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Thread: Gold will be $1200/oz next week

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    ədˈminəˌstrātər RWalls's Avatar
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    Gold will be $1200/oz next week

    I think silver and gold are going to hit new lows next week. I dont see silver going under $15/oz. I could be wrong, of course finding any deals will be the trick. I did manage 12 ASE's off craigslist the other day.

    Who else has been buying or has anyone been holding off? $1200/oz next week and $17.80 silver. My predictions even thought the radio tells me it will hit $50/oz this year.
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    Just this guy Inor's Avatar
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    Quote Originally Posted by RWalls View Post
    I think silver and gold are going to hit new lows next week. I dont see silver going under $15/oz. I could be wrong, of course finding any deals will be the trick. I did manage 12 ASE's off craigslist the other day.

    Who else has been buying or has anyone been holding off? $1200/oz next week and $17.80 silver. My predictions even thought the radio tells me it will hit $50/oz this year.
    I have not been following gold much lately. But I have been watching silver. Sometimes I like to play options on the iShares for it. - Yeah I know, buying derivatives on a derivative... What could possibly go wrong? I do it more for fun than making any money, kind of like how some guys bet on sports.

    Silver hit a 52 week low today but closed a few pennies higher. We will see next week. If it can hold above $17.76 next week, then I think it trades flat for a few months. If it breaks much below that, it could break below $15 before it finds support.

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    ədˈminəˌstrātər RWalls's Avatar
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    Quote Originally Posted by Inor View Post
    I have not been following gold much lately. But I have been watching silver. Sometimes I like to play options on the iShares for it. - Yeah I know, buying derivatives on a derivative... What could possibly go wrong? I do it more for fun than making any money, kind of like how some guys bet on sports.

    Silver hit a 52 week low today but closed a few pennies higher. We will see next week. If it can hold above $17.76 next week, then I think it trades flat for a few months. If it breaks much below that, it could break below $15 before it finds support.
    If it hits below $15 I just don't see any moving.
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    Site Addict Arizona Infidel's Avatar
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    Can ANYONE explain to me why silver and gold are so low?
    The definition of SHALL is will or can.
    So SHALL NOT BE INFRINGED would read WILL not CAN not be infringed.

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    It's still three times what it was in 2000

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    Little Miss Chatterbox
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    Precious metals are low when the trust in the dollar is high. Right now it is all an illusion and if true inflation rate was published then the price of gold and silver would double overnight.

    The stock market is in control right now but it too is an illusion.
    ==============================
    live, work, love and be all you are meant to be.

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    Dinky Dau Montana Rancher's Avatar
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    Quote Originally Posted by Arizona Infidel View Post
    Can ANYONE explain to me why silver and gold are so low?
    The price is low because of "paper" contracts which is the rich mans way of manipulating the market.

    If you own silver or gold then keep it, you investment will pay off.

    If you don't own it, then this is the time to buy it.

    There is a bible verse talking about redeeming a man for a gold coin, it is coming soon!

    my wife just informed me that she doesn't want me to purchase anymore silver (we have a lot) so I am fine with that. We have enough to be very wealthy SHTF and the little fiat dollars we have in the bank will really not matter in the long run.

    My suggestion is to get as much as you can afford after you have 2 years of food and a reliable water source figured out.

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    Super Moderator Sparkyprep's Avatar
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    http://finance.yahoo.com/news/silver...185448671.html

    There are a lot of reasons. It's a buyers market.

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    1-800-JUNKIE Denton's Avatar
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    Oh, you'd better believe I am watching this.
    I didn't think I'd be buying any more silver this year, but I think I'll be changing my mind on that.

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    1-800-JUNKIE Denton's Avatar
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    As you already know, Russia and China are amassing precious metals as they work with BRICS nations to undermine the dollar. Both are running into headwinds, but that doesn't mean they won't gain ground.

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