Author Topic: GOLD PRICES  (Read 797 times)

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Offline comeaux

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GOLD PRICES
« on: July 27, 2020, 02:01:33 PM »
Wooohoooo To the moon !!! Getting ready to make that big dump  :thumbup:

Gold at $1,933.70 on July 27, 2020

Offline comeaux

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Re: GOLD PRICES
« Reply #1 on: July 27, 2020, 02:12:11 PM »
Let's go $2,500 !!!  :001_tt1:

Offline snowball

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Re: GOLD PRICES
« Reply #2 on: July 27, 2020, 04:40:16 PM »
Gold at all time high, silver $24+, bitcoin 10k+, housing market booming again,  get ready for inflation.    :001_smile:
Happy Collecting!  快乐收藏!

Colin
CE Collection Inc.
China Mint | Online Store

Offline comeaux

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Re: GOLD PRICES
« Reply #3 on: July 27, 2020, 09:09:56 PM »
Gold at all time high, silver $24+, bitcoin 10k+, housing market booming again,  get ready for inflation.    :001_smile:

Yes sir snowball ... gold is going parabolic !!!  N66

Weak dollar, zero interest rates ... the perfect storm!

Just remember y’all, what goes up MUST and WILL come down.

Cows get fed, pigs get slaughtered ... pick the right exit point and buy back in a few months later WAY cheaper

Let’s go $2,500   :thumbup:

Offline comeaux

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Re: GOLD PRICES
« Reply #4 on: July 29, 2020, 10:32:35 PM »
Not sure if anyone noticed but gold futures contracts for December 2020 where trading at $1,998 earlier today before the close at 1600 hours.

Obviously this contract is farther out but still a bullish indicator.  :thumbup:

Offline comeaux

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Re: GOLD PRICES
« Reply #5 on: August 04, 2020, 01:55:02 PM »
Wooohooo ... let's go !!!  :thumbup:


Offline comeaux

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Re: GOLD PRICES
« Reply #6 on: August 04, 2020, 02:18:13 PM »
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Offline dynamike51

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Re: GOLD PRICES
« Reply #7 on: August 04, 2020, 07:31:07 PM »
Comeaux,

You must be partying everyday lately.  :001_wub: :thumbup:

Offline comeaux

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Re: GOLD PRICES
« Reply #8 on: August 04, 2020, 11:30:23 PM »
Comeaux,

You must be partying everyday lately.  :001_wub: :thumbup:
haha Mike ! Yes I am along with all of us on this forum if gold continues this bull run !  :thumbup:

Offline comeaux

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Re: GOLD PRICES
« Reply #9 on: August 05, 2020, 10:34:53 AM »
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Offline GuyMc

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Re: GOLD PRICES
« Reply #10 on: August 05, 2020, 12:20:43 PM »
Keep it coming!

Offline comeaux

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Re: GOLD PRICES
« Reply #11 on: August 05, 2020, 11:34:11 PM »
Gold At $3K? $50 Silver? BofA Raises Metal Price Targets

8/5/20, 14:48
August 5, 2020 03:48 PM ET (BZ Newswire) -- Analyst Color

Gold prices once again hit new all-time highs Wednesday after breaking the $2,000-per-ounce level for the first time ever this week. Fortunately for precious metal investors, BofA (Bank of America) Securities said global economic conditions suggest even more upside ahead.

Gold traded at $2,057/ounce on Wednesday, with silver prices at $27.03/ounce and copper prices at $2.92/pound.

Traders have been flocking to gold in 2020 as a safety investment during a period of economic uncertainty. Gold is also an inflation hedge after the Federal Reserve issued trillions of dollars of stimulus earlier this year. The Fed is expected to commit to near-zero interest rates until inflation hits its 2% target.

More Upside Ahead: BofA Securities analyst Michael Jalonen said he’s bullish on gold, and BofA raised its average 2021 real gold price forecast from $2,012 to $2,159.

The firm also raised its 2021 real silver average price forecast from $21.95 to $30.49 and its 2021 real copper average price forecast from $2.77 to $3.10.

“Continued fiscal spending as governments are mending the damage from COVID-19, backstopped by central banks means that interest rates will remain low, at the same time as the economy reflates,” Jalonen said in a note.

Investors can expect gold prices to peak at $3,000 within the next 18 months, the analyst said. At the same time, he said copper prices could rally as high as $50/ounce in the medium-term.

In addition to the commodity price target adjustments, BofA also upgraded Kinross Gold Corporation(NYSE:KGC) from Neutral to Buy and raised the price target from $8.90 to $11.25.

The firm upgraded silver producer Hecla Mining Company (NYSE:HL) from Underperform to Neutral and raised the price target from $2.40 to $6.25.

Benzinga’s Take: The most pure-play trade on precious metals outside of owning the physical metals is to invest in funds such as the SPDR Gold Trust(NYSE:GLD), the iShares Silver Trust (NYSE:SLV) and the US COMMODITY IX/COM UT REPSTG U S C(NYSE:CPER).


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Online KeyDate1/2ozPandas

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Re: GOLD PRICES
« Reply #12 on: August 05, 2020, 11:40:21 PM »
While I like the upward trend, the pace is a little too fast, I would prefer slow and steady bull market so I can buy every pullback and sell every spike.  At the end of this bull market we will see a day that gold spikes up $200-$300 in the morning followed by crash of $400-$500 in the afternoon (called outside reversal), that will be end of this cycle.  I think it will occur around $5000-$6000 in 2023-2024.  Of course when gold does hit its peak the US economy will probably be in bad shape so it won't be a time to celebrate.  Look at it now, gold is making new highs during a pandemic. 

I am also very bullish on silver and platinum bullion, choosing eagles for that play rather than china because bid/ask spread are very tight and liquidity is very high.  It is very hard to sell 600 count monster box of pandas for melt plus $4, but easy to sell 10 500 count monster boxes of eagles at melt plus $6.  Also platinum pandas from 1987-1989 are around $500-$800 over melt while US eagles are just $175 over melt, when platinum spikes the premium on pandas will shrink to $100-$200 (see what happened to china palladium coins, spread is 5% for 2004-2005 PF70, down from 140% when palladium was $600), while eagles will stay constant or shrink very little.   

Offline comeaux

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Re: GOLD PRICES
« Reply #13 on: August 06, 2020, 10:55:03 AM »
I thought this was a funny quote from one the analyst ...

“Gold bugs are the cicadas of the investment ecosystem, they hibernate for years and emerge in a frenzy in reaction to some fear that ultimately subsides and then they go away until the next maelstrom sparks their re-emergence”  :lol:

Online Mirkkanen

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Re: GOLD PRICES
« Reply #14 on: August 06, 2020, 12:07:38 PM »
Yee-Haw!
-this new Texas resident