That's right my first gut feeling about Gold and silver. My gut is telling me that Gold will drop to high $1600 and silver to low $30 in the next month or two. This is based on my gut that's big enough to have it's own brain. It's then telling me it will than climb back to the levels that it is now and by April it will be high $1900 and low $50. Thankyou stomach for the heads up.
I am on the record as saying that AU will be A$1900 and AG $60 by years end. I still think it will get there. We shall see.
My budget want allow for the new digital version I have to stick with the annalog version that's powered by a Russian nuclear sub
Prices seem to be doing a bit of <-- --> (sideways movement) lately. It's that "pregnant pause" before the storm, I think... the direction is going to be determined by news regarding debt & bank/bank failure. Just my gut feel at the moment ;-)
My gut says low 1700s and 35-36. which is why I'm taking a lil Au profit. I sat pat at 1900 thinking both times we were on the road to 2k...mistake! We'll still get there, but it may be late 1st quarter 2012.
The secret is to forget what PMs you already own and continue to buy regularly adding to what you've forgotten. Only check spot before purchase and never sell.
................................................... it goes without saying......... enjoy the ride.....................
terrence mckenna's work on "novelty" and the i-ching predicted a collapse of function .... don't worry your transmission will resume again shortly ...
My Gut is back and he is telling me this because it is obvious to me now that he can read my mind, very freaky. No John the price of Gold and Silver is not going to take another dip it may jolt a little but it won't fall. Now buy 20oz of gold and 200oz of silver than make me a piece of toast with honey.
Is your gut telling you it's going up now? On a side not, saw an older gentleman at the coin store, he was asking me where the store was and I showed him and offered to help carry his suitcase, he politely declined. When he went in, he was selling 600 silver maples and 15 gold maples. I knew I should've jacked him in the parking lot, hahaha This is the second time I've seen someone sell a massive amount of gold/silver on a big dip. The last one was over a month ago on a $3 dip and it was a young buy, mid 20's, selling over 750 oz of silver.
I understand why fund managers would sell as the price goes down, but individuals? I guess if you bought at 15-20 and thought it was going down to mid 20s Ag and never saw it climbing again okay, but that's fear, the reality is we're in a normal, very healthy correction and panic selling is the last thing individuals should do.
My gut feeling is that there's a lot of market 'players' looking for quick movements and trying to 'play' the most heavily manipulated commodities market in the world today. If you ever get the jitters, go back to the fundamentals on why you're here in the first place. I've studied the fundamentals on Gold and Silver heavily over the last few years. I understand the rationale that lead me to the decisions to invest in the first place and appreciate those decisions despite the day to day movements. Silver and Gold will fluxuate wildly and continue to do so as long as the paper ponzi still exists. The price for the paper bulls in the event of failure on the back of a rise in metals it too great a risk to ignore. But in the end, you have to realise that the free market always wins. What we are seeing right now is a global 'extend and pretend' policy at all levels of government (Australia included) hoping that continued short term stimulus will ride through the rough periods without realistically acknowledging, appreciating and most importantly, addressing the underlying fundamentals to the markets. But in the end, they will lose. So my 'gut' feeling has always remained constant. People get a little loopy about the specifics, looking for a specific profit making 'niche' or quick turn over, but for me it's always been the same strategy. Long physical with a cost average stacking strategy.
