Gold $800.00, Silver $16.00 next target?

I move the money I had in the Market to Short T-bills safe and guard against inflation. I did it a couple days before the slide.
I guess you can always buy gold or silver mines stock

 

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I don't think the mint's stoppage has anything to do with supply, only price, however, I placed an order for 100 oz of silver from NWT Mint in August, just about at the lowest spoot price of 2007. Typically, silver orders from them will take about 4-6 weeks tops. My newest estimated ship date is tomorrow. I'm expecting it to get pushed back again. When I called to speak with my sales rep, she told me they have an enormous supply backlog and their orders have been increasing significantly still (this was about 2 weeks ago!)

That means even as silver was charging toward $15/oz, they're busier filling orders than they've been in a long time. These aren't just Average Joes wanting a little $20-50 piece of the action; Their bullion department only fills orders for, I believe, 60 oz or more at a time.

What I really like about PM's (besides the shiny goodness, of course), is that when their value is decreasing, it means those "less dollars" you can get for them are dollars you can purchase more with anyhow. Its not often you will lose inflation-adjusted dollars with PM's.

 

platinum offered again

u.s. mint offered am eagle platinum proof and unc again with prices adjusted. next move is to adjust gold proof. but then one ounce and 4 pc set were sold out. only 1/2 1/4 & 1/10 oz left.

 

elaine 1970- I saw the 4 piece set was "no longer available" on the Mint's Web site as of yesterday afternoon, but how did you find out it was because the product was sold out and not simply because of rising gold prices?

 

sold out

the maximum mintage of 53,000 for one ounce gold proof were sold. and the maximum mintage of 35,000 of four pieces gold eagle were also sold. if it was only hold for price adjustment. then all four type of am eagle gold should be hold and inform us that the products were unavailable.

p.s. in order for gold eagle proof to hold for any price increases. the gold have to pass $850.00 to $870.00 range before the mint can block the selling of gold eagle proof. so it is very possible. because the gold will keep moving up until it pass the $1,000.00 mark or more by next year.

 

anyone else concerned about how fast Gold and Silver is going up?
Silver is almost (20 cents away) from hitting 15$... in a very short period of time.
I think we're gonna see a quick drop, and then a slow climb upward just like before when it was in the low 13's, surged up to 14.10, then dropped to 12.50 at its low, and then went up again...

 

Magman:
It depends upon what happens with oil.
They move together.

 

Everyone still aboard?

Gold down $31.40 to $801.50
Silver down $0.86 to $14.62
Platinum down $42.00 to $1385.00.

Hope you were wearing your seatbelts.

 

Where is Elaine !

 

Gold: $794 in the after

 

Friday's big moves and the subsequent drop to right where it was really makes me wonder if we're just looking at market conditions, or if there are some big movers making moves. But then, if that's the case, they are holding fairly tightly together. Silver's price had been held down for most of the past year compared to gold & platinum until the recent run-up. Now they're all along similar YTD trends.

I'm continuing silver purchases until we're at $22/oz, so I'm not going anwhere ; )

 

Profits

Traders of commodities have to periodically have to take profits to pay the bills. How long they hold a contract , or contracts are for a fixed period of time. It is healthy for any market to correct periodically before all are just speculating. Most gold is moved on paper and you and I are almost a non event in what we purchase. If gold is being driven by oil, the stock markets, and what is considered cheap money we would have to have a major change in a couple of those areas for gold to crash. Gold is a cottage industry almost, compared to Oil, Stocks and currency markets. It is a very strong indicator of consumer confidence.

 

gold will continue uptrend

as expected, gold and silver were corrected. soon it will continue to go up. i sold my gold stocks last few days and will buy back again.

 

Some of the fools think the stock market is ready to come back IMO it's going to go down even lower before coming back:mouth:

 

If Gold goes down more I bet the Mint will not lower the prices:mouth:

 

lowering the prices

businessmen rarely did that. if so, they will use other way to recover it. just simple.

 

gold is currently $798.80, down again.

silver is $14.66, also down.

 

price of gold & silver

gold $811.30
silver $15.00

retail value: coast to coast
gold $894.00 plus shipping
silver $17.20 plus shipping

 

gold continue going up

gold high for today is $816.20
silver $15.10

 

Maybe you should change the title of this thread to GOLD 900.00