When will the bubble in gold prices burst and come back down to $300?
2007-03-16 20:47:07 · 11 answers · asked by bernardmailman 1 in Business & Finance ➔ Investing
no way take my word. it may be possible that gold may correct to 550 to 500.but 300 out of question.
2007-03-16 21:23:44 · answer #1 · answered by kelvin252525 1 · 1⤊ 0⤋
With the demand of gold from China and India, I don't think it's going to drop below 600 unless the dollar reverse itself. Even if the dollar gets stronger, it won't drag the gold price to below $500. Some analyst thinks that gold will hit $1000 in two years. Everyone has an opinion. If you want to invest in gold, buy GLD when gold drops to 620 max. I think it will pass 700 by year end. Forget about 300.
2007-03-17 09:58:45 · answer #2 · answered by Anonymous · 0⤊ 0⤋
This will not happen until the interest rate rises above 18%. The fed will keep printing $$ to create enough liquidity for financial markets around the world. I think you miss a "0" after $300.
The real bubble is the high flyer company like GOOG and REITs.
2007-03-17 21:43:26 · answer #3 · answered by TLIUALL 3 · 0⤊ 0⤋
Gold will resume it's up trend about the 16th of April, it will not go down to 300 but could hit 600-580 before april, After april, the rise will take it past $700 this year
2007-03-17 11:40:31 · answer #4 · answered by bob shark 7 · 0⤊ 0⤋
Gold is hardly a bubble. was $850 in 1979. $300 ain't gonna happen. india/China/Inflation/Us Economy all pushing it up. Buy IAU instead of whistling in the dark
2007-03-17 16:46:53 · answer #5 · answered by vegas_iwish 5 · 0⤊ 0⤋
I, personally, believe that towards the end of this year or early next year, we will see gold prices plunge. The stockmarket will soon be having a huge correction towards the end of the this year or early next year. It's due for one soon.
When the stockmarket gets a bearish reversal, then, a lot of people will sell off their gold portfolio to hedge the losses from the stockmarket. This will most def. lower the price of gold. However, I don't think it will drop as low as $300/oz.
2007-03-17 03:53:36 · answer #6 · answered by Muga Wa Kabbz 5 · 0⤊ 2⤋
i do not see any thing like this in near future. please note there are two major stops, one at 630 and then at 605. if it crosses both of them, you then have a chance to see it again donward spiral.
we have to weigh US dollars weakness also. USD is on down trend and it may hit low towards the year end, it means, the gold to hit the peak at that time and then follow through US dollars inversely.
2007-03-17 04:35:05 · answer #7 · answered by vtandon 1 · 1⤊ 1⤋
NOT in future.. u have to travel back..
unless there is a massive recession in the economy's world wide..
2007-03-17 07:12:22 · answer #8 · answered by DC to BC 1 · 1⤊ 0⤋
When the U.S. dollar stops dropping against other major currencies.
2007-03-17 04:00:25 · answer #9 · answered by Cdn_Superdave 4 · 1⤊ 1⤋
Friday.
2007-03-17 03:51:09 · answer #10 · answered by Anonymous · 0⤊ 2⤋