anyone see gold 2500 next yr

coinsscollect

it would be a nice move

gsa1fan

Let's hope not! Very possible on the other hand.

jmski52

I don't think that the price will hit that high, but I bet that it will be rising fast enough that many people will think it's going to go that high! I think maybe $1,800 - not quite $2,500 - but that will be quite exciting anyhow.

Unfortunately, the news will be bad enough that even if you make money in gold, you probably won't have as great a time enjoying it as you would if everyone was doing ok.

RedHerring

My guesstimate, barring another 9/11 or similar incident, is $1500-$1600 peak next year. $1300 seems to be a given for 2010.

I also believe we'll see gold (at least on paper) in the $600-$700 range within 2 years.

As far as $2500, again w/o a huge calamity that we hope doesn't happen, that will be a decade away.

renman95

Not in 2010. I'm leaving every thereafter open.

derryb

No, and you won't either. Upward til March, then sideways for a while.

roadrunner

I can see $2500 in 2011 but would not be surprised to see it in 2010. Whatever the highest price next year, it will surprise most people.

I also believe we'll see gold (at least on paper) in the $600-$700 range within 2 years.

What radical monetary improvements by world govts next year will improve confidence in fiat money to drive gold back and force investors to stockpile fiat?

As far as $2500, again w/o a huge calamity that we hope doesn't happen, that will be a decade away.

The first major blowout already occured in fall of 2008. Since then TRILLIONs in liquidity have been pumped into the system. Considering that our 5 biggest banks still hold $200+ TRILLION in notional amount of derivatives, if a mere <1% of those contracts go "bad" it would basically wipe out all bank liquid assets. That will be the 2nd huge calamity. As long as otc derivatives never get marked to market, and investors don't mind knowing those are permanently on balance sheets, then yes, calamity #2 can be put off for another 10 yrs. But $2500 gold is already coming just as the sole result of existing QE measures assuming things get no worse from today.

roadrunner

MoneyLA

my target is for 1300 to complete the mirror image of the reverse head and shoulders formation that I discussed before.

after it reaches 1300 we'll talk.

yellowkid

Sure, why not? I think the potential for a "gold" bubble exists.

2ndCharter

I would hope not because that would mean things are really getting worse than they already are. Granted, the gold I've got tucked away would help ease the pain but I've got it strictly for insurance purposes against the government's spendthrift ways.

I would much rather see it drop since that would mean that the government has gotten itself under control. Under the current gang in Washington, I can't see any scenario where gold would drop to the $600-$700 range.

yellowkid

<< <i>I would hope not because that would mean things are really getting worse than they already are. Granted, the gold I've got tucked away would help ease the pain but I've got it strictly for insurance purposes against the government's spendthrift ways.

I would much rather see it drop since that would mean that the government has gotten itself under control. Under the current gang in Washington, I can't see any scenario where gold would drop to the $600-$700 range. >>



I don't think things have to get worse economically, it just takes the secular market to get it in it's head that gold is "the next thing."

mrearlygold

Anything is possible.

brenda

it sure looks that way

timcoin

Anything is possible in the financial world today. At the $2,500 level, I'd suspect gold jewelry would become just about extinct. I'd also image that dealers would be hard-pressed to obtain the cash to purchase large quantities of gold.

DoubleEagle59

who knows?

but $2500 will definitely be breached sometime in the near future.