if gold do not up said $1,200.00 to $1,350.00. then the gold will not down so much too. may i ask you guys. if gold have been up to the point that so many analyst predicted. $1,350.00, $2,000.00, $5,000.00 and so on. no. not yet. right?. so how can gold bubble?.
Reminds me of the old old saying in regards to markets and the like: "The market will remain irrational longer than you or I can remain solvent"
My Father once told me... "Never underestimate a Democrat's desire to be loved" ...meaning, you can bet the ranch that interest rates will stay low through the 2010 mid-term elections. Conversely, gold won't correct significantly before then, either...(personal opinion). June 2010 might be a good time to start taking a little off the table.
Yeah, yeah. Gold be bumpin up and up!! I predicted a few weeks back that it was gonna hit $1050 by December. Hey now, it's already there so now my new prediction is it will be $1150 by December!! Gold be bumpin' yeah, yeah!! Hey I could make a rap song out of this if I wasn't an old geezer!! Gold Price Change due to Weakening of US Dollar +4.20 Gold Price Change due to Predominant Buying +6.50 Gold Price: Total Change +10.70
palladium is the best. it up 89.1% since dec 31,2008. current high at $346.00. silver is the second best. it up 68.0% at $18.13. platinum up 54.0% at $1,383.00 gold up 22.2% at $1,071.80 per ounce. all time record high for gold.
i see gold hit $1,200.00 and silver $20.50 within two months. that is my prediction. next year it will be even better.
Anyone catch this story end of last week. I forgot to post a link to it since I was away over the weekend. Harrods put Swiss gold bars uo for sale in a miniature vault "For a start, it weighs nearly two stone. And second, it will cost nearly £300,000. The Knightsbridge department store yesterday began selling bars of pure Swiss gold bullion as part of a range that is being displayed in a miniature vault on the lower ground floor."
gold right now bid $1,060.50 ask $1,061.50. it looks like it will follow stocks moving higher and higher.
can we compare s & p and gold?. below one year from oct 2008 to oct 2009: s & p --- high 1,101.36, low 666.79 gold -----high 1,071.80. low 713.50
It's been a week since you posted this...and you're wrong (again) on both gold and stocks. One thing I notice about your posts on predicting prices is that you generally don't give any reasons why gold should go up..just that it's going to. While it's nice to wave the Pom-Poms, at least half the time market may not care. Let's see what the experts say: 13 of 23 traders, investors and analysts surveyed by Bloomberg today predict gold will decline next week (Nov 2-6) due to a strengthening dollar. 7 say gold will rise and 3 are neutral. The good news over the longer run (next 1-3 years) is that precious metal prices are likely to rise due to increasing inflation, a weakening dollar and net buying by investors, pension funds,and central banks.