Gold and Silver Predictions for 2014

[DFF]

Y'know, I just realized today is options expiration for gold and silver futures. That's why the price is being beaten down. The banks are trying to push people who have call options out of the money. Watch, tomorrow the price will probably start to rise again.

 

[Zippyjuan]

Zip is an economist , surely if he was a bank VP or something he would have offered me a loan of 4 million or so @ less than 2 1/2 % ?? I would be hurt if he did not.

Not an economist but I do have a degree in it with some grad school work. I tried unsuccessfully to get into banking but timing was bad- I graduated during the S&L crisis which saw way more banks fail than the recent recession. Lots of bankers looking for work then.

 

[Zippyjuan]

Y'know, I just realized today is options expiration for gold and silver futures. That's why the price is being beaten down. The banks are trying to push people who have call options out of the money. Watch, tomorrow the price will probably start to rise again.

I believe that is actually Friday. This chart says Feb 28th for gold and silver. http://www.barchart.com/futures/expirations.php?view=options

http://online.wsj.com/article/BT-CO-20140225-702064.html

Spot Gold Down a Tad as Rally Attracts Selling

LONDON--Gold prices were down slightly on the European spot market Tuesday, cooling after the previous session's rally.

Spot gold was down 0.1% at $1,335.37 a troy ounce in morning European trade, having hit its highest price in almost four months Monday.

Gold's rally stalled Tuesday, however, as investors cashed in on the metal's gains.

Gold's failure to break above technical resistance at $1,340 an ounce Monday also likely prompted some investors to place stop-loss orders -- commands to automatically sell at a certain level -- at $1,328 ounce, said ANZ. As such, a move below this level could trigger a knee-jerk move towards $1,320, the bank said.

Still, gold prices should remain relatively well supported in the days ahead as wider economic and political concerns continue to attract investor interest, said analysts.

At this moment, it is $1326.

 

[oyarde]

I believe that is actually Friday. This chart says Feb 28th for gold and silver. http://www.barchart.com/futures/expirations.php?view=options

http://online.wsj.com/article/BT-CO-20140225-702064.html

At this moment, it is $1326.

Yep , $1327 right now .

 

[oyarde]

$1332

 

[helmuth_hubener]

So, although the price of both gold and housing goes up and down, and there is an element of speculation in both, as between the two, only the housing market lives or dies directly on monetary policy.

I disagree. Gold is very directly and strongly linked to monetary policy in some very important ways. Gold is a monetary commodity and so its value reacts to and is determined by monetary happenings.

 

[helmuth_hubener]

It's naked short selling that manipulates the price down.

There is no manipulation. The gold market is too large to effectively manipulate. This is just a ridiculous conspiracy theory trotted out by people who don't happen to like what the price of gold is doing at the time.

 

[oyarde]

There is no manipulation. The gold market is too large to effectively manipulate. This is just a ridiculous conspiracy theory trotted out by people who don't happen to like what the price of gold is doing at the time.

I dunno , but as far as I am concerned , gold market should only be physical gold . Then I know there would be no manipulation .

 

[helmuth_hubener]

Is the pawn shop/Craigslist the best place to buy?

No, no, no, no, no, no, NO.

Just no. Especially on the Craigslist part. Same emphatic "No" for ebay. My "No" on pawn shops is less emphatic, but I would still recommend against it -- you will almost certainly be ripped off, or at least not get a good deal.

Sorry, if I'm derailing, but where's the best place online to buy gold coins anyways, fellars?

Colorado Gold
GoldMart
Gainesville Coins
APJM

If you stick with one of those, you should be happy.

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[oyarde]

$1353

 

[oyarde]

Holding @ $1350 , that was kind of a key number to me for some reason , I expected sell offs every time it went $1300 or $1325, you have to figure a lot got bought at $1200 .Easy profit taking.

 

[oyarde]

So , after the $1350 sell offs , who knows .

 

[oyarde]

I figured today all of the sell offs would be done and it would go back to $1350.Looks like $1347.10.

 

[oyarde]

$1350.

 

[Peter4Paul2016]

Looks like Gold is holding steady @ $1340-1350...

 

[oyarde]

Looks like Gold is holding steady @ $1340-1350...

I would guess the new bottom ( for now ) to be $1330 , about $1345 and on the rise now , stays this way , the bottom will get to be $1350 I imagine . The amount of wealth for the wealthy is back to an all time high , but it is all in the stock market and real estate, not easily protected . So , I can only guess people will take some steps to protect some of it .....

 

[Smaulgld]

With tensions in Ukraine you would think gold would have taken off...

 

[Zippyjuan]

Maybe that means that when tensions ease, gold will resume its price decline.

 

[DFF]

Maybe that means that when tensions ease, gold will resume its price decline.

Tensions aren't going to ease. And it's not just Ukraine driving Gold. There's Venezuela, Argentina, Thailand, and QE to infinity here at home.

 

[Zippyjuan]

Interesting thought. The world is in a crisis so gold should go up in price. In that case, it should only and always go up since there is always some crisis going on someplace (usually several at once). I wonder how it managed to go down half of the time since we finally closed out the gold standard (1972- in half of the years since then, gold has declined in price)?