Are Gold and Silver gonna keep going down?

[Ripon83]

So what's it going to be at weeks end?

I saw an article noting oil was up 3% in the last 30 days. Doesn't sound like a lot but if it were annual it would be.

Just wonder what you speculators thing gold and silver will be at the weeks end?

[sixoclockhold]

So what's it going to be at weeks end?

I saw an article noting oil was up 3% in the last 30 days. Doesn't sound like a lot but if it were annual it would be.

Just wonder what you speculators thing gold and silver will be at the weeks end?

Buy buy buy

The global financial ponzi scheme is coming to an end.

[laurelpark]

I'm definitely not a speculator - but I do try and pay attention to world events and look at whatever fundamental and emotional factors might be in play.

That said, I think today's global opening at 3pm Pacific should be slightly telling. We've got the Greek drama going on, and it's 50/50 that some positive news will come out overnight tonight. If no positive news comes out, the market will take it as a negative for Greece, and safe haven investments will move up. At around midnight tonight here, when Greek banks are supposed to open on Monday morning, we'll see how things look. There are rumors that the banks are undercapitalized and plans are in place to do another Cyprus on the populous.

If Housing data on Monday and Tuesday is especially good or bad, we'll see some volatility.

My guess is that we see no big moves between now and next Friday - but we will see $25 swings to the positive and negative for gold, and $0.50 for silver. Any time we see prices below $1170 on gold and $15.90 on silver, it becomes an interesting buy.

If the number of "deals" out there is any indication, the big metal dealers see prices going down next week. I'm seeing three or four mainstream (Eagles, Buffalos, Maples, etc.) gold coin deals, which normally means that they expect the price to drop and they are moving inventory prior to that. On the other hand, silver deals were mostly pulled recently. While a contradictory sign, it could mean that the dealers have research that shows prices for Silver will move up.

Long story short, price at end of the week will probably be where we're at now, with some wild swings during the next five and a half days.

[sixoclockhold]

Listen to Nomi....she knows

http://kingworldnews.com/nomi-prins-keynote-speaker-who-addressed-the-federal-reserve-imf-and-world-bank-warns-there-is-no-saving-this-global-financial-system/

[sixoclockhold]

The Comex is done with physical market, other than depleting Fort Knox whats left.

Shanghai is now the hub for physical purchases. Paper market will be unhooked very shortly.

[laurelpark]

While I fully believe that all world currencies as we know them today will eventually cease to exist, I really doubt it will happen in any of our lifetimes. That said, it doesn't hurt to invest in what you believe in, and keep a diversified portfolio that includes investments in yourself and the infrastructure around you (training, housing, food, electricity, water, friends, family, etc.). I know of a lot of people who went nuts during y2k and spent a ton of money on things that just went stale, but it was fun for them at the time...

[sixoclockhold]

Every other person that posts on Calguns is receiving Gov. payout and go Moar pills please

50% + .Gov workers

The system is smoked.

We have now proved you can't print your way out of it. Too dumb down.

[sixoclockhold]

The rich are selling stocks, don't want to be the one holding the bag and hording cash. As soon as bail-ins begin a lot of that money will move to PM's.

[sixoclockhold]

The rich are selling stocks, don't want to be the one holding the bag and hording cash. As soon as bail-ins begin a lot of that money will move to PM's.

When you have top fund managers echoing Fuky Guru, you know you're too late to save yourself.

http://www.telegraph.co.uk/finance/personalfinance/investing/11686199/Its-time-to-hold-physical-cash-says-one-of-Britains-most-senior-fund-managers.html

[glockman19]

So what's it going to be at weeks end?

I saw an article noting oil was up 3% in the last 30 days. Doesn't sound like a lot but if it were annual it would be.

Just wonder what you speculators thing gold and silver will be at the weeks end?

Gold @ $1,200, Silver @ $16. I predict it will go up a little and down a little but end the next week within $20 for Gold and within $.80 for Silver so Gold between $1,180-$1,220 and Silver between $16.80-$15.20.

PM's are DEAD. We are getting closer to beginning the climb in interest rates from 0-.25%.

I expect PM's to be a poor investment. I expect interest rates to go up .25% sometime before the end of the year (I think Oct or Nov), with another .25% in the first quarter 2016. I expect the Equities markets to rise until interest rates rise. Market should fall 5-8% on the first 1/4 point move regaining losses before again losing 5-8% between Last week in Dec to the second week of Jan. Then a period of no growth until after the election.

Interest rates rarely rise in an election year. PM's are interest rate and currency sensitive. I see rising interest rates and a stronger dollar over the next 18 months. Not good for PM's.

I'm now invested in VGHCX and have seen 25%+ returns over the last 3 years and have faith in future performance of this fund.

DISCLAIMER: I've been betting on interest rates rising for 2 years now and have lost over $60,000 over that time playing (betting), VIX options....So...I could be completely wrong on my above predictions.

[Ripon83]

Hey now...

Going to start calling you six fud...

http://www.businessinsider.com/percentage-of-americans-work-for-the-government-2012-7

Every other person that posts on Calguns is receiving Gov. payout and go Moar pills please

50% + .Gov workers

The system is smoked.

We have now proved you can't print your way out of it. Too dumb down.

[sixoclockhold]

Going to start calling you six fud...
http://www.businessinsider.com/perce...ernment-2012-7

Great so that makes at least 56% total collecting from the Feds.

http://cnsnews.com/news/article/terence-p-jeffrey/census-49-americans-get-gov-t-benefits-82m-households-medicaid

[sixoclockhold]

Glock Gold is far from dead.

"Germans are buying gold at a frantic pace.

It may be a sign they are worried about the future. People tend to buy gold when they fear economic disaster or a spike in prices."

http://money.cnn.com/2015/05/14/investing/gold-germany-europe-ecb/

[Ripon83]

Oh six thanks for the link....gold demand down 10% in the rest of the world....but you got Germany going for a....too bad they aren't relevant to the world as a whole.

[sixoclockhold]

Well here we are, a week late but here none the less. Hoping we close in the next couple hours in this range. Then we get some pop to the upside, although a triple bottom at the $1,150 range should be in the cards over the next 30 days.

If that holds, me thinks it's nothing but blue skies ahead.

Oh Rip, Dollar Crush date? 11/9/15

Love Fuky Guru

Wait for it !