@Crypto said:
For what it is worth I have taken a small 10 ounce position for the safety deposit box. Plan accordingly as I suspect we will see 800$ per shortly
@Crypto said:
For what it is worth I have taken a small 10 ounce position for the safety deposit box. Plan accordingly as I suspect we will see 800$ per shortly
@Crypto said:
For what it is worth I have taken a small 10 ounce position for the safety deposit box. Plan accordingly as I suspect we will see 800$ per shortly
You think it's going sharply down soon?
After I buy something it typically does
I suspect if it does not hit $1800 by the e/o this week, your concern may become a reality.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
My guess is it will keep rising until a proven vaccine/antibody cocktail is found, and world economies can begin to stand on their own (which unfortunately is a ways off).. Pure momentum play up right now.
@Namvet69 said:
Coincidentally, 60 minutes did a piece on South African gold production is almost tapped out. 2 miles down and that's it. Most miles are closed. Peace Roy
According to the Minerals Council of South Africa, South African gold only accounts for 4.2% of global gold production
Yes it did hit intra day trading of $1800 but was unable to sustain it...Still, several hours of trading left. I still believe if gold does not close above $1800 today, that there may be trouble ahead. ( Just a gut feeling and my gut has been wrong as to gold frequently)
Gold has always been pretty smart. Of course, a high price means that conditions in general are not good.
The one that puzzles me is the stock market. You think any of these companies are going to make money in the next year ?
If the unprecedented increases in the money supply continue, $1,800 an ounce might seem cheap in a year or so. Of course a loaf of bread might cost you $5 which would negate most of the gains and then some.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
Gold is just $80 below it's all time high point.... and I would say it has continued growth in the future...at least for a while....It is possible we could see $2000 gold this year. There... I said it Cheers, RickO
@roadrunner said:
Interesting that GLD (paper gold) is leading physical gold here with a stronger break out......though in retracing the late 2011 secondary peaks.....physical gold is stronger.
Gold on month 54 since the Dec 2015 low ($1045) and 22 months since the August 2018 low ($1167). 21/22 and 55 month moves are pretty typical for gold and it's associates. And gold looks to be in the process now of retracing the strong August 2011 monthly candle stick (covered a range of 1608 to 1918). From a timing aspect, important monthly numbers being reached. The 21/22 month cycle has been very orderly in gold since 1999.
Now in key Fib month 55. The retracing of the August 2011 candlestick continues.....as expected. The next key gold "square" is $1960.....or 14 squared. GSR falls off the cliff in the mid to lower 90's.....and headed towards the more normal 45-65 range once again. Easy to see coming.
@roadrunner said:
Interesting that GLD (paper gold) is leading physical gold here with a stronger break out......though in retracing the late 2011 secondary peaks.....physical gold is stronger.
Gold on month 54 since the Dec 2015 low ($1045) and 22 months since the August 2018 low ($1167). 21/22 and 55 month moves are pretty typical for gold and it's associates. And gold looks to be in the process now of retracing the strong August 2011 monthly candle stick (covered a range of 1608 to 1918). From a timing aspect, important monthly numbers being reached. The 21/22 month cycle has been very orderly in gold since 1999.
Now in key Fib month 55. The retracing of the August 2011 candlestick continues.....as expected. The next key gold "square" is $1960.....or 14 squared. GSR falls off the cliff in the mid to lower 90's.....and headed towards the more normal 45-65 range once again. Easy to see coming.
Easy for you but can you put it in more layman's terms for a rookie like me please? Are you saying your technical analysis is projecting gold peaking at $1960 short term and then falling back to $1167?
i never stopped buying, purchases i made just a week ago have already appreciated, i bought a pcgs MS-63- 1910-D $10 indian in September of 2019 for 840, thinking i paid too much for it, as most common date indians i have in 63 i have less then 800 in them
Actually GSR is the story (gold to silver ratio). Silver is more a follower to that ratio which is influenced by many financial sector factors. GSR long term chart of 20-25 yrs and the 5 yr short term chart will tell you all you need to know.
@ricko said:
Gold is just $80 below it's all time high point.... and I would say it has continued growth in the future...at least for a while....It is possible we could see $2000 gold this year. There... I said it Cheers, RickO
@roadrunner said:
Interesting that GLD (paper gold) is leading physical gold here with a stronger break out......though in retracing the late 2011 secondary peaks.....physical gold is stronger.
Gold on month 54 since the Dec 2015 low ($1045) and 22 months since the August 2018 low ($1167). 21/22 and 55 month moves are pretty typical for gold and it's associates. And gold looks to be in the process now of retracing the strong August 2011 monthly candle stick (covered a range of 1608 to 1918). From a timing aspect, important monthly numbers being reached. The 21/22 month cycle has been very orderly in gold since 1999.
Now in key Fib month 55. The retracing of the August 2011 candlestick continues.....as expected. The next key gold "square" is $1960.....or 14 squared. GSR falls off the cliff in the mid to lower 90's.....and headed towards the more normal 45-65 range once again. Easy to see coming.
Anybody here old enough to remember the Aden Sisters? All through the 1980's they were predicting $2000 gold. Now, thanks to inflation and a crashing Dollar, they may finally be right!
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Didn’t I here a new head of the fed some lady wants to return to gold standard. I figured that is why gold going up. I just looked it up this is what I saw. She is for the gold standard.
@CaptHenway said:
Anybody here old enough to remember the Aden Sisters? All through the 1980's they were predicting $2000 gold. Now, thanks to inflation and a crashing Dollar, they may finally be right!
Comments
And the third, and....
Kitco does not confirm your quote...
Bid/Ask...... 1794.70 ....... 1795.70
Low/High ..... 1772.50 ...... 1799.60
https://www.kitco.com/
Well obviously Kitco isn’t advanced enough to follow CNBC!
Looking good.
CNBC quotes are for August futures contracts, Kitco is real time NY spot price. Spot did not break $1800.....yet.
OK thank you but I like the August futures contracts better!
You think it's going sharply down soon?
He who knows he has enough is rich.
Me too, unfortunately my dealers are all stuck on spot price. I'm holding out for $5,000+ before I sell anyways.
After I buy something it typically does
11.5$ Southern Dollars, The little “Big Easy” set
I suspect if it does not hit $1800 by the e/o this week, your concern may become a reality.
Thanks all for reporting on the milestone.
My guess is it will keep rising until a proven vaccine/antibody cocktail is found, and world economies can begin to stand on their own (which unfortunately is a ways off).. Pure momentum play up right now.
Live gold $:
https://www.kitco.com/charts/livegold.html
Now it's official. Thanks London.
Gold is now at $1808... and holding....For how long is anybody's guess....Cheers, RickO
Keep stacking.
$1810
My YouTube Channel
Looks to still be the case. Just now, with a continued uptick:
$1,810.82 (+14.91)
Just slipped back from 1822 to 1817. Looking pretty strong.
I will keep stacking on😊
I suggest you may want to change title of thread to "We may see $1900 gold by the end of July" lol
With the addition of “what happened to that guy that was pumping stocks on a precious metal forum? “
At least still olding steady for the present. As of now, Wednesday evening:
GOLD $1,812.33 (+2.80)
I prefer the good old "Will we next see $1600 or $2000 first..
According to the Minerals Council of South Africa, South African gold only accounts for 4.2% of global gold production
Yes it did hit intra day trading of $1800 but was unable to sustain it...Still, several hours of trading left. I still believe if gold does not close above $1800 today, that there may be trouble ahead. ( Just a gut feeling and my gut has been wrong as to gold frequently)
Bid/Ask 1797.10 .......... 1798.10
Low/High 1793.10....... 1811.80
https://www.kitco.com/
GOLD $1,822.41 (+4.15)
Ten days later and still north of $1800!
Gold has always been pretty smart. Of course, a high price means that conditions in general are not good.
The one that puzzles me is the stock market. You think any of these companies are going to make money in the next year ?
If the unprecedented increases in the money supply continue, $1,800 an ounce might seem cheap in a year or so. Of course a loaf of bread might cost you $5 which would negate most of the gains and then some.
Gold is just $80 below it's all time high point.... and I would say it has continued growth in the future...at least for a while....It is possible we could see $2000 gold this year. There... I said it
Cheers, RickO
Now in key Fib month 55. The retracing of the August 2011 candlestick continues.....as expected. The next key gold "square" is $1960.....or 14 squared. GSR falls off the cliff in the mid to lower 90's.....and headed towards the more normal 45-65 range once again. Easy to see coming.
Easy for you but can you put it in more layman's terms for a rookie like me please? Are you saying your technical analysis is projecting gold peaking at $1960 short term and then falling back to $1167?
Silver is the story today...
Up ~6%. Gold flirting with $1840..
Glad I haven't really sold silver yet, the only gold I have is in the form of coins that I like.
Collector, occasional seller
i never stopped buying, purchases i made just a week ago have already appreciated, i bought a pcgs MS-63- 1910-D $10 indian in September of 2019 for 840, thinking i paid too much for it, as most common date indians i have in 63 i have less then 800 in them
Actually GSR is the story (gold to silver ratio). Silver is more a follower to that ratio which is influenced by many financial sector factors. GSR long term chart of 20-25 yrs and the 5 yr short term chart will tell you all you need to know.
Let's shoot for the $2000 mark. Why not, it may arrive sooner than we think?
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.From moments ago:
GOLD $1,842.18 (+23.92)
Looks like all of you are right!
Metals are still hotter than heck in Asia market as I write.......AU 1855.00/ AG 22.48......
Maybe it is already time to start talking about the prospect of $1900 gold. This from this Wednesday morning:
GOLD $1,865.73 (+23.38)
Anybody here old enough to remember the Aden Sisters? All through the 1980's they were predicting $2000 gold. Now, thanks to inflation and a crashing Dollar, they may finally be right!
Didn’t I here a new head of the fed some lady wants to return to gold standard. I figured that is why gold going up. I just looked it up this is what I saw. She is for the gold standard.
Can't say as I do but here they are in 2016.
https://www.youtube.com/watch?v=i4oKVdTpgqw
GOLD $1,875.76 (+3.49)
Trajectory continuing up. Will it add another $25 before the week is over to reach $1900?
GOLD $1,883.00 (+10.73)
An hour later and almost up another $10. Could well see that $1900 "barrier" break this week.
GOLD $1,886.34 (+14.07)
Hanging in there! Edging up toward $1900 this morning.
GOLD $1,900.81 (+12.76)
It is official!
GOLD $1,900.87 (+12.82)
Of equal significance, it is still holding over $1900 as the day progresses.
Can we get to $1920.31 next?
(that would be one cent over the record)
My Saint Set
$1907.67 up $11.39 right now.