[3aidlillahi]

We've seen gold go above $925 and silver over $18 for the first time in a couple of months after a week of solid gains following two months of dips and plateaus and bigger dips. So what do you guys think? Are we on our way back over 1000 and 20 and then higher in the coming summer months following a cyclical spring decline? I'm thinking we'll hit 1250 and 25 by the end of August, IMO. But there's the possibility of trouble on the oil front which would put more money into oil and gas which could keep PM's lower than otherwise.

[Micki]

$1200 Gold and $28 Silver looks realistic right now.
Jim Sinclair has warned that there will be a fake before we breach $1000 again. Don't know if it was the one yesterday when gold dropped $10 or if it is still to come. He could of course be all wrong, but he's been pretty accurate otherwise so I do listen when he speaks.

Here is a chart showing the silver channel
Silver

Clive Maund is a TA analyst who also has good track record.
He is bullish both gold and silver right now.
He writes amongst other for safehaven.com

Gold and Silver prices however have a long history of behaving counter intuitively. That is one of the main reasons I believe it is being manipulated. Often when if it is about to break out to upside, bullish news are released or it is tape painting time, like Friday's, we tend to see selling pressure.
Given that UK and US markets seem to be losed Mon I however think that not that many would dare to short. Too much can happen over weekend and on Mon and the shorts may find themselves blown out of water come Tue.

I also think that we will see price move up during summer months although historically this has been quiet times.
Reason being that historically it was affected by seasonal slowing in jewlery demand. I think this will have much less impact than the current economical turmoil.

[threadbear]

$this->bbcode_second_pass_quote('Micki', '$')1200 Gold and $28 Silver looks realistic right now.
Jim Sinclair has warned that there will be a fake before we breach $1000 again. Don't know if it was the one yesterday when gold dropped $10 or if it is still to come. He could of course be all wrong, but he's been pretty accurate otherwise so I do listen when he speaks.

Here is a chart showing the silver channel
Silver

Clive Maund is a TA analyst who also has good track record.
He is bullish both gold and silver right now.
He writes amongst other for safehaven.com

Gold and Silver prices however have a long history of behaving counter intuitively. That is one of the main reasons I believe it is being manipulated. Often when if it is about to break out to upside, bullish news are released or it is tape painting time, like Friday's, we tend to see selling pressure.
Given that UK and US markets seem to be losed Mon I however think that not that many would dare to short. Too much can happen over weekend and on Mon and the shorts may find themselves blown out of water come Tue.

I also think that we will see price move up during summer months although historically this has been quiet times.
Reason being that historically it was affected by seasonal slowing in jewlery demand. I think this will have much less impact than the current economical turmoil.