Gold To Hit $2,700 In A Year, $7,400 In 5 Years

Up $45 now to $2,040. Within striking distance of 2020's high of $2,070.

 

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2059, do I hear 2080?

Yes, I sold almost an ounce Saturday. You're welcome.

 

As I posted, it is EARLY in this trade...volumes into ETFs are not even at 2020 levels.

The trade can run to $2,500 or so. And if this is a commodities supercycle with global disruptions like Russia being the norm, you can easily make a case for $5,000 gold -- or HIGHER -- by 20230.

 

I am happy that I bought a few decent collectable bullion $20's when it was $1100, but I am reluctant to sell any. Leaving it for my children. Who knows what will happen.... Such a mess.

 

Gold was up almost $80 to $2,078 and then reversed on the news of a potential end to the conflict. Stocks went up, gold hit an air pocket.

To be continued....

 

Gold holding up over $55 to $2,050...dipped to $30 rise a while earlier but coming back.

It WANTS to go higher. There are just too many buyers here and not enough sellers.

 

I got some at an average of $1200 over the years but how much do you half to sell to move the needle. I think silver is the smarter move but the vig they add on is like 4 or 5 bucks on an oz. If it goes up who cares about the vig. Just saying.

 

Gold premiums remain very modest, silver premiums are still moronic.

 

Up $22 AH....

 

Oh, Please...they have been saying gold is going to go past $7,000 an ounce for the last 50 years!

 

Who has ? Carnival barkers ?

This is a respected analyst with clients. So while I agree some of his numbers are "click-bait", the $2,700 in 2023 is very doable. I'm less sure on $7K in 5 years.

FWIW, I think gold price predictions themselves are not worth much but the underlying extrapolations based on market moves when Big $$$ come into relatively illiquid markets is worth exploring.

Nickel tripling in 2 days is what I mean.

 

Current situations aside, I am very bullish on GOLD as long as my BTC
trading remains strong will be buying
2 - 3 once’s a month, just over 17 once’s
last year alone

 

Another down day for the DOW, boy did
I get that right

 

Now, tell us when to GET BACK IN.

We don't need you to be Charles Allmon. We need you to be Marty Zweig.

 

I've bought quite a bit on the down.

Seems that only works for you when Bitcon drops 10% in a day.

 

Smart move...just make sure you have $$$ if we go down to S&P 3,800.

Deploying too slow or too fast can work against you, even though each is probably better than doing nothing.

 

Very timed release of funds into the down. Plenty more to go.

Got lucky on Wednesday. Coincidentally picked up Amazon just before the 20 for 1 split announcement. It was flirting with the 52 week low and I seized the opportunity. Lucky on that one.

 

As it continues to drop 4 weeks of losses, you can have it, will stick with BTC
and PM,S for the near future, no end in sight in the down turn in stocks, just
to much pressure on the Russian invasion.

 

Will be back in when I can actually buy a Big Mac in Russia...LOL