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Gold on its way down....

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  1. #1
    TheDude80 started this thread.
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    Gold on its way down....

    With the dollar regaining strength, the DOW and Nasdaq at record highs, and the economy starting to rebound, it looks like the 12 year gold run has come to an end. I'm no market expert, obviously, but from what I've studied and read all signs point to gold possibly going down to 1100 or below. You have to roll with the punches in any market, my primary focus is e-waste, so it stings a little but I'm by no means going to run for the hills. Although I am sitting on around 400-500 pounds right now. Waiting to hear back from ewasted warehouse to see when I can get an appointment next week to unload. My guess is prices will be down by then, but I'll still make a healthy profit. I know there was a thread previously regarding the drop in gold prices and people seemed to think it would rebound. I honestly don't see it happening unless some traumatic event happens again, to shake the market, but by no means am I hoping or wanting such an event to happen (just so we're clear). Anyways just wanting to see what everyone else is thinking or has read recently....By the way I know nobody can predict the future and what's going to happen but there are always positive/negative indicators when dealing with ANY market.....



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    One economist I was listening to a couple days ago predicted $4-500 as a bottom.
    People may laugh at me, but that's ok. I laugh all the way to the bank.

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    Said it before & I'll say it again: Anyone that tells you future price moves any publicly traded equity, commodity, or instrument is full of ... let's tone it back to "hot air". For every "bottom in the 4-500 range" there's a "soon to break 2500" pundit. Maybe one's right, maybe the other's right, heck, maybe they're both right... but neither one is anything but an opinion.

    Soros lightening his gold load does concern me, however that is priced in now. If Peter Schiff (sp?) ever jumped out of the gold bandwagon, I'd know we'd hit bottom!!
    Out of clutter, find simplicity. --Albert Einstein

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    Anybody else laugh when they see ridiculous claims like that on marketwatch.com. Auminer is 100% right!



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