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gold closed on the comex $349.7 fri 12/27/02 what will it be........

michaelmichael Posts: 9,524 ✭✭
in U.S. Coin Forum
care to give a guess what gold will close the last day of 2002 on 12/31 on the comex?

i say 365.00

sincerely michael

Comments

  • kobrakoinskobrakoins Posts: 150
    369.76
    kobrakoins
  • itsnotjustmeitsnotjustme Posts: 8,777 ✭✭✭
    368.50
    Give Blood (Red Bags) & Platelets (Yellow Bags)!
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    I'd say with 2 days of trading next week, the stock market taking another last drubbing for 2002, that gold will break the $354 resistance barrier and finish off at $355-$358. The assault on $373 will occur during the month of January.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • nwcsnwcs Posts: 13,386 ✭✭✭
    $346.87
    Blog and Pics
  • jtrykajtryka Posts: 795 ✭
    Michael, it seems I always catch your typos, so I am sure you meand $349.70 in the title of this thread (though I suppose you could be using Canadian dollars). Anyway, I think gold will pretty much stay in a trading range between now and year end, say $345-$355 since there are a number of shorts that would not want their positions marked to market at year highs, and they may launch a renewed effort to suppress the price from current levels (that's the conspiracy theory anyway!).
  • relayerrelayer Posts: 10,570 ✭

    $348

    WARNING - I OWN GOLD - IT CAN ONLY GO DOWN
    image
    My posts viewed image times
    since 8/1/6
  • waynemewayneme Posts: 852 ✭
    354.00 high on the day close 349.00 350 is support just broke so i think we'll hang around it for awhile to bulid support
    600.00 if we start with iraq
  • michaelmichael Posts: 9,524 ✭✭
    thanks jtry i am going to change that huge typo wow

    sincerely michael
  • FatManFatMan Posts: 8,977 ✭
    $355 on the 31st

    $415 on January 27th
  • TrimeTrime Posts: 1,863 ✭✭✭
    Michael,
    December 31 is a day of price and interest rate aberrations. The truth occurs the day before and/or the day after.image
    Trime
  • sinin1sinin1 Posts: 7,500 ✭
    $351.20 for Feb 2003 gold
  • JJacksJJacks Posts: 759 ✭

    I'll bet 2 to 1 that gold is under $365 the last trading day of this year. But, what do I know?

    JJacks
    Always buying music cards of artists I like! PSA or raw! Esp want PSA 10s 1991 Musicards Marx, Elton, Bryan Adams, etc. And 92/93 Country Gold AJ, Clint Black, Tim McGraw PSA 10s
  • psxchellypsxchelly Posts: 568 ✭✭
    345.50 dec 30th
  • MrKelsoMrKelso Posts: 2,907 ✭✭✭
    I am looking for a bit of correction and consolidation as every good bull market should have this happen. Then onwards and upwards to the $400 level in 2003. Invasion into Iraq in January or Febuary could produce another war premium on Gold and we may see $365 level
    My Quess ? Hmmm $351.50 on slow Holiday Trading

    Thinking Long Term here.
    I am also looking for $4.90 to $5.00 on Silver in the next few months. There's Gold in dem dar hills.

    I have a question if the united States went back on the Gold Standard, What would it do to the World spot price of Gold?
    image


    "The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
  • waynemewayneme Posts: 852 ✭
    you won't ever see the gold standard again we have to much paper made up
    to ever think about going back on the Gold Standard,
    the USA would be a third world country . congress wouldn't think of giveing up the power
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Sure we could see the gold standard again. It could not be backing every US dollar with gold like it was decades ago but requiring that we cover say 5-10% of our printed money with gold would be logical.
    This is far from impossible. The FEDS would not be able to print willy nilly without procuring gold on the open market.


    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭
    I'll take the contrarian point of view: $341.
    Early Dollar Set
  • PhillyJoePhillyJoe Posts: 2,700 ✭✭✭✭
    $350.00 sounds about right. Anyone recall what is was on Jan 1, 2002?

    Joe
    The Philadelphia Mint: making coins since 1792. We make money by making money. Now in our 225th year thanks to no competition. image
  • MrKelsoMrKelso Posts: 2,907 ✭✭✭


    << <i>$350.00 sounds about right. Anyone recall what is was on Jan 1, 2002?

    Joe >>



    GOLD $278.40

    Silver $4.59


    "The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
  • MrKelsoMrKelso Posts: 2,907 ✭✭✭


    << <i>I am looking for a bit of correction and consolidation as every good bull market should have this happen. Then onwards and upwards to the $400 level in 2003. Invasion into Iraq in January or Febuary could produce another war premium on Gold and we may see $365 level
    My Quess ? Hmmm $351.50 on slow Holiday Trading

    Thinking Long Term here.
    I am also looking for $4.90 to $5.00 on Silver in the next few months. There's Gold in dem dar hills.

    I have a question if the united States went back on the Gold Standard, What would it do to the World spot price of Gold?
    image >>



    Let the correction begin. Gold down $2.00 IN NY with 2hours and 56 minutes of trading left for today


    "The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
  • JJacksJJacks Posts: 759 ✭

    Looks like myself and the other non-gold hypsters are going to have a pretty good shot to win this one. Gold according to www.kitco.com is floundering down about $5 at $343 right now. Has to go up $20 tomorrow to hit $365.

    JJacks

    Always buying music cards of artists I like! PSA or raw! Esp want PSA 10s 1991 Musicards Marx, Elton, Bryan Adams, etc. And 92/93 Country Gold AJ, Clint Black, Tim McGraw PSA 10s
  • MrKelsoMrKelso Posts: 2,907 ✭✭✭


    << <i>Looks like myself and the other non-gold hypsters are going to have a pretty good shot to win this one. Gold according to www.kitco.com is floundering down about $5 at $343 right now. Has to go up $20 tomorrow to hit $365.

    JJacks >>



    Yep it was a weird day for Gold and a nice correction always warms the heart.


    "The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
  • MrKelsoMrKelso Posts: 2,907 ✭✭✭


    << <i>$346.87 >>



    So far i think the NWCS is in the lead we are at an Ask of 346.60 with an hour and 31 minutes left to go
    That also Makes JJacks a winner as he said under 365.00 image


    "The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
  • MrKelsoMrKelso Posts: 2,907 ✭✭✭


    << <i>$348

    WARNING - I OWN GOLD - IT CAN ONLY GO DOWN >>



    Relayer is now in the lead we are at $348.00 ask with 1 hr and 17 minutes to go image WOW what a horse race. we went from a few bucks down to + 3.90


    "The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
  • MrKelsoMrKelso Posts: 2,907 ✭✭✭
    Final tally for 2002 Bid $347.50 Ask $348.00 Silver Bid $4.78 Ask $4.81 Who Won?

    Looks like relayer is the Speculator of the Year HAPPY NEW YEAR!!!!!!!!!!!!!!!!!


    "The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
  • nwcsnwcs Posts: 13,386 ✭✭✭
    Well, I think I was very close with 346.60 image Darn hard to predict within 90 cents!
    Blog and Pics
  • ElcontadorElcontador Posts: 7,523 ✭✭✭✭✭
    Gold rose like this before we went into Iraq the last time & dropped like a stone within a week of our invasion. All of this stuff is political hype.

    Look for the following:

    1) Venezuela starts producing and shipping oil again
    2) We go to Iraq for a second time
    3) The PRK will be told by China and Russia to "be a good boy or you'll
    get spanked," and stop acting erratically

    The above may not happen today or tomorrow, but will certainly resolve itself within two to three months. Then expect gold to drop like a stone.

    Those who fail to learn from history will continue to make the same mistakes.
    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
  • wallstreetmanwallstreetman Posts: 2,938 ✭
    When will you naysayers give up? The same people were predicting Gold to stay the same or fall when it was in the $250 to $260 range! Im not going to name any names, but if youve been around awhile, you know who they are!
    You can fool man but you can't fool God! He knows why you do what you do!
  • wallstreetmanwallstreetman Posts: 2,938 ✭
    I guess your bound to be right sooner or later!
    You can fool man but you can't fool God! He knows why you do what you do!
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Congratulations to Relayer for his fine call.

    Gold has been in an up cycle now for 1-1/2 years. The current IRAQ conflict may give some people the "reason" gold spiked to $350 but it is not what has been behind the long term push. Gold is simply resolving the problems with the world's economy. And the problems will still be unresolved when IRAQ is no longer the focal point.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold

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