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gold price predictions

Article Index

What to Take Away from This Bold Peter Schiff Gold Prediction  

By , Associate Editor, Money Morning • @JimBach22 -

Peter Schiff gold

You don’t have to live in the world of Peter Schiff gold hysteria to find the yellow metal an attractive investment.

Whereas the Peter Schiff gold price predictions are predicated on gloom-and-doom forecasts of massive hyperinflation and a worldwide financial meltdown, this shouldn’t be why you buy gold.

Economic calamity may not be imminent, but here's why you should still buy gold...

Why Gold Really Crashed and What You Can Do About It

By , Chief Investment Strategist, Money Map Report -

The news is great at telling us what's happening. But understanding what's happening is what makes the difference between an average and a truly great investor.
Gold's crash on Monday is a perfect example.
The media fell all over itself talking about how gold was falling and how far it was off its highs. Yet few tied the devastating slide to real economic events let alone made the connection to actual trading.
But that's my bread and butter. And today I'm going to tell you what really happened and why.
Better yet, I'm going to tell you exactly how to play it...

Jim Rogers' Prediction on Gold Prices Was Only Half of the Story

By , Money Morning -

In October, legendary Quantum Fund manager Jim Rogers made a prediction about gold prices that left many gold bugs shaking their head.

Although Rogers admitted he wasn't going to be selling his hard assets, he predicted further consolidation and a near-term correction in the metals markets.

Predicting this short-term downturn, Rogers cautioned that gold had been on the rise for twelve consecutive years, a streak that was unparalleled. That was then.

This week, his prediction rang true as gold and silver prices took another huge hit. In the aftermath, gold prices are now down approximately 30% since reaching an all-time high in August 2011.

According to Rogers gold prices have even further to fall.

As Cyprus Struggles, Now Is the Time to Buy Gold

By , Resource Specialist, Money Morning -

I’ll bet a few Cypriot bank account holders are paying much closer attention to gold now.
Since the announcement that Cyprus was looking to confiscate up to 10% of bank deposits, gold has risen by up to $24/ounce on safe haven demand. That’s no surprise. The yellow metal is not only real wealth, but the only asset that’s not simultaneously someone else’s liability.
Now that trust in the banks has broken down again, we’ve been given another hard lesson on the dangers of fiat money.
Here’s why this may be your last chance to buy gold so cheap...

Gold Prices Await Big News from Bernanke

By , Money Morning -

Gold prices are desperately waiting for bullish news from the Federal Reserve this week after slipping from last week's gains.

Last week, gold woke up from its sleepy August and increased 3.5%. It saw its greatest one-week jump since January and gold exchange-traded funds (ETFs) followed in its footsteps by reaching four-month highs and breaking 200-day moving averages.

These jumps came in response to the Federal Open Market Committee (FOMC) meeting minutes that suggested the need for more stimulus and some sort of quantitative easing. The report release extended the recent precious metals rally initiated by European Central Bank President Mario Draghi, who pledged his commitment to keep the Eurozone in place.

Gold prices on Monday fell from last week's high of $1,674.28 to $1,671.80, and have continued that decline this week. The most actively traded contract for December delivery was down Thursday morning by $1.10, or 0.1%, to $1,661.90 per ounce.

So what happened to dampen last week's enthusiasm for gold?

Europe, China Pound Gold Prices

News from abroad knocked down some of the gold price optimism.

Germany's Ifo Institute announced Monday that its business sentiment declined for a fourth consecutive month in August to 102.3; this came in lower than the 102.6 estimates and July's revised 103.2 figure.



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