Ed Steer's Gold and Silver Daily

24hGold.com RSS Feed - Gold and Silver Market Analysis

24hGold.com RSS Feed - Gold and Silver Editorials

Whiskey & Gunpowder

Numismatic News

Click to Enlarge

Close Call For US Banks
The World’s Best Gold Experts: “Buy and Hold!”
excerpt:

BG: How volatile do you expect gold to be? What's your low price that would present a good buying opportunity?

Rick Rule: Volatile on steroids! If we have a replay of the liquidity crisis of 2007-2008, gold could crack $1,000 on the downside. I don't time these things; I build cash when values in other sectors are not available, and bullion for me is a form of cash.

James Turk: I do not expect gold to be volatile. It looks to me that the gold price is ready to accelerate to the upside, and I do not expect there to be any significant price corrections because the demand for physical metal is just too strong. There is always a lot of money on the sidelines ready to buy any dip.

Any price below $1,500 represents a good buying opportunity because I do not expect gold to remain below that price much longer….

full article