Second Half Of 2018: Gold $1150, Silver $14 - Page 2

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Author	Replies: 21 / Views: 4,584	Page: of 2

jmkendall Pillar of the Community United States 1590 Posts	Posted 08/15/2018 12:34 pm Lots of Silver in Central Ohio. Most junk Silver dolars are in the $18 to $20 range. Buying at 10 times face is easy. 9 times face a bit harder, and occasionally you can buy at 8 times face around here. I don't buy gold so I have no idea. Report this Post to the Staff
leon1998 Pillar of the Community United States 586 Posts	Posted 11/10/2018 3:11 pm Hmmm... my Silver prediction looks to be a little high. I don't think Silver can stay above $14 by Christmas. Gold prediction looks about right. Report this Post to the Staff
leon1998 Pillar of the Community United States 586 Posts	Posted 11/14/2018 1:56 pm GOLD - COMMODITY EXCHANGE INC. Disaggregated Commitments of Traders - Futures Only, November 06, 2018 (each contract is 100 oz) Banksters increased long by 7,074 contracts; increased short by 12,748 contracts. It's worthy to notice that most increases were from spreading (which means inside Banksters category there're traders holding equal amount of long and short positions) . Whenever spreading sees an increase (which implies more hedge or indetermination), price usually will show oscillation afterwards. Since Gold price has dropped after Tuesday; therefore I believe Gold price might have another hiccup in the next few days; then fade again. Through such price action, Banksters can make money on both directions on their spreading increase; and within a tight trading range. Overall, Gold price trend is still DOWN. Report this Post to the Staff
leon1998 Pillar of the Community United States 586 Posts	Posted 11/28/2018 09:52 am Banksters inceased their short position on Gold, by more than 13% within last week. Watch Out Below! Report this Post to the Staff
leon1998 Pillar of the Community United States 586 Posts	Posted 12/14/2018 10:05 am The year-ending dump has just begun. According to my estimate, we will see Gold break below $1200 within two weeks; and won't bottom until early January. Banksters need to cash out their short position; before the early year seasonal uptrend starts. My midterm estimate would be an seasonal rally from 2019 Jan to Apr (from $1150 to $1300); then all the way down again just like 2018. :cool: I would close my GLD short position in early Jan; and keep adding to my SPPP long position. Report this Post to the Staff
kg5 Valued Member Australia 491 Posts	Posted 01/08/2019 9:30 pm Hi leon. Very much enjoy your threads and others that are about PM's and what is going to happen over the next year & why etc. Interesting that the fall in Gold & Silver that you talked about and that we have seen happen for some years now does not seem to be happening this year. It is still a bit early in Jan but Gold & Silver are looking very much range bound. Getting the timing right to buy at the bottom of the price cycle is generally known as just about impossible to do. But there are definitely some strong market information to be had to get an idea about when to buy your PM's or not. All that said am of the opinion that most people buy when they have the funds to do so and I am in a position to do just this come next August. Looks like I will have a 5 figure amount of funds left over to buy Gold bars and maybe some Silver tubes of bullion coins that are close as I can get to spot price. Perth Mint & my City CBD PM dealer are who I will buy my PM's from so as to keep away from the forgeries I read about in this forum. Buy from the Perth Mint and the purchase info is available to the governing powers of the day. But buying at the CBD dealer there is no record of anything. The last time I had Gold I sold it in 2007. Purchased it at under AU$600 oz. Sold it because I had too not because of any timing action or market reading. Report this Post to the Staff
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