gunDriller
10th April 2010, 01:46 PM
http://www.kitco.com/images/live/gold.gif
I think it will have some moments at $1150 ish but it will end the week about $1180.
I think this overall uptrend will continue for about the next 2 years.
2% a week for 52 weeks is more than a doubling.
2 doublings over 2 years = gold at $4600.
I think the real measure-able inflation in the US the next few years will be 10% to 50 % per year.
But Gold and silver will rise more as part of their reaction to the recent whistleblowing.
The most effective way for JPMorgan & HSBC & all those brokers who sold all those paper gold certificates to deal with the situation is to buy a bunch of gold, and make sure that those nervous investors who come by demanding gold are given some gold, re-assured, etc.
as far as silver - I think it will be more volatile. If the stock markets have a down week, silver will re-visit $18 at times. Otherwise, if the stock markets basically continue their flirtation with 11,000 & break 11,000, silver will move up another 3%, homing in on $19.
unless of course the big Comex short squeeze happens, in which case we will have 6% days and 8% days (UP days).
Historically, in terms of major volatility, 3 days come to mind -
Feb 2010, when silver downticked to $16.10 and touched $16
A few days later, when it crossed below $15 and theoretically got as low as $14.62.
That was going down. Going up - March 2009, when the US gov. announced about printing $300 Billion. An 8% rise over 24 hours.
I think that's the kind of volatility we will see when the "wealthy Asian investors" start calling the bluff of the paper shorts.
I think it will have some moments at $1150 ish but it will end the week about $1180.
I think this overall uptrend will continue for about the next 2 years.
2% a week for 52 weeks is more than a doubling.
2 doublings over 2 years = gold at $4600.
I think the real measure-able inflation in the US the next few years will be 10% to 50 % per year.
But Gold and silver will rise more as part of their reaction to the recent whistleblowing.
The most effective way for JPMorgan & HSBC & all those brokers who sold all those paper gold certificates to deal with the situation is to buy a bunch of gold, and make sure that those nervous investors who come by demanding gold are given some gold, re-assured, etc.
as far as silver - I think it will be more volatile. If the stock markets have a down week, silver will re-visit $18 at times. Otherwise, if the stock markets basically continue their flirtation with 11,000 & break 11,000, silver will move up another 3%, homing in on $19.
unless of course the big Comex short squeeze happens, in which case we will have 6% days and 8% days (UP days).
Historically, in terms of major volatility, 3 days come to mind -
Feb 2010, when silver downticked to $16.10 and touched $16
A few days later, when it crossed below $15 and theoretically got as low as $14.62.
That was going down. Going up - March 2009, when the US gov. announced about printing $300 Billion. An 8% rise over 24 hours.
I think that's the kind of volatility we will see when the "wealthy Asian investors" start calling the bluff of the paper shorts.