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Contributor

Re: USDA and Informa

14.5 billion bushels. The USDA thinks we can. US farmers are arguing its near impossible. Over the next few months farmers will do their best to prove the USDA correct.
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Esteemed Advisor

Re: Prediction vs. Projection

jec22..you do realize that the first level of price support in gold is $1000 right? Real support is $850, a level we will see again at some point in the next 4 years. The current lows must hold or gold goes into vertical freefall. The parabolic advance has gone sideways for 4 quarters or so TWICE ALREADY, this is the third time, and while I "hope" it has one more push to the upside, there is absolutely no guarantee. In the perfect world gold would rally until the end of 2013 and then hit a pure vacumm that sucks it all the way back to $850. But perfect seldom happens.

 

Comparing corn to gold is fraught with peril for a producer of corn. Gold has always been a follower, not a leader, so comparing the leaders (energies, grains) to gold is just full of risks.

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Senior Contributor

Re: Prediction vs. Projection

Hi Time,

 

Could you give me some reasons why the dollar would strengthen relative to gold as much as what your saying?  (850 to 1000)

 

To me gold will trend up until DC quits deficit spending.  Wouldn't that be a sight to behold. 

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