Gold closed at $1096.90 and I was wondering what the 24CF experts think
about selling stocks. And putting the money in gold and silver.

Commodities should fall more if the Fed raises interest rates. Stocks may also fall so I'm not sure where the best place is to put your money. Cash may be king for a while.

"Gold soaring! No end in sight! May soon top $2000!"

Wasn't that the siren song we all heard just recently? From the "experts"?

US dollar is king right now, but I doubt we will see a rate rise until December .... maybe. Stocks may bounce around a bit, but there are not a lot options outside of cash. I would shy away from gold, even though I always like having some physical gold around. But if I ever get a change to buy gold sub $500, I'm going to load up like a fat kid in donut shop .

Gold at sub $500 .... to me that sounds like $0.05 beer. I'll start buying if it goes under $1000.00

William Devane's portfolio has two phases:

Peaks & peaks.




Clark

The only folks saying gold will be over $2000.00 are the gold sellers.

Oil and gold prices are usually strongly connected with one ounce of gold buying 15-20 barrels of oil. If oil prices collapse(more) I would expect gold to follow.

I was thinking the same thing. If that were true, I would think they'd want to hoard it rather than share or sell it.

I like Gold under $900.00
But so will a lot of other people.

Crisis will make Gold rise in price

I have no gold, nor do I want it. I can't eat it or take it with me when I'm gone.

Gold was $35.00 an ounce when I was a senior in H.S. in 1966. If I knew then what I know now, oh well.

Whiptail - Thanks for pointing that out. I fully expect oil prices to continue down.

Glad you found it interesting. I read it in Forbes.
I saw the Saudi's are going to cut production at the end of the summer so prices will probably head higher.

If the Saudi's reduce production, Obama will simply issue the necessary orders to increase pumping in the US. Right? RIGHT?