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$1300 Gold By St. Swithin's Day!
CaptHenway
Posts: 31,564 ✭✭✭✭✭
My fearless prediction!!!
TD
TD
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
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Worry is the interest you pay on a debt you may not owe.
<< <i>Is your prediction based on anything besides wishful thinking? >>
I have been a fan of St. Swithin for years!!!
An English weatherman?
I have been a fan of St. Swithin for years!!!
Which half???
Mark the calendar.
roadrunner
Worry is the interest you pay on a debt you may not owe.
<< <i>Which half??? >>
Camelot
<< <i>Is that before or after Saint Crispen's Day? >>
Good grief, another day I had to Google. ( before )
Before. "...Old men forget; yet all shall be forgot, But he'll remember, with advantages..."
John
Evergreen, Colorado
cadmanco
Where's LA Money?
<< <i>Noooooo!.....Keep those prices suppressed till im done with my buying phase! >>
Fred, Las Vegas, NV
<< <i>
<< <i>Noooooo!.....Keep those prices suppressed till im done with my buying phase! >>
The mint is no longer lowering their prices and now ignore their own pricing matrix. Buchannan's boyfriend isn't going to be cheaper regardless of what gold prices do.
Camelot
The fact that gold has held stubbornly to the $1225-$1265 range shows that it has at least one more move left in it. This isn't the same "gold" of previous years when any concerted bankster/hedge fund takedowns would result in gold cascaded on lack of buying as sell stops got hit. Currently, there are hands waiting at every $20 drop to ring up the buy orders. This is not dollardude's gold market anymore.
roadrunner
Box of 20
Perhaps I should wait for 1150
roadrunner
<< <i>$1300 Gold By St. Swithin's Day!
My fearless prediction!!!
TD
Timing is everything!
<< <i>Looks like that one last move in gold from $1225-$1265.....not the direction I was expecting.
roadrunner >>
The rising wedge pattern was quite apparent. Four attempts at a break over 1250 in the last month. It is now exhausted. Those $20 dip buyers will quickly disappear.
The premuim for 64 Saints dropped $150 last month because 10,000 pieces came out of Europe--or so im told. If $15-18 million worth of supply can knock 10% off MS64 Saints, just think what a 1/2 a billion coming out of GLD could do.
Knowledge is the enemy of fear
Make it easier to keep buying in?
I knew it would happen.
It's not the only pattern in play. Gold surprised last October from $1100-$1225. Gold surprised by going to a new all time high at $1265 rather than revisiting the sub-$1050 area as many expected. I don't count gold down for the count anymore. Just when she looks like she's knocked out....back she comes for more. All the sub-$1050 gold prognosticators are coming back out of the woodwork.
The premuim for 64 Saints dropped $150 last month because 10,000 pieces came out of Europe--or so im told. If $15-18 million worth of supply can knock 10% off MS64 Saints, just think what a 1/2 a billion coming out of GLD could do.
Those 10,000 pieces showing up is considerably more damaging than 1/2 a billion out of GLD. But, certainly both are damaging. On a value/percentage basis the 10,000 saints represent a larger % of the market cap. Worse yet, you're dropping those 10,000 saints into a relatively illiquid market that at times has difficulty handling 1,000 pieces. The price of the Saints never recovered all that much from the drop last Dec. at $1225. In essence, the saints have already discounted a lot of the downside that is now occuring with gold. They really didn't participate fully in the run-up from $1150+. Saints still "think" gold is back in the lower $1100's. It will take a steep run through $1300 to push them to new highs. Generic gold buyers are fickle, esp. when many of them are dealers who are speculating with them or even have them on margin. And when saints are running, you can't find 100 pieces, let alone 1000 or 10,000. They can be just as illiquid on the buy side when new hoards are not in the pipeline.
roadrunner
Ther's only 2 things can can change my opinion, not including another war or huge major event, but our elections in November and will the tax cuts expire? (might this administration renew them?) On second thought, I've got to be dreaming.
<< <i>My next buying spree was going to take place at 1190. Didn't expect to get there so soon.
Perhaps I should wait for 1150
So, did you buy the dip after all, or chicken out?
<< <i>
<< <i>My next buying spree was going to take place at 1190. Didn't expect to get there so soon.
Perhaps I should wait for 1150
So, did you buy the dip after all, or chicken out?
My check to APMEX was mailed out Monday. I bought Sunday evening. I bought 2 oz of Perth Mint gold bars
and fourty 2010 ASE's.
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YEE-HAHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!
<< <i>
<< <i>
<< <i>My next buying spree was going to take place at 1190. Didn't expect to get there so soon.
Perhaps I should wait for 1150
So, did you buy the dip after all, or chicken out?
My check to APMEX was mailed out Monday. I bought Sunday evening. I bought 2 oz of Perth Mint gold bars
and fourty 2010 ASE's. >>
Hope I helped push you off the fence!!!!!
TD
<< <i>
Zing!!!!!!
<< <i>
<< <i>
Zing!!!!!! >>
Like a Toews wrist shot to the upper corner
Tomorrow is St. Swithin's (alt. Swithun's) Day. What ever it is tomorrow is the way it will be for the next 40 days. Probably not going to 1300 but "I love the smell of naplam in the morning...Smelled like victory. Some day this wars gonna end."
MANY positive BST Transactions
Lets see who is closer in their predictions.
roadrunner