Gold prediction, will it cross $500 or $300 first?
byergo
Posts: 586 ✭
I'll say $300. Of course I'm always wrong when it comes to investing, so you may want to look at my prediction as a contrarian indication to back up the truck!
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Gold and metals in general will trade in a range. The talk about 500, 600 or even 1000 is crap.
The Feds and the central banks of other countries will find a way to keep gold down.
Greg Hansen, Melbourne, FL Click here for any current EBAY auctions Multiple "Circle of Trust" transactions over 14 years on forum
Go BIG or GO HOME. ©Bill
Oddly enough, I see Gold is at the bottom of it's uptrend channel.
Concurrently, I see the US Dollar at the top of it's downtrend channel.
Needless to say, I've purchased Gold stocks at these levels.
Until I see a broken uptrend in Gold, I'll have to say $500. Can't imagine it being $500, so if my account balance rises then who really cares beyond that?
If I sell, it will soon see $500.
Of these things I'm sure. Therefore, I'll let everyone else know when I'm going to do either .
Well I haven't heard a peep out of the pro-metals crowd in a while..... perhaps it is time to get in when it is quiet. You know once it hits the nightly news the party is about over!
On May 20th 2004 the price of gold (kitco) was $378.10.
Cool. Agflyer must have been selling and forgot to tell us
Happy New Year!