Next Level: GOLD $1,350.00

Can we please get back to the falling price of gold?

 

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What's to say? Gold is falling. That's what happens once or twice a year to everything as volitile as gold. If you need to know why, or if the volitility bothers you, then gold is not a suitable holding. Pretty soon the posts will be about gold $800. Wait awhile and gold will be rising again. Then the posts will be about gold $2000. None of this has anything to do with fundamentals. It's emotion.

 

just a update GOLD is at $1102.43.
or 778.23 euros .
dave

 

Currently:

Gold @ $1,076.60/oz

Silver @ $16.50/oz

 

Your gold investment has hit a bump in the road buy low sell high so hang on hold tight.

 

whose


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Currently:

Gold @ $1,088.70/oz

Silver @ $16.31/oz

 

Not mine. Gold will fall at least to $1000. That is my guess.

 

Investment letter

I just received Richard Maybury's "Early Warning Report" for January. He is still strongly recommending gold and silver, and says that certified rarities could easily outstrip the metals by 5X. He say the government has run out of maneuvering room--and triple digit inflation will soon come. Maurice Rosen interviewed him a few months back....

I have been reading Kitco's discouraging comments recently, a number of former gold bulls have changed their tune talking about a drop. I guess you never know...

 

Keep in mind that Maybury is a writer. He doesn't have any credentials that should lead you to believe he possesses any forecasting ability, although his newsletter may be entertaining. I'm not saying I don't like gold or silver, just warning against Maybury and hundreds of others like him who make a few bucks jumping on bandwagons and preaching to the choir.

 

if everyone is crying wolf that the gold price is getting a free fall then I guess it is the moment to buy in?

 

It might be a decent time to buy, but gold is not in free-fall. It's only 15% or so below the high. This is normal in any bull market for any item.

 

I can't wait to see pics too!!!

 

2009 American Buffalo One Ounce Gold Proof Coin (BA9) Price: $1,360.00 Morgan are you intouch with the facts of AIG the FED and Morgan...... oooh oops! hehe

 

Does anybody really have the right answer, If so please let me know

 

percentage down from its high this year:

silver - 17.8%
palladium - 13.5%
gold - 12.5%
platinum - 10.1%

see platinum and palladium will down more. these two metals still traded at a very high price.

 

It is interesting times indeed for PM's. I haven't really seen any news that would make gold/silver go up or down. It just seems to be having a down trend right now. Perhaps some people are selling and getting off the bandwagon, who knows, but it's probably going to be a roller coaster ride through the year?

 

not because gold and silver are bad. it is because the stock market is too high. dow jones should go down to around 8,800 to 9,000 point. s and p around 950.00. gold might follow. i think gold at its worst. $950.00 too. we will see how s and p perform. currently s and p closed at 1,084.53. gold as of this writing is quoted bid 1,083.00 ask 1,084.00.

 

if gold really go down to $950.00. together with s & p at 950.00 points. silver could go down as well. i think around $13.50 an ounce. platinum. my guess is $1,150.00.

 

dow jones average could go down and break 10,000 tomorrow. future index heading lower. next monday and tuesday could be worst. hope the gold will not follow.

 

The economy is improving. It does not matter if you believe it or not. It only matters if the big boys believe it.