Where to for Gold next few weeks?

T

The Accountant

New Member
Seems like a powerful lot of bad data about....... surprised that au hasn't moved on further.
US jobs figures out tonight - sure to disappoint again.
When will we see $USD1600?
 
I'm surprised too really.

$1600 gold feels closer than $50 silver.

Is it just me or does everyone feel that way?
 
The mood has changed over the past couple of months on this forum - the silver bulls have quietened, while it seems gold is being slowly accumulated. Just an observation - no data to back it up.
 
I'd second that shiney - though I'll make my confession here and now.

My majority holding is in gold. Always has been and always will be, I've considered upping my silver stack until it reaches the GSR, but I'd need over 600oz for that! :lol:

I enjoy my silver for trading and playing with, but my gold's always been my favourite.

Gold to hold, Silver to barter.
 
thehuckler said:
I'm surprised too really.

$1600 gold feels closer than $50 silver.

Is it just me or does everyone feel that way?
Click to expand...

I feel the same way, $1500 AU gold looks closer than $40 AU silver :|

There is just so much bad news floating around I cannot see how Gold will not rise!

Bad news:
- Australian stocks massive crash
- Greece needs a second round of bailouts
- China inflation concerns and provincial government debts
- US debt ceiling challenged by Moody's
- US labor markets weakening
- Japanese political turmoil
- Korean exports slow, Won weakens
- Syrian's protests/riots
- Thailand is a mess right now with rice up 50%
- Vietnam high inflation
- Russia not looking too good
- UK is a mess
- Ireland is a mess
- PIIGS is pretty much screwed with high unemployment
- Belarus is screwed

Good news:
- Mexicans going strong with the peso

I wonder if there are any mexican company stocks on ASX hmmm :P
 
I believe the mere anticipation of QE3 in what ever manifestation is enough to keep au moving steadily North.
This combined with general disquiet that exists around the slow down of the Chinese miracle.
Every day that comes and goes brings more bad news and heightens the liklehood of a major panic event in the International markets.
I once believed that a full blown melt down of the International economy was impossible but I am rapidly subscribing to the view that a fiat collapse is inevitable and even imminent - perhaps within the next twelve months.
In a post collapse world gold will hold up better than silver as the visible demand will be driven by the general public and they don't understand the metrics of silver - supply, gsr etc.
When you hear the commentators talk about the irrelevance of a dollar price on metals it sums up the whole reason for PM stacking.

ARRRR......I feel an ill wind in me old bones..........:rolleyes:
 
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