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Thread: Gold $1800?

  1. #1

    Gold $1800?

    Time for a new gold thread

    Goldman Sees Gold Hitting $1,800 as ‘Haven of Last Resort’

    Goldman Sachs Group Inc. boosted its gold forecast to $1,800 an ounce as the coronavirus, depressed real rates, and increased focus on the U.S. election continue to drive demand for the metal as a haven.

    The bank raised its 12-month projection by $200, and said “in the event that the virus effect spreads to Q2, we could see gold top $1,800/oz already on a 3-month basis.” Spot gold, which is up more than 8% this year, traded at $1,651.70 an ounce on Thursday.

    Gold is trading near a seven-year high, supported by an increasing number of coronavirus cases worldwide that threaten to curtail global economic activity. The metal has outperformed traditional haven currencies including the Japanese yen and Swiss franc as “the haven of last resort,” Goldman analyst Mikhail Sprogis said in a note Wednesday.

    The bank expects prices to climb to $1,700 an ounce in three months, and to $1,750 in six months. It previously forecast $1,600 for both time frames. Goldman also raised its silver forecast.
    https://www.bloomberg.com/news/artic...t-resort-haven



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  3. #2
    12 month projection, huh? Gold could hit $1,800 in the next 3 months if this coronavirus epidemic gets worse.
    I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:

    Tin Foil Hats, Economic Reality and the Total Perspective Vortex

    Also, have you contacted your Congressional Rep and asked them co-sponsor Ron Paul's Rep. Paul Broun Jr.'s HR 1098 77: Free Competition in Currencies Act?

  4. #3
    Yeah, their last 12 month prediction was $1600 @Bern. So they have updated it. I think they're a bit too conservative but people listen to Goldman Sachs because they're a big name.

    Personally i think the next leg up will be to $1900-2k, the ALL TIME highs from 2012.

    Exciting times.

  5. #4

  6. #5
    DOW in freefall, down nearly 1,000 again

  7. #6
    1660, 1700 coming . then 1800

  8. #7
    Quote Originally Posted by oyarde View Post
    1660, 1700 coming . then 1800
    What about 2k?

  9. #8
    Quote Originally Posted by Warlord View Post
    What about 2k?
    i expect to see 1700 soon , 1800 might bring resistance . i do not know about 2k short term , long term probably.



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  11. #9
    Quote Originally Posted by oyarde View Post
    i expect to see 1700 soon , 1800 might bring resistance . i do not know about 2k short term , long term probably.
    I agree with you. I'm just surprised how quickly its happening. Usually the gold market moves slowly but this week has been crazy.

    If Bernie wins then it might go higher and higherr.

  12. #10
    Quote Originally Posted by Warlord View Post
    I agree with you. I'm just surprised how quickly its happening. Usually the gold market moves slowly but this week has been crazy.

    If Bernie wins then it might go higher and higherr.
    if bernie comes out of super tue with a big lead , the coronavirus keeps hitting the dow we could be 1900 faster than we imagine.

  13. #11
    DOW has mysteriously recovered. Now only -500

    I wonder if the PPT (Plunge Protection Team) has been activated.

  14. #12
    Buy of a lifetime in the stock market today. Everything on sale

    Cruise ships RCL, NCLH

    Casino stocks with limited ties to China- PENN

    Guess Jeans tanked because they do a lot of business in Italy GES

    Maybe this time is different like the 1987. But I am buying aggressively.

  15. #13
    Quote Originally Posted by Warlord View Post
    DOW has mysteriously recovered. Now only -500

    I wonder if the PPT (Plunge Protection Team) has been activated.

    LOL. Or it could just be, you know, the market is down 10% in a short period of time. And rational people step into buy. And selling exhausts. (Doesn't mean market can't go lower buy these are the days where all of the opportunity in investing lies.)


    Today is a day to take out the canes imo. http://www.dailyspeculations.com/Letter/cane.htm
    Last edited by Krugminator2; 02-27-2020 at 10:38 AM.

  16. #14
    Guess jeans and cruise ships ? lol , ya , no i'll pass

  17. #15
    Quote Originally Posted by Bern View Post
    12 month projection, huh? Gold could hit $1,800 in the next 3 months if this coronavirus epidemic gets worse.
    Quote Originally Posted by Warlord
    Yeah, their last 12 month prediction was $1600 @Bern. So they have updated it. I think they're a bit too conservative but people listen to Goldman Sachs because they're a big name.
    They'll continue to do this as it rises, albeit in a very volatile fashion. Goldman won't come out and say gold $5000 by end of year otherwise everyone would pile in at once. This way, they always get to claim that they were ahead of the curve and being good "advisors", even though they probably know where metals are really heading. It's a karma thing.


    Quote Originally Posted by Krugminator2 View Post
    Buy of a lifetime in the stock market today. Everything on sale

    Cruise ships RCL, NCLH

    Casino stocks with limited ties to China- PENN

    Guess Jeans tanked because they do a lot of business in Italy GES

    Maybe this time is different like the 1987. But I am buying aggressively.
    Good luck with that. I sincerely hope it works out for you but I don't think it will. Or at least not in the short to medium term. If people stop going out unnecessarily and air travel becomes further restricted (and it likely will) no one will be getting on ships, going to casinos, spending on overpriced jeans, etc. ymmv
    Last edited by devil21; 02-27-2020 at 11:06 AM.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    But now you can't talk to people because of "social distancing"....brought to you by shills and politicians.

  18. #16
    Stocks are way overvalued though Schiff contends that the miners are a good buying opportunity. I'm not ready to take that trade yet because the stock market is in bearish mode and the miners will be dragged down with it. Timing is everything...

    I wonder how @Brian4Liberty is getting on. I suspect he is beating the wider market. He will just need to hold his nerve.

    My advice would be to buy physical gold and enjoy the ride. That's what i'm doing anyway...



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  20. #17
    Quote Originally Posted by Warlord View Post
    Stocks are way overvalued though Schiff contends that the miners are a good buying opportunity. I'm not ready to take that trade yet because the stock market is in bearish mode and the miners will be dragged down with it. Timing is everything...

    I wonder how @Brian4Liberty is getting on. I suspect he is beating the wider market. He will just need to hold his nerve.

    My advice would be to buy physical gold and enjoy the ride. That's what i'm doing anyway...
    Today the wider market hit what I had anticipated months ago as being a potential bottom. So I bought some of the wider market today. It may not be the bottom, but there will be a bottom at some point. Catching a falling knife.

    But...I did not anticipate the pandemic when I set that price, so that will probably cause a lower bottom.
    Last edited by Brian4Liberty; 02-27-2020 at 01:35 PM.
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
    They are what they hate. - B4L


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  21. #18
    Quote Originally Posted by Brian4Liberty View Post
    Today the wider market hit what I had anticipated months ago as being a potential bottom. So I bought some of the wider market today. It may not be the bottom, but there will be a bottom at some point. Catching a falling knife.
    Be careful!: )

    I like mutual funds myself or ETF's. Emerging markets. Lots of upside potential.

    I've had some success before with them but right now i'm sticking to gold and cash.

  22. #19
    Dow down 1200 points!

    Gold also down a small bit.

    Every asset class being hammered right now. Confident gold will rebound.

  23. #20
    Otis Elevator sez going UP, +$1800,
    Last edited by RonZeplin; 02-27-2020 at 04:51 PM.
    Quote Originally Posted by Swordsmyth View Post
    You only show up to attack Trump when he is wrong
    Make America the Land of the Free & the Home of the Brave again

  24. #21

  25. #22
    Quote Originally Posted by mrsat_98 View Post
    Going down 1584.15
    BUY !!!
    Quote Originally Posted by Swordsmyth View Post
    You only show up to attack Trump when he is wrong
    Make America the Land of the Free & the Home of the Brave again

  26. #23
    Quote Originally Posted by mrsat_98 View Post
    Going down 1584.15
    Down market means some people have to cover margin calls and sell other assets (like gold).
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
    They are what they hate. - B4L


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  27. #24
    Quote Originally Posted by Warlord View Post
    Be careful!: )

    I like mutual funds myself or ETF's. Emerging markets. Lots of upside potential.

    I've had some success before with them but right now i'm sticking to gold and cash.
    Yeah, I use some ETFs as well as individual stocks.

    Always hard to find the bottom, but dollar cost averaging over some period of time can help mitigate buying too early.
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
    They are what they hate. - B4L


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.



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