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Originally posted by strangedays
Ive noticed that Gold and Silver have been losing a little value over the past 2 weeks. The gas prices also in my area went up to $4/gal for regular, but this week they are back to $3.89/gal. Its not a gigantic loss but silver has gone from like $34.xx/oz for non generic to $31.xx/oz in this time period. Just today silver is down almost a full dollar (89 cents), and gold $22/oz. Gold im not so worried about but the silver impact is pretty noticable in such a short time.
This makes me think that the QE3 stuff will start to happen soon as far as the numbers go. I think its a good time though because the numbers are usually volitale like this when its about to take a jump (gold set for a single rebound, silver a double). Also in the history of PMs the numbers always go all skewed at the time of US elections, which we are nearing.
I think it may go up even though ive been told its not. Anyone else have any predictions? Id like to get others opinions on what they think is going on.
Originally posted by ANNED
As the economy improves gold prices go down.
But we have a long way to go before the economy is back to normal.
I see gold dropping back to $600 a ounce. when "true" unemployment gets below 5%
That is when i will buy gold. because the cycle will begin again.