My bold prediction on gold

below $900 by October.

-strong stock market
-small down ticks are building momentum
-these strong prices have brought supply to market

(look at that big gold star I have below my avatar!)

 

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I wouldnt trust this stock market with monopoly money.I see Gold rising steadily every day.I cant see it dropping anytime soon.October isnt so very far away,i guess we'll see.
Itll break 1050 by the end of this month for sure i think.



Ooops , that was a genuine typo , i had typed 1150 when i intended to put 1050.

 

My prediction:

Obama is printing money like mad.

Inflation will be rampant.

Dollar will fall. Gold will rise.

 

I somewhat agree with you I don't think it's going to push past $1000 but if the market continues to gain momentum I think the ETF funds will also keeping the prices in the $900-$950 range.

 

I saw your star so I have no choice but to agree with your prediction!

 

Danr, you've been wishing for gold to drop for a long time. Don't confuse withing and predictions with analysis or brilliance.

 

:hammer:The proof is in the pudding!:hammer:

(btw I have a great record on specific predictions, check it out)

 

That's what I suspected you were thinking. In this particular case, you aren't going out on much of a limb predicting a 5-6% drop, but it creates exactly the wrong mindset for long term success. For example, in this particular case it is very possible for the price of gold to double over the next few years. So you would have to have a record of success of about 20 correct guesses for every 1 incorrect guess to just break even in the long run with a policy of just buying what you want now. So what looks impressive to you is probably going to cost you a small fortune over the course of your life.

Do the math.

 

I am mostly basing this on the strengthening US and world economy. Which is weird because more production would create more demand for gold for industrial use. But the market mover in this case is not industrial use, it is the "end of the world" crowd deciding they can put money back into markets.

 

Well, I think it's weak thinking based on TV business news logic, but good luck with your strategy. After all, you only need 5% to claim success.

 

Say can you link some of your previous predictions? I am not worried about it b/c I didn't buy my gold as an investment only but since your title says bold in it, I'd like to see what the other predictions were like.

 

It is hard to find old specific old posts (here are a few). There are more. When I come right out and call it a prediction I have been right. When I say "may happen" that is different.

http://www.cointalk.com/forum/t53529/


http://www.cointalk.com/forum/t50489/

http://www.cointalk.com/forum/t53010/

 

There are no bold predictions there. Basically all you did was "predict" that gold would make tiny moves within the established trading range. There is nothing actionable here unless you are an investor using substantial leverage. But if it feels good, pat yourself on the back, but don't hurt your arm.

 

stock market is too high right now. need to be corrected. while gold is very stable. see gold to go up between $1,100.00 to $1,200.00 range within this year.

 

Call them what you will but you must call them accurate.

 

I am not saying that that will not happen, I am saying sub-900 before Oct.

 

No. Not accurate. In the first case, there is only an observation. Whatever is going on in your mind, I think you are only fooling yourself, but have a good time.

 

The 600 Lbs. gorrilla in the room is our ballooning national debt. Keep a wary eye on the short term bond auctions. If investors (such as China) stop buying our debt, gold (in dollar terms) could go through the roof.

We may be able to manage the shock for a while (buy our own short term notes with longer term notes...aka "Ponzi Scheme"), but eventually it will catch up with us.

 

"I am not saying that that will not happen, I am saying sub-900 before Oct. " SUB $900! I hope you are right! I can then pick up another 20 ounces!

 

Obviously nothing like that will happen before October (or October ten years from now), but the perception that we're at risk may keep a speculative floor under the gold market for a while.