CNBC just said ... (on gold and silver prices)
WingedLiberty1957
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When Gold gets to $1000 an ounce ... buy. This was based on long term technical analysis of the gold price chart from 1980. Kind of interesting. They were saying that $1000 is an old support level and a big psychological level. I guess this means that Silver is heading lower as well ... to maybe $13-$15 an ounce just based on percentages. It will be interesting to watch to see if they were right. Of course everyone has an opinion! If silver does get down to $14 an ounce I will probably buy some ASE's.
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<< <i>They said you should sell now, they didn't give a price point at which you should buy. >>
…of course they didn't…cause that would make them accountable...something that has almost completely disappeared from cable news casters
Erik
<< <i>CNBC just had two analysts who were very bearish on gold. They both predicted that the value of gold would decrease, but nowhere did they say that the decline they predicted would stop at 1,000. >>
Yes, I think you might be right. They did say we were "heading to $1000 an ounce" ... but maybe they didnt say it would stop there. I should have recorded it and played it back -- I was sort of half listening to it as I was working on my computer.
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<< <i>CNBC just had two analysts who were very bearish on gold. They both predicted that the value of gold would decrease, but nowhere did they say that the decline they predicted would stop at 1,000. >>
Were these by chance the same two "analysts" who last week were raving about how well economic policy has fixed the economy?
No Way Out: Stimulus and Money Printing Are the Only Path Left
I also remember them saying ( experts) that it would never break $500…………
Ignore the noise and do your own D & D
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>CNBC just had two analysts who were very bearish on gold >>
They always seem to find the bears on gold.
Im gonna buy a warehouse full of Charmin. When the SHF I'll be set, us westerners need our Charmin.
<< <i>Well if CNBC said it……it must be true.
I also remember them saying ( experts) that it would never break $500…………
Ignore the noise and do your own D & D
MJ >>
Well-spoken, MJ.
Speaking of pre-adolescent procrastinators, how is Mr. Nadler??
Roll them bones.
Knowledge is the enemy of fear
Technician who called gold bust predicts $700 gold
The guy predicting, Yoni Jacobs, is selling a book...
The guy predicting, Yoni Jacobs, is selling a book... >>
Yeah, and he's banking on making money on the book, not on gold and silver.
<< <i>Ignore the noise and do your own D & D
Roll them bones.
Yahtzee!
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>When Gold gets to $1000 an ounce ... buy. This was based on long term technical analysis of the gold price chart from 1980. Kind of interesting. They were saying that $1000 is an old support level and a big psychological level. I guess this means that Silver is heading lower as well ... to maybe $13-$15 an ounce just based on percentages. It will be interesting to watch to see if they were right. Of course everyone has an opinion! If silver does get down to $14 an ounce I will probably buy some ASE's. >>
lol hard... after a 1-3 week correction gold/silver set to rally big into late aug/sept.....CNBC what ???
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<< <i>The guy predicting, Yoni Jacobs, is selling a book... >>
Yeah, and he's banking on making money on the book, not on gold and silver.
Just to play this fair. What was this guy's prediction for gold from 2001-2011? How did he do during that period? Nadler of course got everything wrong once gold was above $700 in 2007. He kept on calling for tops
all along the path to $1900. Eventually he was gonna be right you know.