Next Level: GOLD $1,350.00

gold to $1,350.00 in march.

http://numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=9355

 

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Let's hope he's right. I like the last part in the NOTE section...

 

There is nothing in Mike Maloney's bio that makes me think he is qualified to forecast $15k gold with any particular accuracy. He doesn't appear to have any money management experience at all, and is primarily an educator, salesman, and writer.

 

Gold prices depends on the value of the us dollar.So far this week the dollar is on the down side. We need countries to go back on the gold standard then gold will go up.

 

Two points:

1. Even though I like gold a lot, and consider it to be money, there will never be a gold standard again during the lifetime of anyone here.

2. If we had a gold standard, gold wouldn't go up. It would stay flat since the dollar would equal a fixed quantity of gold.

 

If we accept that the price of gold has some relationship to dollar weakness and political instability, I have no desire to see gold go extremely high. $15,000 gold and $100 bread doesn't sound good to me. Even if I had a garage full of the stuff (and the goon squad needed to guard it) what kind of a world is it if I have to watch many of my fellow human beings starve to death?

I buy gold, and I have been for years. I will always buy it. But when the price goes down, I am delighted. If you lived through the 70s you know what I mean. The price of gold going down was a good thing.

 

Personally, I think the market is setting itself up for another major crash. A lot of experts seem to think so. Read some current commodities news.

 

Copper looks a little ill, but gold seems to be holding up pretty well. If equities do go down, it may take gold with it, as it did the last time, but nobody knows for sure. If it does, it's a buying opportunity, unless of course all the dealers tell us it's now in "short supply" .

 

I agree with these sentiments. If gold were at $2000, what would happen to the dollar? Think of the U.S. ten years ago when gold was around $300, the budget was balanced, pax Americana prevailed, gas was cheap, employment was high, discontent was low, etc..

If Israel launches an unprovoked attack on Iran, if China backs away substantially from U.S. bonds and other debt financing, if a terrorist attack occurs in the West with casualties in the multiple thousands, gold would skyrocket, but at what cost? I think of the humble prophet Jonah who had warned Ninevah that it was going down, and patiently waited for apocalyptic judgment, or the protagonist in Moby Dick, who sees all of his ship mates go to a watery grave, while he alone survived to tell the tale. There is a poetic, almost narcissistic glee for those who survive calamities, but in real life the human sorrow far outweighs such experiences.

 

Looks like you didn't miss your opportunity after all.

Gold $1108
Silver $16.32

 

I don`t know if it`s gonna be a major crash, but I sure as h... see some implications in the direction of a correction in the market.

The question for me is in witch year the president is going to present a balanced budget.

 

I just wrote it down, Now what!

 

A true market crash is a very low probability event. When many analysts expect it, the probability becomes even lower.

 

The last two days the dollar has been gaining value. The market atmosphere and volume points to a higher Dow Jones and S&P. Commodities are taking a hit. Except oil and PM's which I think aren't really controllable commodities as are soy beans and sugar etc. But hang on for a speed bump coming up and take it slowly. THEN watch out. Sliver to gold ratio will decrease but they will both climb $25 and $200 respectively. Only MHO. I sure hope I understand what Iam reading and hearing from some very savy CEO's and investors in PM's. Stay long on silver and gold.
Isure hope I'm right because I cannot afford to lose my shirt. zeke

 

Regarding these two statements...

The dollar index is up because the Euro has problems. So the dollar is up relative to the index, but probably not up in absolute terms of purchasing power.

If you can't afford to lose, investing in gold and silver is the wrong course of action. I like both metals a lot, but they are not suitable for investors who can't afford a dollar loss.

 

Currently:

Gold @ $1,098.60/oz.

Silver @ $16.15/oz.

 

This is quite a roller coaster.....

 

http://finance.yahoo.com/q/ta?s=GLD&t=1y&l=on&z=m&q=b&p=m200&a=v&c=

Using GLD as a proxy for gold, I think the gold price is just in another basing pattern in preparation for the next leg up. It moves up on high volume and down on low volume, a very good sign. Time will tell whether it completes a double bottom pattern or breaks down from here [for those here interested in technical analysis].

 

Wow, huge drop??
Or am I just seeing spots?

 

2%. Depends on what your definition of "huge" is.