probably somewhere around $800 / oz., and I think it might take another 4-5 years to get there.
Posted on 5/20/13 at 7:41 am to Doc Fenton
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.
Posted on 5/20/13 at 7:57 am to Vols&Shaft83
Bottom in what time window?
Within the next ten years, I say 1100
Within the next ten years, I say 1100
Posted on 5/20/13 at 8:06 am to Vols&Shaft83
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.
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.
Posted on 5/20/13 at 2:10 pm to Vols&Shaft83
$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.
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.
Posted on 5/20/13 at 4:20 pm to Vols&Shaft83
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.
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.
Posted on 5/20/13 at 4:23 pm to kiwitiger
quote:
kiwitiger
Why did you use your alter to post this?
Posted on 5/20/13 at 4:30 pm to Vols&Shaft83
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.
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.
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