at years end
greatnortherncoin
Posts: 412
what will gold and silver be by the end of 2010
dont send sheep to kill a wolf...
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be in the $2500-$3000 neighborhood today. We are thirty years past the last peak, and only $300 above it.
I say it has a lot more room to move higher, so I'll guess $1,450 at years end. Just a guess.
HH
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!
<< <i>$15/$950...at least I hope so! >>
Amen!
Gold may well have another shake-out in it, this year but I would be very suprised to see it get too close to 950. I do still believe that the Chinese have a value for gold of around 1K and I still see that as a key level of international support for the price of an ounce of .999 gold.
Why the Chinese? Grab a news paper, count how many times China is in there, every day. On the other hand, China still has to come to Jesus about how they treat their people and how they allocate their resources. There is much new and beautiful that is happening with their economic growth but there are some primitive issues that still have to be worked out. These issues may dictate how influential China actually is. If they have an economic crash or social upheaval of some type, if that happens then what happens to gold. Gold is always the first thing that gets sold in crisis, so they have to dump a few hundred tons of gold on the market at one time or face economic collapse...ohhhhh that'll leave a mark, then they start selling the bonds and that will leave another mark...someone could get pretty beat up trying to get through the next 3 or 4 years. Sure, seems like gold could easily go to 800 or below in that scenario.
On the other hand, we seem particularly vulnerable here too. Talk about an new international order, a dark economic situation, fighting wars in the mid east, searing unemployment and manufacturing numbers, 20% congressional public approval rating but life goes on. People still have jobs, stuff is still being made but folk aren't as trusting anymore. This isn't their fathers Oldsmobile. They know they are being kept in the dark and being fed BS, they still see banksters telling the gov of the people what to do, money is still the dooer of the deeds and power is what controls the money. The people know when they see YOYO coming down the street and those that are able are hunkering down, gearing up, gettin' ready, stashing valuables, getting the game face ready and that includes having gold.
It also seems that if things don't change radically from where they are now that the demand for economic security by the public and the investment houses will keep gold in the headlines. I haven't seen too many of those cash for gold stores folding up, just a consolidation of resources to where they are more sophisticated and organized and larger enterprises, the small enterprises joining together or being bought out to create the larger enterprises. Nope, I think the great fleecing of US household gold is still going on. In this environment, I can see gold going to (dare I say it...) $1600 this year in the existing situation where there is continued demand, continued incremental price rises, continued competition for ore, continued creation of funds to bet on the price of gold, continued competition to buy and sell .999 pure gold...how could it not be 1600 by the end of the year? Do realize that we are five monthh, almost halfway through the year and we have gone up maybe 120 buks (almost 10%) from where we started the year so you could just draw a line and say 1400 to 1500 in the next 7 months so maybe 1600 is a bit optimistic.
Hummmmm
I made my predictions here...
Thursday December 31, 2009 11:53 PM
for 2010 Year End:
Gold = $1,337.73
Silver = $21.91
Platinum = $1,833.75
Palladium = $479.08
Dow Jones = 11,053.73
Yep, it still looks about right!
May is usually a slow month for PMs, and I'm thinking that the "stimulus money" will show up sometime between now and Election Day. I'd be surprised if the economy didn't make a "breathtaking recovery" in the next few months. Nothing is as it seems.
I knew it would happen.
silver 12.00