Poll: What will happen with Gold in first 24 hours after markets open?

OzzyAndy

After the volatility of the last few days, where will do you think the price will be 1 day after open?

Starting spot price is $1657.20 per ounce.

jmski52

I think gold is different than silver at this point. I think that the worldwide gold buyers are done selling and that the Greek debt problem offsets the increase in margin requirements. No change.

ricko

In the first 24 hours it will increase in price.... no idea what it will be like at the end of the week. Cheers, RickO

pmcollectour

I see the current propping up of the US dollar as a way for those who wish to unload it to sell it at a higher price, and the
taking down of gold as a way to buy more. I suspect that those in charge would probably like to get the US dollar even
higher and the gold price down lower. So I'm looking for 1,500 gold and 24 silver before it's all said and done.

BigE

I sold some maples at 1777.00 a couple of months ago, and hoped to replace them at 1677.00, but checking Kitco and Provident it seems they want 90.00 to 100.00 over spot today----------------BigE

BigE

So I dont feel there will be a rush to buy physical gold at lower prices if the margin remains that high, as far as paper goes on Monday, I say 1595 is the low and then it skyrockets to the 1750 range and settles at 1727 for the day. Will remain way up and down all week----------BigE

1970SilverArt

I think that gold will be down about $20-$30 when the market opens at 6PM.

OPA

<< <i>I think that gold will be down about $20-$30 when the market opens at 6PM. >>



it's getting there...

As in most guesstimates like this thread, the minority usually is correct.

btw..it just got there...down $25+ at 6:35 EDT

OzzyAndy

Yikes, it got past $100 down but has since bounced back up, now it's even got me scared.

OzzyAndy

Looks like gold ended up down about $25-30 in the 24 hours.

Silver was down maybe 10-20 cents.