OTCQX:BGMZF - Post by User
Comment by
pigbruinmcveidon Dec 07, 2015 3:41pm
111 Views
Post# 24362648
RE:Gold price to fall to under $1,000
RE:Gold price to fall to under $1,000Maybe gold goes to $9xx in 2016 but not before it gets back above $1150 in the next month or so.
Price never goes in a straight line and the sentement is so negative right now a pop is due IMO. More profits for the banksters when price bounces around.
But sure, I have been saying $8xx or $9xx gold for a while I do believe. And there is zero data right now to change that view. The only ponit for discussion IMO is the path to the ultimate lows that will hold until gold sets a new all time high. Of course lots of discussion on where that ultimate low will be $8xx vs $9xx is a huge difference to the miners.
And timing is also a huge uncertainty. Personally I doubt it going to happen in 2016. IMO needs to happen well after certain fat uncle's expiration date. Just trying to think like that fasiast the Great Humiluator might... although that is probably just a pipe dream, thinking I could anticipate TGH, eh :)
Halcro, do you have an opinion on the ultimate gold low (one that holds until a new high is set) and on the timing? Would be very curious to hear same... tia...