Next Level: GOLD $1,350.00

CURRENTLY:In UK/EU markets...

GOLD: $1,257.70
Silver: $18.93

Platinum: $1574
Palladium: $485​

US market opens in 30 minutes...
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What nice prices to wake up to this morning!

 

for Elaine from CNN.com: Central banks join gold rush [6/17/2010]

The full article is at the link above.

 

Looks like silver broke the $19 barrier.....

 

I wont sell silver untill she hits $35 and gold got to be over $2000

 

I suppose the question that I'd like to debate is, will the prices ever tumble?

If countries are buying up gold year after year, it's only a matter of time the little guy, or as BP likes to call us, "small people", can afford what's left...

 

CURRENTLY: After the US market opening...

GOLD: $1,258.70 High so far $1,259.40
Silver: $19.13 -- High so far $19.16

Platinum: $1581
Palladium: $488​

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CURRENTLY:

GOLD: $1,259.0 -- High so far $1,260.40
Silver: $19.15 -- High so far $19.17

 

I don't even care how PM's perform today, if it can just end with what the prices are right now, I would be thrilled!!

 

gold high - 1,263.50 per ounce

 

pom-pom! rah! rah!

 

CURRENTLY:

GOLD: $1,259.40 -- High so far $1,263.50
Silver: $19.23 -- High so far $19.30

 

Is $1263 the new high? Have we made a new high today?

 

this year

 

$1,263.50 per ounce is an all time record high. but this year it could reach a high of around $1,500.00. and next year a high at $1,800.00 to $2,000.00. krispy like this one. right?. my prediction is far more lower than others. some predicted $5,000.00, $7,000.00 and even $10,000.00. i think my sweet sweet dearest krispy is predicting at only $1,250.00 per ounce. krispy is a very conservative guy. that is why i like him very very much.........

 

Adjust for inflation based on past performance and we haven't had an 'all time record high' yet. It's a matter of perspective or calculation and today's high IS the high for THIS year, as stated previously.

I think my sugar coated sweetie needs to re-read the past thread posts and pay more attention to my earlier guesstimates... "Conservative"? Mmmaybe. Disciplined and not easily swayed by cheer leaders of flashy headlines of huge price speculation, definitely.

Oh! and do drop in more often elaine, there's lots going on besides a momentary high-- some might equate that with being like an addict. Metaphorically speaking, you can only be high for so long before you have to come back down to reality.

 

IMHO if gold does go down I don't think it will ever drop to under $900 again. Of course I have nothing to base my opinion on except the opinions of others I talk to which are just "small people" like that idiot from BP said!! Arghh!!

The feeling is that there are way more ppl buying gold than ever before plus there is no mining for the US or extremely minimal, private prospectors at the river maybe. Gold was undervalued for way too long and now it's just balancing out and making it's true value appearance. That's what alot of the "small ppl" think and it's supposed to go up within the next year to $1500 and maybe higher. I will reserve my high prediction tho, just so I don't get verbally pounded upon.

 

elaine: So is this theory holding up? Not sure where it came from or why it surfaced in this thread to begin with

CURRENTLY:

GOLD: $1,257.80 -- High today $1,263.50
Silver: $19.19 -- High today $19.30

Platinum: $1595 -- High today $1,597
Palladium: $493 -- High today $497
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If there's one thing you are not short of elaine, it's shifting speculation. And if there's one thing I'm sure of, it's your inaccurate timing of providing pricing speculation on PMs as they usually coincide with peak days in the metals markets, just like the new one you posted today!

It was just a few days ago on 6/15/2010 when you predicted "gold will easily surpass $1,300 with $1,500 a realistic possibility." only to end that post agreeing with Patrick Heller's prediction for $2,300 long term, offering no time frame for the "long term"... So that might as well be a year, five, ten or more years until the price naturally lands there... Sure doesn't give much support to accurate nor reasoned prediction, which is sort of like your infamous original post in this thread on 9/11/2009 calling for $1,350 by the end of 2009. We've yet to see that speculation develop, now nine months later, and well into 2010.

 

Well folks, we closed gold at 1256.50 and silver at $19.17...

That is absolutely FANTABULOUS!!!!!