Will the Price of Gold Stay Above $1750 for Two Full Weeks?

Discussion in 'Bullion Investing' started by fretboard, Jun 29, 2020.

  1. fretboard

    fretboard Defender of Old Coinage!

    What do you think? Gold price seems to get higher and higher. You think these are the two weeks that are gonna show the world how big of a bull market we are in or is it too early for that??
     
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  3. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I would rather try to predict the weather!
     
  4. QuintupleSovereign

    QuintupleSovereign Well-Known Member

    Focus on the long term, IMHO. If the dollar is weighed down by US economic decline relative to China and other emerging markets, not to mention the mountains of unfunded state and local pension debt, that should be bullish for the dollar price of gold.
     
  5. furryfrog02

    furryfrog02 Well-Known Member

    It's gonna be hot for the next 2 weeks.
     
  6. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Bullion dealers are not your friends when they tell you to buy before the ( fill in the blanks) happens. If that was true, then why would they sell to you when they could keep it and make much more later? Because their margins are greater than they let on. They indicate they know what is going to happen and they do the opposite. It's a business and like car dealers and circus barkers they have a game. Jim
     
    Jeffjay, Tater and medoraman like this.
  7. Treashunt

    Treashunt The Other Frank

    Apparently not:

    today:
    Gold $1771.66/oz [​IMG] -0.68
     
  8. medoraman

    medoraman Supporter! Supporter

    I have NEVER understood this sales pitch. "Hi, I know exactly how you can make a ton of money. Its guaranteed, there is no way you can lose, just buy X from me....."
    Um, why the hell are you selling X if its "guaranteed to make money"? Are you a bleeping idiot, or just think I am one?

    Even if its not "buy X from me", and its "pay me X dollars for this "great" advice". Why are you selling the advice if its so good? Why not just shut your mouth so you profit even more from it? Are you Santa Claus and simply bypassing your own gains in order to make others money?

    I find it best to stand back and ask yourself these questions when you hear something from someone, especially when money is involved....
     
    baseball21 likes this.
  9. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I think the next $500 is HIGHER but I'm not sure about the next $100.
     
  10. Collecting Nut

    Collecting Nut Borderline Hoarder

    It goes up and it goes down.
     
    xCoin-Hoarder'92x likes this.
  11. chungt

    chungt Member

    No one knows. But it is my feeling that gold will reach at least $2000 by end of next year. There’s clearly support for gold at $1750. It is getting closer to $1800 than it is to $1700.
     
  12. fretboard

    fretboard Defender of Old Coinage!

    Yep, actually if I was giving out a prize you would have won it! laughhard.gif
     
  13. fretboard

    fretboard Defender of Old Coinage!

    Since June 20th the pog has hit over $1750, just 4 more days to go!! :D We'll see if it holds over $1750, maybe not this time but one of these times when the pog surpasses $1750 for two weeks! Blamo, it's not gonna go below that price for a long, long time! Be prepared!! :D
     
    Last edited: Jun 30, 2020
  14. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Yes, the market doesn't like what it sees in the non-financial headlines and certain possible legislation and certain possible govt appointments.
     
  15. fretboard

    fretboard Defender of Old Coinage!

    Well the pog has definitely done exactly what I thought it would do and then some! It's traded at over $1750 for two weeks, I didn't know when it would happen but I thought it could and it did! Reminds me of "the little train that could!" :D At $1815 an oz. and change, what's next??!! You think it will drop anytime soon? Keep going to $1850? Drop soon and hard down to $1650? Here's what I think, it's purely a guess. Gold will stay where it's at for a few more days, then it will drop but not below $1750! I hope it does what I think it will but the pendulum of PM's has knocked me down plenty and sometimes, it's been brutal! :D I figure a guess is free and I got a fifty fifty chance at being right, so what the heckish?! :shame: Anyone else, care to guess???
     
    GoldFinger1969 likes this.
  16. Collecting Nut

    Collecting Nut Borderline Hoarder

    I can see no reason that gold would go down at this time.
     
  17. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I'm thinking we'll see over $2,000 sometime this year.
     
  18. fretboard

    fretboard Defender of Old Coinage!

    You might be right, that will definitely work for me! :D
     
    GoldFinger1969 likes this.
  19. chungt

    chungt Member

    I think it broke the $1800 barrier already. It was hovering just below and it finally punched through for good. I think the new low will be around $1600 and the new high will be in the mid or upper $2000. You have to keep in mind that gold is going up without market crash. Once the market crashes, gold will move up like crazy. For those of you that are saying gold and silver is too expensive now, you guys are shortsighted. I mean, no one knows what will happen but i think the current price could be the new low.
     
  20. -jeffB

    -jeffB Greshams LEO Supporter

  21. fretboard

    fretboard Defender of Old Coinage!

    Yep, I like that thought a lot! :D
     
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