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Re: Gold Prediction for End of 2010?

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Posted by Roger W. Morris on March 09, 2010 at 12:52:29:

In Reply to: Re: Gold Prediction for End of 2010? posted by JeffK on December 05, 2009 at 12:06:37:

: Maybe not quite that high but $1350-1400 possibly.

: But IMO we're already dipping into "irrational exuberance". Remember when gold was $800 an ounce and was supposed to go up forever? - - - - I'm talking about the mid-1970s, not last year! It crashed into the three-hundreds and stayed for ages. Anyone who bought at even $500/oz back then is still waiting for a COLA-adjusted spot price of $2K.

: : I think it will be at about $1500. What do you think?
I say it will go up to 1700 with in one year so buy now including silver will go up to 40 to 60 an ounce within one year and copper will increase higher as well

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: : Maybe not quite that high but $1350-1400 possibly.

: : But IMO we're already dipping into "irrational exuberance".  Remember when gold was $800 an ounce and was supposed to go up forever?  - - - - I'm talking about the mid-1970s, not last year!  It crashed into the three-hundreds and stayed for ages. Anyone who bought at even $500/oz back then is still waiting for a COLA-adjusted spot price of $2K.

: : : I think it will be at about $1500.  What do you think?
:  I say it will go up to 1700 with in one year so buy now including silver will go up to 40 to 60 an ounce within one year and copper will increase higher as well



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