Next Level: GOLD $1,350.00

there are very good . when the printing press up in any country starts up.
your dollar or my euro is has not the same value as it has. in the long term
were all trying to print our way out.
Its not going to work. good night all that is just mop.
dont forget silver the poor mans gold

 

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I was disappointed in silver recently but it seems to be waking up now...let's hope it doesn't crash...it took forever to reach $19 bucks!

 

I really don't think it took that long. Silver was just breaking $16 in late February of this year.

When asked, I stated this about silver (in this thread) earlier in the year, "we'll see $18 - $21/oz. by years end, the base being towards the lower figure." 2/23/2010: post #1500

 

CURRENTLY: In Asian markets...

GOLD: $1,228.50
Silver: $19.30

 

GOLD HIGH - $1,245.70/oz.
SILVER HIGH - $19.66/oz.

 

since dec.31,2009:

as of this writing:
palladium up 36.4% - ($393.00 to $536.00)
platinum up 16.7% - (1,461.00 to $1,705.00)
silver up 15.1% - ($16.99 to 19.56)
gold up 14.1% - ($1,087.50 to $1,240.60)

High for the day:
gold - $1,245.70/oz.
silver - $19.66/oz.

 

2010 lowest----------may 7 (fri) Greece crises low--------2010 highest:

gold------$1,042.50------------$1,156.20-----------------$1,245.70
silver--------$14.62---------------$17.05--------------------$19.66
platinum--$1,445.00------------$1,619.00-----------------$1,758.00
palladium---$385.00--------------$481.00-------------------$574.00

 

CURRENTLY: In UK/EU markets...

GOLD: $1,239.40
Silver: $19.56

Platinum: $1,714

Palladium: $540

US Market opening in 20 minutes
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the gold keep moving up. but then it doesn't affect me. i don't make money on that. because my gold were all collector's items. those were already place in a very much higher price. unless the collector's items move up. and it might.

silver is another thing. half of it were bullion related.

overall. stock market is better. specially the gold stocks.

 

CURRENTLY: At the US market open...

GOLD: $1,240.60
Silver: $19.52

Platinum: $1,717

Palladium: $542​

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CURRENTLY:

GOLD: $1,238.90
Silver: $19.49

Platinum: $1,715

Palladium: $542​

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Good guess.I think the important thing for everyone to remember is that this is a bull market for precious metals. Bull markets tend to go higher and last longer than anyone could imagine before they began.

 

Thank you. While I did get lucky with my guess made earlier in the year. I think it helps to underscore how the differences in price shifts are not that far off as it may at first seem due to the inherent volatility of PMs and/or the factors that define the market current price at any given moment. That is also why I feel it's good practice to buy with caution, but to buy none the less as you go forward, and even more important to seize on a buying opportunity when you are fortunate enough to buy on a dip. My guess materialized sooner than others is all but thank you for your related comments on this aspect.

 

CURRENTLY:

GOLD: $1,235.80
Silver: $19.42

Platinum: $1,709

Palladium: $541​

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Everyone should remember that buying the dips will work very well right up until the day when it stops working completly. This is how is played out with tech stocks in the 90s. It is extraordinarily difficult to recognize the top until well after the event. Right now, it is tempting to sell silver and gold to take the profit, so it is probably more correct to hold it. When the day comes when it is tempting to hold no matter what because the profits are coming easily, it might be time to sell. I don't think we are there yet, but it's only a guess.

 

I agree with that except for using the comparison to the tech sector bubble you're referencing. Certainly a bubble in commodities can occur and a time to sell may/will come when one shouldn't hold PMs nor continue to buy them. I understand that caution, but I am curious with PMs how even if that happens, there remains a value in PMs where as tech stocks mostly went belly-up and all was lost. Never say never of course, but if we use the past history of commodities, even though they suffered large decreases they've held some degree of value, climbed back and are not worthless as some tech stocks were. Unless PMs are rendered useless as a store of value and humanity abandons PMs entirely they will likely continue to hold value. How do you see this?

 

CURRENTLY:

GOLD: $1,237
Silver: $19.49

Platinum: $1,712

Palladium: $543​

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Nothing in the news about this gold bull....but as soon as the DOW is up by 1 point it makes headlines...

 

Elaine seems to think so too.:smile

CURRENTLY:

GOLD: $1,238.70
Silver: $19.56

Platinum: $1,719

Palladium: $548​

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i am now concentrate on these gold funds. no more gold coins for me. now i will stick to the gold forum instead of CT.

GLD
$SGOL.IV
IAU