Gold and Silver Price Prediction Contest

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Gold and Silver Price Prediction Contest

Postby Lemon Thrower » Sat Aug 03, 2024 2:18 pm

I was inspired by Shinnosukee's contest. I'm not giving anything away, but I'm interested in predictions.

So today, August 3, 2024, spot gold is at $2,443.10 and silver at $28.56.

Post your predictions for the end of 2024 (rather than intra-year highs). If you want to predict the date of an intra-year high, take a shot.
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Re: Gold and Silver Price Prediction Contest

Postby shinnosuke » Sun Aug 04, 2024 12:56 am

Ag=$33.47
Au=$2518.93
When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them... (Thomas Jefferson)
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Re: Gold and Silver Price Prediction Contest

Postby Morsecode » Sun Aug 04, 2024 6:43 am

shinnosuke wrote:Ag=$33.47
Au=$2518.93


I was going to pick those.
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Re: Gold and Silver Price Prediction Contest

Postby Morsecode » Sun Aug 04, 2024 6:46 am

Silver $35.50 (naturally, now that I've dumped most of mine)

Yellow $2840.00 (80x 35.50]
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Re: Gold and Silver Price Prediction Contest

Postby Cu Penny Hoarder » Sun Aug 04, 2024 7:04 am

It's strange how gold has been doing well, but silver is not.

PM prices (and stock market) will be dependent on...
1. If there is an interest rate cut in September.
2. Who "wins" the election.

Au: $2800

Ag: $33
Time is precious, stop wasting it.
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Re: Gold and Silver Price Prediction Contest

Postby silverflake » Sun Aug 04, 2024 7:31 am

Silver $32.50


Gold $2550.00


Stack them both
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Re: Gold and Silver Price Prediction Contest

Postby Catfish4u » Sun Aug 04, 2024 2:56 pm

$35.73
$3573
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Re: Gold and Silver Price Prediction Contest

Postby shinnosuke » Sun Aug 04, 2024 3:05 pm

Morsecode wrote:Silver $35.50 (naturally, now that I've dumped most of mine)

Yellow $2840.00 (80x 35.50]


Nah, you've got a prediction backed by logic or science or something. Way better than my random shots in the dark.
When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them... (Thomas Jefferson)
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Re: Gold and Silver Price Prediction Contest

Postby shinnosuke » Sun Aug 04, 2024 3:09 pm

Cu Penny Hoarder wrote:It's strange how gold has been doing well, but silver is not.

PM prices (and stock market) will be dependent on...
1. If there is an interest rate cut in September.
2. Who "wins" the election.

Au: $2800

Ag: $33


Silver is not doing well because I own more of that than Au. If I converted all my Ag to Au, then the opposite phenomenon would occur.

I know not who will "win" the election, but I already know who the loser will be. We the people.
When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them... (Thomas Jefferson)
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Re: Gold and Silver Price Prediction Contest

Postby 68Camaro » Sun Aug 04, 2024 7:42 pm

2950 Au and 35 Ag
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: Gold and Silver Price Prediction Contest

Postby 68Camaro » Tue Aug 06, 2024 7:37 am

68Camaro wrote:2950 Au and 35 Ag


Alternate prediction if comma-la wins: gold 1900, ag 19
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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