Have we hit bottom yet for PMs?

[jim4silver]

Have we hit bottom yet for PM's?

I am starting to see PM bug sites running articles saying gold is going to 1000 or below. I take this as a sign the end is near for the bears. I understand the perma bears writing the usual stuff (just like the PM bulls saying to the moon constantly), but now that PM bulls think gold is going to drop, I take that as bullish.

I guess I am being a contrarian to the contrarians (does that cancel itself out?)

PS Maybe I had too many beers last night, but I really do believe we are gearing up for another run up soon, when I cannot say.


Just my opinion.

Jim

 

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[Marchas45]

I am starting to see PM bug sites running articles saying gold is going to 1000 or below. I take this as a sign the end is near for the bears. I understand the perma bears writing the usual stuff (just like the PM bulls saying to the moon constantly), but now that PM bulls think gold is going to drop, I take that as bullish.

I guess I am being a contrarian to the contrarians (does that cancel itself out?)

PS Maybe I had too many beers last night, but I really do believe we are gearing up for another run up soon, when I cannot say.


Just my opinion.

Jim

Well here is an article that says gold is going down to $1000.00 which is good for me as I'll stock up real fast. LOL

Gold Trader: ?Manufactured? Crash Imminent, Gold to Test June Low Next Week As JPM Guns for $1,000 | SilverDoctors.com

 

[jim4silver]

Well here is an article that says gold is going down to $1000.00 which is good for me as I'll stock up real fast. LOL

Gold Trader: ?Manufactured? Crash Imminent, Gold to Test June Low Next Week As JPM Guns for $1,000 | SilverDoctors.com

That is one of the articles I am referring to. I think the guy is going to be wrong but I am sure he knows more than I do. We'll have to wait and see. My crystal ball tells me the next run up will begin before the end of the year and run like mad into spring before another mild correction.


Jim

 

[crhstreetwalker]

My crystal ball tells me the next run up will begin before the end of the year and run like mad into spring before another mild correction.

Please be right LOL

 

[lost]

I'll go with the guy who picked $1000. I read the same article and it made more sense than what other writers have claimed recently. Like in the past few days as their opinion's change from week to week.

And, my neighbor who writes Tech and Business articles for a major US Newspaper also said a drop to $1000-1100 could be reasonable. His words. He's also a day trader. He said the "V" also appeared in his own prepared charts. He also added, buy at $1125. Don't wait a dollar later as the price will shoot up (excuse me. His words) like a rocket. Where have I heard the phrase?

I know nothing. Just passing along a conversation.

 

[Peyton Manning]

I feel the dow is going up for another 6-8 months, so gold will go down more, be patient

 

[fistfulladirt]

Doesn't matter to me if it goes up or down a bit, I'm still sitting on way too much fiat, so Im still buying.

 

[billjustbill]

I am starting to see PM bug sites running articles saying gold is going to 1000 or below. I take this as a sign the end is near for the bears. I understand the perma bears writing the usual stuff (just like the PM bulls saying to the moon constantly), but now that PM bulls think gold is going to drop, I take that as bullish.

I guess I am being a contrarian to the contrarians (does that cancel itself out?)

PS Maybe I had too many beers last night, but I really do believe we are gearing up for another run up soon, when I cannot say.


Just my opinion.

Jim

Jim,

Take a look at this viewpoint of gold down to 700. Makes you think!

Gold Up or Gold Down?

Bill

 

[Marchas45]

Jim,

Take a look at this viewpoint of gold down to 700. Makes you think!

Gold Up or Gold Down?

Bill

I read it and you can sell your physical if you want but I'm holding mine and Stacking more. The PM's will not collapse if the economy collapses. IMO Keep Stacking

Our view is that gold will continue to melt down, all the way to $700, if not lower because of the great economic crash we forecast for early 2014.

There are at least 13 different triggers that could become responsible for the collapse (another topic for another time). Regardless, the result will be continued frustration for gold bugs at the lack of respect the barbaric relic receives and the steadily collapse of their beloved yellow metal.

Our suggestion? Sell your gold investments. YEA IF IT'S PAPER

As far as your physical gold goes, the gold that sits in storage for no purpose other than to provide you with peace of mind, that’s for you to do with what you will.

The time has come to sell gold, not buy gold. As the gold price deflates to $700 an ounce, it will be lucrative to go short the precious metal. As a subscriber to the free eletter, Survive & Prosper, we’ll tell you the best ways to take advantage of gold’s demise… AND INTO THE POCKETS OF THE ELITE.

 

[TheCoinKid]

Watch for a convergence of physical and paper market prices (contango notwithstanding) to signal a bottom in the cycle.

 

[billionaire]

Well apparently not yet

 

[jim4silver]

If we can't get a solid close near or beyond 21 this week I think we are gonna get another push downward. I don't think any such drop would last long nor would it go too low, but the big shorts might have one more hurrah before the next leg up that I think will happen soon. How far up they let it go up later on is another story.

Just my opinion.

Jim