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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
 Posted - 12/05/2007 : 18:05:43
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Give your prediction on what the spot market price of copper/lb, silver/oz, gold, oz. at December 31, 2008. Give your predictions by January 1, 2008.
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Edited by - Tourney64 on 12/05/2007 18:07:25 |
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 12/05/2007 : 18:08:40
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Copper - $2.35/lb
Silver - $17.88/oz
Gold - $749.55/oz |
Edited by - Tourney64 on 12/05/2007 19:37:02 |
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davycoppit
Penny Pincher Member
USA
126 Posts |
Posted - 12/05/2007 : 19:03:49
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Copper. $3.17/lb
Silver $16.32/oz
Gold $847.10/oz
oops I read it wrong these are my predictions for December 2007.
Here are my 2008
copper $3.81/lb
silver $24.30/oz
Gold $990.10/oz
These are not my predictions more like a very wild guess I guess all predictions that far out are just wild guesses. |
Edited by - davycoppit on 12/05/2007 19:10:29 |
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fiatboy
Administrator
912 Posts |
Posted - 12/05/2007 : 19:06:01
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Oh jeez! I'm really terrible at price predictions, but I'll take a crack at it. For December 31, 2008,
Copper - $3.90/lb
Silver - $17.88/ozt
Gold - $987.25/ozt
I'm just shooting in the dark here, but I see price across-the-board declines early next year, but then strong price gains in Winter '08. Silver will lag for a very long time, but eventually catch up. Platinum will fall hard some time over the next 3 years. Manganese will dissapoint in '08. Lead will continue to perform, but not at the same clip as this year. Iridium will do well. Niobium will do very well next year. Nickel is the one I can't figure out. I have a hunch that the purity of scrap nickel will begin to matter more and more, so those of you that have pure Ni Canadian nickels will be happy.
2008 will be the Year of Readjusting Refining Costs. Purity will matter more. Scrap yards will change their metrics and models by which they calculate costs.
Ahhh...nothing like blind guessing. I feel so fraudulent! haha.
One thing I am certain about: 2008 will be the Year of the Garage Sale.
As I've mentioned before, I think 2009 will be an impressive year in metals prices.
So Tourney, you think silver will be at $17.88 and gold at $749.55 per pound?
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"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
Edited by - fiatboy on 01/01/2008 20:37:25 |
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 12/05/2007 : 19:27:17
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Thanks for the catch...
Corrected posted. |
Edited by - Tourney64 on 12/05/2007 19:37:33 |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 12/06/2007 : 06:51:56
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Cu $3.46/lb
Ag $17.36/oz
Au $927.16
Nothing like throwing out random numbers....
Tourney64, you really think Au will perform that poorly next year?
Deal
p.s. $24 Ag and I would be ecstatic. |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 12/06/2007 : 09:31:58
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For fun I'll throw in Peter Granich's Prediction:
You must be logged in to see this link.
"It recently tested key support just under $3 and bounced. I do believe it should eventually break that support as a massive top has formed technically and my long-term target of $2-$2.50 looks more likely. I do believe that as the price weakens to a move below $3, one should re-established with some copper exposure. The $2-$2.50 area should prove to be just a corrective level and in the next 3-5 years a move to new highs above $4 appears in the cards."
As for myself, I am really divided. Mostly all I have is questions with no answers. Will the US drag the whole world down into a recession? Will the US continue to try an inflate its way out of recession? Will all the countries get into a competitive race to devalue their currencies? Will the US decide they have to defend the buck and start to raise interest rates? When they do decide to raise interest rates will it be too late to save the dollar? etc..
Despite or because of all of that uncertainty, I continue to do what makes the most sense to me by investing in something that has a built in floor of break-even for a 50% discount. |
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n/a
deleted
192 Posts |
Posted - 12/06/2007 : 17:10:13
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My predictions have always been wrong.
I won't hazard a guess about numbers, but in relative terms, I predict that nickel will begin to move up again compared to the other metals.
I base this prediction on the charts from this page:
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especially this chart:
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relative to this chart:
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It looks like there is a historically recurring wave of availability.
It looks like we are at the peak of availability.
I would love to hear from any of you about how you interpret the Nickel History charts at Kitco. |
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The market can stay irrational longer than you can stay solvent.
John Maynard Keynes,
English economist (1883 - 1946)
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 12/06/2007 : 21:00:58
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NotaBigDeal writes:
Tourney64, you really think Au will perform that poorly next year?
Gold is tied to the value of the currency. When the interest rate goes down, then the dollar goes down, and gold goes up. The interest rate will have to go up in 2008 due to inflation pressures. |
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Frugi
Administrator
USA
627 Posts |
Posted - 12/07/2007 : 11:22:17
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my prediction on where will be in December 2008 (new year's eve)
copper- $3.95/lb.
silver- $33.80/oz.
__gold- $1740.25/oz.
after Jan 1 this thread should be locked until December 2008.
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Frugi
Administrator
USA
627 Posts |
Posted - 12/07/2007 : 11:24:55
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| Are we predicting what a scrap yard will pay or what the metal will trade for on the market? |
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 12/07/2007 : 11:50:19
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Based on your price predictions it's certainly not the scrapyard.
It's the spot market price. |
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n/a
deleted
86 Posts |
Posted - 12/07/2007 : 18:38:23
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I like Frugi's predictions. I hope to see those prices but I have my doubts (due to govt. manipulations.).
I'd say,
Cu - $3.90
Ag - $17.50 - $18.00
Au - $900 - $950
by 01/01/08 |
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 12/07/2007 : 20:18:58
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| By 12/31/08 |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 12/07/2007 : 21:19:18
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quote:
Originally posted by Frugi
my prediction on where will be in December 2008 (new year's eve)
copper- $3.95/lb.
silver- $33.80/oz.
__gold- $1740.25/oz.
after Jan 1 this thread should be locked until December 2008.
Due to the ability here to go back and edit your posts, I agree. Anything for the person closest in each individual category? Man, I hope you are the closest in the gold and silver categories.
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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Hirbonzig
Penny Collector Member
USA
451 Posts |
Posted - 12/08/2007 : 12:47:02
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On 12-31-2008:
Copper at 3.11 per lb.
Silver at 12.45 per oz.
Gold at 795.50 per oz.
Just a shot in the dark, hope these prices are on the low end. I think in an election year that everything will be stable untill he new administration takes over in 2009 and then watch all hell break loose! |
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n/a
deleted
192 Posts |
Posted - 12/09/2007 : 00:27:39
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The world no longer revolves around the USA. The change of administration in January 2008 will prove this once and for all.
It will be a yawner.
It will be a non-event, compared to the price of rice in China or the flow of oil, or the countries that want out of the Euro.
America's century was the 20th.
The Project for a New American Century is a cruel joke.
As soon as the New Century occurred, the PNAC warmongers flushed America down the toilet.
Watch this
You must be logged in to see this link.
Is that Benn Bhutto Sitting on stage?
Is that Bolton Laughing as his nation and his pet project is exposed for what it really is?
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The market can stay irrational longer than you can stay solvent.
John Maynard Keynes,
English economist (1883 - 1946)
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Edited by - n/a on 12/09/2007 00:30:20 |
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n/a
deleted
86 Posts |
Posted - 12/11/2007 : 11:59:47
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quote:
Originally posted by Tourney64
By 12/31/08
Thankyou for the correction |
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Frugi
Administrator
USA
627 Posts |
Posted - 12/14/2007 : 09:57:34
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quote:
Originally posted by me2
The world no longer revolves around the USA. The change of administration in January 2008 will prove this once and for all.
It will be a yawner.
It will be a non-event, compared to the price of rice in China or the flow of oil, or the countries that want out of the Euro.
America's century was the 20th.
The Project for a New American Century is a cruel joke.
As soon as the New Century occurred, the PNAC warmongers flushed America down the toilet.
Watch this
You must be logged in to see this link.
Is that Benn Bhutto Sitting on stage?
Is that Bolton Laughing as his nation and his pet project is exposed for what it really is?
You must be logged in to see this link.
You must be logged in to see this link.
the 2nd link is a must read and look at who "signed" it at the bottom
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 12/14/2007 : 10:33:34
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And the good news is at a quick glance of the name:s
Rumsfeld resigned in defeat
Wolfowitz resigned in disgrace
Libby resigned and was convicted and slapped on the wrist |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 01/01/2008 : 10:31:09
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It's the first, can we get the last minute predictions and maybe get this thread locked?
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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fiatboy
Administrator
912 Posts |
Posted - 01/01/2008 : 12:07:57
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| Last call for '08 predictions..... |
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 01/01/2008 : 12:16:02
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Copper $3.33 per pound
Silver $19.99
Gold $999.99
Nickel $19.99 per pound .....and the biggest gainer of the year. |
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Think positive. |
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fiatboy
Administrator
912 Posts |
Posted - 01/01/2008 : 20:43:05
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quote:
Nickel $19.99 per pound .....and the biggest gainer of the year.
Interesting. I hope nickel does well, and it wouldn't surprise me, too. I think over the next five years, nickel will permanently establish itself at over one dollar per ounce.
I'm keeping this thread open a few more hours. Go ahead a make changes if you want.
I can't wait to see what 2008 brings. Should be an interesting year, no doubt. |
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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2008 Year End Predictions
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