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Final gold and silver plunge coming up soon?

 
Punk-A$$ets
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User ID: 30559668
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10/21/2013 08:29 PM
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Final gold and silver plunge coming up soon?
Still looking for $1000 gold/ $15 silver, give or take 10% before we really turn around these markets. Any fellow PM tards left? lol
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
User ID: 48721866
Canada
10/21/2013 08:39 PM
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Re: Final gold and silver plunge coming up soon?
looking at a long term chart, gold i bottoming out. may bottom at 1000 but will be 1600 again within a year.
Punk-A$$ets  (OP)

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10/21/2013 08:46 PM
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Re: Final gold and silver plunge coming up soon?
I agree. I think if we can just get down to the true bottoms the tide will turn in a big way. Roughly $1000 seems to be the real target.

www.finviz.com/futures_charts.ashx?t=GC&p=w1

I'm actually going to be concentrating on silver for this new reflation. IMO Its going to be one for the history books.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
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10/21/2013 08:54 PM
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Re: Final gold and silver plunge coming up soon?
I think even at 20-25 per oz, silver is still a good long term nvestment. I don't think waiting for 15 is worth the nail biting. IMHO.
Punk-A$$ets  (OP)

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10/21/2013 09:01 PM
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Re: Final gold and silver plunge coming up soon?
I agree. I just think its fun to try and pick the lows.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
The Right Policy

User ID: 27635921
United States
10/21/2013 09:03 PM
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Re: Final gold and silver plunge coming up soon?
If the jobs number stays the same gold will spike upward because tapering will be off. At the end of October at the next fed meeting it will explode up when they INCREASE QE. Its the only way they can save Obama.
The Right Policy is Always Conservative

"The danger to America is not Barack Obama, but a citizenry capable of entrusting a man like him with the Presidency. It will be far easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to a depraved electorate willing to have such a man for their president. The problem is much deeper and far more serious than Mr. Obama, who is a mere symptom of what ails America . Blaming the prince of fools should not blind anyone to the vast confederacy of fools that made him their prince. The Republic can survive a Barack Obama, who is, after all, merely a fool. It is less likely to survive a multitude of fools, such as those who made him their President." - Vaclav Klaus
Anonymous Coward
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10/21/2013 09:08 PM
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Re: Final gold and silver plunge coming up soon?
USA is Bankrupt!


Yup.... still here!




siren2
Punk-A$$ets  (OP)

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10/21/2013 09:09 PM
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Re: Final gold and silver plunge coming up soon?
If the jobs number stays the same gold will spike upward because tapering will be off. At the end of October at the next fed meeting it will explode up when they INCREASE QE. Its the only way they can save Obama.
 Quoting: The Right Policy


I think it is all short term noise and the downtrend will not be broken until we bottom at $1000 major support. Since the cup and handle broke down at $1700+ we've had all sorts of reasons for gold to spike but every time it did we just saw it fail again and again. This down trend is still in place unless we get a serious breech upward:

www.finviz.com/futures_charts.ashx?t=GC
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Punk-A$$ets  (OP)

User ID: 30559668
United States
10/21/2013 09:15 PM
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Re: Final gold and silver plunge coming up soon?
USA is Bankrupt!


Yup.... still here!




siren2
 Quoting: Once4All


rockon
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Mukk1234

User ID: 40837657
United States
10/21/2013 09:15 PM

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Re: Final gold and silver plunge coming up soon?
Still looking for $1000 gold/ $15 silver, give or take 10% before we really turn around these markets. Any fellow PM tards left? lol
 Quoting: Punk-A$$ets


Really, sorry I disagree....you have nothing to support this but a statement. The real PM traders and 40+ year experts may disagree. At that price all mining will stop as average cost to produce 1oz is over 1100USD. The lower it goes the more China and India purchase. I suggest doing some research before you post a thread with out much backing data.

Last Edited by Mukk1234 on 10/21/2013 09:16 PM
Punk-A$$ets  (OP)

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10/21/2013 09:34 PM
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Re: Final gold and silver plunge coming up soon?
Still looking for $1000 gold/ $15 silver, give or take 10% before we really turn around these markets. Any fellow PM tards left? lol
 Quoting: Punk-A$$ets


Really, sorry I disagree....you have nothing to support this but a statement. The real PM traders and 40+ year experts may disagree. At that price all mining will stop as average cost to produce 1oz is over 1100USD. The lower it goes the more China and India purchase. I suggest doing some research before you post a thread with out much backing data.
 Quoting: Mukk1234


Just looking at the support levels tells me all I need to know. I've done plenty of research and the one thing I've gleaned is that gold bulls and silver bulls generally spout off a bunch of gold and silver Bull(shit). The closing of mines is actually what we need to turn this thing around. I'm on your side I just see it differently.

You look at that downtrend in gold and you actually see something more than an arcing downtrend? Even with the pathetic bounce from $1180, its still arcing downward.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
RAe
User ID: 3475591
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10/21/2013 09:34 PM
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Re: Final gold and silver plunge coming up soon?
All of the biggest miners, the Exxon Mobile of Gold Mining like GoldCorp, Barrick, Newmont, Kinross, IAMGOLD, their true cost to mine an OZ of AU is around $1300
Punk-A$$ets  (OP)

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10/21/2013 09:36 PM
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Re: Final gold and silver plunge coming up soon?
Draw a line across the top from left to right. We're at the end of the bounce from 1180.

[link to finviz.com]
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Punk-A$$ets  (OP)

User ID: 30559668
United States
10/21/2013 09:37 PM
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Re: Final gold and silver plunge coming up soon?
All of the biggest miners, the Exxon Mobile of Gold Mining like GoldCorp, Barrick, Newmont, Kinross, IAMGOLD, their true cost to mine an OZ of AU is around $1300
 Quoting: RAe 3475591


I do not deny any of this. This will be the wind in our sails when it is time to ride. But I seriously doubt we're riding upward from this level.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Punk-A$$ets  (OP)

User ID: 30559668
United States
10/21/2013 09:44 PM
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Re: Final gold and silver plunge coming up soon?
Weak support at $1200, Staunch support at the $1000, robust support at $700. This is what I see.

[link to www.kitco.com]
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
User ID: 46908249
United States
10/21/2013 09:46 PM
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Re: Final gold and silver plunge coming up soon?
PM's are going to hit out. Hell, all they have to do, since the 1% are NOT going to lose their ass to inflation, is come out with a PM backed currency, which stabilizes the monetary base and locks people within their class... the great theft will have been complete. Oh, and by the way, your PM's won't matter when that happens...
Anonymous Coward
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10/21/2013 09:46 PM
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Re: Final gold and silver plunge coming up soon?
I'm actually going to be concentrating on silver for this new reflation. IMO Its going to be one for the history books.
 Quoting: Punk-A$$ets


What is your reasoning?

15 dollar silver and i am a buyer I think... maybe not.
Anonymous Coward
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10/21/2013 09:47 PM
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Re: Final gold and silver plunge coming up soon?
...and you still think you're a player in this game? HAHAHAHAHAHAHAHA...
Anonymous Coward
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10/21/2013 09:48 PM
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Re: Final gold and silver plunge coming up soon?
Sell all your gold build a bunker and kiss your toush audious.
Don't forget the tp when stocking up gold will become worthless
Anonymous Coward
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United States
10/21/2013 09:49 PM
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Re: Final gold and silver plunge coming up soon?
The long run is over gold tards...get over it. Much like the housing market
Punk-A$$ets  (OP)

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10/21/2013 09:51 PM
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Re: Final gold and silver plunge coming up soon?
...and you still think you're a player in this game? HAHAHAHAHAHAHAHA...
 Quoting: Anonymous Coward 46908249


I have been a full time coin dealer for 14 years now. We've done well and continue to make a living selling coins. I could care less if I'm selling gold for $1000 or $1500 so long as I make my spread.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
User ID: 46908249
United States
10/21/2013 09:53 PM
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Re: Final gold and silver plunge coming up soon?
...and you still think you're a player in this game? HAHAHAHAHAHAHAHA...
 Quoting: Anonymous Coward 46908249


I have been a full time coin dealer for 14 years now. We've done well and continue to make a living selling coins. I could care less if I'm selling gold for $1000 or $1500 so long as I make my spread.
 Quoting: Punk-A$$ets


Your spread is going to go bye bye...
Punk-A$$ets  (OP)

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10/21/2013 09:55 PM
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Re: Final gold and silver plunge coming up soon?
The long run is over gold tards...get over it. Much like the housing market
 Quoting: Anonymous Coward 6818024

Bubbles form in all markets. The DOW was 6500 in 2009.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
User ID: 45292497
United States
10/21/2013 09:56 PM
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Re: Final gold and silver plunge coming up soon?
...and you still think you're a player in this game? HAHAHAHAHAHAHAHA...
 Quoting: Anonymous Coward 46908249


I have been a full time coin dealer for 14 years now. We've done well and continue to make a living selling coins. I could care less if I'm selling gold for $1000 or $1500 so long as I make my spread.
 Quoting: Punk-A$$ets


do you do numismatics or just bullion?
Punk-A$$ets  (OP)

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10/21/2013 09:58 PM
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Re: Final gold and silver plunge coming up soon?
...and you still think you're a player in this game? HAHAHAHAHAHAHAHA...
 Quoting: Anonymous Coward 46908249


I have been a full time coin dealer for 14 years now. We've done well and continue to make a living selling coins. I could care less if I'm selling gold for $1000 or $1500 so long as I make my spread.
 Quoting: Punk-A$$ets


do you do numismatics or just bullion?
 Quoting: Anonymous Coward 45292497


Both. But I have to admit to using ETFs. Much easier and more time to enjoy life.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Sikhed

User ID: 47626355
United States
10/21/2013 09:59 PM
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Re: Final gold and silver plunge coming up soon?
I believe the (recent) low for gold & silver has already happened. That was in July(?) of this year when gold was $1225 and silver was $17 (spot).

IMO, it'll never go lower than that, in dollars, because of upcoming economic failure and hyperinflation; when the value of the dollar takes a dive when China unveils it's gold-backed Yuan as the new world currency.

But right now, while the USD, Euro and Yen still retain value, it's still a good time to buy PMs. Physical, that is.
:doom360:
Punk-A$$ets  (OP)

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10/21/2013 10:04 PM
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Re: Final gold and silver plunge coming up soon?
I believe the (recent) low for gold & silver has already happened. That was in July(?) of this year when gold was $1225 and silver was $17 (spot).

IMO, it'll never go lower than that, in dollars, because of upcoming economic failure and hyperinflation; when the value of the dollar takes a dive when China unveils it's gold-backed Yuan as the new world currency.

But right now, while the USD, Euro and Yen still retain value, it's still a good time to buy PMs. Physical, that is.
 Quoting: Sikhed


Could be the lows are in but we've been making lower lows and lower highs in both metals since the end of august. All this and we're still not breaking the down trend lines/ arcs established long ago. I see this as people selling when those trend lines are hit. We need to breech those down trends.

I keep stacking, month after month, year after year.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
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United States
10/21/2013 10:14 PM
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Re: Final gold and silver plunge coming up soon?
The US gov just took on $328 billion in new debt in one day after the debt ceiling got raised. The horses are out of the stable. Gold will creep back down to $700/oz when the US debt creeps back down to $10 trillion.

So when do you think that will occur, sparky?
Interested_1

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10/21/2013 10:30 PM

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Re: Final gold and silver plunge coming up soon?
Still looking for $1000 gold/ $15 silver, give or take 10% before we really turn around these markets. Any fellow PM tards left? lol
 Quoting: Punk-A$$ets


I'm not sure we'll ever see that again.
1200 gold and 20 silver, maybe.
And then i might have a little shopping spree.
Take the red pill now...later it will come as a suppository.
silvervega

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10/21/2013 10:58 PM

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Re: Final gold and silver plunge coming up soon?
The gold and silver market as a hand held asset, can't be predicted
You can't eat it. You can't trade it easily, and it is known to many. Therefore like TP it does have value to some.....poke
On the other hand, I have different fingers.
Anonymous Coward
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10/22/2013 01:17 PM
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Re: Final gold and silver plunge coming up soon?
siren2

siren2

Looks like a breakout for gold on the 60 day chart!





GLP