To me. I think $20 USD per troy oz is a good and fair price for the metal. I'd say between $18 and $20 is where it should be just based on gut feeling. The fact that I can get minted coins for a little less than $20 right now makes me very happy and I am buying as many as my limited budget is allowing (ok not many but enough to keep me happy). I think spot will eventually go back up to low $20's where is belongs. I think gold is about $100 over priced at the moment and should be just below $1,100. No charts, no figures, just a gut feeling when I look at something and think what I would be happy paying for it. YMMV.
To me! Its the silver prediction game, looks like you didnt join in? If I am correct I can start a thread saying "I was right I was right"
Looking at all the geopolitical and financial turmoil that the world is in, I would be very surprised if silver is <A$30 by the end of 2015. Like all things, time will tell.
If I use the last reported futures position + 70Moz per price dollar + min position of 10K - method, $14 will return. So that's the price I target at the moment, for a next purchase.
Yes, I also expect it to go up, down, up again, down again, etc., not only until early next year, but for the next centuries. And yes, don't try to time it perfectly. I think SilverPete and I agree with everything.