GOLD PRICES : BULLISH or BEARISH ??

[ghostminer]

I would like to hear comments on future gold prices per ounce over the next few years. Are you bullish or bearish? What is your prediction for the 2018 highs? I for one am bullish for several reasons. The major reason is China is now backing oil trading in their currency with gold. This is weakening the U.S. Dollar while putting a bid under gold. It will actually be bullish for most commodity prices including oil, iron ore, copper, silver, & platinum. Also, the newly passed tax reform bill has weakened the U.S. Dollar. The third reason I am bullish is the global unrest (N. Korea). The Fed has been hiking interest rates which should have killed gold prices but gold has actually climbed higher. The Fed tightened margin requirements for gold trading several years ago but it is still climbing. I believe this is the beginning of a commodity cycle that will last several years. My prediction for gold for 2018 is $1450/OZ and $1600/OZ in 2019. Your thoughts?

 

Amazon Forum Fav 👍

Agony and Death on a Gold Rush Steamer: The Disastrous Sinking of the Side-Wheeler Yankee Blade - Grab it through Amazon!

[Assembler]

You may be correct about the $1450.00 gold price for the year of 2018 after that just don't know yet.

 

[Aufisher]

How long can the stock market make these crazy gains? Look for a nice run on gold when the stocks go flat and dip.

 

[Johnnybravo300]

Everyone should be bullish on gold that live within a fiat currency that's over 20 trillion in debt and growing! Easily could be over thirty trillion when they are done with it in 4 years.
The prices go up because our dollar is worthless. Nothing changes. The voices change but their breath smells the same....full of $h1t.

If america is ever to be great again that's where to start. You have nothing without sound money.

 

[oneguy]

Ditto Johnny......!!!!

something I posted on another thread awhile back...

http://www.treasurenet.com/forums/panning-gold/184296-gold-ky-3.html#post5612764

 

[bc5391]

having traded gold in the past, gold on all charts are bullish, and on the monthly chart would be a buy above 1435, on the hourly chart I would wait for it to go back down to 1316, then buy at tomorrows open with my exit at 1320 (day trade).
for the long term nobody knows, it has support at 1305.

 

[KevinInColorado]

Just bought some for the first time in years...so it’s sure to go down now! lol [emoji23]

 

[Assembler]

Just bought some for the first time in years...so it’s sure to go down now! lol [emoji23]

Maybe not for long over the next few years.

 

[ghostminer]

No, that would only happen to me LOL.

 

[Au dave]

Pink Floyd will fix it .. whenever they release an album your market has a tendancy to take a tumble firming gold prices... nearly time for an anniversary release ..lol

 

[Garrote Gold]

Us mint multiple year lows. Public is selling back alot of bullion. Distributors are lower in your buy back prices. Used to get over spot for gold eagle but not anymore. No profit taking on this recent run, usually someone sells alot of paper and hammers the price down. Gold will eventually track inlation and account for the fiat currencies floating out there. If korean war price will shoot up......

 

[RTR]

Why buy it.A few hundred dollars in equipment some sweat equity and its yours free

 

[ghostminer]

We aren't talking about buying gold but speculating on the future price of gold.

 

[Assembler]

We aren't talking about buying gold but speculating on the future price of gold.

Yes.
This up tick in price can help one decide what to do both prospecting as well as buying depending what one is interested in doing.

 

[StreamlineGold]

Good news for us is that the supply from the major players is starting to become lean..

 

[Clay Diggins]

Just bought some for the first time in years...so it’s sure to go down now! lol [emoji23]

Thanks for the market tip!

Heavy Pans

 

[Johnnybravo300]

I just read how they want to keep pumping the stock market up and keeping the dollar weak so that should be good for gold this year. We'll see if they can keep the tiger in the cage hehe.

Silver is really what I wonder about but can't go wrong with either Imo. Good place for cold storage of cash if nothing else. And more fun to look at.

 

[bug]

My question is, what effect will crypto currencies have on physical gold. A ton of money is moving into them and its just getting started-
https://coinmarketcap.com/

 

[Johnnybravo300]

They aren't linked in price in any way. One can go up and the other can go down, they are totally separate.

 

[what]

My question is, what effect will crypto currencies have on physical gold. A ton of money is moving into them and its just getting started-
https://coinmarketcap.com/

Interesting premise. I would say that cryptocurrencies and gold have more in common than most people realize...but that there will always be more gold in the ground for people to find. No such accessibility with cryptocurrencies unless you like to stay on the bleeding edge of technology and high risk investing.