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Gold and silver. Where is it going?

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Al
User ID: 779532
11/4/2009 5:02 PM
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Gold and silver. Where is it going?	Quote
I suspect that the powers that be are going to let a bit of panic set in and the price explodes up. Then when the second real estate collapse occurs some people will go to treasuries stregthening the dollar. I think I will sell my gold coin at the end of the year at $1150. And buy it back at $900 in April 2010. Who is with me?

Anonymous Coward
User ID: 554016
11/4/2009 5:04 PM

Re: Gold and silver. Where is it going?	Quote
so you will sell your 1oz gold coin for 1150 then in 2010 buy a 1/20oz for 900?

Anonymous Coward
User ID: 810323
11/4/2009 5:04 PM

Re: Gold and silver. Where is it going?	Quote
You could be right, but it looks like the Cabal may have lost control in the physical market, so their paper-hanging operations won't have anything like the effect they used to have.

Anonymous Coward
User ID: 802038
11/4/2009 5:08 PM

Re: Gold and silver. Where is it going?

Heres the latest from Ted Butler

[link to www.investmentrarities.com]

In a speech yesterday, CFTC Commissioner Bart Chilton outlined his thinking on the all-important showdown coming on the issue of position limits and hedge exemptions to those limits. In a related interview he reaffirmed the timeline of the showdown, said by him to be by late November. He expressed a fear that the Commission might set position limits too low and this might cause big traders to migrate away from regulated exchanges. This is a recurring, if ill-founded fear. In the interview (by Dow Jones), the CME Group added that it was “dismayed” that statements from the CFTC are, “already driving liquidity away.” (If there is one thing I think I know, it is that whenever a commodity exchange is dismayed, it is when the public’s interest is about to be served.) Here’s the actual speech

According to this Gold and Silver could have some massive moves in the next month. Up, Down, I dont know we will see.

Al
User ID: 751335
11/4/2009 5:12 PM

Re: Gold and silver. Where is it going?	Quote
With all of the overseas physical buying going on how many more paper shorts can jp Morgan toss around to bring the price down? Does anyone have statistics on the percentage of transactions in paper vs physical? And how that is changing from 2007-2009. That will hold the key if it is even possible for the price to dramatically come down again like it did in 2008.

Anonymous Coward
User ID: 753903
11/4/2009 5:12 PM

Re: Gold and silver. Where is it going?

I don't think they will ever come back down. I think it will get to be 1400 at the end of this year. When it reaches 1800 some time next year, then we are probably out of physical gold by then. The price will jump to god knows how much.

However, buying gold is a fantasy. You cannot possibly trade anything with gold. You need to turn that into fiat currency anyway. When credit default happens, you watch, they will default the gold price as well to accomodate the difference. They always do and DID.

We are just screwed. There are nothing much we can do to evade this madness. But you've been warned; and if you prepare whatever you can now to embrace the impact, then you might dodge the bullet a bit more than everybody else.

Anonymous Coward
User ID: 708147
11/4/2009 5:18 PM

Re: Gold and silver. Where is it going?	Quote
2009-2010 Gold - $1000-2500 Silver - $20-50 2010-2011 Gold - $2500-4000 Silver - $30-100 2011-2012 Gold - $4000-5000 Silver - $100-500 2012 Gold - $5000-9000 Silver - $10k-20k

Anonymous Coward
User ID: 809953
11/4/2009 5:28 PM

Re: Gold and silver. Where is it going?	Quote
No explosive moves. May seem explosive but just higher a little at a time. [link to www.youtube.com] The real question is which will perform better, gold or silver?

Anonymous Coward
User ID: 810323
11/4/2009 5:34 PM

Re: Gold and silver. Where is it going?	Quote
No explosive moves. May seem explosive but just higher a little at a time. [link to www.youtube.com] The real question is which will perform better, gold or silver? Quoting: Anonymous Coward 809953 It may well be silver. Just on a basis of relative scarcity.

Anonymous Coward
User ID: 763552
11/4/2009 5:38 PM

Re: Gold and silver. Where is it going?	Quote
early 2010 gold 800 silver 9-10 late 2010 gold 1500 silver 25-30 early 2011 gold 4700 silver 80-100 late 2011 gold 14500 silver 300-500 2012 gold 273000000 silver 5460000 2015 (new currency) gold 2000 silver 2500

Anonymous Coward
User ID: 763552
11/4/2009 5:40 PM

Re: Gold and silver. Where is it going?	Quote
oh, and palladium will rise to at least a 1:2 relationship with platinum and stay there over the long haul, due to radical changes in the supply makeup.

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