̶$̶1̶9̶0̶0̶ ̶$̶2̶0̶0̶0̶ ̶$̶2̶5̶0̶0̶ ̶$̶5̶0̶0̶0̶ ̶$̶1̶8̶0̶0̶ ̶$̶1̶9̶0̶0̶ $1800 Gold??
blitzdude
Posts: 5,894 ✭✭✭✭✭
It's happening!!!
The whole worlds off its rocker, buy Gold™.
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Excelsior!
$1,900 seems like a foregone conclusion at this rate. You may blink and find it at $2,000.
I knew it would happen.
I think we’ll see 2k by December given the performance lately. 👍
My YouTube Channel
If covid rears up big again, to the point that people are made to NOT work again and stay at home again, I think $2000 would be foregone conclusion. I'm holding some for that (and, if it doesn't happen, I'm ok holding it for a few years more anyway....just using it to pay for my kid's college tuition for the next 4 years).
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Looks like it !!! 👍
Good that there is some skepticism here about what direction gold will go from here. Yes, it can go higher, but it could stay around this level. There have been many instances of what may have looked like the beginning of a bull run, but it did not materialize. COVID-19 and the aftermath may sound like indicators that typically drive gold up, but we will see.
I just want remind everyone that the Savings and Loan scandal in 1987(?), or around that time, did hardly anything to gold which hovered around $400/oz. During the recession of the early 1990s that was quite severe as it took a toll on the housing market (even in California) and resulted in a one term president, gold maintained $400/oz throughout and even declined as the economy kicked up in the late 1990s.
Gold is close to reaching its previous high of about $1900 back in 2011. With all these years of inflation taken into a account, just matching a previous high is actually a net loss.
BST: Tennessebanker, Downtown1974, LarkinCollector, nendee
I would suspect there will be quite a bit of resistance around the $2k mark but if and when she gets past that no telling how high it can go. $2.5K?, $3K, $4K?, $5K?, $10K? We live in a world that had $20K bitcoins for crying out loud.
The whole worlds off its rocker, buy Gold™.
For sure!
I remember meeting CaptHenway at Harlan Berk for the first time on the day gold first crossed $1,400.
Nothing is definite at this point....but just looking at the entire picture (virus, economy, politics), it would seem that gold at $2K is likely....and silver did hit $23.00 for a brief moment this morning. If it hits 2K, buyers will be screaming for gold....Cheers, RickO
The President's nominee for the Federal Reserve Board just cleared a Senate committee on a party-line vote. She has expressed support in the past for a return to the Gold Standard. Whether she will pass the full Senate or not remains to be seen.
$1870
The whole worlds off its rocker, buy Gold™.
It's her present leanings that matter and if she wasn't in line with her nominator who wants green numbers in every TV ticker, she would not have been nominated.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
she is off that thought
$1900 will be here within 2 weeks on the outside! Been waiting for this since 2005!
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Not if you bought gold at anytime in 2013 to 2018 (as well as from 1983-2009). Appears everyone thinks gold stackers never sell anything at peaks, and don't buy back former positions at cyclical lows. You think the stock market works the same way? Buy only.........Never sell, except at the end of a crushing decline such as in Oct 2008, June 2013, Dec 2015. I'm sure that's the MSM view of things. Gold, silver, rare coins, and collectibles never change their spots. They stay the same. Yet stock market indexes change all the time. The Dow from 20, 50, 100 yrs ago looks nothing like today. So to compare any precious metal or collectible to a varying basket of stocks that changes annually is not good analysis. You need to ensure the baskets stay 100% comparable. Even the Govt's CPI index doesn't stay comparable. It has been horribly corrupted and altered since the late 1980's. Fortunately, gold eventually sniffs all that index corruption out and eventually reaches the correct price to balance those things out again.
Gold has many specific drivers such as real interest rates, sovereign debt, currencies, faith in governments, political tensions (short term only), etc. But there's no sure thing whether inflation or deflation is brewing....gold has prospered frequently in either environment. Last time I looked, gold drivers DO NOT include CoVid19, the FLU, the Savings and Loan scandal, SoCal housing prices, rare coin prices, etc.
If you're holding gold as just a profit medium, you're probably in the wrong game though for shorter term windows it's a nice game to play. It's really an insurance policy and/or hedge against other competing factors in the economy/world. Funny thing, I've paid housing insurance to USAA now for 25 yrs. Never once filing a claim. Boy, what a waste of money that has been.
roadrunner,
I agree with what you are saying, my only point was that based on inflation alone, with gold being a hedge against it, the price increase is not surprising and to match its previous high in real dollars would not be $1900 but far beyond it ($2500?, $3000?). There are a lot of variables out there that influence gold directly and indirectly, so exact predictions are difficult, but general trends can be derived with reasonable probability, but this is not my field of expertise. I stayed away from gold when it reached its last apex as I try to buy when its lower, which I did, and now looking to see an adequate time to sell.
BST: Tennessebanker, Downtown1974, LarkinCollector, nendee
The whole worlds off its rocker, buy Gold™.
Did you miss it in 2011?
Collector, occasional seller
methinks today
or maybe reality to set in. . .
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
$1896...
Collector, occasional seller
GOLD$1,903.7336.12
Depending and I hope it's right there
1901 and upward ho...
Today could be the day. These are certainly historic times for the metal of kings. Enjoy the ride my brothers and sisters!
The whole worlds off its rocker, buy Gold™.
Time to edit the title...
It is upon us
It's all about what the people want...
Boom
I think we’ll see that all time high today. 😄👍
My YouTube Channel
It has been between $1905 and $1903 for the last hour or so.... Cheers, RickO
No doubt. Done.
The whole worlds off its rocker, buy Gold™.
Wonder if the spike to $1943 was real or just a glitch?
The whole worlds off its rocker, buy Gold™.
I saw that too. I wonder if Gold 2000 and Silver 25 is going to happen by weeks end. I suspect the stimulus package to be announced this week (2 trillion) could push it there.
GOLD$1,923.35 yea baby...
No I did not! I told my sister if she was not in for the long haul to sell now! I just didn't think the long haul would be 11 years but saying h that I have $1100 gold and more of it then most large dealers. I am selling half at $2500 which will make a small profit then I will have large amount of of $0 gold which I am keeping. Never needed the money anyhow! My insurance policy!
America's second gold rush has begun.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
With such strong moves... hard to know what level to buy or sell at.
Just wait until the Robinhood crowd discovers gold. If they can pump a bankrupt car rental company up 300% - imagine what they will do for gold....
Maybe the Merry Men can pump hard enough for gold to catch Palladium.
Congrats to all holding the yellow metal! Im with @tincup it's hard to know when to buy and or sell?
$1946.01 up $38.76
Not many leveraged options with gold or silver on Robinhood. Opened an account and went with some UGL and AGQ. These appear to be the best plays for rising gold and silver prices respectively. Let's hope taxman is right, if not I'm sending him a bill.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Manipulation.
Wait, didn't read the replies, did someone already say it? 🤔
Liberty: Parent of Science & Industry
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You really don't want leveraged etf's, they're a bad idea for playing the long term trends because of their decay in any of their instruments. If you want to leverage a bit, first go to the major miners. If you want to leverage more, go down to the juniors and you can get pretty small. Further leverage than that, exploration/royalty companies. Slv should outperform gld(both up and down). If you really want potential crazy leverage, junior silver miners are tough to beat and then can play OOM options on them for a 10x factor.
My largest gains(over 2,000%) are from options that were OOM on SILJ that are now deep ITM for NOV expiry as it was the farthest out I could get at the time. Theta decay and IV now irrelevent to me on them with those gains, will convert to shares. I just got Jan expiries that are over double and should add another 30-50% tomorrow. GDXJ if want to play gold juniors and look at the constituents on both.
Like I own Yamana(AUY) directly and they were up over 8% on Friday after reporting earnings and have zero worries on decay. Could always option them out or any others but think most people should avoid touching any option.
thanks, but I want leveraged for these particular PM plays. Well aware of the risks and costs.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
To da moon!!!
The whole worlds off its rocker, buy Gold™.
Amazing times we are living in.
BST: Tennessebanker, Downtown1974, LarkinCollector, nendee
1950 this am.
Spike at $1975 or perhaps another "glitch" lol
The whole worlds off its rocker, buy Gold™.