Next Level: GOLD $1,350.00

Currently:

Gold @ $1,103.40/oz.

Silver @ $15.87/oz.
Platinum @ $1,518/oz.
Palladium @ 435/oz.

 

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Thanks for a very insightful, reasoned prediction! I gave my prediction already (under $1000 by year's end)...as a counterpoint to Elaine's prediction.

Cloudsweeper (who I think understands this stuff better than anyone) says it's a coin-flip...(but agrees with you). Should be interesting to see what happens. encil:

 

Thanks for the compliment, although I don't necessarily think it is deserved. I don't recall making a price prediction, although I believe someplace I mentioned that Rob McEwen believes gold will be $2,000 by the end of 2010, and he knows as much about the business as anybody. However, I think the bull market in gold and silver will continue until it ends in a price spike upwards. I don't know how high the price will go or when it will happen. I don't think there is any way to prove this through analysis [hence the coin flip], but that is my expectation.

 

Currently in Asian trading:
Gold @ $1,107.00/oz.
Silver @ $15.91/oz.

 

Trading opening soon in US...

Currently, UK/EU:

Gold @ $1,096.30/oz.

Silver @ $15.80/oz.
Platinum @ $1,513/oz.
Palladium @ $433/oz.

 

Thanks for the recommendation. Got a copy in today. :thumb:

 

Currently in Asian trading:

Gold @ $1,097.70/oz.
Silver @ $15.93/oz.
Platinum @ $1517/oz.
Palladium @ $424/oz.

 

That book is getting some business from Cloudsweeper!

 

Maybe he's invested in publishing or something too...

 

I wish I had the publishing rights. But it just happens to be one of the best books on investing because it teaches you how to think about the whole process of choosing suitable investments at suitable prices rather than just provide some specific technique that might work today but not ten years from now. It also covers the proper way to think about market fluctuations, which is particularly relevant these days.

 

Thanks Cloud! I'm looking forward to getting into this book.

+++

Currently:

Gold @ $1,095.10/oz.

Silver @ $15.84/oz.
Platinum @ $1523/oz.
Palladium @ $425/oz.

 

It always can not be going up. but a low raise is what I would call it

 

Currently:

Gold @ $1,097.40/oz.

Silver @ $15.79/oz.
Platinum @ $1523/oz.
Palladium @ $428/oz.

 

gold currently at $1,107.00 bid and $1,108.00 ask.

 

CHINA TO PURCHASE 191.3 TONNES OF GOLD FROM IMF. AND CAN EASILY BUY THEM ALL IN FIVE YEARS.

http://english.pravda.ru/business/finance/25-02-2010/112369-china_gold-0

 

IMF Declines Comment on China IMF Gold Purchase Rumor – Kitco News

"The unconfirmed rumor was based on Russian news reports and some sources said it boosted gold futures prices."


Gold @ $1,106.80/oz.
Silver @ $16.11

 

gold is now $1,107.70 bid and $1,108.70 ask. it might be a real thing. China buying IMF. not gold.

 

GOLD closed at $1,118.90/oz. some predict it will test $1,200.00 by march. let's see.

 

bureaucracy and related politics

 

What a run gold had, it seems that Gold is on a 20 year cycle and we are only half way through it, We have been in the jewelry business for over 30 years, the Jewelry business has been in the depression, We are managing by buying scrap, selling bullion and precious metals for investors, retail and wholesale.

One thing I noticed is that what we are buying is all yellow gold but the industry started manufacturing in white gold about 10 years ago, the white gold is still out there.

I always wonder where all this scrap gold is going, somebody is buying and wonder when the Consumer will start selling their white gold jewelry, perhaps when gold reaches $1500