David Morgan predicts gold down below $1600 and silver ?

Discussion in 'General Precious Metals Discussion' started by Ronnie 666, Oct 16, 2011.

  1. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Ronnie 666, Oct 16, 2011
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  2. Guest

    Guest Guest

    Morgan creeps me out a little
     
    Guest, Oct 16, 2011
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  3. jnkmbx

    jnkmbx Well-Known Member

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    I don't know what he looks like, but I'm sure he's creepy if geewiz implies so :p

    Gold was already ambushed.
    It dropped from the $1889.70 high.

    It still has a bit of padding left, which I reckon is about $100 - $200 (max) worth.
    Anything lower than $1500 is a buy imo.

    Right now silver is a buy and will continue to be so while it remains in the low 30s.
     
    jnkmbx, Oct 16, 2011
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  4. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    You are not the only one !!
     
    Ronnie 666, Oct 16, 2011
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  5. BBQ

    BBQ Member

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  6. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Ronnie 666, Oct 16, 2011
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  7. grinners

    grinners Active Member Silver Stacker

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    I can't watch it for some reason... keeps changing to some video about a blackberry half-way through the ad :(
     
    grinners, Oct 16, 2011
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  8. Amalgam

    Amalgam New Member

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    Amalgam, Oct 16, 2011
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  9. Nukz

    Nukz New Member

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    Sure its easily possibly as the DXY still has not yet hit its previous tops. If the DXY rallys to 87/88 then gold could easily drop another $100 but priced in AUD it may reach 1750 - 1900? or beyond as the DXY may rally even further this time around due to euro problems.
     
    Nukz, Oct 16, 2011
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