The Dow/Gold and Gold/Silver ratios will continue to decline.
<< <i>In NIA's top 10 predictions for 2010, we predicted major declines in the Dow/Gold and Gold/Silver ratios. The Dow/Gold ratio was 9.3 at the time and finished 2010 down 15% to 8.1. The Gold/Silver ratio was 64 at the time and finished 2010 down 28% to 46. We expect to see the Dow/Gold ratio decline to 6.5 and the Gold/Silver ratio decline to 38 in 2011. Later this decade, we expect to see the Dow/Gold ratio bottom at 1 and the Gold/Silver ratio decline to below 16 and possibly as low as 10. >>
A GSR of ten????
Does that mean Gold $100 / Silver $10 or Gold $10,000 / Silver $1,000.
My two cents (copper and worth more than a nickel) are that on 31 Dec 11:
Gold: $1555.40 (few swings up and down)
Silver: $39.03 ( a big swing up and then down)
Copper: $5.15 a pound (one panic swing up followed by a move back down)
DJIA: 12,509
U.S. and China will escalate a "war" using other means of governmental power besides Military, meaning mainly economic. A few in the government will proclaim this.
Bonds will NOT default in the U.S. unless they belong to a city, county or state. California, Illinois and a couple of other states I can't remember will seriously press the Fed to BAIL THEM OUT. Fed will sort of help them.
The U.S. economy will be lukewarm. Lower wage jobs will be available.
Housing will move sideways overall. Some markets will improve, others will not.
Inflation will win over deflation especially when it comes to things you eat.
Oil prices will move sideways.
Nasty people will do nasty things using the internet.
Coin prices will become more dependent on metal content than on grade.
The U.S. cent will suddenly stop being made and it will leak out to the press that the Federal Reserve is sorting out the copper ones and selling both them and the 97.5% zinc ones to industry.
The U.S. nickel will be nickel coated steel unless that doesn't work in vending machines.
Elimination of the paper dollar will be discussed in subcommittee and shelved as politicians fear the public.
Creation of an "electronic wallet" in smart phones will begin to reduce cash transactions.
Precious metals will surprise on the downside in the first half and surprise on the upside in the second half. Gold will top $1650 and silver will top $50. This will confirm the third phase of the bull market in precious metals.
Many successful BST transactions ajia (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes, mariner67, and Mikes coins
I think gold will hit a high of $1800 and silver at $38.
This will be between July and October. As Congress tries to take bites out of the Health Care bill, they will say (as they already are) "The only way to drive the debt down is to cut spending and if this is not done we "may" experience hyperinflation". By Fall, the cooler heads will prevail and beat down this politically motivated fear-mongering.
By the end of the year, around November gold will fall to $1200 and silver will drop to $18. This will be because the 1099 will not have been removed from the Health Care bill and gold buyers will panic.
It might recover to $1300 and $20 by the end of the year.
Please correct me if I am wrong but the healthcare bill clause on 1099 for transactions over $600 is only restricted to business entities? not individuals purchasing for personal use?
<< <i>Gold: $1855 Silver: $55.55 Dow: 14,555 Happy 2011...2010 was an awesome year!!! >>
This one looks good so far. >>
I could see those for highs. Health care bill $600 transaction rider is now gone. Read an interesting update today from Nadeem Walayat who is figuring 14,200+ on the Dow by Dec or early 2012. That supposes continued QE the rest of the year lifts all markets (except fiat and TBonds). NW suggests that this year selling in May and going away might be a mistake. He thinks the Dow will run >13,000 by the end of the summer or early fall. Hmmm?
Does that mean Gold $100 / Silver $10 or Gold $10,000 / Silver $1,000. >>
Both scenarios would have a GSR of 10.
GSR is a'Ratio'.
A GSR of "10" = 100/10 = 1000/100 = 10000/1000 = 8888/888. >>
Sorry, but 8888/888 is not 10. Perhaps you meant 8880/888 is 10.
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
I think gold will hit a high of $1800 and silver at $38.
This will be between July and October. As Congress tries to take bites out of the Health Care bill, they will say (as they already are) "The only way to drive the debt down is to cut spending and if this is not done we "may" experience hyperinflation". By Fall, the cooler heads will prevail and beat down this politically motivated fear-mongering.
By the end of the year, around November gold will fall to $1200 and silver will drop to $18. This will be because the 1099 will not have been removed from the Health Care bill and gold buyers will panic.
It might recover to $1300 and $20 by the end of the year.
Gold - $1545.60 today. Missed calling the high by about $100 (too low) Missed the end-of-year price by about $245 (too low) Silver - $27.39 today. Missed the high by about $12 (too low) missed the end-of-year price by about $7 (too low).
I think you would have done well by following my prediction though. You would have sold too early and would still be waiting to buy back in, or are still holding your short positions in GLD and SLV.
The only thing that I got right about silver in 2011 is that silver would not hit $50 in 2011 and silver did not hit $50 in 2011. It came very close at $49.85 (Kitco intra-day high reached in April 2011) but close does not count.
DISCLAIMER: I am NOT a '70's silver art bar expert but I try my best to play one on the Internet.
Comments
Silver $27.60
The wind must have blown those predictions in.
Silver: $55.55
Platinum: $2155
Palladium: $1255
Dow: 14,555
Happy 2011...2010 was an awesome year!!!
Overdate, BestMR, Weather11AM, TDEC1000, Carew4me, BigMarty58, Coinsarefun, Golfer72, UnknownComic, DMarks, JFoot13, ElKevvo, Truthteller, Duxbutt, TwoSides2aCoin, PerryHall, mhammerman, Papabear, Wingsrule, WTCG, MillerJW, Ciccio, zrlevin, dantheman984, tee135, jdimmick, gsa1fan, jmski52, SUMORADA, guitarwes, bstat1020, pitboss, meltdown, Schmitz7, 30AnvZ28, pragmaticgoat, wondercoin & MkMan123
Silver- $50
silver 20
The Dow/Gold and Gold/Silver ratios will continue to decline.
<< <i>In NIA's top 10 predictions for 2010, we predicted major declines in the Dow/Gold and Gold/Silver ratios. The Dow/Gold ratio was 9.3 at the time and finished 2010 down 15% to 8.1. The Gold/Silver ratio was 64 at the time and finished 2010 down 28% to 46. We expect to see the Dow/Gold ratio decline to 6.5 and the Gold/Silver ratio decline to 38 in 2011. Later this decade, we expect to see the Dow/Gold ratio bottom at 1 and the Gold/Silver ratio decline to below 16 and possibly as low as 10. >>
A GSR of ten????
Does that mean Gold $100 / Silver $10 or Gold $10,000 / Silver $1,000.
the final "hard down" phase of the 60-year cycle of deflation will be in full swing
Knowledge is the enemy of fear
My two cents (copper and worth more than a nickel) are that on 31 Dec 11:
Gold: $1555.40 (few swings up and down)
Silver: $39.03 ( a big swing up and then down)
Copper: $5.15 a pound (one panic swing up followed by a move back down)
DJIA: 12,509
U.S. and China will escalate a "war" using other means of governmental power besides Military, meaning mainly economic. A few in the government will proclaim this.
Bonds will NOT default in the U.S. unless they belong to a city, county or state. California, Illinois and a couple of other states I can't remember will seriously press the Fed to BAIL THEM OUT. Fed will sort of help them.
The U.S. economy will be lukewarm. Lower wage jobs will be available.
Housing will move sideways overall. Some markets will improve, others will not.
Inflation will win over deflation especially when it comes to things you eat.
Oil prices will move sideways.
Nasty people will do nasty things using the internet.
Coin prices will become more dependent on metal content than on grade.
The U.S. cent will suddenly stop being made and it will leak out to the press that the Federal Reserve is sorting out the copper ones and selling both them and the 97.5% zinc ones to industry.
The U.S. nickel will be nickel coated steel unless that doesn't work in vending machines.
Elimination of the paper dollar will be discussed in subcommittee and shelved as politicians fear the public.
Creation of an "electronic wallet" in smart phones will begin to reduce cash transactions.
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins
<< <i> A GSR of ten????
Does that mean Gold $100 / Silver $10 or Gold $10,000 / Silver $1,000.
Both scenarios would have a GSR of 10.
GSR is a'Ratio'.
A GSR of "10" = 100/10 = 1000/100 = 10000/1000 = 8888/888.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
This will be between July and October. As Congress tries to take bites out of the Health Care bill, they will say (as they already are) "The only way to drive the debt down is to cut spending and if this is not done we "may" experience hyperinflation". By Fall, the cooler heads will prevail and beat down this politically motivated fear-mongering.
By the end of the year, around November gold will fall to $1200 and silver will drop to $18. This will be because the 1099 will not have been removed from the Health Care bill and gold buyers will panic.
It might recover to $1300 and $20 by the end of the year.
CU Ancient Members badge member.
Collection: https://flickr.com/photos/185200668@N06/albums
Platinum $1300
Gold $1100
Silver $22
Dow 17,000
Liberty: Parent of Science & Industry
Gold $1420
Plat $2000
unless the middle east blows up than who knows!
Fred, Las Vegas, NV
Gold 1480.00
<< <i>Gold: $1855
Silver: $55.55
Dow: 14,555
Happy 2011...2010 was an awesome year!!! >>
This one looks good so far.
<< <i>
<< <i>Gold: $1855
Silver: $55.55
Dow: 14,555
Happy 2011...2010 was an awesome year!!! >>
This one looks good so far.
I could see those for highs. Health care bill $600 transaction rider is now gone. Read an interesting update today from Nadeem Walayat who is figuring 14,200+ on the Dow by Dec or early 2012. That supposes continued QE the rest of the year lifts all markets (except fiat and TBonds). NW suggests that this year selling in May and going away might be a mistake. He thinks the Dow will run >13,000 by the end of the summer or early fall. Hmmm?
roadrunner
<< <i>
<< <i> A GSR of ten????
Does that mean Gold $100 / Silver $10 or Gold $10,000 / Silver $1,000.
Both scenarios would have a GSR of 10.
GSR is a'Ratio'.
A GSR of "10" = 100/10 = 1000/100 = 10000/1000 = 8888/888. >>
Sorry, but 8888/888 is not 10. Perhaps you meant 8880/888 is 10.
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
I am not going to cheat and make a prediction when the year is 1/3 over
Experience the World through Numismatics...it's more than you can imagine.
<< <i>I can only guarentee gold and silver prices
Pretty good so far Chumley.
<< <i>Platinum $1300
Gold $1100
Silver $22
Dow 17,000 >>
This train is slowly pulling out of the station Baley.
Liberty: Parent of Science & Industry
<< <i>Silver and gold will continue to fail miserably.
MJ >>
You can eddit your thread by removing the wink.
a few Fibonacci cycle watchers had notices in early August about gold peaking later that month.
we are NOT in for much excitement next year.
This will be between July and October. As Congress tries to take bites out of the Health Care bill, they will say (as they already are) "The only way to drive the debt down is to cut spending and if this is not done we "may" experience hyperinflation". By Fall, the cooler heads will prevail and beat down this politically motivated fear-mongering.
By the end of the year, around November gold will fall to $1200 and silver will drop to $18. This will be because the 1099 will not have been removed from the Health Care bill and gold buyers will panic.
It might recover to $1300 and $20 by the end of the year.
Gold - $1545.60 today. Missed calling the high by about $100 (too low) Missed the end-of-year price by about $245 (too low)
Silver - $27.39 today. Missed the high by about $12 (too low) missed the end-of-year price by about $7 (too low).
I think you would have done well by following my prediction though. You would have sold too early and would still be waiting to buy back in, or are still holding your short positions in GLD and SLV.
The reason I gave was not a factor.
<< <i>today is the day to determine who's crystal ball had the best end of year prediction. >>
I believe mine was spot on.
I think I'll keep stacking!!
Remember for the last 12 months..... gold is still up $174 an ounce and silver is basically even (eventhough it's been a wild ride!!).
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>
<< <i>today is the day to determine who's crystal ball had the best end of year prediction. >>
I believe mine was spot on.
I think I'll keep stacking!!
Remember for the last 12 months..... gold is still up $174 an ounce and silver is basically even (eventhough it's been a wild ride!!). >>
Really? (Your predictions are posted below)
"Dec 31, 2011:
Gold: $1823
Silver: $43.40
But....sometime during the year, Silver will drop to $24.00. "
If that was the best prediction for year end, we need to toss out all of our cb's