what are your gold and silver predictions for this year?
tahoe98
Posts: 11,388 ✭✭✭
"government is not reason, it is not eloquence-it is a force! like fire, it is a dangerous servant and a fearful master; never for a moment should it be left to irresponsible action." George Washington
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When the "right" people (or governments) have made their money the little guys will be left with the losses.
The fear factor in precious metals prices is very high. This is an ideal time for the market manipulators to make a killing.
Remarkably, this is the same percentage rise the dotcom stocks were predicted to rise in 2000 at the end of 1999!
Liberty: Parent of Science & Industry
The price of precious metals have been manipulated upwards since 2002 (along with the US dollar being manipulated downward 35%) and something should be done about it!
Please ignore all those small PM investors who were taken advantage of and have made money since 2002. It stinks to be manipulated, just like they did to silver from 1965 to 1980.
roadrunner
Economy looks like it may be recovering, but there's the European debt to worry about and our own hole.
Prediction per oz. for 12/31/11...
Gold: $1550
Silver:$36
just to keep it "worthless" coin related
<< <i>they will drop significantly during the year.....gold $1225 oz. and silver $23. 15 oz. the U.S. dollar will regain strength with the (secret) agreements made with China .... the Chinese will continue to invade our markets: real estate, manufacturing sectors, etc. and the American general public will be totally oblivious while watching their favorite sports or "reality" shows....
just to keep it "worthless" coin related >>
I don't see how it can do anything but go up in value , i don't see the dollar regaining significant strength anytime soon.It could well be the PM market has been manipulated so strongly we have never seen the true values.
Ooops , i didn't mean to quote or single your post out , i clicked the wrong button to reply , sorry about that.
Right now, I'm not concerned with Gold
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>There is a PM forum as you may know where this belongs......having said that I predict gold at 1100 and silver at 20 on 12/31/11. They had there runs along with many other commodities. Time for a serious rest in '11. >>
...ummm, gee, i didn't mean to upset you.
be the better bet for the hold.
bob
The big question is if it recovers, if it doesn't recover then gold and silver might still drop a little bit.
Silver $17.50
Gold........ $10,000 an ounce
Silver........$200 an ounce
Oil.............. $1000 a barrell
Dow Jones average....... 19,000
There, it is so much easier to guess out this way and make your plans accordingly. Trying to time anything over a one year period is more gambling than anything else. Long term investing is based more on trends playing out in a logical way. Keeps turnover costs to a minimum also.
Silver $ 34.78
At or around September 2011
Silver - $47
regards,
'dude