KWN Source - Gold Will Move $150 Higher Within 5 Weeks

Discussion in 'Gold' started by ozcopper, Dec 10, 2010.

  1. ozcopper

    ozcopper Well-Known Member Silver Stacker

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    Link: http://kingworldnews.com/kingworldn...old_Will_Move_$150_Higher_Within_5_Weeks.html

    From KWN:

    Lots more at the link above.
     
  2. JulieW

    JulieW Well-Known Member Silver Stacker

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    This bit was fascinating:
    Ties into another thread here with Goldman Sachs predicting a low price for gold in 2012.

    A flight by americans into metals would have a devastating effect on USA economy I'd think, and this is more evidence that PMs are not on the general public's radar yet in USA let alone in Aust.
     
  3. Silverthorn

    Silverthorn Well-Known Member

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    The bigger problem would be asia, which hold a big chunk of treasuries, moving out of treasuries and into gold in a big way. Bonds tank, interest rates soar and the US economy collapses completely.
     
  4. boneyard

    boneyard Well-Known Member Silver Stacker

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    Thanks for the link.
    Interesting reading.

    Got PM's for Xmas?.............:)
     
  5. Austacker

    Austacker Active Member

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    So true they only buy Bonds, imagine if they started buying Bullion instead (Us Govt) to perhaps protect themselves, they can't because it will send the wrong message. They are basically damned if you do and damned if you don't situation.

    Perhaps this could be the way future markets are played from here on. There are many wealthy people now who can have an effect. Plus when you had syndicates it is even more power. Good for us though I think.
     
  6. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    Current spot is $1390 so gold to $1540

    which will imply a price of silver

    @ current GSR 48.10 silver SPOT $32.01
    @ GSR 55 silver SPOT $28
    @ GSR 43 silver SPOT $35.80
     
  7. Bulawan pilak

    Bulawan pilak New Member

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    Thats not taking into account any drops in AUD, if it was to happen you could add an extra 30% showing AUD $40 - $45....

    Brought from ABC Sydney today and PAMP won't be supplied until February 2011. The market is hot baby =)
     
  8. JulieW

    JulieW Well-Known Member Silver Stacker

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    For anyone here experienced with trading in 2008. Did dealers trade PMs when the AUD was down or did they close shop to see where it would land?
     
  9. Peter

    Peter Well-Known Member

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    It was hard to get most things,sold out.
     
  10. intelligencer

    intelligencer Active Member

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    A $150 move in gold would be awesome.
     
  11. dccpa

    dccpa Active Member

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    Things were available in the US, except for Platinum coins. However the premiums on ASE went up from below $2 to $4-8. So, if things dried up in AU, you could still get pms from the US and other places.
     
  12. hilaire9

    hilaire9 Member

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    I wish Perth Mint silver was cheaper in the US, but the extra few dollars of premium causes me pause.
    I do buy a pretty bird or the cute rabbits when I am in a coin collecting mood.
    In fact I did buy girlfriend a wonderful Gustav Mahler 1oz proof, but this is Christmas gift action,
    not investing. May I suggest a normal grey cockatiel 1oz silver coin with the cheek feathers
    lavishly layered in 24k gold! They are native to OZ.
     
  13. Peter

    Peter Well-Known Member

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    When I bought I bought all in the hand.To order in a situation like that,well,you don't know if it would be actually available in the future.
    Maybe your money would be returned because "sorry,now unavailable".Grapped anything at all .Only now in profit with that stuff.Don't mind though because it was "insurance" during that unsettled time.
    If it shoots up it becomes hard to get.
     

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