Home › Forums › Financial Markets/Economics › Where are gold prices headed?
- This topic has 56 replies, 16 voices, and was last updated 17 years, 8 months ago by
denis4x4.
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May 22, 2007 at 2:20 AM #9139May 22, 2007 at 5:22 AM #54246
4plexowner
Participanthigher
May 22, 2007 at 5:22 AM #542574plexowner
Participanthigher
May 22, 2007 at 6:20 AM #54262forsale_2007
Participanthigher, but will probably underperform other assets. It’s too late imho. Just like it’s too late to buy energy and international equities.
May 22, 2007 at 6:20 AM #54250forsale_2007
Participanthigher, but will probably underperform other assets. It’s too late imho. Just like it’s too late to buy energy and international equities.
May 22, 2007 at 8:18 AM #54263Chris Scoreboard Johnston
ParticipantChris Johnston
Flat to down would be my guess, but my time horizons for trading are shorter than what you designated. We have basically gone sideways for several months now. Be sure about your inflation call, because many long term gold holders were killed from the early eighties going forward, when we got into a low inflationary environment.
May 22, 2007 at 8:18 AM #54275Chris Scoreboard Johnston
ParticipantChris Johnston
Flat to down would be my guess, but my time horizons for trading are shorter than what you designated. We have basically gone sideways for several months now. Be sure about your inflation call, because many long term gold holders were killed from the early eighties going forward, when we got into a low inflationary environment.
May 22, 2007 at 8:50 AM #54273Anonymous
GuestI think that gold will go lower in the short-term: in the impending stock market correction (my guess is that it could happen after Q2 GDP growth is reported at zero/negative in late July), along with stocks and bonds bought on margin, gold will go down. Look at what happened to gold in late February when the Chinese stock market went down 9% and the U.S. stock market went down 4%.
After the newbie speculators have gotten out of gold, driving its price down, get in big time. That’s what I’ll be doing.
May 22, 2007 at 8:50 AM #54285Anonymous
GuestI think that gold will go lower in the short-term: in the impending stock market correction (my guess is that it could happen after Q2 GDP growth is reported at zero/negative in late July), along with stocks and bonds bought on margin, gold will go down. Look at what happened to gold in late February when the Chinese stock market went down 9% and the U.S. stock market went down 4%.
After the newbie speculators have gotten out of gold, driving its price down, get in big time. That’s what I’ll be doing.
May 22, 2007 at 12:19 PM #54338NeetaT
ParticipantPutting 10% into gold is a good idea. Just do it and don’t worry about it. Check the price every year after you plunge into the market, but don’t dwell on the everyday fluctuations.
May 22, 2007 at 12:19 PM #54349NeetaT
ParticipantPutting 10% into gold is a good idea. Just do it and don’t worry about it. Check the price every year after you plunge into the market, but don’t dwell on the everyday fluctuations.
May 22, 2007 at 12:23 PM #54340noone
ParticipantI’m old enough to remember the early ’80s, when the grownups were all buying Kugerrands, and gold was going past $400 an ounce (possibly even $600?). Guess what? It went down from there and it has taken 20-25 years to get back. And since that was 1980 dollars vs. 2005 dollars, if you had bought gold then you’re still down.
May 22, 2007 at 12:23 PM #54351noone
ParticipantI’m old enough to remember the early ’80s, when the grownups were all buying Kugerrands, and gold was going past $400 an ounce (possibly even $600?). Guess what? It went down from there and it has taken 20-25 years to get back. And since that was 1980 dollars vs. 2005 dollars, if you had bought gold then you’re still down.
May 22, 2007 at 12:32 PM #54353noone
ParticipantI’m just sayin’
May 22, 2007 at 12:32 PM #54342noone
ParticipantI’m just sayin’
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