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High & Low for Gold between now and Dec 31, 2011

PlanchetPlanchet Posts: 294
in Precious Metals
What's your best guess as to the high and low of gold between now and Dec 31,2011 and what will gold close at on New Years eve 2011?

Comments

  • pmcollectourpmcollectour Posts: 1,211 ✭
    LOW 1698

    HIGH 1989
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>LOW 1698

    HIGH 1989 >>



    Well, you missed the low, so far, by $100..$1598 ..not sure if your high is obtainable this year...do you still feel the same?

    My wild guess...$1798 high by years end.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • JulioJulio Posts: 2,501 ✭
    Low has already been set; $1598.00. Should finish, $1,789.00. Take care. jws
    image
  • lightcyclerlightcycler Posts: 546 ✭
    low 1498 high 1823
  • cohodkcohodk Posts: 19,102 ✭✭✭✭✭
    No higher than 1755 and hopefully it doesnt break 1500.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • ksammutksammut Posts: 1,074 ✭✭✭
    The low was already set and the high will be back in the $1900 plus range - $1927 by the end of the year.

    American Numismatic Association Governor 2023 to 2025 - My posts reflect my own thoughts and are not those of the ANA.My Numismatics with Kenny Twitter Page

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  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>The low was already set >>



    Really? With more than 2 month to go ... don't bet on it.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    So much depends on Greece/Europe.... however, it could still hit $2000 by years end... (ever the optimist)..image ) Cheers, RickO
  • jeremymjeremym Posts: 330
    Of course I buy a $25 AGE MS69 last night and gold takes a mini-tank this morning. Such is life.

    Low: 1575
    High: 1956
    Close: 1823
  • DoubleEagle59DoubleEagle59 Posts: 8,307 ✭✭✭✭✭
    I try not to estimate the short term price of PM's - way too volatile.

    I've very confident sometime next year it will be north of $2000.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>

    << <i>The low was already set >>



    Really? With more than 2 month to go ... don't bet on it. >>



    me, too

    i'm hoping for a close at least $100 above last year's which would be about $1540-ish.

    somewhere in Sinclair's purgatory, for now. or maybe Lucifer is one of his angels?

    again it's my SWAG
  • OzzyAndyOzzyAndy Posts: 344
    $1500-1900
    Still thinking of what to put in my signature...
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    1568-1792

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • StaircoinsStaircoins Posts: 2,566 ✭✭✭

    1500-1800 by 12/31/11

    1650-2100 in 2012


    I am still bullish overall, but I think we'll see some gyrations along the way. PM investing is not for the feint of heart.

  • AuAgPtAuAgPt Posts: 100
    Dec 30, 2011: $1766/oz gold. a lot of sideways trading next 6 months with some uptrend.
  • NumbersUsacomNumbersUsacom Posts: 1,457 ✭

    $2,100-$2,500 Gold and $75-$85 Silver by Dec 31
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    "Every minute of the day the central banks of the world put out 2 million dollars in new currency. At the same time the world’s mines produce 90 ounces of gold. The ratio is 22,000 to 1. As long as this process continues - gold will rise." - Peter Degraaf

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,102 ✭✭✭✭✭


    << <i>"Every minute of the day the central banks of the world put out 2 million dollars in new currency. At the same time the world’s mines produce 90 ounces of gold. The ratio is 22,000 to 1. As long as this process continues - gold will rise." - Peter Degraaf >>




    The total value of currency in circulation globally is about $4-5 trillion. The total value of gold above ground is about $8-9 trillion.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <i>

    << <i>"Every minute of the day the central banks of the world put out 2 million dollars in new currency. At the same time the world’s mines produce 90 ounces of gold. The ratio is 22,000 to 1. As long as this process continues - gold will rise." - Peter Degraaf >>




    The total value of currency in circulation globally is about $4-5 trillion. The total value of gold above ground is about $8-9 trillion. >>


    His point for those that don't see it: The extreme rate at which currency is currently being inflated will only inflate the price of gold when measured in that currency. It's not about total amounts, it's about acceleration of supply of one thing measured against the slow production of the other. As the supply of dollars increases, more of them will be offered for something that is not seeing the same rate of increase in supply.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,102 ✭✭✭✭✭
    I understand exactly the point he is trying to prove. My point is that there is already twice the supply of gold as there are dollars. I disagree with his premise that just because dollars are printed faster than gold is mined, guarantees a higher gold price.


    I see many flaws in his reasoning which we could discuss, but would take this thread off course.


    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • WingsruleWingsrule Posts: 3,010 ✭✭✭✭
    Sold a bunch of 90% this a.m. I see lower prices ahead for both gold and silver.
  • BigRickBigRick Posts: 1,334
    1450
    1950

    But if gold goes to 3000 I make over a $million$ image
    My Sets
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    I think we've seen the highs for gold for the year. Lows could be in the high 1400s before the year is out. I'd guess it finishes the year right here, at around 1600

    Liberty: Parent of Science & Industry

  • 57loaded57loaded Posts: 4,967 ✭✭✭
    we seem to be seeing a $25 up one day $25 down the next, seems like the doldrums.

    if we close below last years price it will be talked and blogged about the end of golds run. and probably a drop to $1250. a lot has been rigged now to slow down speculation in the paper trades.


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