How High Will It Go?
MsMorrisine
Posts: 33,088 ✭✭✭✭✭
MsMorrisine
Posts: 33,088 ✭✭✭✭✭
MsMorrisine
Posts: 33,088 ✭✭✭✭✭
Comments
That would be nice and it will go back up but I don't see it getting there very quickly.
BST references several
20 last july I think . Lets go back to there
$16 is probably about right for now. Hope I am wrong to the upside.
The floor is $15 ish. Forget the roof. The ceiling is one floor above.
Would love for it to go down more, then expect it to go up and away in the next 3-4 years.
If only it could be predicted..... I think it will take some major event/issue to start the next big move. Cheers, RickO
India Gold Imports Surge - First Half 2017 Higher Than All 2016
Demand for gold in India (and China) are fundamentally important to the price of gold.
"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
https://www.google.com/amp/www.thedailystar.net/business/gold-demand-india-china-tapers-1430689?amp
I guess it all depends on the "agenda"
Knowledge is the enemy of fear
Your agenda looks at the past week. My agenda looks at the past six months. Kinda like charts, it depends on the perspective.
"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
are you misquoting Michael Jordan ? , I once heard him say "The ceiling is the roof"
Who's Michael Jordan ?
Oh yeah, that guy who gambles on golf, not gold.
I thought he was a baseball player?
Indeed. Perhaps your agenda should be extended to a year which shows imports dropped 24%.
Or perhaps one should consider that gold imports increased recently due the the imposition of a new tax. Now that the tax is in force, we should look at the next 6 months. A good investor looks forward, not backward.
But to further your thesis of increasing demand, then if India is so important and imports increased, then why is the price at six month lows?
My agenda is, and always will be, logic, reason and truth. Hyperbole, opinion and contorted reporting will never prevail. Never.
Knowledge is the enemy of fear
"Hyperbole...will never prevail. Never."
...until now.
Here's a warning parable for coin collectors...
"Gold is going down, cycle cars are going up"
Frank Fritz
Just blasted through $16 on the way up...
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
I used to like roller coasters.
Now they just make my stomach upset.
Here's a warning parable for coin collectors...
The PM market is always moving ....up, down or sideways.... People play it in all conditions... Cheers, RickO
When I read the title I thought Bitcoin because my jaw hit the floor ten minutes ago after being a month late in price checking. To think I had a few dozen at one time.