Are Gold and Silver gonna keep going down?

[sixoclockhold]

Recap: Between 3/4's-1 oz. of Gold for every person on this planet. It is the ultimate MONEY, maybe the only money soon. Do you have yours?

Can Gold go to $25,000 an oz.? Sure it can, if it is used to cover only a portion of our debt. Can supplies run low or be gone quickly? Yep, bank on it. There are a huge number of shorts in the market with all the negativity in Gold the last few years. The Comex is empty of Gold, Central banks are net purchasers now. Everyone and their brother hedged Gold. These bets will now reverse. China and India are max buyers. What happens if the US wealth is plowed into Gold? I don't believe this time the physical is available. We could see huge upward swings in the price should people chase the Golden opportunity.

$1,300 Gold could happen in hours, days or weeks. Once the rush is on, who will sell knowing the price is skyrocketing? Nobody ! We may see $1,900 in short order.

I think Silver comes for the ride but hits my prediction of 100 to 1 Gold.

The world hedged their currencies while the dollar rose. Now it's our turn?

[repomanNWP]

Although this thread is utterly wrecked by the trolls fighting each other, I'll add to the noise. I went 65% cash, 20%bonds, rest in equities in early January... for me, it was a bold move as I've been a long term buy and hold investor for 30 years. But, the data could not be ignored.. it was bad, and is bad. There is no will to fix fiscal policy, the Fed is completely out of tools for monetary policy, corporate earnings are down, wages are down, and jobs are only up because of the rise of crappy low paying part time jobs. I've picked up a little PM over the last couple weeks but still only about 1% of my net worth so far... I may go up to 3% or so, but I really would prefer to remain in cash. The dollar drop is going to push PM's higher, as is the general capitulation that its about the only safe haven. I've paid very close attention to all the talking heads since early January and its been fascinating to see the shift. Initially, the bubble vision types held strong, telling everyone not to sell... then they started talking about why its good to have some cash around, to buy the dips. Then they started admitting corporate earnings aren't coming in, and growth appears to be slowing down. Then they started to say the dreaded "R" word...recession... suggesting its still highly unlikely, but possible. Next they admitted PM's are good to have, but only 5% of your portfolio... and that brings us to today.

I'm very happy I made the move to cash when I did, and I have no desire to come back into this market. I believe the Fed will have to cut the rate back, and float QE4... the economy is WEAK, and its not because of China. Good luck to all, I'm on the sidelines.

[Not a Cook]

Although this thread is utterly wrecked by the trolls fighting each other, I'll add to the noise. I went 65% cash, 20%bonds, rest in equities in early January... for me, it was a bold move as I've been a long term buy and hold investor for 30 years. But, the data could not be ignored.. it was bad, and is bad. There is no will to fix fiscal policy, the Fed is completely out of tools for monetary policy, corporate earnings are down, wages are down, and jobs are only up because of the rise of crappy low paying part time jobs. I've picked up a little PM over the last couple weeks but still only about 1% of my net worth so far... I may go up to 3% or so, but I really would prefer to remain in cash. The dollar drop is going to push PM's higher, as is the general capitulation that its about the only safe haven. I've paid very close attention to all the talking heads since early January and its been fascinating to see the shift. Initially, the bubble vision types held strong, telling everyone not to sell... then they started talking about why its good to have some cash around, to buy the dips. Then they started admitting corporate earnings aren't coming in, and growth appears to be slowing down. Then they started to say the dreaded "R" word...recession... suggesting its still highly unlikely, but possible. Next they admitted PM's are good to have, but only 5% of your portfolio... and that brings us to today.

I'm very happy I made the move to cash when I did, and I have no desire to come back into this market. I believe the Fed will have to cut the rate back, and float QE4... the economy is WEAK, and its not because of China. Good luck to all, I'm on the sidelines.

I'm a bit younger (I assume - please forgive my assumption), but agree with the basic sentiments you shared.

As much as I don't WANT to think it, I'm concerned we're watching a slow-motion train collision. We know it's going to happen even before it does because we can see two trains on the same track heading (SLOWLY) toward each other, we just don't know when it will happen (and there doesn't seem to be anyone to stop either of the trains before they do crash) or just how bad it will be when they do crash (although we doubt it'll be anything less than frightening to watch).

I devour news and have done so for many years. That said, I'm very much aware that some of the "experts" with pretty decent track records have predicted (some 7 years ago, even) that this mess would occur, PMs would spike, and then as commodity deflation kicks in (assuming the PM paper fixes are still functioning) that PM prices would actually deflate significantly for a short while before taking back off into high inflation or hyperinflation. Does anyone else here share that same suspicion? If such an event occurs and physical PMs are readily available for purchase, that would seem to be the ideal time to buy. Or am I too out in left field for everyone here?

[sixoclockhold]

I'm a bit younger (I assume - please forgive my assumption), but agree with the basic sentiments you shared.

As much as I don't WANT to think it, I'm concerned we're watching a slow-motion train collision. We know it's going to happen even before it does because we can see two trains on the same track heading (SLOWLY) toward each other, we just don't know when it will happen (and there doesn't seem to be anyone to stop either of the trains before they do crash) or just how bad it will be when they do crash (although we doubt it'll be anything less than frightening to watch).

I devour news and have done so for many years. That said, I'm very much aware that some of the "experts" with pretty decent track records have predicted (some 7 years ago, even) that this mess would occur, PMs would spike, and then as commodity deflation kicks in (assuming the PM paper fixes are still functioning) that PM prices would actually deflate significantly for a short while before taking back off into high inflation or hyperinflation. Does anyone else here share that same suspicion? If such an event occurs and physical PMs are readily available for purchase, that would seem to be the ideal time to buy. Or am I too out in left field for everyone here?

What movie was it that PM's retraced 40-60% and then took off to new highs? Did we miss the whole commodity deflating thing too? Why is the Baltic Dry so low, or copper, oil, corn, wheat

Are you watching the movie or reacting on it?

Please show me an expert that years ago predicted anything but inflation with the excessive printing. This toilet bowl swirl of deflation is an effect that nobody counted on.

Even Gold Bugs didn't really believe $50,000 Gold but you know what now?

To Da Moon !!!

[sixoclockhold]

Although this thread is utterly wrecked by the trolls fighting each other, I'll add to the noise. I went 65% cash, 20%bonds, rest in equities in early January... for me, it was a bold move as I've been a long term buy and hold investor for 30 years. But, the data could not be ignored.. it was bad, and is bad. There is no will to fix fiscal policy, the Fed is completely out of tools for monetary policy, corporate earnings are down, wages are down, and jobs are only up because of the rise of crappy low paying part time jobs. I've picked up a little PM over the last couple weeks but still only about 1% of my net worth so far... I may go up to 3% or so, but I really would prefer to remain in cash. The dollar drop is going to push PM's higher, as is the general capitulation that its about the only safe haven. I've paid very close attention to all the talking heads since early January and its been fascinating to see the shift. Initially, the bubble vision types held strong, telling everyone not to sell... then they started talking about why its good to have some cash around, to buy the dips. Then they started admitting corporate earnings aren't coming in, and growth appears to be slowing down. Then they started to say the dreaded "R" word...recession... suggesting its still highly unlikely, but possible. Next they admitted PM's are good to have, but only 5% of your portfolio... and that brings us to today.

I'm very happy I made the move to cash when I did, and I have no desire to come back into this market. I believe the Fed will have to cut the rate back, and float QE4... the economy is WEAK, and its not because of China. Good luck to all, I'm on the sidelines.

What about Zimbabwe? Me thinks you will sleep even better with a stack. There will come a point there is NO GOLD available.

[sixoclockhold]

Gold up $20 more now. She's taking flight to $1,300, maybe tomorrow.

Will you pay that for an ounce?

You know my answer.....Gladly !!!

[Frozenguy]

Holy ****z
$1241 and just powering upwards

[jeffrice6]

Worst 102 page thread ever! Survival and prep ~ not OT

[sixoclockhold]

Worst 102 page thread ever! Survival and prep ~ not OT

And you've probably read every single page.

[sixoclockhold]

Holy ****z
$1241 and just powering upwards

Almost at my average cost.

[sixoclockhold]

Gold up $40.40

There will be a day here I bet that we see over $100 maybe $200 up move.

Ha ha, ain't gonna let em in cheap now. If you want some Gold better hurry cuss soon there will be none.

[sixoclockhold]

Technically imo there is only ONE resistance @ $1345, a very powerful 200 WEEK moving average (like 4 yr. avg.) and then it's clear sailing all the way to the top of $1,900.

$1,300 is only psychological and will get eaten for lunch.

[jeffrice6]

And you've probably read every single page.

Almost at my average cost.

Gold up $40.40

There will be a day here I bet that we see over $100 maybe $200 up move.

Ha ha, ain't gonna let em in cheap now. If you want some Gold better hurry cuss soon there will be none.

Technically imo there is only ONE resistance @ $1345, a very powerful 200 WEEK moving average (like 4 yr. avg.) and then it's clear sailing all the way to the top of $1,900.

$1,300 is only psychological and will get eaten for lunch.

Another 4 posts ~ Big winner!

[keenkeen]

Another 4 posts ~ Big winner!

What? Is he supposed to wait for someone else to respond or comment?

I don't think that is how he thinks it works.

[Not a Cook]

Almost at my average cost.

Why is your average cost so high?!