Faber: Gold may fall to $1300 before rebound

Discussion in 'Gold' started by Gold Kiwi, Apr 13, 2013.

  1. Gold Kiwi

    Gold Kiwi New Member Silver Stacker

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  2. VRS

    VRS Well-Known Member Silver Stacker

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  3. thatguy

    thatguy Active Member

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    A bit perplexed by where gold will drop to... I fully expected the GSR to be going 60+ by now but silver has been lagging sorely. $1300 would be nice as I am short ATM
     
  4. worldbubble

    worldbubble Active Member

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    I hope I had the same in Japan ... with yen ... no luck, paying as I payed when gold was $1800/oz
     
  5. menotcrimex

    menotcrimex Member Silver Stacker

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    No need to move from Gods country lol

    This guys just been reading my posts and tweaking the numbers, Faber who lmao
     
  6. thatguy

    thatguy Active Member

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    Fall you say!
     
  7. Riyder

    Riyder New Member

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    more like thrown from balcony and crashed thru to the basement,
    it has only just clawed its way back street level
     
  8. TreasureHunter

    TreasureHunter Well-Known Member

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    I don't think this is a rebound...
     
  9. The Road Home

    The Road Home Member

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    I agree.
     
  10. leo25

    leo25 Well-Known Member Silver Stacker

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    I disagree :)
     
  11. menotcrimex

    menotcrimex Member Silver Stacker

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    $1367 may be significant, $1400 will be hard to pass and stay there.
    Barring a black swan I think it may be monkey hammered very low after $1367ish imho

    Not prediction just opinion, no method used here.
     
  12. House

    House Well-Known Member Silver Stacker

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    I acquiesce
     
  13. The Road Home

    The Road Home Member

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    My belief is this move up will run out of steam and slowly deflate back to the norm around $1250 or so. My two cents.
     
  14. leo25

    leo25 Well-Known Member Silver Stacker

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    My belief is the move down over the past 2 year will run out of steam and we will slowly inflate back to the norm of around $1600 or so. :p

    Love how two people can see the same thing very differently.
     
  15. JulieW

    JulieW Well-Known Member Silver Stacker

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    [youtube]http://www.youtube.com/watch?v=MrCPIrs90eg[/youtube]
     
  16. JulieW

    JulieW Well-Known Member Silver Stacker

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    Gold has broken through the 200 DMA and JP Morgan appears to be buying again so it could be starting its grand run

    - or not.
     
  17. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    I'm not convinced what's driving the price atm. Come's across as a mixture of the market expecting the Fed to turn the QE tap on again and the Indian government relaxing it's gold restrictions. I'm happy with the direction but would still need to see more upside of around $1400 to be convinced that PMs are on a genuine bull run.
     
  18. The Road Home

    The Road Home Member

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    In the end , yes... and then some. My comment was short term based. I still think it will go quite a bit lower to under 1200USD. Yellan will announce a second round of stimulus reduction if this hasn't already been done. Otherwise the FED wil lose all credibility. This event cound be the catalyst for the next move down.
     
  19. menotcrimex

    menotcrimex Member Silver Stacker

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    $1367 been following me all day (-;
     
  20. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    not really
     

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