2011 GOLD high $1,500.00, SILVER high $24.00

my new prediction for 2011 gold high at $1,500.00 and silver high at $24.00. remember this is only the high's. many have predicted 2010 high at $1,500.00 and 2011 high at $2,000.00 for gold. which is very much higher than mine. let's focus on the average gold and silver prices for next year. my prediction is that gold will average around $1,375.00/oz. and silver at $21.75/oz. to $22.00/oz for 2011. tell us what you can predict or guess. after all prediction can be mistake. wall street analysts are not perfect too.

p.s. thanks krispy dear for reminding me. it's been a year.

 

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gold performance since 2001:

2001-----$276.50
2002-----$347.20 + 10.6%
2003-----$416.25 + 19.9%
2004-----$435.60 + 04.6%
2005-----$513.00 + 17.8%
2006-----$632.00 + 23.2%
2007-----$833.75 + 31.9%
2008-----$869.75 + 04.3%
2009---$1,087.50 + 25.0%
2010---$1,246.60 + 14.6% (as of Sept 3, 2010)

 

silver performance since 2001:

2001----$4.520
2002----$4.665 + 03.2%
2003----$5.965 + 27.9%
2004----$6.815 + 14.2%
2005----$8.830 + 29.6%
2006---$12.900 + 46.1%
2007---$14.760 + 14.4%
2008---$10.790 - 26.9%
2009---$16.990 + 57.5%
2010---$19.850 + 16.8% (as of sept 3,2010)

 

the average gold and silver prices that i predicted for next year is but only 10 per cent more than today closing. i think it will achieve it. maybe over my prediction.

 

I think gold will top $1500 and silver will top $25 in 2011. Just a hunch. TC

 

some other predictions and comments from kitco site regarding gold.

http://www.kitco.com/reports/KitcoNews20100903DeC.html

http://www.kitco.com/reports/KitcoNews20100903DC.html

http://www.kitco.com/reports/KitcoNews20100903AS_CEO.html

 

silver may re-visit 2008 high of $21.35/oz. as predicted by technical analyst at Barclays in new york. read this.....

http://www.bloomberg.com/news/2010-...fter-pennant-breakout-technical-analysis.html

 

aslong as silver keeps rising even $1 a year im happy =)

 

don't worry. to pass $20.00 is a sure thing. check this one.....

http://www.kitco.com/reports/KitcoNewsMarketNuggets20100903AS_silvertogain.htm

 

2011 Gold high 1325, 2011 silver high, 21.75.

I think that Gold has seen most of its rise, and will pause with occasional rises due to news jitters, I think that the floor has been established around 1150.

I think that silvers new floor will be 19.50 after a bit of falling below and then rising above 20 the psychological barrier of 20 will be breached, but I do not see the economy improving to a point where silver will soar.

 

but I do not see the economy improving to a point where silver will soar.[/QUOTE]

America`s economy will be stagnant. It will be China, India, and to a lesser extent Brazil and various African countries (depending on labor riots in China that might frighten potential companies into moving away from China) that will incorporate manufacturing more and more in their economies. (mainly from electronics) THEY will drive the metals market up on their own. This and the fact that Americans are gravitating towards the precious metals market instead of the ever so fragile and volatile Wall street.

 

thanks guys for the comments and predictions. remember gold based on inflated calculation. gold should actually worth $2,300.00 or more. in order for gold to bubble. it should rise to at least $3,500.00 to $4,500.00 before we can say gold can be bubble at those prices. and back to $2,300.00 where it belong. or else. no way jose can the gold be bubble. gold is very much under value.

 

Check out p.22 in 9/13/10 issue of Coin World:

http://www.coinworld.com/

Jeffrey Nichols predicts gold at $2000 and silver over $50 within the next few years. TC

 

Very interesting. I could see silver being around $21-22....but that's pretty high for gold.....of course it would be great if it could hit that target.....I won't believe it until I see gold begin to average $1300 which it has not yet....

 

i would said that gold should go beyond $1,500.00 an ounce. $2,000.00 is more likely to hit by next year. silver $35.00.

 

Although I am not against your predictions one bit, I would love those prices. One would think that being $13+ trillion in debt would have caused gold to have at least hit $1300 by now along with silver at least $20....but they haven't reach those prices....

 

I'll go along with that prediction, well at least the gold part of it! Silver is another story!! Silver may not budge unless someone with extremely deep pockets buys an enormous amount! I know someone will come along and try to knock down your prediction but in the end it will easily come to fruition!! I've said it before that the more ppl talk and buy gold the more other ppl who have never ever bought will jump on the bandwagon, that is simple human nature!! Whether it will affect the bottom line, we'll see!!

 

elaine,

I assume you are using the closing price for the year and not the avg price for the year.
I believe using the avg. price is the better route.

e.g.
2009 --- closing price = $1087.50
2009 --- avg price = $972.35

 

you can use anyway you like to calculate. there were many ways. like august 4, 2009 to sept 3, 2010. no matter which ways you choose it. gold and silver will continue to go up and up.

 

I agree that PMs will continue to rise. As far as a prediction, I will not venture.
I will say is par is the course. If central banks & governments continue their actions (in particular if the US continues to add debt to the balance sheet) the FRN will continue to lose it's value. Therefore the price of PMs will continue increase.