Are Gold and Silver gonna keep going down?

[Dutch3]

BTW, so what if you lose $200 on an ounce of Gold, if $200 is going to break you, you probably shouldn't be buying it in the first place.

The same for us low budget silver stackers.

+ / - $2 is nothing to fret about.

[smashycrashy]

So Gold outperformed 8 of the 30 Dow stocks

http://money.cnn.com/data/dow30/

Happy New Year Smashy and Cal Gunners.

Happy New Year to you too...

Don't forget dividends... I know it is easy for you gold bugs to forget about that since your gold doesn't give off dividends.. but us stock/bond folks are well aware of the benefits. T, VZ and MCD did better than gold as well.. so the real number is 5 of 30..

The S&P 500 index is really the one to beat and it was up 11.4% and add in a 1.8% dividend.. If you like having lots of dollars having a nice diversified portfolio of stocks and bonds at the cheapest price possible (indexing) has always been the way to go.

Gold & Silver continue to be a suckers game. High expenses, high volatility.. low return.

[Ripon83]

New Years Day 2016 I project
Gold $1025 having been below $1k once or twice
Silver $13.75 having been below $12.5 a few times.
DOW 18,500 not a big yr....

[glockman19]

Over the next 12 months I expect to see Silver below 12.50 touching $10 intraday. Gold definitely under $1,000.
The DJIA, should be around 20,000 as interest rates make a small increase of 1/2 a point in 2 1/4 point increases in the 3rd and 4th quarters of 2015.
Growth will slow as incomes increase to support higher housing values.
Interest rates are the key as is the 2016 election.
Oil should stay low for the foreseeable future with a high of $80 a barrel and a low in the high $40's.
Finally a stronger dollar will increase the purchasing power of most Americans since we import most of our goods as we have become a more service orientated economy.
I don't see precious metals as a good investment over the next 12 months.
Happy New Year

[sixoclockhold]

I'm going with the two best currencies will be Gold and the Dollar, in that order.

Greece will default and BK, forming a new currency backed by their Gold. The Euro zone goes wtf and begins bail-ins.

Russia and China weather the European turmoil and by year end China's yuan becomes a reserve currency held by all central banks at least in small proportions.

U.S> stawks take a haircut 5%, treasuries gain with lower rates. 10 yr. pushes 1.5% and the world is a mess.

Oil ends near $50 and the Dollar at 92. US/Jpn trades 140.

2016 is the blow up of all the QE as Japan prints more yen then ever dreamed of. RE is flat to down 2%.

Japan sinks into the abyss.

[cantcme]

All investments carry risk. Pay off all current debt. A debt free life will cause you to worry less about investments and money.

[sixoclockhold]

$30 swing up in Gold. Why? Pretty simple, Germany's 5 yr. bond now is negative interest, it's a form of rich bail-in or just stay even. Couple this with the ISM report and it should leave no doubt the US is in a major slowdown also.

The market lost it's morning gains and is a sign of things to come. Sell Sell Sell everything and try to hold your wealth in the least possible risk possible.

Got GOLD?

[smashycrashy]

$30 swing up in Gold. Why? Pretty simple, Germany's 5 yr. bond now is negative interest, it's a form of rich bail-in or just stay even. Couple this with the ISM report and it should leave no doubt the US is in a major slowdown also.

The ISM is showing expansion (number above 50), the 2 major components that dragged it down was fewer raw material arriving (due to the port strike/slowdown on the west cost) and lower input prices of raw materials (attributed to the price of oil), employment component was rising solidly and new orders were still good.

The market lost it's morning gains and is a sign of things to come. Sell Sell Sell everything and try to hold your wealth in the least possible risk possible.

You sure like to sweat small price movements. That said I'd love you to explain to me how holding your wealth in single or narrow asset classes is less risky than a diversified portfolio..

It's just poor people thinking. Poor people try to hold onto wealth (and many do it in very stupid manners, simple saving accounts or putting it into silver/gold) , rich people try to grow it (and do it very smartly, start businesses, buy stocks and bonds) .

Got GOLD?

Nope!

[sixoclockhold]

Smashy, remember the days gone by when you were a child at the playground on the swing. You used to pump higher and higher achieving greatness, then the free fall.....

Gulp, lets go try the slide now

[sixoclockhold]

Smashy you are right as usual, we are doing great !

Eighteen Trillion Forty Billion Two Hundred and Twenty Four Million give or take a few bucks.

[smashycrashy]

Smashy, remember the days gone by when you were a child at the playground on the swing. You used to pump higher and higher achieving greatness, then the free fall.....

Gulp, lets go try the slide now

Yeah, I agree, that is exactly what the gold chart looks like...

[smashycrashy]

Smashy you are right as usual, we are doing great !

Eighteen Trillion Forty Billion Two Hundred and Twenty Four Million give or take a few bucks.

You think we are going to run out of dollars?

[sixoclockhold]

The same for us low budget silver stackers.

+ / - $2 is nothing to fret about.

Silver Bugs own the 1st day of trading in the year. They take the DOW, S&P, Naz, Gold, Plat, Pal, Footsie, Dax, Cac all to the woodshed.

[Ripon83]

So long as the dollar has the value it does the debt for our country isn't an issue. QE produced no meaningful inflation as all the gold peddlers said it would and likely stayed a serious deflation. Give the powers that be credit for avoiding a decent storm thanks to the housing bubble in 08/9 brought on by idiotic lending principles I can only hope we won't revisit.

[AONE]

Just checked, gold is at $1482 and silver is at $25.70 an ounce. These have not been this low in two years.

Thoughts on the next year? Time to buy or time to sell?

I got 15 ounces of gold which I bought back in 1997 the gold price back then was 380 an ounce