$3,000 Gold Price Forecast from Merrill Lynch/BOA

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Never mind.

 

Actually I sold some last year but I'm done selling, I needed cash at the time! good luck!

 

Actually my qualified experienced dealers who regularly attend shows, usually locate a couple coins weekly.

They know we have a relationship where I will deviate slightly from the understood specific coin parameters, where some coins demand a premium above the indicated pricing schedule.

There are 2 coins this week that meet that criteria, by ~10%.

JMHO

 

Gold continues to act OK as it moved back above $1,800 an ounce.

Big CPI inflation number on Tuesday plus the FOMC meeting Wednesday will lead to high volatility this week.

 

I can’t wait…LOL , I wish the fed would
take a long vacation…

 

Up $40 so far today on the slightly-lower than expected inflation number today.

Let's see how much of it holds if the Fed decides to hammer the markets tomorrow at 2:30 PM.

 

Stock market was up big this morning !
things have cooled a bit though, it would
be refreshing to keep interest levels in
check, and not increase, but we will just
have to see…

 

Expectations are that the Fed Funds rate is going up to at least 4.50%, and probably closer to 5%.

 

Interesting....stock market sold off and gave up 80% of gains but gold held onto 75% of the early-AM pop.

Probably nothing, but shows you gold has bidders underneath.

 

Good answer in my opinion, as I've acquired several publications all stating GREYSHEET publication, covering dealer wholesale pricing, collector market pricing, CAC pricing ....

The document purchase prices are occasionally listed, with a price of $15 to unlisted where you may need a new mortgage loan.

Regardless, the prices on Gold U.S. coins listed don't generally reflect/appear compatible with either wholesale or retail pricing.

I don't bother looking at Silver coins any longer, as all I know is, if you as a buyer produce a publication, you'll have a good laugh for the seller.

JMHO

 

Giving equal time to the bearish argument....

"Credit Suisse on Thursday lowered its 2023 forecast for gold prices by 8.5% to US$1,650 per ounce as it sees the price of the metal partially supported by safe-haven buying even as rising interest rates bite into demand."

 

RBC's year-end gold valuation charts, commentary, ratios, etc.

Gold's average price is up 8 straight years in a row !

 

.02 percent whoopee... but its up

 

Gold up 4th straight day....highest level since June.

Baby steps.....

 

Where is the Ceiling.. baby steps without holding on

 

I'm not an "investor" in gold...I buy my coins which are a separate issue (though tied to them depending on the level of numismatic premium)...I buy some coins and bars here-and-there.....and where gold goes it goes.

When gold DOES move....it'll move in big jumps, IMO. I don't think it will be a multi-year rise like from 2000-2011 when gold went up 6-fold. I think you'll have a couple of $100-plus daily moves to the upside.

If anybody is LOOKING to make a big purchase of gold in a few years, maybe best to accelerate it a bit...but no, I would not time it as I don't know if the launch date is next month...next year...or 5 years from now.

 

Gold up $32 today on strong employment growth but slowing wage boosts.

$1,872....let's see if we can get back over $1,900 in a few days or weeks.

 

Odd, the increase in price isn't reflected in gold mining companies stock, making me wonder if it's mainly the prediction so far. Jim