Gold $1,020.00, Silver $21.00 can it be?.

my latest near term prediction for gold is $1,020.00 and silver $21.00. opinion - still very bullish. suggestion - strong buy.

prediction within this year: for gold ranging between $1,200.00 to $1,400.00. silver, you figure it out. maybe more or less $30.00.

your prediction please. thanks.

 

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$30 seems about right before it starts to fall back down to the mid-20s.

Don't know about gold - I'm a silver guy.

$19.70 at the moment.. should be hitting the 20s very soon.

 

gold and silver

gold high at $971.10
silver high at $19.89
palladium high at $596.00
platinum hgih at $2,215.00

 

I have a feeling... that silver wont go more than 30$, until it starts to drop again.
but we'll see

 

Humor me please. I was born in 1979 so I wasn't around for silver's all time high in the 1970's. What did silver reach then?

 

In 1980 it reached $50/oz, but that was because the Hunt Brothers tried to corner the market. As soon as they failed in doing that the price collapsed.
You should note that $50 in 1980 was the equivalent of $141 today.

 

finalized

that is why when we collect coins. mostly or most of the time we losing money by hoarding. (based on inflation) only the dealers won. anyway, the silver and gold market will continue to move higher and higher. because it is quite undervalue.

 

Silver was already reaching record levels in 1980 before the Hunt brothers began their doomed crusade. Metals were on the rise then for the same reason they are now, and that is because of econimic gloom. When the economy tanks, people invest in hard assets that have market value the world over. Compare the values of gold and silver in the 90's when we were in an economic boom compared to times when we were in recession. If the rumors are true that the Fed may cut interest rates again soon, I fully expect to see silver hit 25-30 dollars.
Guy~

 

That's a difficult concept for many people to accept or understand. Silver and gold have been low for so long that it sometimes seems like prices are destined to move forever within the range of the past 20 years simply because that's the way it's always been. But the prices are like a coiled spring ready to explode upward. In fact, it's already started to happen. For anyone who thinks current prices are high, look around you and you'll notice that there are very few things besides silver that you can buy for a price that is less than it was 30 years ago. And 30 years ago there were several billion more ounces than there are now.

 

gold price

gold hit $976.80 per ounce in asia. silver $20.00 per ounce.

 

silver hit $20.00

silver hit $20.00 and gold at $978.20 in dubai, u.a.e.

 

silver moving

silver hit a recent high of $20.66 per ounce. while gold and platinum surpasses their recent record high. gold $990.40 and platinum $2,251.00 per ounce. gold certainly will break the $1,000.00. will will test $1,100.00 soon.

since december31 2007 to present:
palladium up 64%
platinum up 47%
silver up 40%
gold up 19% ( the slowest movement)

 

gold will top out in the $1100 range and silver around $27.00 - then get ready for the rollercoaster ride back to earth - unemployment is rising in Europe and that will be a big factor in the metals prices.

-Steve

 

If you think we will see $300/oz gold, $5/oz silver or $700/oz platinum anytime soon, I think you are strongly mistaken. Inflation is too out of control, based on the policies of our government (Too low fed funds rate, farm subsidies driving up food prices, too much spending, etc.). Granted, prices may come down a bit, but not that much.

 

Precious metals

Correct me if I am wrong... (not that quick, wait until I finish)...
But, I believe I learned that platinum was tossed out by the Gold Rush communities in the very early years.
Now with prices the way they are I think some of those old miners are rolling over in their final resting places.

jeankay

 

Don't eveny Bernacke's job at the moment... he is stuck between wanting to lower the interest rates to help ease the mortgage crisis and wanting to raise them to combat inflation. He's kind of in a lose/lose situation at the moment...

If we could eliminate farm subsidies (good luck) and control goverment spending (yeah right!) it would certaintly make it easier for the Fed to use their tools to stabilize the economy.

Nobody in Congress wants to do anything major while wondering about the election... both for the president and themselves... that might not stick under the next administration/congressional session, depending on who ends up getting elected. Be too hard to get it passed and could end up costing them votes rather than gaining them any.

All this adds up to a lot instability and uncertaintly for a while. That's good for precious metals prices. I wouldn't be buying any stock in retail companies or banking companies for a while though.

 

palladium and platinum

palladium $601.00
platinum $2,302.00
silver $20.60
gold $988.90

 

Kinda looking like silver is a shoo in don't you think Elaine?

 

never said it was going that low - but in just over 2 years, gold has double in price - this can't continue - a correction is on the way. i'm guessing gold will drop to the $700 level and silver the $10 level.

-steve

 

As much as I would like to see gold drop to $700/oz, and silver to $10 (as I would buy more myself), I still don't think we will get anywhere close to that any time soon. We are in the early stages of a major bull run in commodities. Not just precious metals, but wheat, corn, sugar, and almost all foods. Even Bernanke says he is not concerned about inflation now (they'll deal with it later). Continuing to lower the fed funds rate has not helped mortgage rates, they have gone up. And credit is so tight, almost no one can get borrow money anyway. Gold is still very low when adjusted for inflation. In my opinion, it will continue to go up, with a small correction here and there.

Also, gold has not doubled in 2 years. Two years ago it was just short of $600/oz.