I read somewhere about an analysis of gold prices between mid October and the end of the year for the past several years. I think there was an increase in price between 6 and 10% or more during that time. If the trend holds true this year, then $800 will be a reality.
I'm the first no, I really have no idea whatsoever.
Listen. Strange women lying in ponds distributing swords is no basis for a system of government. Supreme executive power derives from a mandate from the masses, not from some farcical aquatic ceremony. Will’sProoflikes
What happens is not important. What is important is why something happens.
If demand for gold increases and this explains a price rise, that's one thing. OTOH, if the value of the dollar decreases and as a result, the gold price increases, there are better ways to make money than buying gold in the latter situation. Look at the big picture.
"Vou invadir o Nordeste, "Seu cabra da peste, "Sou Mangueira......."
Typically, for many many years now, PMs run up during this season and peak out around December 12-15 and come back with a sudden crash.
I think gold will hit $800 before Christmas, but I voted no as I believe we'll see a drop back to the $750-775 range at year's end.
Then the cycle begins again and PMs pick up steam after mid January.
Been watching this trend for a long time now.
"Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose." John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
I voted no but I think that I could be wrong. Smitty scared me about the oil prices and that could happen. People, we're living in some scary times. Good luck to all.
I took the plunge Friday and locked in to an oil contract for heating fuel this winter. I convinced myself it will likely only go higher from here. I'll take the risk that it could go lower.
Gold will pushing $770-$800 or more by December. Exactly what.....who knows. Gold lower in Dec 2008 than Dec 2007?....extremely unlikely imo.
Gold now has the potential to head to $1,000+ at any time. But it could take a couple of years or a couple of months. Now it's just marking time.
6 months ago, I would have been one of the first to say 800, never see it in the near future, but now I really beleive its heading there over the next 5-6 weeks, if not sooner.
Bernake and the Bush boys are crapping in their pants to avoid a recession ( it has started ) .They won't give a hoot to inflation. Buy and don't worry if gold is too high to sell
I used to be somebody, now I'm just a coin collector. Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
Comments
Will’sProoflikes
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
If demand for gold increases and this explains a price rise, that's one thing. OTOH, if the value of the dollar decreases and as a result, the gold price increases, there are better ways to make money than buying gold in the latter situation. Look at the big picture.
"Seu cabra da peste,
"Sou Mangueira......."
For a large selection of U.S. Coins & Currency, visit The Reeded Edge's online webstore at the link below.
The Reeded Edge
<< <i>i thought ASE reverse proof 69's would be $1k, so me thinking gold will not be at $800, should give all of you a great incentive to buy gold.
>>
You are lucky they aren't $50 which is about right.
I think gold will hit $800 before Christmas, but I voted no as I believe we'll see a drop back to the $750-775 range at year's end.
Then the cycle begins again and PMs pick up steam after mid January.
Been watching this trend for a long time now.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
What have I been missing???????
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
I voted yes.
You have pay attention to the Percent.
$800 is only a 6.5% increase from here. Can gold spike 6% ??? Easy.
$700 by March 08,
$750 by May 08,
$675 by Aug 08,
$775 by December 08
Please, if you haven't voted, do so now.
as of now.....Gold Bid: $755.90 Ask: $757.40
edited because I can't transcribe numbers from Kitco properly...sheeeshh!!!
<< <i>$800 by Christmas 07,
$700 by March 08,
$750 by May 08,
$675 by Aug 08,
$775 by December 08 >>
OK, so I should sell some Spouses before this Christmas and buy some back next fall. Thanks
I just saw gold at 764 and oil at 85!
Ren
I voted no but I think that I could be wrong. Smitty scared me about the oil prices and that could happen. People, we're living in some scary times. Good luck to all.
eddye mack
GO STEELERS
850 gold by years end?
I'll take the risk that it could go lower.
Gold will pushing $770-$800 or more by December. Exactly what.....who knows. Gold lower in Dec 2008 than Dec 2007?....extremely
unlikely imo.
Gold now has the potential to head to $1,000+ at any time. But it could take a couple of years or a couple of months. Now it's just marking time.
roadrunner
<< <i>Maybe >>
Maybe not
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
I have over 50 ounces of scrap gold I am cutting diamonds out of. then off to the refinery.
San Diego, CA
<< <i>$760+ Today!! Oil $86+ WOW!! >>
Welcome to the forum, Bullish....great handle!!!!!!!!!!
for the rest of the year.
allow more time for 800 to be reach. the middle of next year.
<< <i>$800 by Christmas 07,
$700 by March 08,
$750 by May 08,
$675 by Aug 08,
$775 by December 08 >>
Bernake and the Bush boys are crapping in their pants to avoid a recession ( it has started ) .They won't give a hoot to inflation. Buy and don't worry if gold is too high to sell
If you haven't voted, better do it before we get to $800.....
Buying top quality Seated Dimes in Gem BU and Proof.
Buying great coins - monster eye appeal only.
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.