zPrediction : Gold prices could reach $2,000 by the end of the year, strategist says

MsMorrisineMsMorrisine Posts: 23,353 ✭✭✭✭✭
edited July 25, 2019 12:26PM in Precious Metals
  • Gold prices are set to “reach $2,000 by the end of the year,” predicts David Roche, president and global strategist at London-based Independent Strategy.
  • Roche recommends investors hold gold in their portfolios, alongside some European fixed income and U.S. Treasuries.

https://www.cnbc.com/2019/07/08/gold-prices-could-reach-2000-by-the-end-of-the-year-strategist.html

maybe it is time to sell.......

Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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Comments

  • rickoricko Posts: 69,503 ✭✭✭✭✭

    I will keep watching...my stacks came much, much cheaper....Transactions now are, IMO, not wise...That is just my opinion... Cheers, RickO

  • MsMorrisineMsMorrisine Posts: 23,353 ✭✭✭✭✭

    that's a take on the call being a contrary indicator. it's a somewhat cynical view on pundit price calling.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • jmski52jmski52 Posts: 19,828 ✭✭✭✭✭

    European fixed income???????? That's almost like double secret probation!!!

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 15,840 ✭✭✭✭✭

    Would be great if the GSR ever went back to 50.


    Excuses are tools of the ignorant
    Knowledge is the enemy of fear
  • OPAOPA Posts: 15,775 ✭✭✭✭✭
    edited July 22, 2019 12:51PM

    Interesting....on the other hand....kitco is predicting something else.

    https://www.kitco.com/news/2019-07-22/Gold-s-Next-Rally-Will-See-1-500-Levels-But-Not-Until-End-Of-2020-Says-ABN-AMRO.html

    I can't believe that all those fortune tellers actually earn a living predicting PM movements. :p

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • MsMorrisineMsMorrisine Posts: 23,353 ✭✭✭✭✭

    Which one is truly the psychic

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 27,428 ✭✭✭✭✭

    Predicting gold prices is as simple as predicting confidence in the money printers and the national money spenders.

    “We can ignore reality, but we cannot ignore the consequences of ignoring reality.” – Ayn Rand

  • blitzdudeblitzdude Posts: 1,885 ✭✭✭✭✭

    Yeah golds going to $2K ok think I'll buy some treasuries. Oh where do they find these people. lol

  • ARCOARCO Posts: 4,113 ✭✭✭✭✭

    @MsMorrisine said:

    • Gold prices are set to “reach $2,000 by the end of the year,” predicts David Roche, president and global strategist at London-based Independent Strategy.
    • Roche recommends investors hold gold in their portfolios, alongside some European fixed income and U.S. Treasuries.

    https://www.cnbc.com/2019/07/08/gold-prices-could-reach-2000-by-the-end-of-the-year-strategist.html

    maybe it is time to sell.......

    That would only be the 1,243,566th prediction that was wrong. But who's counting?

  • OPAOPA Posts: 15,775 ✭✭✭✭✭

    @MsMorrisine said:
    Which one is truly the psychic

    did you mean "psycho?"

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • AUandAGAUandAG Posts: 21,486 ✭✭✭✭✭

    what year?

    BST deals: Dozens of buys/sells. Will provide a list upon request.
    Registry: CC lowballs (boblindstrom), [email protected]
  • TwoSides2aCoinTwoSides2aCoin Posts: 40,833 ✭✭✭✭✭

    The future : published today.

    Interesting.

  • maplemanmapleman Posts: 868 ✭✭✭✭✭

    Can we start a pool?

  • LukeMarshallLukeMarshall Posts: 782 ✭✭✭

    I've heard that all the gold mined in the world would fill 3 swimming pools...

    It's all about what the people want...

  • MilesWaitsMilesWaits Posts: 3,601 ✭✭✭✭✭

    Not in Nicki Minaj’s zip code.

    Waiting for the swell in PM's and surf.
  • derrybderryb Posts: 27,428 ✭✭✭✭✭
    edited August 3, 2019 9:40PM

    The president wants a weaker dollar for political (election) reasons. Weaker dollar drives gold price up. While he looked to the FED to help weaken the dollar (and they did not) it’s actually the responsibility of the Treasury Department, not the FED, to manage the value of the U.S. dollar versus foreign currencies. Unlike the FED, the president does have full control over the treasury department. Look for the dollar to definitely weaken in the near term which will result in higher gold prices.

    Also note the uniqueness of recent gold price increases while the dollar gained strength. This mostly unreported anomaly speaks volumes for the strength of the current gold price movement.

    “We can ignore reality, but we cannot ignore the consequences of ignoring reality.” – Ayn Rand

  • BarndogBarndog Posts: 20,208 ✭✭✭✭✭

    Great meme to point out there really is not much difference between 1932 and now insofar as what one ounce of gold can buy. Except in Alaska and Hawaii (due to shipping costs) and California (due to fascist government)

  • derrybderryb Posts: 27,428 ✭✭✭✭✭
    edited August 4, 2019 8:00AM

    Negative yields (yes, they are coming) will send gold to new highs as investors look for protection.

    “As Europe faces prospects that negative rates might become a long-term fixture in the euro region, concerns are mounting in the U.S. that a global slide toward negative yields could infect the market for Treasury securities, should the U.S. slip into a recession,” writes Guggenheim Investments Chief Investment Officer Scott Minerd.

    “We can ignore reality, but we cannot ignore the consequences of ignoring reality.” – Ayn Rand

  • OverdateOverdate Posts: 6,373 ✭✭✭✭

    Gold is already $2,128 if you happen to live in Australia.

    My Adolph A. Weinman signature :)

  • derrybderryb Posts: 27,428 ✭✭✭✭✭

    China takes next big step in currency wars: Chinese Yuan Crashes To New Record Low

    $2000 gold is much closer than many think.

    “We can ignore reality, but we cannot ignore the consequences of ignoring reality.” – Ayn Rand

  • OPAOPA Posts: 15,775 ✭✭✭✭✭

    @derryb said:
    China takes next big step in currency wars: Chinese Yuan Crashes To New Record Low

    $2000 gold is much closer than many think.

    How close is much closer?

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 27,428 ✭✭✭✭✭
    edited August 5, 2019 1:16AM

    @OPA said:

    @derryb said:
    China takes next big step in currency wars: Chinese Yuan Crashes To New Record Low

    $2000 gold is much closer than many think.

    How close is much closer?

    Read the title of the thread. Equities will get hammered on Monday.

    “We can ignore reality, but we cannot ignore the consequences of ignoring reality.” – Ayn Rand

  • rickoricko Posts: 69,503 ✭✭✭✭✭

    This is interesting... The Yuan dives below 7 and yet China has been amassing gold...As Sherlock Holmes said..."Come Watson, the game's afoot.".....

  • topstuftopstuf Posts: 13,474 ✭✭✭✭✭

    @derryb said:

    Read the title of the thread. Equities will get hammered on Monday.

    Wouldn't it be great if "equities" :D :D :D were truly ...equity? Like equity in a house.
    And not a pile of 401K driven hype.

  • OPAOPA Posts: 15,775 ✭✭✭✭✭

    @derryb said:

    @OPA said:

    @derryb said:
    China takes next big step in currency wars: Chinese Yuan Crashes To New Record Low

    $2000 gold is much closer than many think.

    How close is much closer?

    Read the title of the thread. Equities will get hammered on Monday.

    Equities down about 2%...I don't consider that being "hammered." Gold up about 1%...not much of a move considering all the doom & gloom.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • OPAOPA Posts: 15,775 ✭✭✭✭✭

    @1970s said:
    1500!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    Very soon - (for opa)

    Now he can ask "How soon is soon?"

    Not holding my breath for this to happen "any time soon"

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 27,428 ✭✭✭✭✭

    anything over 500 points down on the DOW qualifies as a hammering.

    “We can ignore reality, but we cannot ignore the consequences of ignoring reality.” – Ayn Rand

  • topstuftopstuf Posts: 13,474 ✭✭✭✭✭

    overdue. Earnings and yields don't justify a Dow ....anywhere near....its recent levels.

  • MsMorrisineMsMorrisine Posts: 23,353 ✭✭✭✭✭

    dollar devalues.

    who predicted?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • topstuftopstuf Posts: 13,474 ✭✭✭✭✭

    :D

  • MsMorrisineMsMorrisine Posts: 23,353 ✭✭✭✭✭
    edited August 5, 2019 12:25PM

    just be aware that previous us manipulations of the currency eventually failed in about two weeks

    the play with china devaluing the currency is to raise tariffs

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • topstuftopstuf Posts: 13,474 ✭✭✭✭✭

    Oh it is not. We gottem on the ropes now. :D

  • CaptHenwayCaptHenway Posts: 27,183 ✭✭✭✭✭

    Dow off another 300 or so points in the aftermarket futures contract.

    ... --- .-.. --- -. --. --..-- .- -. -.. - .... .- -. -.- ... ..-. --- .-. .- .-.. .-.. - .... . ..-. .. ... .... ..__.
  • KindaNewishKindaNewish Posts: 533 ✭✭✭✭

    @PerryHall said:

    Gold stackers are not "rooting for world chaos". They buy gold is an insurance policy against economic turmoil. Do people with life insurance policies hope for death so they cash in on their insurance? Of course not.

    I know what you are saying, and when I started buying AGE I was just looking for a store of money, I never looked at it as if it was an investment. But with the recent rise of the price of spot and its seemingly relation to horrific degradation of societal norms, I found myself today rooting for the dark side for my PM to rise.
    That's a place I don't like to be. Either my personal ethics go, or the gold goes.

    LSCC #2623, GSNA #2529

  • maplemanmapleman Posts: 868 ✭✭✭✭✭

    I'm waiting for a solid 1470+ day to sell a bit and watch for a dip on the way to 1500 which I believe is coming.

  • topstuftopstuf Posts: 13,474 ✭✭✭✭✭

    And I'm looking for something so incredibly neat that it would persuade me to sell some gold for a new geegaw. ;)

  • bidaskbidask Posts: 10,811 ✭✭✭✭✭

    @jmski52 said:
    European fixed income???????? That's almost like double secret probation!!!

    I agree no wonder his company is independent.!

    @topstuf said:

    @derryb said:

    Read the title of the thread. Equities will get hammered on Monday.

    Wouldn't it be great if "equities" :D :D :D were truly ...equity? Like equity in a house.
    And not a pile of 401K driven hype.

    Sounds like you do not own equities ? 😎

    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • blitzdudeblitzdude Posts: 1,885 ✭✭✭✭✭
    edited August 6, 2019 5:25PM

    At $1500 my hens get a coop nicer than most Americans primary residences. Got to spend it somewhere because we certainly can't take it with us. Plus I really love the farm fresh egg sandwiches so my girls may as well live in style. Just $20 away.

  • KindaNewishKindaNewish Posts: 533 ✭✭✭✭

    So I am out at $1440 (except for an ounce that I put on BST lat week that I'm waiting for payment before shipping).

    Best of luck to you all.

    LSCC #2623, GSNA #2529

  • derrybderryb Posts: 27,428 ✭✭✭✭✭

    @topstuf said:

    @derryb said:

    Read the title of the thread. Equities will get hammered on Monday.

    Wouldn't it be great if "equities" :D :D :D were truly ...equity? Like equity in a house.
    And not a pile of 401K driven hype.

    Equity in a company is real. Current problem with equity in most companies is that the stock price is way much higher (overvaluation) than the actual book (liquidation) value of that small piece of the company.

    “We can ignore reality, but we cannot ignore the consequences of ignoring reality.” – Ayn Rand

  • DoubleEagle59DoubleEagle59 Posts: 7,438 ✭✭✭✭

    @Overdate said:
    Gold is already $2,128 if you happen to live in Australia.

    $1991 in Canadian dollars..................oh so close!!

    "Gold is money, and nothing else" (JP Morgan, 1912)

    "Gold is the canary in the financial coal mine." (Alan Greenspan)

  • JimTylerJimTyler Posts: 603 ✭✭✭✭

    @OPA said:

    @1970s said:
    1500!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    Very soon - (for opa)

    Now he can ask "How soon is soon?"

    Not holding my breath for this to happen "any time soon"

    Start holding your breath

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