I'm with you Elaine 1970, but gold again slipped back a little. I want it to rise steadily but I have" ole feeling".
when it break the $1,000.00 barrier. then it will be very fast to move forward. possibly between $1,150.00 to $1,250.00 range. of course silver will go even faster.
do you know this? london daily closing: the highest daily closing. gold - $1,011.25 silver - $20.92 platinum - $2,273.00 palladium - $582.00 as of this writing. these prices traded are as ff: gold $941.90 silver - $13.46 platinum - $1,069.00 palladium - $216.50 in order to break the record since last year. these were the percentages in order to break it. gold - need to go up 7.4% only. silver - need 56%. platinum - need 113%. palladium - need 169%. with so many crisis around the world. i think gold will eventually break the record high. when?. very soon i guess. how much?. $1,200.00 or more is my estimate.
My aunt called me some time ago and wanted to get rid of 16 AGEs that she got in her divorce. Gold was down then so I told her to hang on to it and watch the price of gold at Kitco.com. She has been a kitco junkie ever since then. She watches it every day and calls me to get the thumbs up or down on whether or not to sell. I told her last night that this would be a good time to sell as you don't want to be too greedy, but she decided to hold on longer and see what happens. How exciting that gold is going up, but at the same time, this puts a big damper on my ability to buy the gold coins from the mint.
not to rain on the parade, but $21 is not sustainable, note i did not say it would not get there... =), in May, unless we are hitting a severe depression and this is a flight to quality, or the economy starts recovering and inflation kicking in. I talked to our bullion trading desk today, I work for a major international investment bank, and primarily the buys are all gold coins, a little of silver, no platinum. Most of the bullion is straight collectors. This may be the same as what people did when Oil was hitting $140 and people were afraid of $8/gallon gas. WE will hit and sustain $21 silver.... just cannot be tooo soon.
Based on the Thurs to Wed London AM fix, my math says the average is $950.50 for this week. This should push us into the $950 bin on the mint's published gold pricing scale. I assume that will happen tomorrow morning? As of right now everything is still listed at the $900-$949.99 price point.