$20 Silver, Where is $1000 Gold?
ChrisRx
Posts: 5,619 ✭✭✭✭
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ChrisRx
Posts: 5,619 ✭✭✭✭
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<< <i>Maybe we'll have silver in the $3 range again along with gold in $300+? >>
<< <i>Maybe we'll have silver in the $3 range again along with gold in $300+? >>
For the love of Budda, if Silver hit 3 bucks and ASEs were 5 bucks I would own a boat load!
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<< <i>Maybe we'll have silver in the $3 range again along with gold in $300+? >>
For the love of Budda, if Silver hit 3 bucks and ASEs were 5 bucks I would own a boat load! >>
I think that you might have a tough time getting someone to sell you a wheelbarrow load much less a boatload.
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<< <i>
<< <i>Maybe we'll have silver in the $3 range again along with gold in $300+? >>
For the love of Budda, if Silver hit 3 bucks and ASEs were 5 bucks I would own a boat load! >>
I think that you might have a tough time getting someone to sell you a wheelbarrow load much less a boatload. >>
I think if silver went to $3, we would have much more important issues to contend with.
But to the OP, generally PMs bottoms with a GSR north of 70. So $1000 gold would imply $14-$15 silver.
Knowledge is the enemy of fear
what would be a big surprise to most, would be a return to $45 silver and $1900 gold in the same time frame
Liberty: Parent of Science & Industry
<< <i>it would not surprise many market watchers to see $14 silver and $1000 gold within the next 12 to 20 months.
what would be a big surprise to most, would be a return to $45 silver and $1900 gold in the same time frame >>
And I'll go on record with an outlook of just the opposite. By year end I expect us to be much closer to the high end of your numbers than the low end.
"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
<< <i>
<< <i>it would not surprise many market watchers to see $14 silver and $1000 gold within the next 12 to 20 months.
what would be a big surprise to most, would be a return to $45 silver and $1900 gold in the same time frame >>
And I'll go on record with an outlook of just the opposite. By year end I expect us to be much closer to the high end of your numbers than the low end. >>
Gotta hand it to you derryb, you certainly are the captain of your ship.
Knowledge is the enemy of fear
<< <i>it would not surprise many market watchers to see $14 silver and $1000 gold within the next 12 to 20 months.
what would be a big surprise to most, would be a return to $45 silver and $1900 gold in the same time frame >>
Looks like $14 silver and $1000 gold will be here a lot sooner than 12 to 20 months. I'm a long run PM bull but let's be honest, current scenarios favor another 20% drop from current levels by this fall. 20 months from now we should be on another leg up assuming Uncle Ben keeps his printing presses running and he really doesn't have much in the way of options these days..........
Amat Colligendo Focum
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Kitco
<< <i>
<< <i>it would not surprise many market watchers to see $14 silver and $1000 gold within the next 12 to 20 months.
what would be a big surprise to most, would be a return to $45 silver and $1900 gold in the same time frame >>
And I'll go on record with an outlook of just the opposite. By year end I expect us to be much closer to the high end of your numbers than the low end. >>
Gentlemen I believe we have got ourselves a horserace.
" I'll bet my money on the bobtail nag, somebody bet on the bay........"
<< <i>$20 Silver, Where is $1000 Gold? >>
Patience grasshopper. It will get there soon enough.
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<< <i>
<< <i>it would not surprise many market watchers to see $14 silver and $1000 gold within the next 12 to 20 months.
what would be a big surprise to most, would be a return to $45 silver and $1900 gold in the same time frame >>
And I'll go on record with an outlook of just the opposite. By year end I expect us to be much closer to the high end of your numbers than the low end. >>
Gotta hand it to you derryb, you certainly are the captain of your ship. >>
I hope it's not a "sinking ship," if so, the Captain normally goes down with the ship or is the last one to abandon it.
<< <i>I hope it's not a "sinking ship," if so, the Captain normally goes down with the ship or is the last one to abandon it.
Life preservers are important and in place.
"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
<< <i>
<< <i>I hope it's not a "sinking ship," if so, the Captain normally goes down with the ship or is the last one to abandon it.
Life preservers are important and in place. >>
I dont get comfort from a captain who is wearing a life jacket.
Knowledge is the enemy of fear
I knew it would happen.
Be amazed at the friends you've got there on your trip.
Ride captain ride on your mystery ship,
On your way to a world that others might have missed
For example: silver will end 2013 below $20 and gold below $1200.
Liberty: Parent of Science & Industry
<< <i>Goldman today forecast $1000 gold by 12/14. That means it will go up, right? >>
Yes, the same Goldman who with JPM, BoA, and MS are currently massively net long gold futures to the tune of about 56,000 contracts. Those guys are going to merrily ride gold down to $1000 while they are positioned like this? If so, I guess they have become the "dumb" money. Fwiw they've been this heavy basically since the June crash. On the flip side though they are heavily short silver. So they apparently see a rising GSR. I still think GSR is following the 2003-2009 scenario and has already topped out at 67.5 similar to October 2008. We may still see GSR at 64-66 again in 2013 but that's about it imo. Gold and silver have deviated from major support zones for an unusually long 8-9 months now ($1488-$1525/$26)...and they made no formal attempt to back test those break downs yet. That's very uncharacteristic of how they usually work. The longer they stay away the better the odds they revert back to the mean and retest former support. NY traders never got to see the crash from $1525 to $1488. At some point they will exercise their rain check on trading that range. I'm sort of with derryb that the most amount of chaos would be caused by gold doing a "surprise" back test to those break down zones. It seems everyone and their brother is figuring gold's next move is $900-$1100. After the 8 month $400 drop into 2012 gold at least bounced for 4 months. Into the 2013 low gold dropped $600 in 8 months and saw a piddly 2 month bounce. Something is not quite right with this picture. The huge June candle with a range of $1233-$1395 is currently dictating the trading band.
Silver and gold are both sitting on horiz support lines ($1270/$20.5) that go back to July/August. So they are both about where they need to be. The market needs to trash the most participants. So would that occur at $1,000 gold or $1500 gold? I think derryb is the first bull I've run into in surfing the web for the past week.
"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
<< <i>Would need a GSR of 50:1 at current silver level to get 1K gold. At the time of this post GSR is at just over 62 which roughly supports the current gold price of 1200+ ..... >>
Most likely $1000 gold would coincide with a GSR north of 75, or $13-14 silver.
Knowledge is the enemy of fear