***Poll: Will Gold be $1000 by Christmas??***
Goldbully
Posts: 17,232 ✭✭✭✭✭
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Goldbully
Posts: 17,232 ✭✭✭✭✭
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Here it is..............
2007 Poll
Uhhhh, yes I can edit.....Oooops!!!!!
Merry Christmas!!!
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Edited to say DUH, now I get it, two polls!
<< <i>Shouldn't you start a new poll, since a lot of people answered already about whether it would hit LAST YEAR?
Edited to say DUH, now I get it, two polls! >>
You are such the 'Joker!'
Not $1K again that quickly, but over $900 for sure.
That chart is *so* one hour ago!
My Adolph A. Weinman signature
<< <i>That chart is *so* one hour ago!
Gold up over 10% now on the day! Could hit 1000 today!
A recovery to 950 would be a solid platform and one we could, and should, all be happy and satisfied with.
But I'm not betting on even that at this point.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
<< <i>That chart is *so* one hour ago!
You are sooo right.....Ask $869
900 though but without frenzy news to keep it there it will take
the downward trend to a more stable price.
The news of banks failing cannot happen forever. Only a few left ;-)
9000 to 4500 or what not.
Sinclair was right in that we could/should be at $1200 by year's end. The fact that the FED has taken some astounding actions to postpone that doesn't change anything. We still get there, and ultimately to $1500+ and whatever comes after that.
roadrunner
<< <i>Well, only a "few" maga banks to go through, half a dozen or so. Don't forget that with all the mergers over the years, we've effectively taken down hundreds of "banks" already. But I'd expect hundreds more smaller banks...and potentially thousands could follow. It will take years to go through them all, but go through them derivatives will. Sort of like taking a laxative. A 1,000 seems like a fair number since the govt is usually off by at least a magnitude in their estimates of what things will ultimately cost.
Sinclair was right in that we could/should be at $1200 by year's end. The fact that the FED has taken some astounding actions to postpone that doesn't change anything. We still get there, and ultimately to $1500+ and whatever comes after that.
roadrunner >>
Agreed. However, I see more like 1400 banks failing, with a few more big ones to grab the headlines.
Of course, I also see tent cities popping up as the foreclosures really crank up next year.
Looks like the FDIC fund is running low right now as well.
Sinclair is right, but it's just going to take a bit longer IMO.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
<< <i>
Of course, I also see tent cities popping up as the foreclosures really crank up next year.
>>
See you guys have good arguements that i partly think are correct.
I just see you as TOO optimistic for the short term. Saying tent
cities will pop up is a bit too much for me. These people who are
walking away from homes they could not afford will simply go back
to renting like before. They will make zero attempt at paying off their
debt. They just ruin their credit and start from scratch.
If i lost my job today i would go find any job i could get tomorrow.
It is not beneath me to work at a gas station for 10 bucks an hour.
That is enough to pay rent, the car payment, and put food on the
table. If i had kids I would probably have to take another part time
job too. This is life for many people. When the going gets tough and
all that. Most of the US is not like Compton CA where you have rampant
leisure time among the population if you know what i mean ;-)
rimshot
Please do not ruin your excellent debate points by going over the
top with it.
They are all tied in together with the credit bureaus.
Yes, tent cities are in our future. Maybe not millions of people, but enough to make the headlines.
There is really no other answer unless the Government puts a holiday on mortgage payments for a year to 18 months.
I just don't see that happening.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
What do I win.
"Inspiration exists, but it has to find you working" Pablo Picasso
Robert.
<< <i>I would say at a minimum $925, maybe more. 'Tis the season... >>
I think it will be at $1000 and then some.
It should have settled there long ago..........................IMHO!!
Interesting Chart:
And the answer is..........?
roadrunner
The PPT and the Central Banks are pulling out all the stops to prop up currencies and bring down commodities and that is why I think it's too soon to happen.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>i think we will see $700 tomorrow, the grinch, remember the grinch >>
Ask $908.....go away grinch!!!!!
if you happen to live in Canada, Australia or New Zealand.
My Adolph A. Weinman signature
Looks like Gold $1k will be here this summer!!!!
What say you??????????????
Miles
<< <i>I say by June 1st Bully!!''
Miles >>
Bold statement, Miles....but a definite possibilty in this bizarre economy!!!!
<< <i>I say by June 1st Bully!!''
Miles >>
.......or soon thereafter.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>I say by June 1st Bully!!''
Miles >>
Could happen, maybe, perhaps, it's a possibility, unlikely .... however.