Where Will Gold Go in Late 2012?

[TreasureHunter]

There are endless predictions and some say it will reach 1,900 $, others said 2,200 $ before the end of the year.

I doubt it will go higher than 1,800 - 1,850 $ (this is just a guess without technical analysis).

Now, I think that after QE3 and the elections there's not much to stimulate it upwards... I think the only big boost could be given by a potential QE3 extension (Bernanke is preparing an extension rather than QE4).

What do you think?

I think it's possible for it to go way below 1,700 $, it's time for correction. The second hump is smaller and it keeps falling back. I think it's a similar scenario to what we've seen in 2011. One big hump, one smaller after and then crash.

 

[Aengrod]

How can you extent something that is already infinite? <- I mean QE3, how much further CAN YOU GO?!
Madness

 

[metalzzz]

^^^. Beat me to it. Infinity is more than enough to inflate real assets and if the bernank can figure out a way to make infinity longer, I tip my hat to him

 

[willrocks]

 

[No1joey]

If you look at the history of gold you can see where it took a brief dive after Nixon removed the gold standard and gave central banks the green light to print as much as they want to.

Then Gold started to track upwards showing what a real asset it was until the worlds capitalists hedgers etc made more money than the system was worth, the world was ramping up to the peak of economic health in terms of returns on investments, growth prosperous its easy to make money etc the systems works well, you can see gold decline over those years.

Then 2001 people start seeing cracks in the system and gold starts creeping up again for the first time within the scenario its in (the new Nixon created economic system now in full swing for decades).

So last 12 years gold shows its true value imo too much damage has been done to the system for the price of gold to retreat back drastically, it will only increase as Bernanke and alike struggle to keep the sytem alive, i.e bond buying, QE, printing, etc... then throw in a trillion dollar student debt bubble about to be the next bomb to hit the US and the world, and climate change and everything else = so much work ahead just to keep the system from crashing completely (and if that happends cash will be worthless).

So its a win win for my gold imo. The only possible scenario is that after 5 or 10 years if, and a big if the world has managed to regain control gold might retreat back a few years in terms of price but that will be a lot higher than what it is now, then take into account the fact that gold will cost more and more to find as supply dwindles pretty much cancels that out also so yeah again for its win win with gold.

 

[spannermonkey]

 

[TreasureHunter]

Yes, yes, but they still haven't decided upon "QE infinity"... it's still QE3. They are only speculating about "infinite money printing".

If that starts, indeed... it will go up. But there is still only QE3... yet.

So, if they don't hit the red button, then we'll still only have the QE3. Gold could decline a bit.