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To: Pollster1

How come gold has hardly moved in six months? Plus silver has been mostly flat for year. If demand is so strong..why have the prices stagnated?


6 posted on 01/30/2013 11:25:40 AM PST by Oldexpat
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To: Oldexpat
How come gold has hardly moved in six months? Plus silver has been mostly flat for year. If demand is so strong..why have the prices stagnated?


10 year gold prices


10 year silver prices

I'd say that the risk of having a communist in our White House has already been fully factored into gold and silver prices. There was, as you say, no major increase in the past two years (in fact a slight drop), but the rise under Pelosi and the first couple years of Obama was dramatic. A significant fraction of my investments are now in durable forms appropriate to the economy that Obama is creating.

8 posted on 01/30/2013 11:38:42 AM PST by Pollster1
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To: Oldexpat

10 posted on 01/30/2013 11:47:57 AM PST by blam
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To: Oldexpat

See the charts in post 8. Those are wedge formations that will break to the upside. Whatever the price is at the end of the wedge (e.g. 1650 for gold) will never be seen again, however it might take another year to break the wedge.


14 posted on 01/30/2013 1:42:48 PM PST by palmer (Obama = Carter + affirmative action)
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