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$1500 gold?

VanHalenVanHalen Posts: 3,992 ✭✭✭✭✭
in Precious Metals
Jim Cramer just announced on CNBC, "The Bull Market is back in gold". He expects Au to "creep up" to $1400-$1500.



Woo Hoo! Good Times!



image

Comments

  • hchcoinhchcoin Posts: 4,829 ✭✭✭✭✭
    I'm hearing all kinds of people talking about precious metals again.
  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    Baley will be happy.

    "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

  • CuKevinCuKevin Posts: 1,723 ✭✭✭✭
    Originally posted by: hchcoin
    I'm hearing all kinds of people talking about precious metals again.


    I've noticed the same thing. Combined with general disdain for the stock market.
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  • mariner67mariner67 Posts: 2,746 ✭✭✭
    Counting chickens before they hatch.
    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Jim Cramer is the man!image

































    image that ought ruffle few feathers!!!
    Avid collector of GSA's.
  • dpooledpoole Posts: 5,940 ✭✭✭✭✭
    Originally posted by: gsa1fan

    Jim Cramer is the man!image






    Yeah. Nobody calls 'em like Jim Cramer! image


    Here's a warning parable for coin collectors...



  • TwoSides2aCoinTwoSides2aCoin Posts: 44,293 ✭✭✭✭✭
    B/S/T for the talking heads.
  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    Cramer just called it...


    Cramer just cursed it...

    "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

  • BBNBBN Posts: 3,761 ✭✭✭
    How are some of these people making money in their profession? How do they have a job? These people called for $900 gold when prices were tanking. Now that it's up 10-15% they're calling for it to go way up. Seriously, these idiots always wait for upward and downward movements before they say the markets are going up or down.

    Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin

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  • VanHalenVanHalen Posts: 3,992 ✭✭✭✭✭
    Originally posted by: BBN

    How are some of these people making money in their profession? How do they have a job? These people called for $900 gold when prices were tanking. Now that it's up 10-15% they're calling for it to go way up. Seriously, these idiots always wait for upward and downward movements before they say the markets are going up or down.




    I hear ya but it's fun to watch. Cramer is an entertainer.



    image



  • OperationButterOperationButter Posts: 1,672 ✭✭✭
    Originally posted by: derryb

    Baley will be happy.




    Of course he will, he's diversified and should have been rebalancing the entire time down from the peak. @ $1500, he should be up quite nicely image
    Gold is for savings. Fiat is for transactions.



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  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭
    Here's how much credence I give Cramer.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • WingsruleWingsrule Posts: 3,011 ✭✭✭✭
    It's like stepping into the Wayback Machine this morning...
  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭
    A $37 move on Kitco, so far. I don't remember the last time it moved $37. Interesting.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • VanHalenVanHalen Posts: 3,992 ✭✭✭✭✭
    Originally posted by: jmski52

    A $37 move on Kitco, so far. I don't remember the last time it moved $37. Interesting.




    Been a while since it moved that far that quickly. Yellen's testimony was negative for equities and the money's going somewhere.







  • CaptHenwayCaptHenway Posts: 32,144 ✭✭✭✭✭
    Counting chickens here, boss!
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • CCC2010CCC2010 Posts: 1,997 ✭✭✭
    Is it going to be $1300 by tomorrow?
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  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭
    Originally posted by: CCC2010

    Is it going to be $1300 by tomorrow?





    $1500 by day's end.
    theknowitalltroll;
  • LakesammmanLakesammman Posts: 17,382 ✭✭✭✭✭
    Dang it - I was hoping gold would stay on sale for a while longer......I liked buying PC64 Saints for $1200 at the FUN show. image
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose.
  • csdotcsdot Posts: 693 ✭✭✭✭
    A two week rally isn't going to convince me that the world loves gold again. As soon as I buy, it will drop to $900.

    Indian Head $10 Gold Date Set Album

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    No rally just a constant reminder of how FUBAR the World is.
    Avid collector of GSA's.
  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭
    As soon as I buy, it will drop to $900.

    Only if you go "all in".image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • BBNBBN Posts: 3,761 ✭✭✭
    Slow and steady for me. A little every pay day...and no rally or bottoming out will stop me...unless of course it costs $500 for a 1/10 ounce AGE. Then I'm selling....maybe. image

    Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin

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    #2 1980 Topps Los Angeles Rams Team Set
    #8 (and climbing) 1972 Topps Los Angeles Rams Team Set
  • mariner67mariner67 Posts: 2,746 ✭✭✭
    "Counting chickens here, boss! "
      Looks like the new boss is turning out to be the same as the old boss!
    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    Interesting....Goldman Sacks prediction $1,100 by year end.

    Kramer $1,500......let the bets begin.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭
    I made it go back down when I bought on Sunday. You can thank me anytime.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    I need $1,800/oz to break even on my 2.5 ounce Owl slug. ;-)
  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    gold is being driven by a weaker dollar. Gold does not drive the currency. Dollar has weakened because of the current massive selling of US debt by Russia, China and the Middle East to provide liquidity to solve their own problems.

    That investors are choosing gold over bonds and equities as safehaven tells all we need to know about the investing future.

    "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

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