here we go

:thumb: spot on
say it a couple times and your bound to get it right
so ill say the end of next week
dave

 

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Would anyone like to predict what gold would be priced at next year?

December 2, 2010?

 

Yes, maybe you should start a thread contest like Ryan's gold contest that is closing today...

 

ahhh....thanks...lots of post to catch up on now....hopefully I can get in my own prediction before it's too late...

 

No problem. I think you'll be included, as guesses need to be in by 12/2, today!

 

Not me, I'm never right.......:smile

 

Good evening / morning:

It is December 3rd in Asia and Gold has just opened at $1218.20!
It closed yesterday at $1215.80/oz.

 

but that's not what you seemed to be implying earlier and here I was sniffing around all day for strawberries.:crying:

 

Gold at $1220.90

 

I think a lot of folks are using the tried and true rules of investing as they apply to PMs. I think that this market is doing some things that aren't traditional. It's my understanding that as prices increase, demand falls off.

Prices are increasing and demand is increasing. What does that mean?...I think it means that a whole lot of people think the dollar is going nowhere...except down, and that having federal reserve dollars in the bank is a worse idea every day. As the dollar rots into the grave, PMs will continue to climb. I look for silver to break out once gold hits a ceiling that is too high for smaller investors to deal with.

I'm not a professional...I don't play one on TV...and I have never stayed at a holiday inn.

Nightowl

 

Your 100% right
Eveybody is hedgeing for the dollar to fall i like going out on limb here the fed are no fools they knew this was comeing and they bet on gold to just do as its doing
The us exports are up but gold is still only gold you cant eat it or wipe your ? With it
So with the next week you will see a drop in price
But untill then gold will reach 1230 by morning i kid you not
Mabye i am puting my foot in my mouth but that is how i see it
Dave

 

I just don't smell a major sell off. There's nothing on the horizon to suggest any reason for the dollar becoming stronger, which is the one thing that could trigger it. There are plenty of things floating that point to further burdening this economy however.

I don't have a lot...but I'm in no hurry to sell.

Nightowl

 

This is what I try to get at with people who say gold is going to drop or it's a bubble. I don't mind little dips here and there, nothing moves up in a straight line. But the overall direction for gold is UP. If it goes down $10 today, it's not armageddon...

With that said, there's nothing the Fed is doing AT ALL to make gold go down and for USD to go up. So fundamentally, gold is just going to keep going up.

Now, the question is, how is this going to end? How will it all end? It will eventually...what is the end game?

 

Anybodys guess but i dont think we will see gold at the $900 or $1000 for a long time
When i said the fed knew what it was doing heres hopeing
Dave
Ps
I have a lad that deals in gold
And hes telling me 2 weeks and gold is going to drop
But as i said anybodys guesr

 

Just peeked again and gold has moved up to $1,225.00 oz. in Asian trading.

 

I don't know how it ends for everybody else, but when I got into this...I did so with one thing in mind. That was to pay off the remainder of my mortgage with as few dollars as possible. I don't owe a lot on it. Last month I had just enough (value in gold assets) to cover it....and this month I have 30 percent more than I need.

For me....it ends when inflation begins to negatively impact the buying power of that which I hold. Then....I'm out. Until then I'll make my house payment and hold the gold.

Nightowl

 

That's wonderful nightowl, that you paid off your mortgage! KUDOS!

$1,225.10 oz. in Asian trading now.

 

I haven't paid it off yet...but have the PM to do so should I choose to sell. It's a good place to be though. :smile

Nightowl

 

gotcha. and it is for sure a good place.

 

Gold currently up to $1,225.80/oz. in Asia now.