How long 'til gold drops below $1200 again?

Discussion in 'Bullion Investing' started by myownprivy, Jan 8, 2018.

  1. Don P

    Don P Active Member

    I've been listening to a lot of financial shows and it seems like if gold breaks $1380, then it can go higher and test $1500. But $1380 looks like point of most resistance.
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  3. myownprivy

    myownprivy Active Member

    Care to expand on that with a link or some other more in-depth explanation of why someone thinks that? That seems awfully arbitrary. How is $1380 some magic number that will lead to even higher prices?!
  4. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    Yup, if you want something with a nation’s name on it, and you want it near melt, you’re going to have to shop the secondary market very carefully.
  5. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    ALL specific numbers are arbitrary, especially since gold is denominated in virtually every major world currency. For example, right now gold is dancing around a VERY round number, €1100.
  6. Clawcoins

    Clawcoins Well-Known Member

    Penny for your thoughts ?

    okay, a well circulated 2018 P penny. :)
  7. Clawcoins

    Clawcoins Well-Known Member

    I haven't seen said chart. But normally they use technical stock analysis theories which lacks detail fundamentals.
  8. cpm9ball

    cpm9ball Cannot Re-Member

    Predictions: $50

    Thoughts: $100
    Garlicus, Clawcoins and spirityoda like this.
  9. sakata

    sakata Devil's Advocate

    Then don't buy anything minted by the government. Sovereigns are my recommendation. The mint value of them as I type is $310. You should be able to get them for $325 if you look around.
    spirityoda likes this.
  10. Clawcoins

    Clawcoins Well-Known Member

    Do you take BitCoin ?
  11. cpm9ball

    cpm9ball Cannot Re-Member

    BitCoins can only be used for fortune cookies.

    Adam34falcon likes this.
  12. Clawcoins

    Clawcoins Well-Known Member

    gold was down 9 cents today. Another 1,311 days of that and we'll be at 1199.99 !!
    Just hold on to your bootstraps for the crazy ride.
    dwhiz and sakata like this.
  13. Kentucky

    Kentucky Supporter! Supporter

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  14. Nathan401

    Nathan401 Supporter! Supporter

    Kentucky likes this.
  15. Kentucky

    Kentucky Supporter! Supporter

    Started to do some photoshopping on the headline...
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  16. TheMont

    TheMont Well-Known Member

    Had some Christmas money: bought a Proof half sovereign in one store for $160, bought a Proof Sovereign in another for $320, and bought two $2.50 Indians for $300 in a third store. I'm a Happy Camper.
  17. sakata

    sakata Devil's Advocate

    Great deals on those sovereigns.
  18. -jeffB

    -jeffB Greshams LEO Supporter

    I want THAT store's address!
  19. Bman33

    Bman33 Well-Known Member

    I have been craving gold lately too. I have purchased 4 fractional gold coins in the last month. I was wanting to get full ounces but like a few it seems a bit high. Luckily all the gold coins were on sale so I didn't get killed on the fractional premiums too bad. I am wanting some AGE's. I may just take the plunge this week.
  20. Santinidollar

    Santinidollar Supporter! Supporter

    Gold is partially tied to the dollar. A year ago, a euro could be bought for $1.06. It has since weakened to about $1.20.
  21. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    From what I'm hearing from PBS and NPR, the past year's change is more about the euro re-strengthening against other world currencies, more than the dollar weakening. 2017 was the year of the euro in foreign exchange.
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