Gold headed to $1,000.00. gold coin follow.

gold passed $920.00. silver almost $13.00.

 

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Analysts I know also predicted $200 oil. And no one predicted a drop from $147.50 down to $37.50 in less than 2 quarters either.

Gold is scary... there is no logic and it is this high due to panic. Once the stimulus plan gets passed, some fear should subside. Once that happens, its going to be a tug between

Gold going down due to disinflation and slowed global demand, (less panic), and in the future gold spiking up due to the massive debt and inflation.

Silver and Platinum more undervalued vs gold right now.

 

Well we're almost there. The next $80 might be the hardest. :thumb:

 

in order for gold to pass $1,000.00. platinum must hit over $1,100.00. since platinum passed the $1,000.00 mrak. the trend is up. i see gold heading toward $1,000.00 also.

 

let's predict this coming monday. how silver and gold gonna open?. i would said it gold will open between 10 to 20 dollars higher. what is your prediction?. if gold go up over $950.00 as an average for five days. then the prices of mint gold products will be up again.

gold based on $950.00 to $999.99: prices will look like these.
UHR double eagle - $1,339.00
prosperity set - $1,275.00
one oz am eagle gold unc (w) -$1,228.00
1/2 oz spouse gold proof - $654.00

 

Gold Scary?

What I find scary is that gold is being limited by demand !
A FIAT monetary system is the big reason .
We also have a strain on several producers who can not find investors in South Africa to invest unless it is in infrastructure. Mines that do not meet the specs for safety etc. can not get bridge loans for slow times. The deeper the mine the more gear needed to keep strikes down and miners from getting hurt. Time is money and mines that are running within guidelines are still having energy problems.

 

now not only government official gold coins were in demand. even the gold bars and private gold coins were hot. i see the gold will pass $1,000.00 and stay high for the rest of the year.

 

:crying:You know this might be getting scarier and scarier. I just got a pamphlet in the mail from Blanchard . It was titled " Gold Confiscation"
It said that while nothing is in the works yet it could happen again. So they were saying that owning gold is not a right but a priviledge allowed by congress. But owning of " rare" coins is private and do not require filing information returns with the IRS as you have to if you own bullion. Of course they are a dealer in "rare" coins and that's their shtick.
We all know collectible coins are a better hedge than gold bullion and appriciates more. Does anyone think it might come to thisi.e. gold confiscation?

 

The government may ban gun ownership but that does not stop me from owning guns. The government may ban books but I will continue to read. I'm not going to live my life in fear of something that is unlikely to happen, especially when the warning comes from someone with a vested interest in me getting spooked and buying their product.

 

I whole heartedly agree. Well said. Thanks:thumb:

 

gold high $919.60
silver $13.26
platinum $1,047.00
palladium $222.00

 

And the stock market is tanking now...

 

now the gold is moving fast. it hit a high at $948.10. silver $13.72. platinum $1,086.00. palladium $220.00.

 

yup.
Moving fast:
945.50
+29.20

 

frank you too?

 

This is it, it will top $1000 and may keep shooting up. This is a strong move upward and the stars are all aligned.

 

I will make no predictions untill I finish reading the " Lost book of Nostradamous "

 

the prediction by most analyst were adjusted to higher target. ranging from $1,500.00 to $2,000.00 an ounce for gold. i wonder what will happen to our dollar and the stock market.

 

Its been flirting with $950 for 2 days now

 

Sittinguy has got it right. It's not been topping 950 and maintaining,. I believe that the POG will drop now until the middle or later in March. Low might be 850 to 800.
Then hang on for the ride of your life upwards to who knows what, $1500-$2000 per ounce? This is only my humble opinion.