Use access key #2 to skip to page content.

TMFAleph1 (94.88)

Gold Could Drop Below $500

Recs

16

November 02, 2010 – Comments (10) | RELATED TICKERS: ABX , GLD , GDX

A long-term look at real gold prices.

Alex Dumortier

10 Comments – Post Your Own

#1) On November 02, 2010 at 6:03 PM, 100ozRound (29.44) wrote:

Is that after they chop a few zero's off the dollar like Zimbabwe did?

 

                                              :P

Report this comment
#2) On November 02, 2010 at 6:13 PM, TMFAleph1 (94.88) wrote:

Ha! Anything is possible...

Report this comment
#3) On November 02, 2010 at 9:28 PM, ChrisGraley (29.77) wrote:

I have to buy more gold.

Report this comment
#4) On November 02, 2010 at 9:48 PM, TMFAleph1 (94.88) wrote:

Why?

Report this comment
#5) On November 02, 2010 at 11:38 PM, ChrisGraley (29.77) wrote:

When gold drops to $500 an ounce again, it will be the only thing worth anything.

Report this comment
#6) On November 03, 2010 at 12:41 PM, RonChapmanJr (92.99) wrote:

I doubt it will, but I would definitely be buying at that price.

Report this comment
#7) On November 03, 2010 at 12:55 PM, Revler1082 (< 20) wrote:

This kind of analysis is always flawed from the start because they don't take into account what's happening in the world.

Those dips didn't just happen because gold was drawn back to your average line by magical forces. Gold came back down because Volcker jacked up interest rates. Is Bernanke going to do the same?

Gold isn't a bubble just because the price is something you consider high. It can go much higher, it all depends on what the monetary policy of this country is going to be. If things change, I'll be happy to sell, but for now I'll hold onto mine.

 

Report this comment
#8) On November 03, 2010 at 1:05 PM, jesusfreakinco (28.81) wrote:

Two words - Middle East / China... ok that was three words...

Gold will never see sub $1,000 again.  Demand is way too strong.

Report this comment
#9) On November 03, 2010 at 1:12 PM, motleyanimal (89.59) wrote:

I heard the CEO of Newmont just recently say that his production costs from mine to market run between $800-$900 per ounce.

With this in mind, I think it unlikely that gold ever drops below production cost.

Report this comment
#10) On November 08, 2010 at 1:57 PM, cbwang888 (25.84) wrote:

ETs will fly their UFOs to come and buy gold @ $500/oz

Report this comment

Featured Broker Partners


Advertisement