$700 gold $15 silver by end of year?

BrianKuszmar

I have been saying for sometime that we have not seen the highs of this long term active metals mkt yet.

Imho we will break the highs we saw last spring, I suspected it would be after the new year but... could it be before the end of the year?
I still suspect it will stay in this $12.50/$13.50-$600-$650 range this year and then run up after the new year
Either way, dont own dollars.

Regards to all

410a

Great threads on this board and directions to sites regarding this
very issue and how it's being effected by the dollars recent slide
toward 80. China holding mega dollars estimate 1 trillion and looking
to move out of US as well as other countries, EU etc, currencies and
into gold or metals or whatever they please.

PerryHall

One can only hope.

coynclecter

Bernanke and Paulson are heading for China ................and its not to eat Peking Duck. The dollar is in big trouble.

oreville

China finds herself in the same quandry that Japan found herself 20 years ago. That is what to do with all of these US dollars? If China dumps them to get something with real value, like some oil companies, more gold and silver bullion, etc. then China will drive down the value of the US dollar and make her exports harder to sell to the US vis a vis other Pacific Rim countries and Mexico.

On the other hand, the US is literally begging China to raise the value of their Yuan to do exactly what China fears which will then decrease the value of the US Dollar holdings it has.

It is a cat and mouse game. Either way, both China and the US loses a bit.

Steve27

I would sooner believe $750 gold and $15 silver, or $700 gold and $14 silver.

BrianKuszmar

My boldest prediction (not so bold to some) Gold will top $850 silver $18 per oz my the end of 07.

This is still conservative compared to my trusted (and thus far right on the money) metals guru/friend
He thinks, dare I say it, silver could exceed the $20 mark by a big margin within the next few years.
Having way more knowledge that any one person should on the subject and if you had an hour+ to listen to him his prediction seems very plausible. For precious metals global demand for industrial and hard money reasons are in play, the U.S. is no longer the only big dogs in the commodities markets, Unlike Americans not everyone in the world trusts paper money. One billion Asians, Eastern Europeans and others hoarding gold and buying disposable cell phones with silver and gold plated contacts.

So many factors point to a booming metals market, will it look the same as the last great metals market of the 80's?
Probably not, It does not and will not look like the last great run of the 80s, Imo this bull mkt is a slow cooker thats been happening for awhile under most everyones noses. Imho most average Americans will/are going to get left out on this one after being so beat up on the last two bulls of stocks and real estate..Oh god is it Tax time soon again too!

Regards

roadrunner

If Dollardude were still here, he'd tell you that silver and gold is "over," a flash in the pan, and to be into growth and value stocks for the next 10 years. Be "fully" diversified as well: 75% stocks, 25% bonds, 0% PM's and anything else.

roadrunner

Bear

People, the books have been cooked and the chickens

are now coming home to roost. The economy has been

held together with spit and string to get thru the mid term

elections. From here on, I believe its gonna be a bumpy ride.

When Wal-Mart reports lower earnings per store, it means

biiiigggggg trouble ahead. Gold and other precious metals

will soon head for the heavens. Some may even be amazed

at the scale and rapidity of that rise.

roadrunner

Bear, I loaded up on "spit and string" futures a few months back, but have since unloaded my positions.

roadrunner

AJ2525

I like silver and wish I owned more gold.

BUT to be contrarian I recently read an article stating how silver supplies were expecting to increase 20 million ounces in 2007. The author made it seem like that increase in supply would drive the price way down.

On the other hand I read a neat article about a company using silver embedded in their clothing. Apparently their clothing is a big hit with the military as the socks can be worn for days without stinking and it distributes temperature better than other types of clothing. The article I read also gave the impression if a soldier was injured wearing their clothing and the silver got into the wound that was a good thing. That seems a bit too much hype but bottom line the company is doing very well. The cloth is called X-static here's a quote

"

X-Static® is an innovative fiber that has a natural layer of pure silver permanently bonded to it. Because silver is the worlds most effective anti-microbial and thermally conductive element, X-Static® delivers unparalleled anti-odor, thermodynamic, and anti-microbial properties. X-Static® is safe and natural and will last for the life of the product. More than 10 years of research and testing stand behind the unparalleled performance of X-Static®.

No I don't own their stock.

Bear

If Nations decide it is prudent to again store up precious metals,

The price could sky rocket, as hundreds of billions of dollars worth

are purchased and rapidly taken off the market. We live in an increasingly

uncertain world. The problem has been timing ,when economies will

fall apart. I have been premature about the date, but I feel we are

getting very close to the end of the feel good era.

mrearlygold

GAB

<< <i>BUT to be contrarian I recently read an article stating how silver supplies were expecting to increase 20 million ounces in 2007. >>



They'll grade THAT many SAE's at the TPG's in 2007 !!!!

CoinMaster1229

If a big spike does happen in the near future, I wonder if it will last very long. Back in the last big move in 79-80. I remember it was so sort lived, That with silver in the 40`s. you could only get 18 times face, and you had to move FAST because that price was very short lived. you should have been able to get 28 times face. but silver was moving so fast, to pay fair value was very risky.

BrianKuszmar

The spikes already happening. This is a slow burn mkt, similiar to the last bull in stocks, slow drawn out deal. Not like the meteoric 80'smetals mkt or the flash in the pan housing mkt.

To clarify my opinion, We have been in a bull metals mkt ever since gold left the $400 levell and silver left the $7 mark.
Who ever said a bull mkt cant have heavy swings and happen over a long period. (other than media idiots)

Not all bulls look alike.

Look at the big picture, past and present.

Dont get frightened by 99% of the media financial analyst out there that dont know sh*it from shinola(sp?) about metals yet seem inclined to chime in with only worthless uninformed bad advice.

Dont wait too long and dont miss this one.

Regards to all

coynclecter

Don't forget the new silver-zinc laptop battery which will be out this year. With a few hundred million laptops and a few ounces of silver each they could consume half the above ground supply. Then there's the new clothing, the new medical patents and now silver is big use in lead free solder ..........the reasons for silver to rise are endless even if the dollar is strong. and I wouldnt bet on that.

Coxe

Apparently the recovery rate of consumed silver is extremely low compared to gold. Most of the gold ever mined is still with us in readily usable form.

291fifth

<< <i>Apparently the recovery rate of consumed silver is extremely low compared to gold. Most of the gold ever mined is still with us in readily usable form. >>



Consider the late Roman Empire. they squandered their silver supply by applying a thin wash to their coins. This silver was quickly lost forever. However, you never hear of gold-washed coins from the late Roman Empire. the gold coins were still true gold and most of that gold has survived to the present, even if in different form.

BrianKuszmar

Wow! $13.74 on the after mkts-

cladking

Something's up!!

Silver still has resistance at $14.

BrianKuszmar

I got a sneaky gut feeling that sub $630 gold and Sub $13 silver will be a good buy, providing it backs off a bit and it can be purchased at these levels.

gamer1958

Yes, the dollar is in trouble, but we've known this for some time. I think your estimates for both gold and silver are too low, but -- caveat emptor -- we have to realize that there is some evidence of central bank price manipulation (the gold price, that is) on both sides of the Atlantic. Some experts believe that governments are "artificially" keeping the price of gold where it is in order to maintain faith in their fiat currencies. Gold's all-time high was $875/oz set in Jan.1980. But, even if gold topped that price today, it still would only represent a third of that peak due to inflation -- in other words, gold would have to hit about $2380/oz to equal the Jan 1980 peak.

I live on the Euro, but I get paid in U.S. dollars, so right now we are feeling the pain. My expectation is that $1000/oz gold is not very far off. Another thing to keep in mind is that no one wants to see a total collapse of the U.S. dollar -- that would be too painful for the global economy. My guess is that the greenback will eventually be rescued...how they do it is another diatribe entirely.

BrianKuszmar

so much for after the new year
$15 and $700 this year?

Pentimento

Thanks to all who were talking up common date double eagles on the boards last week! I'm happy I made the move when I did.

BrianKuszmar

Quote from Standard Bank Metals report today "Silver jumped higher today on the backs of European and Asian interests"

Who are these Asian and European interests? Why?

coynclecter

<< <i>Who are these Asian and European interests? Why? >>



They are part of the "OMG I have way too many paper dollars" crowd

Look at the currencies. The dollar is nose diving while Paulson and "Bernie" are in China. They are either there to discuss the orderly fall of the dollar or the Chinese are just flexing thier muscles letting them know what they can do if anyone wants to start the pressure (tarriffs etc).

roadrunner

$647 gold today. Seems like $495 (or even $595) gold is a long ways away to the pessimists.
The $682 gold angel is calling........come hither boy!

roadrunner

Coxe

Could make a good run on Friday. There could be some weekend opportunities when it is off the NY/London markets if it keeps rising, especially if it sticks to sub $14 resistance until after those markets close.

edit>> silver $14 obviously. Same idea for gold though.

BrianKuszmar

11:08 am 647.20 14.000

Hi Ho SIlver Away!?!

topstuf

<< <i>Either way, both China and the US loses a bit. >>



Except China loses the "bit" and the US just LOSES! China reduces price a smidge and forces US to try to "keep up" by "outsourcing" more which sets China up to do even more bizz.

I...would.... like to express my appreciation to China for not outright laughing in our faces. (publicly)

Yes, they will be turning dollars into gold and we will be running our butts off trying to make a few dollars.

kimon1230

I for one welcome our new Chinese overlords

topstuf

Question: Assuming the United States has roughly 9,000 tons of gold, how much of it could you buy at 650 with 1 trillion dollars?

Answer: All of it, with around 800 billion dollars left over.

topstuf

Question: If you have one trillion dollars, what does one cent of devaluation cost you?

Answer: 10 billion dollars.

kimon1230

So, when do y'all think silver will hit $16-$17?
And if one is buying silver in the form of coins (as many are) what is a reasonable premium?

BrianKuszmar

When is a question everyone wish they new for even one days advance knowledge...

What to buy, stick with US 90% Coins or .999 bars/rounds if you can pick them up within 6% over spot at most. Remember when things get crazy, premiums can become discounts on physicals, why pay big premiums up front. Buy low premium recognized assayed products, lower the premium the better!

Hope this helps!

Regards.

roadrunner

Question: Assuming the United States has roughly 9,000 tons of gold, how much of it could you buy at 650 with 1 trillion dollars?

That's a big assumption that 9,000 tons of gold remains. The listed tonnage is just over 8,000. And I'd bet that at most 50% of it remains in our custody. The gold may physically be there, but the property of other nations. The gold for the Exhange Stabilization Fund's game had to come from somewhere. One author showed that the US was making swaps for 90% gold coin. This indicated that potentially all of the .999 gold bars no longer belonged to the US. Wouldn't that be a hoot.

roadrunner

jpkinla

Don't forget the golden rule:

He who has the GOLD makes the rules!

crito

<< <i>I for one welcome our new Chinese overlords >>



Globalization is just a temporary fix for the lack of trust busting since Taft was president. National oligopolies become multi-national oligopolies and we're be back to the exact same problem.

renman95

$687.25/$14.32

coynclecter

<< <i>And if one is buying silver in the form of coins (as many are) what is a reasonable premium? >>




reasonable premium = zero


Don't pay premiums on silver purchases. The premiums just go to the dealers/brokers. There are enough sellers out there eliminate the middle man.

PM if you want a good source of 90% at spot, about 9.5 times face right now.

roadrunner

Don't forget the golden rule:

He who has the GOLD makes the rules!

Unfortunately 99% of the sheeple feel that gold is a barbarous relic with no influence on today's national economies. The flip side of this is that the 1% (including Central Bankers and large brokerages, trading houses, and hedge funds) know different. The 1% makes the rules that the other 99% live by. It's no wonder that the 1% have done whatever they could to keep gold out of the sheeple's vocabulary for the past 25 years. But things are changing again.

roadrunner