Gold and Silver Predictions for 2014

Deborah K said:
Explain this then: http://www.zerohedge.com/news/2014-06-03/gold-price-manipulation-was-routine-ft-reports
Click to expand...

It is a simple conflict-of-interest scandal at a company called Barclays.

My point is simple. It is this:

The gold market is too big to manipulate. Long-term, and even medium-term (week/month), and usually even short-term (intra-day), the global price of gold will always be the correct market price.

This scandal was, in fact, no exception. Barclays is part of the market. So they were placing a bunch of sell orders in tactically-timed bursts. So what? Nothing wrong with that. People should be free to but and sell whatever they want whenever they want. And did this practice "manipulate" the market in any effective way? No. What would the gold price be today had they not been doing these antics? The same as it is today! It didn't change the price.

The only reason that this was a problem was because they were engaged in conflicts of interest, for example: carrying options contracts for particular gold prices and trying to change the price just barely enough for just long enough so that they wouldn't have to pay out. That is a violation of the options contract, and besides is just bad form.

But it didn't change the gold price for any significant period of time nor to any significant degree. The dollar amounts involved were far too small.
 
Zippyjuan said:
I made a general but not specific prediction that it could possibly go down as far as $1000 this year. So far, the direction is in my favor. As of right now it is below $1250 ($1243 to be specific). Others laughed and said "No way- it is going even higher this year!".

Actually gold is pretty close to where it started the year- it did peak at almost $1400 in March.
Click to expand...

Probably down about $40 from 4/02 , or up about $55 from New Years .None of that seems too significant to me .Probably within about a percent ....
 
Last edited:
Guess I may as well go fill up the truck , Crude up 1 1/2 percent , over $104 this morning , that will push gas over $4 I imagine .Gold pretty steady , around $1254. Demand in China and India could pick up later this yr.
 
Allow me to make a prediction:

Come December, if gold has gone way up, our friend Mr. Zippyjuan will not come back, admit he was completely wrong, and rethink his thinking, nor change his mind about absolutely anything. Nope. It will just be "Well, this is a temporary anomaly in the market. I will be proven right eventually; it's just a matter of time.

Likewise, if gold has gone way down, Madison320 and oyarde will not admit that they were wrong, nor change a single thing in their thinking. The crash is coming, just a matter of time.

These beliefs are immune to reality.
 
helmuth_hubener said:
Allow me to make a prediction:

Come December, if gold has gone way up, our friend Mr. Zippyjuan will not come back, admit he was completely wrong, and rethink his thinking, nor change his mind about absolutely anything. Nope. It will just be "Well, this is a temporary anomaly in the market. I will be proven right eventually; it's just a matter of time.

Likewise, if gold has gone way down, Madison320 and oyarde will not admit that they were wrong, nor change a single thing in their thinking. The crash is coming, just a matter of time.

These beliefs are immune to reality.
Click to expand...
Zip is not going anywhere . I figure gold could be $1280 tomorrow night and silver $20 , gold could be $1400 or $1500 by the end of the yr , I have no idea , I will guess it to be closer to $1400 than $1000 though.LOL
 
helmuth_hubener said:
Allow me to make a prediction:

Come December, if gold has gone way up, our friend Mr. Zippyjuan will not come back, admit he was completely wrong, and rethink his thinking, nor change his mind about absolutely anything. Nope. It will just be "Well, this is a temporary anomaly in the market. I will be proven right eventually; it's just a matter of time.

Likewise, if gold has gone way down, Madison320 and oyarde will not admit that they were wrong, nor change a single thing in their thinking. The crash is coming, just a matter of time.

These beliefs are immune to reality.
Click to expand...
I work in reality and make money from it . I am just a coin collector , I buy and sell coins , on the side. Even if I am wrong , I still make money. What I sell does not go down .
 
A junior miner that I had my eye on picking up this morning is already up over 15 percent...
 
Did a lot of people click on the Amagimetals link this morning? Seems they are doing maintenance, or are overloaded.
 
They have a one ounce gold maple leaf listed at about spot ...... silver eagles about the same as my local guy .
 
You must log in or register to reply here.

Similar threads

M
Oklahoma and Arkansas Passes Bill to Expand Gold and Silver Legal Tender Act
Replies
7
Views
57
acptulsa
acptulsa
Brian4Liberty
Is BRICS Coming for the U.S. Dollar? A Financial Breakdown with Phillip Patrick of Birch Gold
Replies
0
Views
38
Brian4Liberty
Brian4Liberty
PAF
More Thoughts on the BRICS and Gold versus the US and the Dollar
Replies
0
Views
173
PAF
PAF
Brian4Liberty
Gold Hits Record Highs! Expert Insights with Phillip Patrick
Replies
0
Views
2K
Brian4Liberty
Brian4Liberty
pmbug
Sound Money Legislation Landslide
Replies
6
Views
167
Madison320
M
Back
Top