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<p>[QUOTE="Team Maf, post: 949666, member: 26404"]Predictions for next week 7/19----</p><p><br /></p><p>-Gold to get back up to 1220,</p><p>-18.5 for silver.</p><p>-The big 3 in the stocks looking choppy as hell, probably with more declines back below 10,000..maybe even down to 9500. If this happens along with the USD taking a hit id imagine gold could bust 1230 or higher depending on how strong things are happening. Dow lost 260 on friday alone, whilst it takes 1 step forward it takes like 4-5 back. Takes all week or 2 weeks to regain 1000 points whilst it takes a few days to decline it again.</p><p><br /></p><p>Other thoughts:</p><p><br /></p><p>I think as of now Gold is coasting along, because everything else is doing the same, but if the economy were to take a turn for the worse, along with other countries that have their hands in USD,PM's may rocket up quicker than we are use to seeing.</p><p><br /></p><p>Look at the 5 year chart for Dow Jones on Etrade:</p><p><a href="http://tinyurl.com/28newxj" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://tinyurl.com/28newxj" rel="nofollow">http://tinyurl.com/28newxj</a></p><p><br /></p><p>IDK about the rest of you but that graph looks bad. All the money that is being spent to retain things isn't even keeping the outlook looking positive. Almost like its running out of gas or steam. And you do not have to be a rocket scientist to notice this.[/QUOTE]</p><p><br /></p>
[QUOTE="Team Maf, post: 949666, member: 26404"]Predictions for next week 7/19---- -Gold to get back up to 1220, -18.5 for silver. -The big 3 in the stocks looking choppy as hell, probably with more declines back below 10,000..maybe even down to 9500. If this happens along with the USD taking a hit id imagine gold could bust 1230 or higher depending on how strong things are happening. Dow lost 260 on friday alone, whilst it takes 1 step forward it takes like 4-5 back. Takes all week or 2 weeks to regain 1000 points whilst it takes a few days to decline it again. Other thoughts: I think as of now Gold is coasting along, because everything else is doing the same, but if the economy were to take a turn for the worse, along with other countries that have their hands in USD,PM's may rocket up quicker than we are use to seeing. Look at the 5 year chart for Dow Jones on Etrade: [url]http://tinyurl.com/28newxj[/url] IDK about the rest of you but that graph looks bad. All the money that is being spent to retain things isn't even keeping the outlook looking positive. Almost like its running out of gas or steam. And you do not have to be a rocket scientist to notice this.[/QUOTE]
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Forecasting Precious Metals: Information, outlooks and speculation here.
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