Options
My Turn In The Prediction Thread Arena
BLUEJAYWAY
Posts: 11,640 ✭✭✭✭✭
By July 31 2026 Gold under $4000.00,Silver under $50.00.
Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
0
Comments
BACK UP THE TRUCK
COPPER is gutter !
It sure seems that way
Seems like the 4k mark is soon to be tested.
Looks like sooner than July 31.
COPPER is gutter !
Still would not buy any. Will go lower.
Did someone develop a huge silver mine overnight that I haven't heard about? Did the central banks stop buying gold? Did Congress decide to stop throwing away trillions of dollars on blowing up stuff in foreign countries?
Yeah, I didn't think so.
I knew it would happen.
Gold is almost there already. Silver should have some support above that level, but it's not impossible.
All comments reflect the opinion of the author, even when irrefutably accurate.
Just was hedging my call with the date of choice.
Dollar Cost Average. BUY THE DIPS!
COPPER is gutter !
I’m basing the floor on the craters we keep making.
``https://ebay.us/m/KxolR5
It will probably go up or down.
Hope so..been waiting to buy 2026 SAE's!
Loves me some shiny!
“Often wrong, but never in doubt.”
Which entities have enough skin in the system to move the needle?
da Fed bro
Loves me some shiny!
“Often wrong, but never in doubt.”
Would it be prudent to say that when all the monitary obligations are satisfied, that the Profits go back to the U.S. Treasury Slush fund.
LoL the dip was $8 gutter not $70 or $50. Pokemon has been buying since $120 keep buying the "dip", I'll be there to buy it all back in the single digits. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Gold can not have a sustained downward move until central banks stop buying it and they might not stop until the debt problem is resolved. I hope I lose all the money I put into gold because I buy it like I buy insurance and always want to avoid claims.
There's a lot of silver in the world. There is so much silver that every single silver user at this time could keep nearly a one year supply in its vaults. That's a staggering amount of silver when you figure the vast amount being fixed into the modern economy and the amount consumed. I seriously doubt that all these companies now sitting on two week inventories are suddenly going to stop trying to acquire a cushion. I doubt Russia is suddenly going to stop buying and I doubt that silver is going to stop going into stronger hands.
The backlog at the refiners will be worked off and things will look a lot different than today. This can't take longer than 10 years because this is total silver expressed in capacity. But someone has to sell it to them and strong hands won't be selling at steep discounts. They won't be selling at prices that seem "cheap".
Our silver will be converted to infrastructure or you might as well buy food and ammo.
The beatings will continue until morale improves?
OTOH, none of the fundamentals for gold and/or silver have changed.
Time to average in a bit.
I knew it would happen.
Just glad I didn't buy too much at the top, and sold enough at the top that those couple ounces don't matter.
Currently turning old books and serviced fishing reels into dry powder. Not sure when I'm gonna pull the trigger. I bet we see more downside before we see upside again so I'm hesitant. I feel like sub 50 is a possibility.
Buying more at 30 is a no-brainer. A lot more, if such is the case.
The same can be said for the massive run-up. There was nothing that fundamentally changed, unless you want to count rampant speculation in the futures market.
The same can be said for the massive run-up. There was nothing that fundamentally changed, unless you want to count rampant speculation in the futures market.
It depends on where you think the baseline existed before the runup began. Gold and silver have been suppressed for decades.
If you think otherwise, you probably think that the baseline for gold & silver started around $2,000 for gold and $32 for silver that existed before the runup.
If you think that gold and silver have been repressed for decades, the baseline for them is much lower. This debate is somewhat theoretical - but note that M2 monetary growth and total debt have far outpaced the prices of both these metals and that the fundamentals have changed for both of them in the past couple of decades.
I tend to think that new baseline levels for both gold and silver are being established right now and that we will see further price increases over the recent highs after this consolidation completes itself. I also think that capital flows will change dramatically as the debt situation continues to spiral out of control.
The central banks continue to accumulate gold, and industrial uses for silver have greatly expanded in the face of a growing mine supply deficit and shrinking above ground sources. Those are the relevant fundamentals that are different now.
The speculation excesses have moved on to other speculative areas such as AI, SpaceXand rare earths, but I still think that the runup in precious metals in 2025 was only a preview of a larger runup that won't involve a subsequent selloff.
Time will tell, but I don't think another precious metals runup is very far away. The pressure is still building.
I knew it would happen.
Gold's late August weekly +$16 acceleration gap at $3450 has me concerned that it could be a strong potential target. Silver has done the easy job of retracing back to the $50-$55 break out level. You knew that was probably gonna happen. The huge weekly candle dips in gold & silver in March 2026 $4200/$62) were the bread crumbs that had to be revisited and taken out after the next rebound. To date $3900/$55 are reasonably deep corrections for both metals. The next major economic confidence low is due in August 2028.....so PM's should have some strong peaks within 3 months either way.
Lolzz
COPPER is gutter !
