GOLD2000

[Market Harmony]

$2000 an oz before the end of August

[beauanderos]

I'd bet you a Walker half on that... and I'd hope that YOU win

[Rodebaugh]

Gold spot > Platuinum spot?

Thats the question. I am thinking..........yep.

[Market Harmony]

Gold spot > Platuinum spot?

Thats the question. I am thinking..........yep.

good one... wealth preservation or industrial metal? I'd bet on the former, also

[Oakair]

Midway through September we break 2000...august will close in the 1900s

IMO

[blackrabbit]

It is crazy to have platinum worth less than gold. It just seems wrong. It is only 26 bucks more than gold right now so it is closing in fast. I always figured platinum was dual use, industrial and a wealth preserver so I am thinking of converting some gold to platinum.

[chris6084]

Gold spot > Platuinum spot?

Thats the question. I am thinking..........yep.

I am betting the same. I own platinum and not gold, so platinum is doomed.

[beauanderos]

Gold spot > Platuinum spot?

Thats the question. I am thinking..........yep.

Heck with platinum... let's go for rhodium!

[Lemon Thrower]

i don't gamble on the short term.

you are correct if you mean without govt intervention.

govts will do everthying they can to keep gold down, so if it goes to 2000 its despite their best efforts. that is sort of like saying we have gone off the cliff.

[daviscfad]

Wow Gold at 2000 might be time to sell

[Mossy]

Gold spot > Platuinum spot?

Thats the question. I am thinking..........yep.

I am betting the same. I own platinum and not gold, so platinum is doomed.

LOL. My luck as well.

Gold and silver both dropped after my first purchases.

[slickeast]

It will drop to $1400 before we ever see $2000. Heck we'll see $1200 before $2000.

[Mossy]

It will drop to $1400 before we ever see $2000. Heck we'll see $1200 before $2000.

If the politicians can find a hammer to use on it. A hammer that works. In which case, futures and physical will split.

[blackrabbit]

It will drop to $1400 before we ever see $2000. Heck we'll see $1200 before $2000.

Why?

[slickeast]

Gold is going up too fast. It is being over bought. When all the dust settles, and people stop panic buying, you will watch gold drop back down.

[68Camaro]

Gold is going up too fast. It is being over bought. When all the dust settles, and people stop panic buying, you will watch gold drop back down.

Sure, it cycles. But trends up. Make money on the cycles... while holding for the long-term.

[Rodebaugh]

Kitco's ratio: Gold / Platinum 0.99

If we hit a 1.10-1.25 I will be changing lanes with some of my AU.

[Market Harmony]

Gold is going up too fast. It is being over bought. When all the dust settles, and people stop panic buying, you will watch gold drop back down.

Slick, settle down and look at facts and then give us some perspective. You might be right, but all it sounds like is that you want to soak someone's wheaties with something other than milk.

Here's what Gold and Silver did in April 2011:


Gold ran from 1418 to 1535, a 8.25% move
Silver ran from 37.63 to 48.70, a 29.48% move

I remember when gold broke 800, 1000, 1250, 1400, 1500, and now 1700... every time there was someone saying, "gold is too high, it's coming back down" And they were right for a short period of time. But today, they all look foolish. Then there are others than said, "it's too high, I'll wait for it to come back down" They wanted to catch a bottom or get close to it... But, they never did. They ended up never buying, and now sit and lament their buying strategy.

I have clients that just call me up and buy no matter what the price is. They dollar cost average. They see a big picture. They don't care about that chart above. They care about 2 years, 5 years, 10 years. They could care less about a minor move in a month... in the big scheme of things, that's what April of 2011 will look like... a minor move. They are happy and content.

$2000 is certainly achievable... it's only a 18% move higher, and these are interesting times in which we live.

[dan53]

I am probably older than most of you folks. I remember when gold broke $800. That was around 1980. It promptly plummeted to around $400 and didn't see $800 again for about 25 years. That said, past performance is not always a reliable barometer of future results. I don't have any idea whats gonna happen. But I did buy a little more gold and a little platinum.

[Mossy]

Gold is going up too fast. It is being over bought. When all the dust settles, and people stop panic buying, you will watch gold drop back down.

What I've noticed in the past is an immediate spike and then a drop to almost the pre-event price, and a trend up. The most recent example I recall happened with PMs right after 9-11. (See if you can find that "huge spike" on the Kitco chart.) I expected that drop and bought in then, and held.

We might see a small drop after the smart or panicked people buy and before the sheep start their stampede, but it's not going much below where we are right now.

[aloneibreak]

Gold spot > Platuinum spot?

Thats the question. I am thinking..........yep.

looks like it just got there...

last time it happened was 2008 if i remember right

but premiums were way higher on platinum coins

[SteelCityCopper]

$2000 an oz before the end of August

This is likely especially if Fitch and Moody's jumps on the downgrade train. I wouldn't worry too much about silver either... As gold increases in price, silver becomes more appealing as a store of value and investment. Increase the sheeple train and you got support to beat the nasties (JPM) at their own game. They don't call silver poor mans gold for nothing. Have faith and keep stackin.

[neilgin1]

Gold is going past 2400 than up to 3500. Silvers going to somewhere between 75 to 150...the G/S ratio will go down to 20:1

Fiat is dying, there is SIMPLY NOT THE CALORIFIC ENERGY TO BACK IT, period.

[Oakair]

Gold just broke 1760...

That magic number Ive seen quoted may be reached pretty soon...

[beauanderos]

Gold just broke 1760...

That magic number Ive seen quoted may be reached pretty soon...

Yeah, Jim Sinclair says 1764 is a pivot point (not sure of his reasoning) and that if it is eclipsed decisively then gold will be off to the races. If that happens... we can party till the cows come home!