Poll: will gold be up or down one year from now?

Vote and please provide your summary comments in a post.

I know that no one has a crystal ball. I'm just curious to know what the majority of the folks here are thinking.

Reasons price may go down:

* Gold-silver ratio needs to "normalize" back to historical average

Reasons price may go up:

* Increased demand for gold (electronics, medical; global supply & demand)

 

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Poll: will gold be up or down one year from now?

Yes.

 

Your question asks higher or lower BY a date. I think it could be all of the answers by then. A better question would be what will gold be ON that date.

 

To be honest, I am not voting on this survey because I personally do not think (from what I have read) anyone here is actually qualified to make such a prediction.
Please do not take this as an insult, it is solely based on my novice opinion of the larger economical picture and a mystical crystal ball.
Have a great week out there everyone.

 

My grandpa used to say, "If it thunders in February, it will rain on that same day in July." Marked on the calendar once to see if it was true. He got close, missed by a day. I said something to him about it and he said it rained somewhere.

Based on that, my prediction is that if there is a thunderous bang on the Arabian peninsula in February then gold will be higher in July.

 

Lower by $200-$300 date 2016 Dec 25, Merry Low Price Gold.

More then likely Gold will be at 2001 Levels around 2018-19 then Flat line for 5-10 years with little lifts in Trade Price. I know this because Platinum is falling faster then all PMs Back to $600 its 2000 Trade Level. Platinum is the King PM. Platinum trends will Dictate the return to 2001 Trade Levels for Silver/Gold. As of now the Trend is Platinum is lower every year from 2011.

Silver is the only PM I will buy Physical and hold right now till the return to 2001 price levels as Silver is very under valued period.

I do enjoy have some Gold Coins each year but I only buy them because I want the Date and to Collect a few. Same with Platinum few oz's but only because I like to collect them.

Silver I buy more closer to bulk but not much more then a half pound to pound

 

Based on my track record, I've been very consistent with predicting the market. That is, I buy and then the prices tank shortly after. If I buy gold in the next 12 months, the price will go down. If I do not buy, it will go up. I have the septic touch when it comes to purchasing. I may buy once ounce before the end of the year. Until that day comes, I predict a sideways market. The day after I buy, gold will give up $50-$75/oz.

Need proof? I liquidated my Fidelity Select Gold fund on August 5th to facilitate a rollover from 401k to IRA. In those 8 trading days, the GDX has moved up over 11%. Rollover still isn't done, so I'll likely be out for another day or two. I expect the GDX to be near $16 before tomorrow afternoon.

 

As someone much wiser than I once said,

"Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window."

It's pretty much a wasted exercise unless you're just in it for the entertainment value.

 

It's like playing Blackjack. As long as you can afford to double the bet each time you lose - eventually you will win. However it will get expensive - so make sure you can outlast the dealer, and beware of table limits!

When everyone else is saying there's no hope - that is the time to pounce. But even so - do it with caution and a plan.

If you just follow the herd and sell when everyone else is selling, well that means you're just selling at a loss and accepting it.