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Gold's 15-20% pullback will occur when ?

1645/oz is my guess

Comments

  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Why?
  • PerryHallPerryHall Posts: 46,119 ✭✭✭✭✭
    A major pull back will occur when there is fiscal responsibily in Washington.

    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

  • cladkingcladking Posts: 28,647 ✭✭✭✭✭
    I believe the Fed tried to hold it at 3 for a long time, then at 8, then at
    12 and now they'll try to hold it at 15 or so. Once it settles in at 15 it
    will have a 15% drop.

    I doubt they'll be able to hold it at any level until the debt crisis is over
    and the derivative mess isn't causung immediate problems. There will
    be more derivative time bombs going off.
    Tempus fugit.
  • ProofCollectionProofCollection Posts: 6,117 ✭✭✭✭✭
    What is the purpose of throwing out random dates without any technical logic or other reasoning? Why is the pullback 15-20%? Might as well start a thread, "What will be the lottery numbers this Saturday?"
  • CaptHenwayCaptHenway Posts: 32,120 ✭✭✭✭✭
    Crystal balls on the right, ouija boards on the left, please.

    Those of you who claim to know the future, your padded cell is ready!!!

    image
    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.
  • KonaheadKonahead Posts: 1,476 ✭✭✭


    << <i>A major pull back will occur when there is fiscal responsibily in Washington. >>




    image
    PEACE! This is the first day of the rest of your life.

    Fred, Las Vegas, NV
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    after the election (depending on the results, of course)
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    As in the past ... when all the fortune tellers & telemarketers tell you to buy.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • cladkingcladking Posts: 28,647 ✭✭✭✭✭


    << <i>As in the past ... when all the fortune tellers & telemarketers tell you to buy. >>




    This is the crystal ball that never fails.

    When common wisdom becomes everyone should have 25% of his wealth in gold it will be just a little too late to sell.
    Tempus fugit.
  • CladiatorCladiator Posts: 18,041 ✭✭✭✭✭


    << <i>Gold's 15-20% pullback will occur when ? >>

    Right after I buy a bunch of it.
  • When you least expect it!image
    UCSB Electrical Engineering....... USCG and NASA
  • I don't know about a 15-20% pull back but I'm holding mine till $6,200.00 while its on its way to $7,400.00- $7,700.00
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac


  • << <i>

    << <i>A major pull back will occur when there is fiscal responsibily in Washington. >>




    image >>

    image
  • nutmegnutmeg Posts: 345 ✭✭


    << <i>Crystal balls on the right, ouija boards on the left, please.

    Those of you who claim to know the future, your padded cell is ready!!!

    image >>



    Tea leaves straight ahead. Those reading goat entrails step to the back please.
  • pmacpmac Posts: 3,189 ✭✭✭


    << <i>

    << <i>Gold's 15-20% pullback will occur when ? >>

    Right after I buy a bunch of it. >>


    "Ain't that the truth?"image
    Paul
  • now!
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