Are Gold and Silver gonna keep going down?

[sixoclockhold]

So now you miss...but still claim in the next post you "delivered"?

I guess the guru can't smell the difference between $1,120 gold and $1,130 gold...

The high yesterday was actually $1,124

as of right now we are at $1,128 with a whole lot of wind behind the sails.

When I called $1,200 EVERYONE would laugh and say impossible. Today anyone with their ear to the ground is saying Fuky could just be right !

Not could be, I'm soo deep in the rabbit hole my hair is all yucky.

[sixoclockhold]

of course when we do in fact hit $1,200 in several days, I will be once and for all fully vindicated again as the greatest Fuky Guru who ever posted on CG.

The world reads me, the world will pay me for my insight.

@ FukyGuru.com Subscription service only $5 a month like all the lessor greats.

[the86d]

of course when we do in fact hit $1,200 in several days, I will be once and for all fully vindicated again as the greatest Fuky Guru who ever posted on CG.

The world reads me, the world will pay me for my insight.

@ FukyGuru.com Subscription service only $5 a month like all the lessor greats.

[keenkeen]

The high yesterday was actually $1,124

as of right now we are at $1,128 with a whole lot of wind behind the sails.

When I called $1,200 EVERYONE would laugh and say impossible. Today anyone with their ear to the ground is saying Fuky could just be right !

Not could be, I'm soo deep in the rabbit hole my hair is all yucky.

So I guess I will start using the markets daily high when addressing where the market is...so the DOW was 16235.03 today, makes sense.

Gold ain't going to $1200 in "several days" or even 7...

But if it touches it for 1 minute on one day I will give you credit, just because you are so damn needy.

[Ronin2]

$1200/ounce gold with sub $30 barrels of oil? Really? The ONLY thing that has kept it from heading south a lot further is all the Chinese/Asian money coming out of China's stock market and parking in Gold.

Expect gold to decline a bit more and expect more American Real Estate to get snapped up this spring/summer by Chinese/Asian interests tired of the risks of their stock market. Don't expect oil to go up anytime soon with the slowdown in the Chinese economy and the Iranian spigot opening up ...

However, with cheap oil and gas now may be the time to sell your gas guzzler trucks...

[ohsmily]

of course when we do in fact hit $1,200 in several days, I will be once and for all fully vindicated again as the greatest Fuky Guru who ever posted on CG.

The world reads me, the world will pay me for my insight.

@ FukyGuru.com Subscription service only $5 a month like all the lessor greats.

[the86d]

Anyone else stop buying when silver re-hit $14+, then re-realize that we are still near a 6-year low?

[PC9111]

Japan just thru a wrench in the guru gears

[Not a Cook]

Japan just thru a wrench in the guru gears

So... NIRP by the ECB and now the BOJ. Additional currency should head to the U.S. as a result (at least in the short-term), strengthening the US$.

There's a lot of variables at play; I'm curious to read what folks are guessing will happen.

Anyone care to take any guesses/prognostications as to what this will mean for PM prices in the short-term, medium-term, and/or long-term?

[laurelpark]

So... NIRP by the ECB and now the BOJ. Additional currency should head to the U.S. as a result (at least in the short-term), strengthening the US$.

There's a lot of variables at play; I'm curious to read what folks are guessing will happen.

Anyone care to take any guesses/prognostications as to what this will mean for PM prices in the short-term, medium-term, and/or long-term?

Short to medium term, my guess is flat to a slight decline. People are getting scared that officials are getting desperate to keep the bubble inflated and keep the world's debt from imploding, and that will prop up prices. But, the USD is getting stronger, so that puts pressure on metals.

Long term, when the Fed goes this route, I think the same kind of panic will set in that we saw during the last metals rally. Every metals analyst in the world will come out of the woodwork to start talking about how there is nothing left to do to prop up the market, and the market will respond. There very well may be a flight to safety at that point. Even with free money to pump into the markets to shore it up, eventually people will realize that it's all an illusion and they will get out.

Of course, this depends upon the US economy going south. If it continues on its current path, and the Fed holds course, I think we'll see flat gold for a long time.

[Jimi Jah]

Oil is going back up. Gas will be $4.00 per gallon here in CA by summer, as usual.

It doesn't matter what the price per barrel is, the CA Cap and Trade laws will keep it higher than Hawaii here forever. It's like Europe in CA, more taxes to keep consumption down to "prevent global warming".

What's weird is there are no news reports on this and no one in the media is questioning why CA pays far more than any other state.

[keenkeen]

There's a lot of variables at play; I'm curious to read what folks are guessing will happen.

Anyone care to take any guesses/prognostications as to what this will mean for PM prices in the short-term, medium-term, and/or long-term?

Hmmmm....to da moon????

[Not a Cook]

Hmmmm....to da moon????

Be sure to tune in to next week's Rocky and Bulwinkle show to find out: Did sixoclockhold somehow start posting under keenkeen's screenname? Or has keenkeen been brainwashed? Will the evil Boris and Natasha somehow steal the preppers PMs?!

[laurelpark]

What's weird is there are no news reports on this and no one in the media is questioning why CA pays far more than any other state.

I think it's been happening for so long, and we've heard the same explanation so many times, that nobody really pays attention anymore.

A few years back, I remember a lot of media discussion around why gas in the SF Bay Area was so high when a bunch of refineries are right there in the East Bay. The answer kept coming back to "it's CA clean fuel standards that makes the gas more expensive."

I personally think it's BS.

[1to3]

I think it's been happening for so long, and we've heard the same explanation so many times, that nobody really pays attention anymore.

A few years back, I remember a lot of media discussion around why gas in the SF Bay Area was so high when a bunch of refineries are right there in the East Bay. The answer kept coming back to "it's CA clean fuel standards that makes the gas more expensive."

I personally think it's BS.

That and only 5 refineries make it for the west coast and 3 of them are owned by the same company! (And they have a tendency to shut down)