Gold and Silver prediction for 1/1/11

Take out your crystal ball. What do you think has a better chance of happening by first business day of 1/1/11? TC

1. Gold > $1,500
2. Silver > $25
3. Both Gold > $1,500 and Silver > $25
4. Neither Gold > $1,500 and Silver > $25

 

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Don't forget that the markets in the US and most other international markets will be closed on New Year's Day for holiday.

So do you want guesses for the last business day of 2010 or the first business day of 2011?

 

Let's go with first business day of 2011. I also added a poll. TC

 

edited for PR reasons haha.

Demand should be there unless Bammy performs a miracle

 

My gut feeling tells me that gold will be around $1450 on the first business day of 2011 and Silver will be around $23 on the first business day of 2011.

 

I don't see gold over $1500 and silver over $25, that's my opinion, your results may vary.

It wouldn't hurt my feelings if they were both over and I was patently wrong either....

 

I am leaning to choice #4. I feel like chaos could disable the markets come November - hence shortterm price suppression. - Beware, my crystal ball also sees pink elephants.

 

I don't think that's a crytal "ball" issue....;-)

 

I think there is a high probability that gold is on the verge of a huge move upward.

 

I don't think any of the options are right. I think gold > 1500 but silver < 25

 

That is option #1. :secret: TC

 

I am about 100-1 silver over gold, but I would not be surprised by any direction or meanderings the market may take.

Back in the day people took care of the most important things, I think that this is not one of the most important things.

 

deflation

Gold and silver in the past has moved moved up with increased inflation,but we have no inflation but just the direct opposite,deflation,which could be around as long as the U.S. economy stays stagnet.The Japanese economy has been in deflation mode for 15 years.I see the U.S economy staying stagnet for years to come.The China economy is also slowing down,putting pressure on steel,copper,silver ect.
The future price of precious metals is going to be a tough one to call.
I recently bought some silver and gold don't think I will buy anymore unless gold dips to below $1,000.00.

 

I think it depend on the "pow" of things and how the higher ups are going to handle things in the world and US economy. Maybe 1300 by the end of the year for gold, maybe it'll shoot way down again if they create another false sense of "everything is ok" before it shoots way up(i.e stimulus bill #2). Although many say before 2011 things will decline again, therefore a obvious upshoot should be inevitable.

DO NOT FORGET the USD issue and people who may end up ditching it(the dollar) to invest in gold/silver or other investments since we are in line with the deficit issues. Domino effect may come into play as well in a vicious circle from country to country causing some serious issues.

DO NOT FORGET paper investments where physical gold/silver is not necessary available, and people are banking to claim on purely paper certs. Also the fake gold bars that were found and how many more are out there(tungsten core)?

All these issues stacking up at once could cause a huge spike.

 

I agree, it could go either way depending on what happens next. My guess is that gold and silver will go to the moon, but deflation cannot be counted out.

 

I just thought that the poll leaves silver out, so I didn't like just saying gold under 1500

 

Option #2 would be silver > $25 but gold < $1,500. TC

 

>1500 by New Years. Look at the economy... nothing is backing it up.

 

What is backing it up now? hahahaha kidding me.... :rolling:

 

I believe gold/silver will be stuck where it is for some time. Gold at $1190/$1250 silver at $17.50/$19.00. but thats just me.