I think $500 gold by the end of the year is very realistic, given a few bumps along the way. The dollar is weak and that won't change anytime soon. US$100 bills used to be universal currency around the world; that has probably changed for the short term.
Joe
The Philadelphia Mint: making coins since 1792. We make money by making money. Now in our 225th year thanks to no competition.
Gold can move down as the dollar moves down. All it takes is for the COT and ESF to release a flurry of paper sell orders. This has been a favorite trick of the COT. They don't have to cover it with physical gold either. It tends to scare off the really weak hands and can drop the price up to $5-12 very quickly. However, the trick has not been working so well as of late as there are usually plenty of buyers ready to snap up the gold at the new depressed price.
Comments
Cameron Kiefer
Mike
idocoins
Tom
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Cameron Kiefer
$455
Thank You
SilverDollar
UP!
Tom
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Thank You
SilverDollar
It will be down
Cameron Kiefer
dollar hits new low against Euro and yet gold is going down today. Could it be that my words that it will go down are being taken seriously
i would said down for now.about $6 to 7 dollars today. i think.
and a little bit more tomorrow,but back up after that.
Joe
2005 is going to be a great year for gold and coins.
Tom
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
roadrunner