I plan on buying several pre-33 gold coins in the next few weeks. Look for gold to move lower after that. In the past I have seen moves of 20-30% down after I make a big buy.
My opinion as to the Gold Price is insignificant; I'll guess Au may be flat to down -5% if the global politically economy isn't challenged by some major crisis. EU instability might push the annual avg ann. gold price +10% or so. Silver should be twice as volatile as Gold. The big story overall remains commodity price deflation. I suppose Dollar-cost averaging Gold under USD$ 1200 and/or incrementally adding to your stash during any -10% retracements will prove the most successful way to accumulate bullion going forward. Institutional bears offer these opinions for 2015: • Citibank takes its typically conservative approach calling for $1220 gold and $16.50 silver in 2015. It says the "downside moves will be limited" with investor attitudes "turning the corner." The bank does not elaborate on what corner gold will turn except to say that a "bottom might be near." • "I would say right where we are now." ($1200 range) - Andy Montano, Scotiabank • "Gold prices we see as stabilized at current levels. We now expect a $1,100-$1,300/oz trading range, we reduce our gold price forecast for 2015 to $1,225/oz and our long term price from $1,250/oz from $1,300/oz." - Credit Suisse's Global Metals & Mining Team • Commerzbank analysts put gold at an average price of $1200 per ounce in 2015. • Goldman Sachs is sticking with its forecast of $1050 by December, 2015 • France's SocGen says gold will trade in the $1025 range. • Bank of America Merrill Lynch predicts gold will drop to $1100 per ounce, but warns that deflationary concerns in Europe could trigger another global debt crisis.
A lot has already been said, In many and other varied threads, Of doom and gloom and, pending dread, Gives me nightmares in my bed, I think therefore I need some meds, Send wallstreet's Happy Troupe, instead.
Wall Street's "Happy Troupe"? Not sure what the c.2014 troupe looks like, this 1920s version is G-Rated
Did you want someone to talk you into buying precious metals or talk you out of it? I can give you whichever opinion you want.
I just want to see what the overall feel of the field is between personal opinion! Not doing anything right now. cept studying and research!
I don't follow gold. I think silver may be range bound for awhile between $15-18. Unless, you know, WWlll starts or something.
