What do you think silver and gold will end at by Friday 10/10

mkman123

Hey guys, whats your prediction on what silver will up at by the end of friday? Some of you guys are pretty good at guessing.

I'm hoping silver 13.47/oz

Gold -877

MoneyLA

Im going to guess, and its just a guess, that both silver and gold will be DOWN for the week.

will be interested to see.... thanks for posting.

fc

i do not know about gold but there is a lot of resistance for silver to
fall underneath 11.00 dollars right now. i say 12.10.

I have been watching silver intensely for a while and getting the
opportunity to buy below 11 an ounce requires a full time job.

but my guess for gold shall be 875.

roadrunner

I've given up trying to predict short term moves. If gold stays above $850 for the week that would be solid.

roadrunner

jmski52

I am sending an email to Hank Paulson to see if he knows!

illini420

I'm thinking it will stay pretty much the same as it is now +/- a few percent until after the election...

Since I'm rarely correct in my predictions, disregard the above statement...

For example, I thought the Cubs would sweep the Dodgers this weekend

57loaded

getting closer to the rainbows end?

daily swings with no dramamine, have most on the sidelines.

storm888

I am getting a bit concerned about the 30-day viability of some
of my SHORT positions in PMs.

It seems unlikely that October will pass without an orchestrated
"surprise," designed to prevent the Dems from taking over. Such
an event - especially if it was international in nature - could mean
a dramatic spike in PM prices; especially gold.

Next week, the prohibition on SHORTs in financial stocks expires.
If the sideline money SHORTs the financials like I think it might,
we could get a shortlived PM bump. Or, as some speculate,
money could come out of PMs and be placed on SHORTs of the
financials; that would, obviously, yield a PM price decline. (The
rule expires on Thursday.)

...........

I dunno.

storm888

This is on the KITCO site............


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Therefore, expect gold futures to fall lower.


Supports are at $820, 795 & 768. Resistances are at $845, 860 & 881.


Gnanasekar T.

(The author is the Director of Commtrendz Research and also in the advisory panel of Multi Commodity Exchange of India Ltd(MCX). The views expressed in this column are his own and not that of MCX. This analysis is based on the historical price movements and there is risk of loss in trading. He can be reached at gnanasekar_thiagarajan@yahoo.com.)


.............

NumbersUsacom

Storm, That "I dunno"..... thing just drives a trader crazy. I learned for my ownself to sit tight until I feel unreasonably comfortable before
placing an order. I'm never comfortable entering a trade any more because I found I'm usually on the wrong side when its too comfortable.

storm888

"Storm, That "I dunno"..... thing just drives a trader crazy. I learned for my ownself to sit tight until I feel unreasonably comfortable before
placing an order. I'm never comfortable entering a trade any more because I found I'm usually on the wrong side when its too comfortable. "

//////////////////////////////////


For MANY years, my best trades are made when I have to wipe the
vomit of my monitor. Like the toddler in the ETFC commercial.

It's a spooky game.

..............

In early 2007, when the price reversed on my 2006 CFC SHORT, I
thought I was going to need an ambulance. In later 2007, when
the FED cut rates and BAC bailed CFC, I thought my heart was going
to explode.

BOTH TIMES, I threw more money at the position. Worked out.

It's not about having nerves of steel. It's about overcoming the
fear that visits US folks who don't have nerves of steel.

roadrunner

The one thing about Kitco and some of their potential shills like Mr. Gnatsucker is that they are typically anti-gold in nature. This is an odd stance considering they come off as a PM's site. I suspect they are just an overall shill for one of the major banks like JPM or GS. Just my take.

I'll take a shot and say that gold will bump up for the week. If Goldman Sachs feels it's time to go long, and people are buying up $20 generic slabbed gold to dizzying levels (ie MS64 Saints now at 18 year highs of $1350-$1400), I'll toss my short term hat in the ring with them. Incredible that MS64 saints started off this market in 2001-2002 worth about $375-$450. Each time they appear crushed they come back to surprise.

roadrunner

57loaded

<< <i>The one thing about Kitco and some of their potential shills like Mr. Gnatsucker is that they are typically anti-gold in nature. This is an odd stance considering they come off as a PM's site. I suspect they are just an overall shill for one of the major banks like JPM or GS. Just my take.

I'll take a shot and say that gold will bump up for the week. If Goldman Sachs feels it's time to go long, and people are buying up $20 generic slabbed gold to dizzying levels (ie MS64 Saints now at 18 year highs of $1350-$1400), I'll toss my short term hat in the ring with them. Incredible that MS64 saints started off this market in 2001-2002 worth about $375-$450. Each time they appear crushed they come back to surprise.

roadrunner >>



hey u r only allowed one guess per thread....j/k

ProofCollection

The market is poised to breakdown further next week. I don't know if this is bullish or bearish for PM's though. Normally I'd say bullish, but the markets are not rational.

fc

<< <i>i do not know about gold but there is a lot of resistance for silver to
fall underneath 11.00 dollars right now. i say 12.10.

I have been watching silver intensely for a while and getting the
opportunity to buy below 11 an ounce requires a full time job.

but my guess for gold shall be 875. >>



my prediction is right on track. just need one more slight up day for silver
and a down day for gold tomorrow and i nailed it ;-)

Hoodlatch

It's looking like $975+ at close tommorow

ProofCollection

I'd be cautious if you expect another good run in gold Friday. The last couple of days gold has only really gone up in opposition to the market indexes. A rally in the market is due - and if it happens, gold will tumble. With the VIX very far overstretched at 64, the odds are that the market will rebound Friday.

fc

<< <i>

<< <i>i do not know about gold but there is a lot of resistance for silver to
fall underneath 11.00 dollars right now. i say 12.10.

I have been watching silver intensely for a while and getting the
opportunity to buy below 11 an ounce requires a full time job.

but my guess for gold shall be 875. >>



my prediction is right on track. just need one more slight up day for silver
and a down day for gold tomorrow and i nailed it ;-) >>



well so much for my guess. friday screwed me.
good time to pick up some more though if you can find a bullion dealer who has it in stock.

unknowncomic

Is what I'm seeing on the Kitco site true? Silver at $9.87?

fc

<< <i>Is what I'm seeing on the Kitco site true? Silver at $9.87? >>



yes.

MilesWaits

The dollar is UP with a vengance...Iceland has figured they will NOT guarantee savings accounts and T Bills are King.

Miles