Next Level: GOLD $1,350.00

Currently: in UK/EU markets...

GOLD @ $1,104.90/oz.
Silver @ $16.91/oz.
Platinum @ $1,589/oz.
Palladium @ $470/oz.

 

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Currently: at the U.S. opening...

GOLD @ $1,105/oz.
Silver @ $16.84/oz.
Platinum @ $1,591/oz.
Palladium @ $463/oz.

 

Currently: some low morning figures...
GOLD @ $1,097.40/oz.
Silver @ $16.66/oz.
Platinum @ $1,584/oz.
Palladium @ $457/oz.

 

Currently:

GOLD @ $1,102.20/oz.
Silver @ $16.91/oz.
Platinum @ $1,603/oz.
Palladium @ $465/oz.

 

Currently:In Asian markets...

GOLD @ $1,106.40/oz.
Silver @ $17.00/oz.
Platinum @ $1,613/oz.
Palladium @ $463/oz.

 

Currently: in UK/EU markets...

GOLD @ $1,099.30/oz.
Silver @ $16.85/oz.
Platinum @ $1,600/oz.
Palladium @ $459/oz.

 

Looks like prices are heading the wrong way!

 

I hope all the silent gold bugs are busy buying if this presented them with an opportunity to pick up some PMs... hya:

US markets opening in less than 10 minutes now...

 

Currently: at the U.S. opening...

GOLD @ $1,099.10/oz.
Silver @ $16.85/oz.
Platinum @ $1,597/oz.
Palladium @ $453/oz.

 

You sure? ...looks a bit lower than that.

 

Currently:

GOLD @ $1,098.10/oz.
Silver @ $16.86/oz.
Platinum @ $1,593/oz.
Palladium @ $448/oz.

 

Yep...It's coming back!

 

Krispy...so, what's your "end of the year" prediction? let's make it easy...higher or lower from here?

 

Gold higher by about 10% so from right now, end of year: $1210
Siver higher by about 25% so from fight now, end of year: $21

What do you think?


Currently:

GOLD @ $1,098.90/oz.
Silver @ $16.87/oz.
Platinum @ $1,599/oz.
Palladium @ $453/oz.

 

I wouldn't be surprised to see gold end the year under $900...I'm just saying, interest rate trends are higher (imo) and that's not good for commodities without a corresponding increase in economic activity.

 

I do agree that gold may move around a bit this year but end much lower than one might expect by end of year. I welcome your prediction as it puts that PM back to a more approachable range for me. Silver though I think will be more hyped and those who are late buying into physical or continue to worry about issues can still keep buying this PM at the easily obtainable prices. Silver still seems to be in a good range for buying but I don't expect it will drop as much percentage wise as gold might this year.

 

Foreign debt has a lot to do with the price of gold.Useless paper money around the world will take a hit this year.What is worth more as a hedge

 

In the 1970s, gold rose as interest rates rose and economic activity declined. It is a popular belief these days that higher interest rates are bearish for gold. However, if rates start to increase, bond prices will start decreasing and traders [which means almost everyone these days] will sell bonds, not buy them. That money has to go someplace, and gold is an option just as it was in the 70s. Rising interest rates might, surprisingly to some, be good for gold.

 

Of course, it's anybody's guess...it'll be fun to see what actually happens!

The real challenge is to assume each scenario and guess how each will affect coin values and mintages...Hmmm...

 

Currently:

GOLD @ $1,098.70/oz.
Silver @ $16.85/oz.
Platinum @ $1,599/oz.
Palladium @ $459/oz.