Gold and Silver Crashes "FTI" Told us so!

[Value Buy]

Jan 9, 2015 13:56:34 GMT -5 usaone said:

WTI at $47. We are near the bottom.

Pre-market above $49

Metal markets up too.

[damnotagain]

$1500 by years end! 

Silver $35! 

[frankq]

$1500 by years end!

Yeah.........we haven't heard that before.......Lol!!! Nothing changes around here.....

[frankq]

Gold under $1200.00 ...........Again!!!!!!!!!

[damnotagain]

Well let's just continue the race to debase.

Gold going higher

2 commodities ,  Oil and coal have met the Main Street economy . Like it ,there down . 

[Ombud]

I was thinking 1100

[frankq]

Jun 18, 2015 18:54:11 GMT -5 damnotagain said:

Well let's just continue the race to debase.

Gold going higher

2 commodities ,  Oil and coal have met the Main Street economy . Like it ,there down . 

Yeah...gold has been tearing it up ...........lol........

[frankq]

In case anyone is still wondering...yes, gold fell below $1100. Sorry damn.

[Value Buy]

Jan 29, 2015 20:43:54 GMT -5 damnotagain said:

$1500 by years end! 

Silver $35! 

OOPS!

Well you do have five months and a few days to hit your numbers.

[usaone]

Oil at $4X.XX

Gold at $10XX.XX

We are at the bottom. But will remain here for sometime.

[Aman A.K.A. Ahamburger]

Oil maybe, the rig count is up - probably because the mid East is on borrowed time.

But gold? The idea of the Remyanui becoming a reserve currency in the next 10-15 years is now off the table - aside from in the gold dud communities. Seems like the gold duds might be living on borrowed time as well.

Study predicts gold could plunge to $350 an ounce

the forecast of Claude Erb, a former commodities manager at fund manager TCW Group, and co-author (with Campbell Harvey, a Duke University finance professor) of a mid-2012 study that forecast a plunging gold price. They deserve to be listened to, therefore, since — unlike many latter-day converts to the bearish thesis — they forecast a long-term gold bear market when it was only just beginning....

..gold’s fair value, which is currently $825 according to the formula proposed in Erb and Harvey’s study. The second is the likelihood that, whenever gold does eventually drop to fair value, it will overshoot and drop to a much lower value. He calculates that, if gold drops below fair value to the same extent it did in the mid-1970s and the late 1990s, bullion would trade around $350 an ounce.

Erb acknowledges that gold’s true believers will find such a prospect outrageous, if not simply incomprehensible. But, he asks, why should gold behave differently than any other asset, each of which fluctuates markedly from the extremes of over and under value?

Erb uses the five well-know stages of grief to characterize where the gold market currently stands. Those stages are denial, anger, bargaining, depression and acceptance, and he argues that the gold-bug community currently is in the “bargaining” stage.

He argues that, in mid-2012, the gold bugs were in the denial phase. His and Harvey’s forecast of gold around $800 an ounce was met with almost total incredulity. Today, in contrast, with gold more than $500 an ounce lower and forecasts of sub-thousand-dollar gold now relatively common, the gold bugs have progressed through the anger phase and are now “bargaining with God.”

[jarrett1]

Well looky here as the old sage decoy would say...yes commodities in a tail spin...WELL I TOLD YA SO!!!! 

[usaone]

King Dollar!!!

[tyfighter3]

I heard today there is 2300 rigs laying on their side. To me that sounds like the cost to drill will come down a lot.

[jarrett1]

Gold on its way to $1,100. by 2018

[Value Buy]

www.msn.com/en-us/money/markets/silver-rally-is-stealing-the-show-even-as-gold-surges-to-6-year-high/ar-AAGwdHm

[djAdvocate]

Oct 18, 2017 14:52:56 GMT -5 jarrett1 said:

Gold on its way to $1,100. by 2018

yeah, how did that work out for you?

[djAdvocate]

crickets......

oh well. a closed mouth catches no flies.

[countrygirl2]

I can remember, but not the year when I had a renter neighbor buying gold, this had to be 10 years or more ago, gold was going up. Was $1800 an ounce and I kept saying why are you buying when its raising.  He knew it was End Times and we were going to have the apocalypse. I told him well if that happens who wants gold, buy food, cigarettes, gas, or booze.  It still hasn't recovered to that price, poor man he is either still waiting or sold it to survive.  He would preach religion to me, I finally had to tell him to stop I did not believe in all that stuff.  His sister said he ran all his friends off doing that. Not part of the gold issue, I just remember this other stuff about him, LOL!

But gold? The idea of the Remyanui becoming a reserve currency in the next 10-15 years is now off the table - aside from in the gold dud communities. Seems like the gold duds might be living on borrowed time as well.

Russia and China have been buying tons of gold over the last few years so their currency is gold backed and not just based on faith.  Even smaller countries are doing the same. Not being sophisticated in these things I imagine that is helping drive the price up. But I do think they are being smart and with trump driving our debt up a trillion a year those countries have a leg up on us, their money is backed with actual gold.  If countries quit buying our debt guess who is going to be on top, Russia and China.  Wonder how that will work for us?

[djAdvocate]

gold is a good dollar hedge.

if you REALLY think that the USD is the best currency in the world, you should stay clear of gold.

but, from my perspective, there are way stronger currencies out there.

eventually, those currencies will erode the dollar's dominance.

again, if you don't think that, then gold is not your game.

but I do.

[djAdvocate]

gold is up 25% since I made that post.

but let's face facts. it was a pretty obvious play.
the idea was basically that our federal government would do little to nothing to stop the coronavirus,
and that would cause massive economic disruptions.

if you think the spring was bad, wait until this fall.

[frankq]

Sept 15, 2011 11:04:19 GMT -5 rovo said:

Sept 15, 2011 10:59:47 GMT -5 @maui1 said:

The most likely scenario is that SLV will bounce off of the lower band. Silver could be at a good point to buy-in at the current value.

not sure if frank- would have liked this statment........

maui1, Why is it necessary for you to try and rile everyone. Frank has left the board and I see no reason to comment on what he may or may not have liked.

rovo -- Moderator

[djAdvocate]

gold is holding steady at this level.

it has not seriously dipped below 1700 in nearly 2 years.

and it is on a nice slow climb right now.

I think it breaks 2000 this year.

sector buy.