PMs in 2013
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I think PMs will trend upward in 2013, $1900 gold, $40 silver.
Of course I generally wrong!
Of course I generally wrong!
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It's all about what the people want...
If they haven't with all that should've made them do it by now, why would they then? Manipulation will never go away.
<< <i>I'm wondering if gas, electricity, coal, ect. will also be trending upwards as well. >>
Look for a new round (or two) of quantitative easing in 2013/14.
That's sure to drive up the price of most commodities price in $US.
By the end of President Obama's second term I wouldn't be surprised at $3000 gold and $100 silver.
<< <i>As someone who has played this game for a long time my prediction is gold will be priced between $100 and $10,000, silver will be priced between $5 and $150.
A bold prediction!
<< <i>By the end of President Obama's second term I wouldn't be surprised at $3000 gold and $100 silver. >>
That would be surprising....Highly unlikely though. A more realistic scenario: Gold $1900...silver $47 by the e/o 2015. Only time will tell whose crystal ball or star gazing is more accurate.
For 2013..my c.b. tells me:
Gold: $1789
Silver: $38.50
Plat: $1795
There's too much uncertainty for me to make any real commitment to buy metals in any sizeable quantity right now. I'm buying the kind of bars I like and that's about it, unless of course I come across a quantity that would be foolish not to buy and flip like a pancake.
silver will hit 60
"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
That would be surprising....Highly unlikely though.
I think it's possible, I also think that it's probably going to be a long 4 years.
I knew it would happen.
Knowledge is the enemy of fear
High of $1830
Low of $1540
Silver
High of $39
Low of $19.50
Disclosure: Please note that my crystal ball does have a crack in it and could be off slightly as I dropped it when Ben decided to stop giving deadlines for easing and just tied QE to unemployment.
In the words of Ben "Buzz Lightyear" Bernanke QE "To infinity and beyond!"
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<< <i>I think PMs will trend upward in 2013, $1900 gold, $40 silver. >>
Sounds about right. PM's will trend upward as will inflation and the national debt.
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>gold will hit 2000 silver will hit 60 >>
I believe derryb..... Cheers, RickO
<< <i>
<< <i>gold will hit 2000 silver will hit 60 >>
I believe derryb..... Cheers, RickO >>
Much higher if FED loses control of interest rates. Interest rates are the canary in the coal mine.
"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
Gold $1450 -$1550
Silver $24-$26
That being said, I can see the metals exploding to the upside providing the markets finally get off of the sugar rush form the govt policies... But that would take logic. That seems to be lacking in America today...
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If I am wrong its good for net worth. Rising silver prices bring cool old poured bars out of hiding.
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<< <i>
<< <i>gold will hit 2000 silver will hit 60 >>
I believe derryb..... Cheers, RickO >>
Well if that happens, as the saying goes: "even a broken clock tells the correct time twice daily"
Silver $16
Platinum $1000 at end of 2013.
Due to Financial Collapse. PMs will be sold off like in 08 The Bernak Magic Money Machine where do wonders.
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It's at $30 dollars now:
Start at + or - $10 an ounce and increase these increments by $5 and I feel extremely confident we'll see........ $40 an ounce before $20 an ounce; $45 before $15; we'll see $50 before $10 and we'll see $55 before $5.
Invest in the long term trend.
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<< <i>Gold $1200
Silver $16
Platinum $1000 at end of 2013.
Due to Financial Collapse. PMs will be sold off like in 08 The Bernak Magic Money Machine where do wonders. >>
That would be below the current all-in cost to mine gold and silver. Certainly, that would cause a problem with miners supplying the market at current production rates.
It would be no different than say auto dealers having to sell $20,000 new cars for $14,000. They wouldn't be able to withstand the losses for very long without cutting back
on staff, inventory, etc. But no doubt the govt would step in to provide the necessary $6,000 per car subsidy to keep the game going longer. They would not do that with miners.
<< <i>Gold $1200
Silver $16
Platinum $1000 at end of 2013.
Due to Financial Collapse. PMs will be sold off like in 08 The Bernak Magic Money Machine where do wonders. >>
That would be below the current all-in cost to mine gold and silver. Certainly, that would cause a problem with miners supplying the market at current production rates.
It would be no different than say auto dealers having to sell $20,000 new cars for $14,000. They wouldn't be able to withstand the losses for very long without cutting back
on staff, inventory, etc. But no doubt the govt would step in to provide the necessary $6,000 per car subsidy to keep the game going longer. They would not do that with miners.
Miners were able to profit hansomely back in 2007-2009 at $700-$1,000 gold as their expense were well under control, especially exploration expenses. At today's $1650 gold they
are actually doing worse than they were when gold was last at $1200. A return to that level could force many of them to close down unprofitable mines or even the entire company.
Most don't have the cash reserves to withstand months (or years) of $1200 gold. Now if oil can drop to $25-$50/barrel again and skilled labor and supplies get real cheap as well, then
maybe then can make a go of it. As long as money is being keystroked into existance at 10% per year I don't see how the cost of supplies and labor are going to drop off the map.