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

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

  1. GoldFinger1969

    GoldFinger1969 Well-Known Member

    IF the market crashes, gold will get hit in any liquidation. Only Treasury Bonds and similar assets will move up.

    Eventually.....gold will rise if things are bad, falling stock price or inflation.
    yakpoo likes this.
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  3. yakpoo

    yakpoo Member

    Gold is less than $100 away from a new all-time high. I wonder how long it will take.
  4. GoldFinger1969

    GoldFinger1969 Well-Known Member

    In a few months or something, you're gonna see gold up $200 in 1 day...lots of headlines....it'll carry further....that will be the time to SELL.

    slackaction1 likes this.
  5. Rono

    Rono Senior Member

    Howdy folks,

    I really don't have any clue where the POG and POS will head in the near term. I look at precious metals as a core holding in anyone's wealth portfolio. By core holding, I'm talking 3-10% depending on your own views. I see this as an investment. More than this is speculation. Investment vs. Speculation? Different but both good in their own place.

    The biggest thing pushing prices higher is geopolitical uncertainty amid the pandemic. This leads to believe that the only direction is probably up at this point in time. Accordingly, I added to my Speculative holdings early on and continue to do so. I've got my stash, so most of my spec play is with the junior silver miners. You can do this with ETFs such as SILJ or GDXJ or you can play the individual stocks listed at kitco. I've always found the greatest leverage was with silver and particularly the junior miners. That said, they are not for the feint at heart as they can easily move 10% in a day.j

    and so it goes,


    GoldFinger1969 likes this.
  6. Brian Calvert

    Brian Calvert Active Member

    Has nothing to do with Coins. Everything to do with the disastrous Economy, Printing, Absurdly Low Interest rates. Problem is that they can no longer reverse this course. You wont see 5% or higher rates again unless there is a Jubilee and all the debt wiped away.

    There is too much Debt and Printing for things to Normalize. The FED knows it, most honest economist know it, even the "investment guru's" know it. Yet they can't tell you the truth. They need your money to keep their pay checks. Yes, there are a handful of stocks that do well and will continue too. Gold, Silver, Medical, and some tech. 20% of the SP500 are Zombie corps. (yes, it is true). They must continue to borrow to stay in business. Would the FED and Politicians allow 20% to bankrupt ? Nope, so they bail them out with ever growing debt.

    So here we are, put your money in the Market and Pray it stays up due to Inflated values and deflation. put your money in the bank where it gets 0.20% interest and can be used by the Government in the bail In. (which by the way, the faux FDIC 250K Insurance is a joke at best) What will they do, print trillions more and give it to you ? They only have 3% of the money saved if the banks failed.
    or your last Option, buy Gold and Silver which are the only 2 real MONEY"S in the World.

    Fiat is doomed.

    Gold and Silver will continue to climb. We should get a blow off top in Silver at some point like 2012. 80$ - 300$ hard too call. The Rich buy Gold and they are now asking for the LONG CONTRACTS on the COMEX to be filled. (taking delivery) 170M Tonnes this past month. The price has stayed low for a long time as bankers are trying to keep it low. They dont want you too save, then want you too spend.
  7. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Brian, you're too apocalyptic, IMO. This isn't Weimar Germany with the currency being debased daily.
  8. fretboard

    fretboard Defender of Old Coinage!

    Yep! Exciting times for sure, it may take awhile but we'll see! :D
  9. Mr.Q

    Mr.Q Well-Known Member

    Gold is like a box of chocolates you never know what your gonna get, gold is what gold does need I say anymore! Up, up, down, up, up, down and so on.
  10. CaptHenway

    CaptHenway Survivor

    When I worked in a coin shop and people asked me what gold was going to do, I would look them in the eye and state with absolute certainty that gold was going to go up and down at random intervals.
    GoldFinger1969 and -jeffB like this.
  11. Gilbert

    Gilbert Part time collector Supporter

    Exactly! And when FED Chair Powell was questioned about the low interest rates he responded that people should be satisfied that the value of their house and retirement account was rising. What a crock!
  12. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I don't think he said that.
  13. Brian Calvert

    Brian Calvert Active Member

    Could be... I would rather prepare for a maybe and know I am covered vs chasing...
    I dont trust any of the media to tell us the truth. None of what you see on youtube, FED, Banking, Printing, CDO's, wallstreet, Zombie Corps. and so so much more is hidden for 90% of the population. They literally have no clue how things are manipulated now. Even my wife who loves TV, Kardashian's, New York HOusewives, Big Brother, Home Flipping, and all that other stuff that is popular knew of it. Of course she has to live with me... So many things I tell her she says "no way, that cant be true" and then I show her the proof.
    Like the 2% FDIC... what good is bank account insurance if the Insurer doesn't have the Money ? It is for the PUBLIC RELATIONS... Basically a lie to Americans to sooth their worry's. I hope you are right...

    There is too many telling the TRUTH or close too it as we can expect on youtube vs ALL THE NEWS MEDIA which tells us nothing, It is best to be fully informed. One can only prepare.

    George Gammon, Perter Schiff, Max Keiser, and reluctant Preppers all have good speech, and many have Great guest speakers... Use them all and come up with your own synopsis.
    GoldFinger1969 likes this.
  14. GoldFinger1969

    GoldFinger1969 Well-Known Member

    CNBC, Fox Business, Fox News, Bloomberg TV....plenty of good online sources.

    It doesn't matter if the others lie, the laws of finance and economics dictate. Google the term "Bond Market Vigilantes."

    The insurer HAS the money...the FDIC is backed up by the U.S. Government which owns the Bureau of Engraving & Printing. :D

    What does it matter if YOU are right if you're dead and the apocalypse happens in 100 years ?

    Elon Musk said his stock was overpriced at $1,000 a share. It's now knocking on $1,500 less than a month later. :wideyed: :yack:

    Listen to them, but don't necessarily ACT on their advice. They are ALREADY rich.....it doesn't matter if they miss out on the next 3 bull markets.

    Does it matter to YOU ???
  15. FryDaddyJr

    FryDaddyJr Junior Member

    Fox news...LOL
  16. WoodyWW

    WoodyWW Junior Member

    This from the July 10 BARRON'S: "An “uneven recovery” lies ahead for commodities, but Goldman Sachs analysts are more confident than ever that gold will hit $2,000 an ounce."

    And: "“Go long copper, silver and steel and stay long gold,” was their advice for investors, favoring copper as the most exposed commodity to the investment-driven Chinese recovery. Silver stands to benefit from ongoing demand among investors for safe haven assets, as well as the Chinese industrial recovery, they said."

    Lastly, I believe gold will continue to rise b/c I sold 2 of my gold coins (that I'd had since the 1970's!) last Fall when gold was around $1460. Every extra $100 it rises is like "rubbing it in" for me. (I'm Partly kidding of course, but it "feels" true).

    Then there's the almost bizarre array of disfunction in the US. Add a world-wide pandemic to that, & almost total mishandling of the pandemic in some areas, and.....people get fearful.....
    GoldFinger1969 likes this.
  17. GoldFinger1969

    GoldFinger1969 Well-Known Member

    $1,840 today..... couple of guys on CNBC looking for 10% moves by year-end, Goldman Sachs upped their PT.
  18. Bman33

    Bman33 Well-Known Member

    I bought most of my stash at $1,200-$1,300 but I think the stuff is just going to keep going up for a few more months. When to sell will be tricky. If you are in it for years don't worry but if you are looking to take profits sell before the election. My opinion only but seems to be what others around me are thinking too.
  19. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    You can add CNN, CNBC and every other news, propaganda is probably a better term, network.
    GoldFinger1969 likes this.
  20. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    If you're trying to time the top you're probably going to be disappointed.

    I've been selling into the rise since $1500...profit is profit...and I still have plenty to sell. At this point every piece of gold I have left has an average cost per ounce of just under $300
  21. GoldFinger1969

    GoldFinger1969 Well-Known Member

    $1,900 on Friday......:D
    fretboard likes this.
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