Next Level: GOLD $1,350.00

Okay, okay! Okay already! So what's this all mean to you? Is the POG now going to shoot through the roof or will every thing stay as volatile as it has been? This goes for silver too.

 

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Yes. Yes.

And what are your thoughts on the price of PMs, the OP and volatility for any or all metals?

 

From everything that I've heard and read, I'd have to beleive that $1350 an ounce is is going to happen by the end of this year or the 1st quarter of 2011. And silver to at least $20 too. But I don't beleive this even 75%. The world and U. S. economies are a mess. All the big basic industries that can create jobs are either broke or downsizing to other countries still. Banks don't trust anyone much less each other. People are trying to save more and spend less which stifles the creating of larger production of goods and store inventories. Survival is the name of the game. The Fed. Gov. is just going to print and mint more morey without paying attention to the outstanding signs smashing them in their faces right now. People do not or won't have money to buy PMs. There will always be that upper 1% that has and the other 99% that has not. The upper 1% exists right now and they're not inviting anyone else to join their club. They will find ways to make our PMs almost worthless while they manipulate their commodities into riches. The
only way out is to force the banks to release industrial loans to U.S, companies that will be forced to create American jobs. And also reduce foriegn jobs. Illegal immigration must be stopped and all other non citizens identified and registered. That's what was done during and after WWII and it worked. It procuced a country with pride in itself but yet pride individual heritage. My grandparents and parents, God bless em', came over here and loved this country with all their hearts. And they instilled that in their children and they're children's children. A blue collar job was deemed just as honorable as a white collar one as long as it was honest and lawful. It was an honor to fulfill your obligation for military service. When we get these things back this country will again be a prosperous and more proud country to all who live here and the rest of the world. PMs will be still be manipulated but we'll get a bigger share. Stocks will provide safe investments for us 99 percenters also.

 

" PMs will be still be manipulated but we'll get a bigger share. Stocks will provide safe investments for us 99 percenters also."

Ahhhh whos got money to invest? I know people living paycheck to paycheck, and wish they could invest, although the only way they get to put out any purchases is on the charge card. I know a guy that is in debt up to his ears guess what he did? Invest/save money? Nope bought a car on credit.

Folks aint got time to worry about financial situations, they claim they are financial geniuses talking out of their asses about capitalism, although they have zero profits, whilst worrying about the world cup(USA got knocked out btw)/lebron james choosing his team more than anything else. Those folks are gonna be in a world of hurt, whilst praying to the gov'ment to give them freebies and handouts.

Welcome to the real world :eating:

And guess what, im here to profit off all the chumps who got their heads up their , people who are making moves and being smart with money will be rewarded and in the clear(hopefully).

 

CURRENTLY: In over night trading, Asian markets for Friday 7/9/10...

GOLD: $1,199.60
Silver: $17.95
Platinum: $1531
Palladium: $451

 

Ya know we're only $159 bucks away from $1350. That's only 11.78%. Agood week would make that up. No joke.
Ithink silver will reach $20 before gold hits this target. 50% SURE.

 

Going out on a limb and saying it's 50/50 with silver hitting $20 before gold hits $1350? Don't stay too close to the trunk....(just messing with you)

 

I think that silver will hit $20 before gold hits $1350.00. There is no doubt in my mind that this will happen.

 

CURRENTLY: In the US market after opening...

GOLD: $1,203.50
Silver: $18.01
Platinum: $1529
Palladium: $457

​

 

Id say depending on the situation, here's what were looking at for closing on the day.

1208-1210 On gold (changed my guess twice already haha)
18.05-18.10 on silver if we are lucky(harder to predict).


Early prediction for the weekend. The losses need to recoup somehow, plus people buying cause the prices went down. Last time gold/silver shot down I purchased as well. Basically what I did in the last few days with silver.

 

It appears I just missed my opportunity to buy the dip, yet again. Oh well, I hope the next dip can come soon.

 

Next dip may not be as low. Im guessing itll go back up again then next dip may be bottomed at 1200.

Starting to maintain in the 1200s, looking good!!!! I remember when it was just touching 1200 and it was like trying to keep a fat chick with cement drawers a float at the 1200 pricing.

 

CURRENTLY: Close of US market for 7/9/10

GOLD: $1,212.40
Silver: $18.17
Platinum: $1535
Palladium: $463

 

Hahahahahaha. Thanks for making me laugh.

 

chris you forgot other currency's . it was up in pounds £12.77 and in euros up 13.45. in the $ up 10.60.
the question i have is how, i must buy dollars by those numbers. but the how is still standing out ?

 

I leave that to you my friend! Thanx!

 

Opening market on sunday predictions.

Possibly 5pt drop in gold then a build back up to 1211(where it was closing on friday)

or

Starting at 1216-1218 and building up over 1220 into tomorrow(us market). I heard somewhere in vietnam is upping the intake of gold or raised their desires for gold.

Also with the USA, there is a heavy backing to print more money otherwise we will be heading in the direction like a 3rd world country(said on msnbc), although I think that would be quite the opposite as printing money is not going to do nothing besides stimulate until that runs out and things are back at square 1 again and with a bigger gash then before.

 

Although I agree with your assessment regarding the printing of money, and I too have been saying the same thing for quite some time, quite frankly, at this point, all this printing hasn't done all that much to the price of gold.

Not being an economist myself, I'm not entirely understanding the whole picture nor will I ever will, but all the shouting about debasing the USD (although could very well be true) just has not seem to affect gold the way I thought it would.

And what I mean by that is, there are times when gold dips. We saw it the last 2 weeks. It hit around $1260'ish and dropped below $1200. You would think that gold would never drop this way with the amount of printing the Federal Reserve is doing.

Think of it this way, everyone screams dollar debasement, and let's say hypothetically gold drops to $1,000 and silver to $14. I'd have to really reconsider the entire argument and the fundamentals of well, everything!!

 

Its called manipulation along with other such sideline issues that haven't came fully into effect yet. When these issues come into effect it will have a domino like effect.

Its all purely speculation/opinion until the pieces of the puzzle start coming together more. And with the USD going up/down doesnt have a direct correlation(id say anyways) until people start shifting around their money in the markets.

Really all i see PM's as are a top investment as of now. You can exchange your paper money for something that holds a constant value. And the idea is that when the dollar takes another hit, you'll be able to exchange your gold/silver to gain profits to offset the kick in the pants the dollar/paper money takes. Ive been holding some metals for over a year now and profits are still maintained along with still possible gains. Other stocks and seech been taking hits where your not necessarily maintaining profits/increases after holding them for the same timeline, you may be at a even $$$ state as when you invested a year ago versus being in the +++ now with metals after a year.

And I like to keep mentioning whos holding paper metals instead of the physical form. Hey I got 100oz in my portfolio guys.....basically like giving a company 121k cash and saying hold this for me. What happens when everyone decides to sell out or collect at once, is that said company going to have enough to shell out all the cash to the investors? Who knows if they actually are holding the metals to sell them out to pay back the investors. It could be like the banking schemes, they are in deficit then when everyone goes to collect their $$$ its all gone cause the bank has Jack left in its hands to play with.

You can't tell me that people do not go outside the margin to collect better bank if there isn't pressure on them to maintain a certain scope of product. Who says you cant sell what you do not have if the agreement is that the physical form does not have to be produced in all said situations, just to those who request it. And at the same time who needs physical product while paper form exists equally as having hard product in your hands. I feel many are using metals as a quick $$$ turn around to hold for a few quarters of the year just to make some quick profits to re-invest elsewhere, or to cover deficits. Think if your a big buyer and you can flip half a million or a few million in gold back and forth whilst it fluxs up and down in price. Takes money to make money...(holding say 2mil worth of gold from a year ago at 955 prices, and selling at today's 1211 price your setting at ~600k profit just at that level/timeline)

Although as said above, this is all speculation. I am not a expert, just passing around ideas.

 

CURRENTLY: In ASIAN/EU/UK markets for Monday 7/12/2010...

GOLD: $1,210.50
Silver: $18.13
Platinum: $1532
Palladium: $463

US market opening in about six and a half hours...