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

Gold has dropped like a rock after the President's speech.

My prediction: Gold will go up, and gold will go down, and none of us can accurately and consistently predict its future value.

 

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Up ?

Without Congress agreeing on drilling the coasts the psychogical impact will be as great as an actual shortage.
Gold will continue until Americans see that their future is secure in the energy area. All things that have a chance of delivering energy should be put into action until we reach a level of security.
Nothing goes up forever,but it sure can make you feel uncomfotable when fuel ,home heating,food,and transportation go up.Inflation is the by product. We all feel pain like this.
No one thing can make metals drop like a rock faster then a psychogical boost in new energy technology.
Everyone will not like all attempts or solutions.
Oil will have to be a bridge until , low cost high yield green waste ethanol gets to market. Solar becomes a common sight, wind technology consistant with high yield German windmills, Cheaper hydrogen stacks brought about by greater demand. Better rail infrastructure, and the list goes on.
Coined gold for collectors should go down in the future if we keep our money in the U.S. . Jobs will be created and the mass transfere of wealth for what has been passed off as as good as we can do ,will be replaced with a sound energy policy.
I speak only for my self and no others.

 

But you speak well , you can include me .:smile:hail:
rzage

 

The gold market extends far beyond American borders. (Maybe this belongs in the political area).

 

silver up

silver might pass $20.00 an ounce.

 

I will enjoy that when it happens! It has been a while!

 

latest analysis

dec 31 2007 to present:

silver $14.76 - $18.62 up 26.15%
platinum $1,530.00 - $1,867.00 up 22.03%
palladium $364.00 - $427.00 up 17.31%
gold $833.75 - $962.00 up 15.38%

dow jones 13,264.82 - 11,387.66 down 14.15%
s & p 500 1,468.36 - 1,252.72 down 14.69%

 

gold prediction for 2008 and 2009

some predicted gold price will be up at $1,200.00 this year end and $1,500.00 for 2009. my prediction is 2008 high will be $1,100.00 and 2009 high at $1,375.00. average prices will be lesser than those.

 

elaine:
How about your predictions on silver?

 

elaine,

who's gonna win the presidency?
which is better, coke or pepsi?
how much wood could a woodchuck chuck, if a woodchuck could chuck wood?

 

lol:smile

 

to treashunt

silver will be 45 to 50 ratio to gold during those period. so i would say silver could go as high as $33.00.

 

I did a research on the bounds and rebounds of gold and silver back when it hit over $1,000 and $20. I believe that precious metals will continue to rise now that the pendulum has begun swinging. Money is a commodity as much as sugar and rice. And now that the cat's out of the bag . . . it's gonna continue to be a commodity. Precious metals will continue to rise in our lifetime. Sell when you want, but it will never be as low as it is today. (well not for a very long time anyways). It'll hit $1200 then drop again then it'll hit $1400, then it's gonna drop again, but it will never be back in the $800 - $900 range again. Yup . . . Hold Gold.

 

to haleiwa

me too. strong buy. better than index fund or stock market.

 

next year silver is going to be $20 or $25

 

nah, no way

 

well if it $18 who know's

 

watch out

Be wary, Elaine probably has pounds of gold she bought low and is now pumping this forum into a frenzy to buy gold. She's artificially inflating the demand for gold starting with cointalk. When all of us suckers buy-in, she's gonna dump like 1000 pounds of gold into the market and we're all gonna get burned. (This was all tongue in cheek). Seriously thoug, what's the market for palladium? Nobody pays much attention to palladium, but it's running in the neighborhood of 450-500 oz isn't it? I see the RCM mints palladium coins, as has China. Thinking aboug snagging a few oz. when I get the chance.

 

Never say never . . . The more higher it gets, the more our coins are worth. There's more silver being used in todays marketplace that is being mined. Inventory will drop, demand will rise . . . price will go up.

 

This is one of the worst threads ever. All this thread is about invest invest invest. Worse than scammers. Where is the analysis on supply? Well duh, all you need is a bunch lot of people doing panic buy and wait till supply starts pouring out. Repeat of Hunt Brothers. Not a funny story. Lawsuits should appear after all this nonsense.