$875 GOLD in 2007

[diligent]

^ i think there is truth to this post above.

 

[Iowegian]

Gold is having a beast of a time with $666 and oil needs to close above $66.60. Time to chime the Halloween music.

 

[yonglee]

calm down folks. Gold price will be staying around 670 in 2007. Why?
Because there is no big momentum these days.

 

[Iowegian]

oil goes up, the dollar goes down and the stock market stays buoyant then gold must go up. It doesn't seem to be reacting favorably to increased geopolitical risk. That's for sure.

 

[EliteTr4der]

$875 will be hit in the 4rth quarter according to my charts.

 

[Daal]

SOLD!

 

[independenceair]

Not sure about the target but.I 'll predict a seasonal peak toward the end of Q1 2008- hopefully beating the approx. 740.00 mark reached in may 2006.
Private ownership of Gold allowed in China
Asian economic expansion cause some nations to stock up on
gold to back their currencies, financing.
New ETF's coming out of places like India.
Continued U.S.D decline
and a bunch of other stuff that I don't know of.
All could help with Gold prices.

 

[Alex_in_Oz]

Gold will close the year out at well below US$550

It will never get to US$700...not for another ten years +

Watch....

 

[BlindLemonBoosh]

Quote from Alex_in_Oz:

Gold will close the year out at well below US$550

It will never get to US$700...not for another ten years +

Watch....

I'll definitely take the other side of THAT trade. Very bullish right now on gold.

 

[thriftybob]

Quote from Alex_in_Oz:

Gold will close the year out at well below US$550

It will never get to US$700...not for another ten years +

Watch....

Here's Alex's prediction from LAST summer....

Alex_in_Oz
Registered: May 2006
Posts: 491

07-28-06 10:24 PM

I completely disagree. Not only will we see Gold below $500 an ounce in our lifetime we will see it by the end of the year!
Massive amounts of gold are coming on line because old, dissused mines are increasingly profitable and there is a heck of a lot of gold in those mines! Check out BDG:AX PAU:AX SAR:AX and there are literally hundreds of tonnes of gold below the surface in Australia alone. There are many reasons why gold is way overvalued but I have already gone into those in earlier posts.