What will happen with the price of gold ?

CMCART · February 21, 2015 1:56AM

NO !

5 years until yesterday

Type2 · February 21, 2015 2:11AM

Gold will keep falling till it hit's $500 or so then i'm in again to hord till the next round. What go's up must come down.

jdimmick · February 21, 2015 2:16AM

Il be the first to say I hate the stuff, I hate bullion

And I still think it has lower to go, but 1000 is about the lowest I see it could possibly go before a tremendous volume of buyers jump in

Baley · February 21, 2015 2:29AM

What will happen with the price of gold?

The exact same thing that will happen to the price of silver, copper, wheat, cotton, sugar, corn, crude oil, coffee, and frozen concentrated orange juice, among other commodities.

it will fluctuate.

ricko · February 21, 2015 3:24AM

It will go up......and likely within the next 12 to 18 months... Cheers, RickO

BryceM · February 21, 2015 3:27AM

It will go up......... or down, and then up or down almost every single day until the end of time.

derryb · February 21, 2015 3:37AM

It will move the direction of oil and opposite the direction of the dollar index. Escape from deflation will unlock the pearly gates.

CaptHenway · February 21, 2015 3:52AM

It will go up and down at random intervals.

roadrunner · February 21, 2015 4:13AM

<< It will move the direction of oil and opposite the direction of the dollar index. Escape from deflation will unlock the pearly gates. >>

The dollar vs. gold track fairly well. But the currency pairs USD/JPY, USD/AUD, and USD/CAC have tracked even better since 2000. There are months at a time when the dollar doesn't correlate all that well to gold. During 2009-2011 the correlation between the dollar and gold was not good at all. And during the recession/deflation of 2000-2003 gold gained 50% in price while silver and the stock market were down. Gold can rally during deflations and rise along with the dollar for long periods of time.

bidask · February 21, 2015 4:26AM

It will be met with a lot of selling as the price goes up.

DoubleEagle59 · February 21, 2015 4:30AM

Who really cares about the $$ price, (I don't and that's the honest truth).

Just keep buying ounces.

crypto79 · February 21, 2015 4:31AM

I see it sub 1k back around 800 which seems to me to be a more natural level

messydesk · February 21, 2015 5:06AM

<< The exact same thing that will happen to the price of silver, copper, wheat, cotton, sugar, corn, crude oil, coffee, and frozen concentrated orange juice, among other commodities.

it will fluctuate. >>

Where's Beeks?

Brol · February 21, 2015 5:22AM

Gold will go up then S&P500 will go down. We have all-time high in markets and people are optimistic about the nearest future. But US debt clock shows different numbers and I guess pretty soon we will see another crash of the markets.

AMRC · February 21, 2015 5:59AM

It will always go in the opposite direction of whatever I think, so I am not thinking about it. BUT I find it hard to believe that there are some who think it can get down to the $500 level? I just can't see that.

CMCART · February 21, 2015 6:02AM

<< It will always go in the opposite direction of whatever I think, so I am not thinking about it. BUT I find it hard to believe that there are some who think it can get down to the $500 level? I just can't see that. >>

winky · February 21, 2015 6:06AM

I'm in the hating gold. I can't get into it like my Roosie's. Give me rare Roosie's and you keep the gold.

TwoSides2aCoin · February 21, 2015 6:13AM

When it lines our pockets it will pave our streets. Until then, we have to keep going down to get it.

mrearlygold · February 21, 2015 6:39AM

Why not a complete retracement?

mariner67 · February 21, 2015 7:03AM

<< It will always go in the opposite direction of whatever I think, so I am not thinking about it. BUT I find it hard to believe that there are some who think it can get down to the $500 level? I just can't see that. >>

So, in actuality, you are guaranteeing it to go to $500.

In reality, no one here or elsewhere knows.

Halfway · February 21, 2015 7:18AM

<< It will go up and down at random intervals. >>

agreed.

Ajjohnson77 · February 21, 2015 7:24AM

I can see no wrong investing in one of the most beautiful, pure, natural elements known to man. Get as much of this stuff as you can people. Bits going to mean something someday. That includes all precious metals and stones. Can't lose.

And I think generic Saints are a particularly cool way to possess gold. Touch them raw every once in a while for a nice feeling.

291fifth · February 21, 2015 8:21AM

The rover on Mars will locate a massive vein of gold. Space mining will begin within five years. Within ten years there will be such a large supply that they will be making carnival game prizes from it.

crazyhounddog · February 21, 2015 8:25AM

It's gonna rip down.

derryb · February 21, 2015 8:58AM

<< 

<< It will move the direction of oil and opposite the direction of the dollar index. Escape from deflation will unlock the pearly gates. >>

The dollar vs. gold track fairly well. But the currency pairs USD/JPY, USD/AUD, and USD/CAC have tracked even better since 2000. There are months at a time when the dollar doesn't correlate all that well to gold. During 2009-2011 the correlation between the dollar and gold was not good at all. And during the recession/deflation of 2000-2003 gold gained 50% in price while silver and the stock market were down. Gold can rally during deflations and rise along with the dollar for long periods of time. >>

But the current trend relationship remains an inverse one. Until I see the dollar index suffer I expect to see gold continue to suffer. More recently oil seems do be a good short term direct relationship indicator.

thisnamztaken · February 21, 2015 9:19AM

It will continue to be posted on Kitco day after day.

Baley · February 21, 2015 10:10AM

<< The rover on Mars will locate a massive vein of gold. Space mining will begin within five years. Within ten years there will be such a large supply that they will be making carnival game prizes from it. >>

Any idea what it costs to move an ounce of matter (any matter) from Mars to Earth?

roadrunner · February 21, 2015 11:02AM

"Normal" dollar vs. gold relationship has been essentially busted since Nov 6th

Gold vs. dollar have spent most of the past 4 months being something other than inversely related. The last month or so the dollar is flat, gold is down sharply. I saw one major trader/analyst who consistently got his gold short positions blown out of the water from early November because they were relying heavily on the "usual" dollar vs. gold movement. They had booked about $400K in profits on PM shorts from mid 2012-Oct 2014 and gave 90% of that back in the past 3-1/2 months.

During the past 4 months the gold to silver ratio has been in a volatile trading range, in essence making the dollar vs. gold pair much more difficult to anticipate. With the GSR not complying with typical "rules" of the past 3 years, everything else related to it has been cloudy too. GSR gathering for a major move.

gold to silver ratio chart

291fifth · February 21, 2015 11:11AM

<< 

<< The rover on Mars will locate a massive vein of gold. Space mining will begin within five years. Within ten years there will be such a large supply that they will be making carnival game prizes from it. >>

Any idea what it costs to move an ounce of matter (any matter) from Mars to Earth? >>

It doesn't matter when irrational exuberance is involved. Fire up those rockets. Captain Video and Tom Corbett, Space Cadet are on their way!

Cougar1978 · February 21, 2015 12:42PM

I don't believe there is anything I would want to invest in more than gold as far as numismatics is concerned. A gold coin is the most liquid thing there is in online auctions. Your downside is limited by BV.

I once asked a psycic that question in April of 1988 (at that time really gung ho on coin investor) - Where will the coin market, gold go?. She said sell it all in July. In August there was a highly unfavorable management change (like a gamma ray burst) coupled with an unfavorable non controllable event. In January I was in outplacement. However, things turned around in my favor and not only a better job a few months later, but I took a table at my first show in January 1990.

WillieBoyd2 · February 21, 2015 1:05PM

BryceM · February 21, 2015 1:14PM

"Invest 10-15% of your net worth in gold and pray every day that it does poorly." 'tis a bit o' wisdom in that thought, methinks......

derryb · February 21, 2015 1:15PM

RR, check your $:gld chart and you will see that here recently the gold/dollar relationship is moving back to its historic norm. I suspect the shock of an oil drop threw it temporarily off skew as everyone scrambled for safehaven. I also expect gold is showing characteristics of being traded like a currency and no longer so much as a commodity.

Type2 · February 21, 2015 7:19PM

I'm sorry but look at what it did in the last year from $1900/$1800 from the top to $1100 it is over what go's up must come down and it does not look like it's going up look where it started $290 and it will go back with a bump of $100 or $200. It's just the way it is it can't last for ever it was fun but it's going down. Look at the charts "Ray Charles" can see this one. Stop the pain up a buck down two in the end down $100's form a year ago......

TopographicOceans · February 21, 2015 7:48PM

She will go up and then she will go down

Goldminers · February 21, 2015 9:47PM

We have hit "peak gold" in terms of world wide gold production and annual production is starting a long, slow decline. There have been almost NO new profitable exploration finds. Average costs to produce are well over $1,000 an ounce not counting payback of loans used to build the process facilities. Closure and reclamation costs are hitting hard and many of the few new potential gold mines are tied up in environmental challenges. My guess is that we will see a near term choppy gold market, but with an overall uptrend in price for the long term.