So, where is Gold going (Pick your price)

[Mega]

Ej.................................$3,000
Keiser............................$5,000
Schiff............................$5,000
Jim Ricards.....................$7,000
Bob Chapman..................$8,000
Jim Sinclair.....................$11,000

Mega (Get out price)........$6,600 ish

& yours?
Mike

[GRG55]

Re: So, where is Gold going (Pick your price)

Ej.................................$3,000
Keiser............................$5,000
Schiff............................$5,000
Jim Ricards.....................$7,000
Bob Chapman..................$8,000
Jim Sinclair.....................$11,000

Mega (Get out price)........$6,600 ish

& yours?
Mike

Since the outcome is entirely based on political decisions, and not jewellry demand or the Indian wedding season, nobody can know with any degree of certainty...

[Ellen Z]

Re: So, where is Gold going (Pick your price)

EJ has said different things at different times. Could someone please post one of his recent comments on this?

AND, I recall a recent thread where there was a discussion of EJ gold price predictions in 2001 dollars, or 2006 dollars, vs predictions in 2011 dollars. I haven't been able to recall the title of that thread, and I'd like to look at it again .... if someone knows, could you please post a link here?

Looking at that list Mega just posted, it would be handy to know when each person said that, and whether they were thinking in 2011 dollars or something different.

[GRG55]

Re: So, where is Gold going (Pick your price)

EJ has said different things at different times. Could someone please post one of his recent comments on this?

AND, I recall a recent thread where there was a discussion of EJ gold price predictions in 2001 dollars, or 2006 dollars, vs predictions in 2011 dollars. I haven't been able to recall the title of that thread, and I'd like to look at it again .... if someone knows, could you please post a link here?

Looking at that list Mega just posted, it would be handy to know when each person said that, and whether they were thinking in 2011 dollars or something different.

Do you really put much faith in such predictions? If so, why?

I find it quite curious that there are still so many people that seem to want to make precise predictions of these types of outcomes, and even more curious that there are so many people that seem to find comfort in these predictions [perhaps the latter supports the former?] - even when the logical side of us knows these types of numerical forecasts are most often proved wrong [overwhelmingly].

EJ has many times described himself as a "lazy investor". He has explained that phrase as meaning that he [and iTulip] always try to find and understand the big, macro trends and turning points.

These are rarely if ever determined by singular factors such as price targets or chart technicals. Having followed his writing for some time now I seriously doubt EJ is going to make a decision to sell his gold on the basis of hitting a $3000 price target [or any other price target]. He may be out sooner, or he may be out later...we'll all find out in due course...and the analysis that leads to that call will be, I'm certain, multi-factored and complex. And yes, I do wonder sometimes why EJ bothers to make such price predictions at all.

[lektrode]

Re: So, where is Gold going (Pick your price)

...seriously doubt EJ is going to make a decision to sell his gold on the basis of hitting a $3000 price target [or any other price target]. He may be out sooner, or he may be out later...we'll all find out in due course......

from what i've gathered, EJ apparently bases the decision to move out of gold not on price per se, but on a ratio of gold to some other asset class; ie the ratio of AU/SP500

so i guess the question now seems to mostly revolve around whats going to happen in jackson hole next weekend, as in: will the bernank call for more printing to pump up the casino....where, not incidently, just in case one is thinking about showing up - Motel6's rates for that weekend seem to be no more than normal for the summer season (about 100/nite) - tho the banker crowd no doubt will be hole up near teton village, camped out in them lil (5000-10000sqft) 'weekend cottages' that have sprung up by the dozens in the past few years

and where's mr metalman when we need him?
(to point us to where the good bones on the topic are buried...)

[*T*]

Re: So, where is Gold going (Pick your price)

Yeah, but price targets are fun.

*T*: $infinity

Edit: when did sinclair up his target from $1650?

[globaleconomicollaps]

Re: So, where is Gold going (Pick your price)

Ej.................................$3,000
Keiser............................$5,000
Schiff............................$5,000
Jim Ricards.....................$7,000
Bob Chapman..................$8,000
Jim Sinclair.....................$11,000

Mega (Get out price)........$6,600 ish

& yours?
Mike

A few more:
Debt Collapse - $20,000 Gold - Mike Maloney
http://www.youtube.com/watch?v=tj2s6vzErqY

looks to be about January 2011


FOFOA doesn't like exact numbers or time frames, but this is from 2008-10
http://fofoa.blogspot.com/2008/10/fr...onge-that.html

but just for the sake of this experiment let's use the number from my previous post of $100,000 per ounce.

This is expected to be a literal over night revaluation.

I neglected to add my own humble contribution:


I predict that gold will go to infinity on October 16th 2016 based on a hyperbolic fit to the data ;) I further expect that If you wait until the next day to sell, you will then owe an infinite amount of dollars, but don't sell, because there is a horizontal asymptote at -$42 so if you can hang on until the end of time you will only owe 42 bucks.

[tastymannatees]

Re: So, where is Gold going (Pick your price)

here is a horizontal asymptote at -$42 so if you can hang on until the end of time you will only owe 42 bucks.

That 42 number again

http://seedmagazine.com/content/arti...s_get_hitched/

There is an important sequence of numbers called “the moments of the Riemann zeta function.” Although we know abstractly how to define it, mathematicians have had great difficulty explicitly calculating the numbers in the sequence. We have known since the 1920s that the first two numbers are 1 and 2, but it wasn’t until a few years ago that mathematicians conjectured that the third number in the sequence may be 42—a figure greatly significant to those well-versed in The Hitchhiker’s Guide to the Galaxy.
It would also prove to be significant in confirming the connection between primes and quantum physics. Using the connection, Keating and Snaith not only explained why the answer to life, the universe and the third moment of the Riemann zeta function should be 42, but also provided a formula to predict all the numbers in the sequence. Prior to this breakthrough, the evidence for a connection between quantum physics and the primes was based solely on interesting statistical comparisons. But mathematicians are very suspicious of statistics. We like things to be exact. Keating and Snaith had used physics to make a very precise prediction that left no room for the power of statistics to see patterns where there are none.

[grapejelly]

Re: So, where is Gold going (Pick your price)

I'm thinking $1480.

[Jam]

Re: So, where is Gold going (Pick your price)

That 42 number again

And, it's the last of the sequence of Lost numbers (4 8 15 16 23 42).

[jiimbergin]

Re: So, where is Gold going (Pick your price)

Yeah, but price targets are fun.

*T*: $infinity

Edit: when did sinclair up his target from $1650?

That was just the next step, then 1754. He expects much higher numbers than most people ultimately.

[dcarrigg]

Re: So, where is Gold going (Pick your price)

That 42 number again

I'm waiting for the bowl of petunias to crash nearby.

[btattoo]

Re: So, where is Gold going (Pick your price)

I predict that gold will go to infinity on april 14th 2014 based on a hyperbolic fit to the data ;) I further expect that If you wait until the next day to sell, you will then owe an infinite amount of dollars, but don't sell, because there is a horizontal asymptote at -$42 so if you can hang on until the end of time you will only owe 42 bucks.

Thanks Global - I got a good laugh out of your analysis this am ;)

[doom&gloom]

Re: So, where is Gold going (Pick your price)

Ej.................................$3,000
Keiser............................$5,000
Schiff............................$5,000
Jim Ricards.....................$7,000
Bob Chapman..................$8,000
Jim Sinclair.....................$11,000

Mega (Get out price)........$6,600 ish

& yours?
Mike

"to da' moon Alice, to da moon!"

[jtabeb]

Re: So, where is Gold going (Pick your price)

Is that in nominal or inflation adjusted dollars