Faber: Gold may fall to $1300 before rebound

[Gold Kiwi]

http://investmentwatchblog.com/faber-gold-may-fall-to-1300-before-rebound/

Personally, I don't know where the turtle the price will go. Not happy that gold in NZ$ is almost back down to what it was when I started stacking in 2009, but what can you do?

 

[VRS]

http://investmentwatchblog.com/faber-gold-may-fall-to-1300-before-rebound/

Personally, I don't know where the turtle the price will go. Not happy that gold in NZ$ is almost back down to what it was when I started stacking in 2009, but what can you do?

Move.

 

[thatguy]

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

 

[worldbubble]

http://investmentwatchblog.com/faber-gold-may-fall-to-1300-before-rebound/

Personally, I don't know where the turtle the price will go. Not happy that gold in NZ$ is almost back down to what it was when I started stacking in 2009, but what can you do?

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

 

[menotcrimex]

http://investmentwatchblog.com/faber-gold-may-fall-to-1300-before-rebound/

Personally, I don't know where the turtle the price will go. Not happy that gold in NZ$ is almost back down to what it was when I started stacking in 2009, but what can you do?

No need to move from Gods country lol

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

 

[thatguy]

Fall you say!

 

[Riyder]

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

 

[TreasureHunter]

I don't think this is a rebound...

 

[The Road Home]

I don't think this is a rebound...

I agree.

 

[leo25]

I don't think this is a rebound...

I agree.

I disagree

 

[menotcrimex]

$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.

 

[House]

I don't think this is a rebound...

I agree.

I disagree

I acquiesce

 

[The Road Home]

I agree.

I disagree

I acquiesce

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.

 

[leo25]

I disagree

I acquiesce

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.

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.

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

 

[JulieW]

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

 

[JulieW]

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.

 

[Caput Lupinum]

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.

 

[The Road Home]

I acquiesce

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.

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.

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

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.

 

[menotcrimex]

$1367 been following me all day (-;

 

[Caput Lupinum]

not really