Gold to average $1925/oz in 2013

No1joey said:
Finally a realistic prediction from 16 analysts, not one crack pot.

And I never knew Soros had more gold than Brazil, lol. Great article on the yellow stuff.

http://www.bloomberg.com/news/2012-...cord-prices-seen-on-stimulus-commodities.html
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When the big boys are telling you Gold is a relic and not to buy it, you should know by now they're hardcore stackers more than likely.

I commented on this before in a similar 'bear' article from one or two of these big investment pundits.

It's par for the course that those who are in the know on the reality will employ any means necessary to pull the wool over your eyes and empty your pockets.
 
Its kind of hard to not see a bright future for metals when you look at world economies. As long as money can be printed our of thin air gold will be a winner.
 
Yeah and we gotta wait and wait again until Jan 1st 2013 for the U.S fiscal cliff tax heights and spending cuts etc.... then we will see some real action....hold on tight!
 
Can anyone provide a chart or graph showing annual percentage gains versus highest gain/loss in the year?
Jim Sinclair says this range will astound over the next few years, but that the annual percentage gain will also astound.
 
No1joey said:
Please no Jim Sinclair speak in this realistic thread!
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LOL

Jim Sinclair's Commentary

The boys will try and throw another block at $2111, but again only temporary.

'We would not be surprised to see gold prices reach $2,200/oz'ScotiaMocatta
"Given the concern over EU and US debt and the ongoing quantitative easing, we remain bullish for gold," says ScotiaMocatta in its Precious Metals 2013 Forecast for gold.
Author: Dorothy Kosich
Posted: Monday , 19 Nov 2012

RENO (MINEWEB) Even though dollar gold prices are relatively strong, ScotiaMocatta, the gold bullion banking division of Scotiabank, observes that gold in a host of currencies has reached record highs this year.

"What is interesting is that this represents a mixture of developed and emerging economies, which highlights the broad-based appeal of gold as an alternative currency.'

Meanwhile, "having consolidated between September 2011 and September 2012, we feel gold prices have started another up leg that is likely lead to new highs during 2012," ScotiaMocatta said.

In their November 2012 Precious Metals Forecast, ScotiaMocatta declared "we would not be surprised to see prices reach $2,200/oz. Should prices undergo another correction in the short term then we would look for good support around $1,600/oz."

"Eventually, once the bull market has run its course and there is less need for safe-havens, then we would look for prices to retrace back towards $1,100/$1,200/oz as investment gold is liquidated and supply surges, but we certainly do not expect that to happen in the year ahead."

In their analysis, ScotiaMocatta acknowledged, "There remain a multitude of factors influencing the gold price, but one of the main reasons we are still bullish is because of the mess the Western world is in."

"Europe has a debt problem that is proving all but impossible to solve and all efforts to date have revolved around throwing more money at the problem to avoid the monetary system from breaking down," ScotiaMocatta observed. "That should be reason enough to be bullish for gold and we think the latest move higher in gold prices shows that it is."
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Maybe the MSM and sheeple will learn the advantages of pm's in 2013 once the fiscal cliff comes? Then we will see ALLLLLLL those futures and shares contracts fail on demand and witness massive supply issues for the p.m dealers??? Stack now while you still can! :mad:
 
"as investment gold is liquidated and supply surges.." - I didnt realise every dollar in the world was backed up by gold... and the quicker supply surges the faster the cost of digging deeper will and should then cancel that out.
 
It's strange some think MSM give out 'realistic advice' regarding gold now it's above $1500. Especially considering the only investments they've been touting the past decade are either paid for, or follow the status quo.

Yet most of the 'crackpots' have been saying buy gold since below $800. At that same time MSM were ignoring gold altogether, or worse.
 
TheEnd said:
Maybe the MSM and sheeple will learn the advantages of pm's in 2013 once the fiscal cliff comes? Then we will see ALLLLLLL those futures and shares contracts fail on demand and witness massive supply issues for the p.m dealers??? Stack now while you still can! :mad:
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I follow "lightworkers.org" regularly and mostly in the channelings by spiritual beings.
They are saying the old fiat currency will be replaced by Gold backed in the New Year.
 
Interesting times lying ahead regardless :) we shall see how things play out!
 
Redfawn said:
TheEnd said:
Maybe the MSM and sheeple will learn the advantages of pm's in 2013 once the fiscal cliff comes? Then we will see ALLLLLLL those futures and shares contracts fail on demand and witness massive supply issues for the p.m dealers??? Stack now while you still can! :mad:
Click to expand...

I follow "lightworkers.org" regularly and mostly in the channelings by spiritual beings.
They are saying the old fiat currency will be replaced by Gold backed in the New Year.
Click to expand...

I just had an interesting question pop into my mind.

What if the procession to a gold backed 'currency basket' international trading medium was orderly?
Would this preserve the integrity of the USD and the Euro by pegging them to a standard for international trade and still allow rampant money printing by different country's central banks, whilst other players balance the basket with fiscal responsibility until they in turn start to collapse and the positions are reversed.
 
I would like to see these words used permanently in all these articles.
1.Allegedly
2.Heresay
3.Fairytale

REDBACK
 
Well, if gold's going to crack the roof, then I'll be on the lookout... but there should be some downward correction right now.
 
I wouldbt be suprised George Soros who sold last year around 1600 when it was in a so called "ultimate bubble" as increased his firms gold holdings recently at around 1700.
How do people that dumb get that rich he would have made 7 percent at least just hanging on to it or if he was really smart waites for at least 1800s last year.
 
REDBACK said:
I would like to see these words used permanently in all these articles.
1.Allegedly
2.Heresay
3.Fairytale

REDBACK
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I know where your coming from Redback.

Pretty much any thing to do with the future is speculation.

If any off us were content with fiat currency and the unsustainable financial system appears to be headed wouldn't be on SS.

Sometimes the writing is on walls that not all see.... :)
 
Sargeant Argent said:
I wouldbt be suprised George Soros who sold last year around 1600 when it was in a so called "ultimate bubble" as increased his firms gold holdings recently at around 1700.
How do people that dumb get that rich he would have made 7 percent at least just hanging on to it or if he was really smart waites for at least 1800s last year.
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I think he's really smart and we'll never quite know just how smart. 1600-1700 assumes that that matters to him.
 
If you can manipulate a market or get good inside information, sell at 1600, buy something else, hold, rent, lease, etc then sell at 3200 and buy back in to gold at 1700 for instance. He would have known gold would be in the doldrums for a year. Now he's back for the next spurt.
 
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