So, is the GS(?) prediction of $2,000 gold by Year's end gonna happen?

renman95 · November 17, 2011 12:20PM

Where B the MoMo?

mrearlygold · November 17, 2011 12:51PM

MoMo ?

OzzyAndy · November 17, 2011 6:23PM

Well it's been going up and down but a $300 gain in a month isn't completely off the table, especially with the possibility of big shocks (expected as they may be) in Europe.

KUCH · November 17, 2011 8:39PM

I prefer a nice steady up tic. Doesn't matter to me if it's Dec 31 or March of 2012.

RedTiger · November 17, 2011 10:06PM

I vote Meow Meow not momo. Gold chart (GLD) looks like a text book example of a rally failure on low volume. YMMV, and there are still those on this forum that say charts are meaningless. Okay.

jmski52 · November 17, 2011 10:20PM

Does the current chart weakness signify:

1) a strong dollar due to the European debt crisis?

2) a rush to liquidate all assets in front of the stock market breakdown?

3) a lack of inflationary expectations?

4) a recognition that the US debt problem can be managed away over time?

5) confirmation Elliot Wave theory expectations?

Don't charts mainly reflect current cash positions juxtaposed over historical price movements? I don't know that I'd go along with the idea that charts can gauge market sentiment, and we've got alot of market sentiment going on here.

renman95 · November 17, 2011 11:01PM

1) strong dollar, relative
2) ding, ding, ding, ding....
3) ?, Thanksgiving will cost us nearly 15% more this year. But were told inflation is around 2% (shhhh, excluding volatile food and energy). "These are not the inflationary droids you are looking for."
4) never gonna happen....
5) EW, to hard to figure out in advance. Only obvious after the fact when numbers are messaged.

So, #2...final answer. But what happens after the Euro crisis plays out?

johnny9434 · November 18, 2011 3:51AM

i would think so but then again thats why i dont gamble like that

OPA · November 19, 2011 12:01AM

<< So, is the GS(?) prediction of $2,000 gold by Year's end gonna happen? >>

Ever heard of the expression: "when Hell freezes over?"

Baley · November 19, 2011 12:16AM

My opinion is that gold will not exceed $1850 nor silver exceed $40 for the remainder of 2011.

In fact, I think we're in for trading ranges of 1650-1850 and 28-38 for quite a while

Coyn · November 20, 2011 3:17AM

Some actually believe we will cyut spending and all will be well. We may see a real pop when they finally see the guys on Capital hill won't pass anything that cuts spending and the "out of control" phase really kicks in.

jdimmick · November 20, 2011 3:47AM

I did a few months ago, but know not, at least by year end.

mikeyg · November 20, 2011 4:30AM

Thats ok all....I will just keep stacking.Perhaps at bargain prices.

cohodk · November 20, 2011 11:58PM

<< My opinion is that gold will not exceed $1850 nor silver exceed $40 for the remainder of 2011.

In fact, I think we're in for trading ranges of 1650-1850 and 28-38 for quite a while >>

Barring a parabolic spike, the metals have probably gotten all the attention they deserve. Dramatic outperformance, like we've seen over the past decade, is probably over.

Timbuk3 · November 21, 2011 5:06AM

I think silver will stay in a range of between $30-$35
and gold at around $1650-$1750 till the end of the
year !!!

PerryHall · November 21, 2011 5:08AM

Looks less and less likely.

57loaded · November 22, 2011 1:34AM

no, i'd probably say 8 to 1 odds against...just my SAWG

important to see what the close is for POG 12/30/2011 vs 2010 chart~wise

Kd5ddo · November 22, 2011 1:44AM

<< "These are not the inflationary droids you are looking for." >>

LOVE IT!! But I totally agree. The same with the unemployment number... Different debt books... Etc ex etc...

Mook · November 22, 2011 2:13AM

<< 

<< "These are not the inflationary droids you are looking for." >>

LOVE IT!! But I totally agree. The same with the unemployment number... Different debt books... Etc ex etc... >>

I believe the USA is at a unique point in time.
Economic factors point to deflation (high unemployment, spending way down, house prices collapsing still, prime rate near zero).
OTOH, the Fed is printing more money like it's going out of style, which normally would lead to inflation.
Long term, I expect gold to continue an upward trend (silver too).
By the end of 2011 we may see $1850 gold, $37 silver but there will be wide fluctuations on the way.
But, as the man said, your guess is as good as mine.

ricko · November 22, 2011 3:02AM

While my personal prediction (along with others) was for $2000 gold by years end, I think it is more likely to be $1800-$1900... of course, predictions are just guesses... whether gut feel or arrived at through tedious hours of chart analysis and blog reading.... We shall see...six weeks from now, let's have a thread on "Where we are".... Cheers, RickO

OPA · December 15, 2011 8:32AM

<< My opinion is that gold will not exceed $1850 nor silver exceed $40 for the remainder of 2011.

In fact, I think we're in for trading ranges of 1650-1850 and 28-38 for quite a while >>

Good call so far..little bid high on your Gold range. As much as I would like to see Silver at $40+ again...it's unlikely to happen any time soon.

Yukoncornelius1 · December 16, 2011 4:18AM

Why would anyone trust anything that GS has to say??? GS probably put on a pile of extra shorts after their prediction, lure the lemmings in then push them off the cliff and if it all blows up in your face get the taxpayers to bail you out.

OPA · December 16, 2011 4:46AM

<< Why would anyone trust anything that GS has to say??? GS probably put on a pile of extra shorts after their prediction, lure the lemmings in then push them off the cliff and if it all blows up in your face get the taxpayers to bail you out.

>>

Not this time...instead they are laying off 1k+ workers, who probably were not involved in the above scheme.

Baley · December 16, 2011 7:35AM

I was as surprises as anyone when it broke $1650, we see it climbing back from the momentary oversell, soon to be back in the range. Silver once again held $28. I just think there are a lot of people that want to buy silver under 30 and sell it near 40 and am now even more confident it's rangebound. Platinum IMO should be closer to 1800 with the sister metals where they are.

cladking · December 18, 2011 5:33AM

It appears that reserve banking in secured metal in warehouses has finally been exposed. It appears
some of this metal for which customers are being charged a dusting fee has been sold to more than a
single person.

God only knows how much money is actually in gold and silver and how fast warehouse receipts can be
converted to metal in hand.

What a mess!

cohodk · December 18, 2011 11:23PM

GS out with another bullish prediction. Ut oh.

shorecoll · December 19, 2011 2:57AM

On CNBC at lunchtime, the commentators stated that many hedge funds have liquidated their PM positions for the year and have gone on vacation until 2012. All of the volatility is on extremely light volume.

cohodk · December 19, 2011 3:39AM

<< On CNBC at lunchtime, the commentators stated that many hedge funds have liquidated their PM positions for the year and have gone on vacation until 2012. All of the volatility is on extremely light volume. >>

Over the past week, volume on GLD has been about the average over the last 2 months.

NumbersUsacom · December 19, 2011 6:00AM

<< 

<< My opinion is that gold will not exceed $1850 nor silver exceed $40 for the remainder of 2011.

In fact, I think we're in for trading ranges of 1650-1850 and 28-38 for quite a while >>

Barring a parabolic spike, the metals have probably gotten all the attention they deserve. Dramatic outperformance, like we've seen over the past decade, is probably over. >>

Hey now, my GUT feeling is Silver is headed to $350.00 and Gold up to the $ 7,000.00 range for a grand parabolic spike that has been anticipated for the past 30 years.
My new motto "Don't Tread on my Guts"

ricko · December 19, 2011 6:11AM

I do not believe it will hit $2K... I did, but things have changed. This will continue until the European mess plays out. Cheers, RickO

cladking · December 19, 2011 9:05AM

<< 

<< 

<< My opinion is that gold will not exceed $1850 nor silver exceed $40 for the remainder of 2011.

In fact, I think we're in for trading ranges of 1650-1850 and 28-38 for quite a while >>

Barring a parabolic spike, the metals have probably gotten all the attention they deserve. Dramatic outperformance, like we've seen over the past decade, is probably over. >>

Hey now, my GUT feeling is Silver is headed to $350.00 and Gold up to the $ 7,000.00 range for a grand parabolic spike that has been anticipated for the past 30 years.
My new motto "Don't Tread on my Guts"

>>

I believe gold to $5000 is a done deal. Above that would cause me consternation since I'm still
long on the US and world economies. Someday silver will go higher. I don't believe even $50 is
for sure when gold hits 5000 but the gold silver ratio will be five in the not so distant future. It's
possible the economy will be repaired by then and government budgets will be in balance but in
the next couple or three decades five ounces of silver will buy an ounce of gold. This won't last
because silver production can be increased.

cohodk · December 19, 2011 10:43AM

<< I do not believe it will hit $2K... I did, but things have changed. This will continue until the European mess plays out. Cheers, RickO >>

I thought the prospect of a major currency or country collapsing was supposed to be good for gold? I guess things have changed.

cladking · December 19, 2011 12:30PM

<< 

<< I do not believe it will hit $2K... I did, but things have changed. This will continue until the European mess plays out. Cheers, RickO >>

I thought the prospect of a major currency or country collapsing was supposed to be good for gold? I guess things have changed. >>

Nothing has changed.

You still can't fool mother nature.

No matter how hard they try. You can't take out more than you put in and the bankers can't change logic and math.

There are absolutes and there are truths. They will bite youin the end.

silverstreak · December 19, 2011 6:43PM

Not happening by years end. Will happen early 2012. March I'd say.

So, is the GS(?) prediction of $2,000 gold by Year's end gonna happen?

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