Poll: How LOW goes Gold in 2015?

Discussion in 'Bullion Investing' started by Del Pinto, May 4, 2015.

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Best guess, the lowest London Spot price for Gold in 2015 will be...

Poll closed May 25, 2015.
  1. USD$ 1147.25

    1 vote(s)
    3.8%
  2. 1147-1130

    4 vote(s)
    15.4%
  3. 1130-1101

    6 vote(s)
    23.1%
  4. 1100-1051

    6 vote(s)
    23.1%
  5. 1050-1001

    5 vote(s)
    19.2%
  6. 1000-900

    1 vote(s)
    3.8%
  7. Below $900

    3 vote(s)
    11.5%
  1. Del Pinto

    Del Pinto Active Member

    Gold hit USD $1,147.25 in mid March, how low will it go this year, 2015?
     
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  3. rickmp

    rickmp Frequently flatulent.

    I'm guessing somewhere around $100.00 for a bottom. Yes, I wrote $100.00.
     
  4. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Just low enough to keep the US Dollar from looking like it needs to be dumped.
     
  5. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Why do I care what they pay for it in London? Do they have any gold mines there?

    Chris:woot::woot::woot::woot::woot::woot::woot::woot:
     
  6. Ed23

    Ed23 Active Member

    It could be you're asking the wrong question since gold is climbing today. In fact going up an additional $12+ since closing in NY. Wouldn't it be nice if our guesses were wrong?
     
  7. Soapy Smith

    Soapy Smith New Member

    Depending on who you ask, gold costs about $1,100 an ounce to produce. I think it's currently within a "buy" range and it's hovering about as low as it's going to go.
     
  8. silverbullion

    silverbullion Active Member

    Right on.
     
  9. Del Pinto

    Del Pinto Active Member

    19 votes so far.
    London sets Spot.
    It's not possibly "the wrong question" because all possibilities are included in the voting options.

    WHEN, what month(s) the lows tend to appear : fwiw in the last 20 annuals of sideways/down markets, Gold hit lows November-February in 10 years; in 6/7 years, lows were hit June-Sept (double lows counted): May-July, 5 times in the past decade.

    It's statistically reasonable to look for a Summer Low.
     
    Last edited: May 5, 2015
  10. Walking Sterling Silver

    Walking Sterling Silver 16 Years Old and Love to Learn

    If I get lucky it'll completely crash and hit silver prices and I'll be able to quickly snatch up some gold rounds!
     
    silverbullion likes this.
  11. silverbullion

    silverbullion Active Member

    lol Now you're talking.
     
  12. Del Pinto

    Del Pinto Active Member

    Better prices in June? I suppose 'uncertainty' (Greece, Eurozone crises) could be bullish for Gold however.

    See 40 Year Chart, 1973-2013. Please note if 2015 March lows (USD$ 1150-1147.25, -2.22% decline) turn out to be the annual Low, that would also be consistent with this chart.

    [​IMG]
     
    Last edited: May 6, 2015
  13. westcoasting

    westcoasting Active Member

    I'll guess somewhere above $1,100. Would like to see sub $1,000 though, but, never know what the Fed will hint at (rate hikes or more QE?).
     
    Last edited: May 9, 2015
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