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 Replies: 17 / Views: 2,324 |
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New Member
United States
38 Posts |
Any thoughts on how low gold will go?
Is anyone buying at the current price?
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Pillar of the Community
United States
931 Posts |
I think it may go to 1600 possibly 1500 but there is absolutely no change in the core reason for gold's rise. It may turn back and retrace 1800 now. Nobody can know.
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Pillar of the Community
United States
3670 Posts |
I think it will find support an hold at 1700.... As far as buying, not in position to right now, but planning to when I can still find a decent price. Last night I did a search on ebay for 1 10 gold eagles, and 215 was still the basement price, even after about a 175 dollar pullback. An I have ssen proof eagles 1 10's like the 1988 I own an bought at 193, listed at 350 an 400 dollars still yet. So again what people are paying points more towards gold an silvers true value, other than what the spot price is set at IMO.... Edited by Silverhawk74
08/25/2011 12:09 pm
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Valued Member
United States
304 Posts |
1690 - 1730
No, not in a position to, but not 100% sure I would regardless at this price.
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Pillar of the Community
United States
830 Posts |
Yeah I see support in the 1650-1700 range. I think with all the big central banks in the buying mode, they will be stepping up their buying program to take advantage of the pull back. These are the whales in the water.
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Rest in Peace
United States
9104 Posts |
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Rest in Peace
United States
9104 Posts |
Yes, every time someone sells, someone is buying. If they weren't, the price would be $0.
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Pillar of the Community
United States
667 Posts |
1.) I don't know how high or how low or when either of these will be reached.
2.) Yes - why not - I have been buying and selling through many ups and downs for many years.
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New Member
United States
46 Posts |
Quote:
$12.19 I think $10.99 in February of 2014, shortly before it's given away for free.  |
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Pillar of the Community
United States
931 Posts |
I'm glad that it pulled back. It shut those CNBC guys up that just can't understand why gold was such a big deal. I think it will be back in the mid-1800's by early next week and they will be right back at it scratching their heads. The morning guy got in an argument with a gold trader yesterday. The network guy said that he couldn't take a gold coin into a store and buy anything. The trader told him that he absolutely could buy items at a store with gold. It was a hilarious sight to see the commentator get all flustered. He is definitely the biggest square on CNBC.
Edited by junior e
08/25/2011 3:07 pm
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New Member
 United States
38 Posts |
Haha, definitely a guessing game. Wish I saw the argument! I'll be scouring ebay for gold and silver as well. |
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Pillar of the Community
United States
830 Posts |
Yeah it was a pretty good argument, they ended it with maybe we should take some gold coins around on a shopping trip and see.
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Pillar of the Community
United States
931 Posts |
Yeah, Thunder. It was funny. That commentator is so jealous of anyone who has been on the gold ride. Every time gold made another move up he would go through his schpiel about what in the heck was going on with gold. I just can't understand how this is actually happening. Gold hasn't been money since 1972 and all that. I really have grown to despise that guy. I really hope gold does go to $2300 a) because I like making money and b) it will be a pleasure to watch that guy fry out. He obviously was the last guy picked when choosing teams for any sport.
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Pillar of the Community
United States
830 Posts |
If you're talking about Bill Griffin I agree, when he was interviewing the head guy for GLD I wanted to slap him out of it. He just kept saying about how GLD has made it too easy for people to invest in gold. I wanted the guy to ask him if he thinks the stock market has made it too easy to invest in stocks.  |
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Pillar of the Community
United States
4008 Posts |
Forget the talking head Wall Street cheer leaders on CNBC. If those guys knew jack, they would all have been in gold 10-12 years ago.  |
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Valued Member
United States
302 Posts |
Quote:
Forget the talking head Wall Street cheer leaders on CNBC. If those guys knew jack, they would all have been in gold 10-12 years ago. If those guys knew jack they would not be working for peanuts at CNBC - They would be retired millionaires by now. As far as how low gold will go, it is anyone's guess. Gold has not had a serious correction in months. The first MAJOR support is at $1000. Will it go there? Not likely, but it could. However, if it does crash to $1000, it will probably be a flash crash. And the recovery will probably be just as fast, something on the order down today big time and back tomorrow bigger time. Long term, there is no reason that I can see for it to be under $2000. Late this year or sometime next year I think it will permanently go over $2000. Edited by mmerlinn
08/26/2011 1:06 pm
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Replies: 17 / Views: 2,324 |
Posted 08/25/2011 12:08 pm
