Gold $1,020.00, Silver $21.00 can it be?.

Correct

DANR has most of the scenario correct. Watch the dollar, oil,and usually if those two are up metals will go down.
In this case we now have a new old thing to add to the fear factor. The soviets never went away, they filed for chapter 11 and we bailed them out . Oil and oil cooperation made them very well to do ,and now we get to play cold war games once again. They do not make threats,they carry out plans.
Many countries would rather be paid in Euro petro dollars then U.S. petro dollars. Some have already switched. If the dollar rises we will have more leverage with U.S. dollar when purchasing oil.
Now who can handle the reins of our country ?
The Dollar is 1.48 today vs Euro.
A strong energy policy will sink the metals but keep cash at home and create new jobs.
Gold will be 600.00 or 1500.00 depending on what happens
with the above.......

My opinion , I speak for myself only

 

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The sky is falling.....well, ok, only precious metal prices; but wow!!

 

wow

lowest prices so far were:

gold $774.90
silver $12.40
palladium $281.00 (not sure)
platinum $1,324.00 (not sure)

anyone with today's lowest prices for palladium and platinum?

 

gold rebounded

gold, silver, platinum and palladium rebounded big from recent low........

 

Rebounded big? Wrong again.



Nobody can predict gold. Nobody.

 

Looks like it's about time to buy silver again.

 

Some around here were saying the same thing when it was $14.

 

Commodities have been very volatile recently. Buying (and to a lesser extent selling) are wrought with risk right now -- if you can find someone to sell it to you as inventories are very low.

 

I agree.

 

time to buy or not

i think this is the time to buy. it will not immediately see profit. time will tell. example: people buying from $18.00 to $21.00 on silver. why not buy at $12.00 to $13.00. same true with gold and others.

 

I agree. However, I stopped by my favorite coin shop today and the owner said 'he' is doing more buying than selling. Weird. He said he sees this time after time - when the prices are falling the sellers come out of the woodwork. AS the market shifts and the prices start heading back up, the buyers replace the sellers. It's as if all of the logic of 'buy low, sell high' goes out the window and is replaced by 'it's getting high,need to buy now before it goes higher.'

On the other hand - this has been such a drastic drop so fast, none of the dealers seem willing to part with it as quickly as they did when it was higher. Usually they go 50 cents to a few dollars over spot for silver or gold. Right now it's running $50 to $80 over spot because 'that's what they're in it for & can't let it go'.

So ... that may be why more sellers than buyers. Just IMHO.

 

Old saying.....you don't sell in a falling market. People are making that mistake by selling their silver and gold in a falling market. Bad move.

 

Catching a falling knife?

 

I'd say sit on your hands. I may be a buyer if it goes down a lot more and settles in nicely.

 

I said "about" time to buy.

I would like to see it drop a little more, but don't want to miss it before it bounces back up. HMMMM, what to do, what to do???

 

Man...
ipulation? I think there is a divergance between paper-contracts and physical metals. They aren't any easier to find - if you look @ kitco.com they state "Due to market volatility and higher demand in the entire industry, we are anticipating delays in supply of all bullion products." This doesn't exactly add up... If prices fall, shouldnt that mean that there is extra supply?
Camino coin (a large coin company based in the san francisco area) has said for weeks that they are just about sold out... no 100ounce bars, no 90% bags of silver...
And this whole 'strong dollar' thing doesnt make sense to me... the euro loses value, (euro accounts for 30% of the dollar index) and the dollar index gains 5 points... its still at 77 compared to 120 just a few years back... this doesnt scream strong dollar to me.
there is still inflation, unrepayable amounts of debt and wars being faught. I wouldnt jump headfirst back into the everythings-ok pond just yet... despite what CNBC and marketwatch says. (CNBC has claimed the end of commodities several times in the last few years. *coughAGENDAcough*)

 

Camino coin is not much of an indication of the world wide gold market. Anyway sellers will loosen up on inventory when they see that this move is for real.