Gold to $1250-1400 range

Discussion in 'General Precious Metals Discussion' started by Zomby, Apr 4, 2012.

  1. Zomby

    Zomby New Member

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    Just read an article from a link off Kitco News called "Fed kills gold trade, but doesn't bury it", http://www.thestreet.com/story/1148...-trade-but-doesnt-bury-it.html?cm_ven=GOOGLENquoting a senior metals analyst from Kitco, Jon Nadler stating,

    Just interested to hear others view on this article and what is said about gold hitting those levels?
     
  2. Aengrod

    Aengrod Member

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    Obama has to be reelected; will be hard without new dose of QE. Nuff said. :p
     
  3. Zomby

    Zomby New Member

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    Interestingly, Silver T Rader commented on the article underneath as follows
     
  4. Ozi

    Ozi Member

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    I'm waiting......
     
  5. goldpelican

    goldpelican Administrator Staff Member

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    Nadler is a renowned permabear.
     
  6. JulieW

    JulieW Well-Known Member Silver Stacker

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    My bottom line is that the POG is fixed and a paper market. If you can buy physical at the low prices put in by the paper traders then how lucky are we?

    Personally I think that without the paper market in gold we'd be looking at a gold price somewhere north of $5k an ounce. The fact of market manipulation to try and make their currency games look valid is to our advantage, but the price of a physical ounce placed in your hand is all that matters. No matter what, it will always be worth at the very minimum a commodity trade (versus a currency trade).

    If it gets near 1200 just try and buy every skerrick of gold you can find.
     
  7. Peter

    Peter Well-Known Member

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    I'm always getting confused by so much information,so I look at the broad picture.
    Major markets and currencies will crash in a large economic downturn and then,in a flight to safety,gold will rise in price.
    For all the information out there ,I just can't doubt this.
    Things have gotten too bad.
     
  8. BBQ

    BBQ Member

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  9. RomanControl

    RomanControl New Member

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    I believe Mike Maloney, have his photo in my wallet

    Did you know the traditional silver/gold ratio is 16 to 1?
    Therefore the true value of gold today is $480 an ounce
     
  10. Aureus

    Aureus Active Member Silver Stacker

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    The chances of gold falling that amount this year are miniscule.
    QE3 is going to happen, it's a given, so I'm not worried. I don't think there is any great risk in buying up now, should do ok toward the end of the year.
     
  11. frogman

    frogman New Member

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    There is an investment show out of Vancouver called Money Talks.
    One of the regular guests owns Border Gold which is a big dealer in Vancouver.
    He is talking about 1350 as a possibility if we see further weakening.
    Great opportunity to buy more.
     
  12. Dogmatix

    Dogmatix Active Member

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    Such a sh*t stirrer, but in a good way :)
     
  13. Nugget

    Nugget Well-Known Member Silver Stacker

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    Gold @ $480 an ounce I'll borrow all that I can and stack to the moon. If gold never recovers in my lifetime my nieces will benefit in theirs
     
  14. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

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  15. DanDee

    DanDee Active Member Silver Stacker

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    I believe Roman Control, have his photo in my wallet

    Did you know the traditional silver/gold ratio is 16 to 1?
    Therefore the true value of silver today is $100 an ounce
     

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