How long 'til gold drops below $1200 again?

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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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?!

 

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.

 

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.

 

Penny for your thoughts ?

okay, a well circulated 2018 P penny.

 

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

 

Predictions: $50

Thoughts: $100

 

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.

 

Do you take BitCoin ?

 

BitCoins can only be used for fortune cookies.

Chris

 

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.

 

Awesome!

 

Started to do some photoshopping on the headline...

 

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.

 

Great deals on those sovereigns.

 

I want THAT store's address!

 

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.

 

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.

 

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.