Gary clarifies his $1,030 gold target

Big Al
November 14, 2013

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Gary comes on the show today to clarify what he thinks it will take for the gold price to reach the $1,030 level at which time he will be backing up the truck to load up. Gary also gives us an upper target price where he would start buying if gold can surpass that.

    Nov 14, 2013 14:39 PM

    100 % manipulation !!!!!!!! Karvol GARY the basters NEVER STOP ! I BUYING OK ! BUY !

    […] here Written by Gold […]

    Nov 14, 2013 14:20 PM

    Gary has said repeatedly he is on the sidelines and gold will go to a $1030 due to manipulation. After that he would be a buyer. That is all he has ever said.
    Its hard to hit a moving target with with.
    You know my position and opinion on this.

    Nov 14, 2013 14:13 PM

    I listened with a sober mind to Tek De Silva’s interview with Gary. Gary is confusing everyone, including me. He clearly states that he expects gold to visit the lows and later to visit 1000 dollars. Gary, this could happen. I don’t doubt this. However, I believe it is one of many scenario’s that could happen. Sub 1300 gold is a good place for new comers to buy gold coins in my opinion. I have said this for quite a while. No one takes me seriously because I am not an analyst but I feel strongly that if you do not have any gold this is a good time to find low premium coins such as kruggerands. You know, the older models. Get em cheap with low premiums. Buy what you can afford. A little at a time. Just in case the price goes lower as Gary says. What Gary is saying is not bullshit. It is just not backed by anything but educated guesses and is a possible scenario. In the Army we had risk assesments. Do a chart and study what the risk is. Sub 1300 dollar gold in the next 3 to 5 years is going to be a winner. Even my 1600 dollar gold will be a winner in the next 5 years. Yes, Gary, if gold goes down to 1000 bucks I suggest that every swinging hotdog on the planet pull out the debit card and start loading up the wheelbarrow with tons of shiny. Don’t count on it sports fans.

    Nov 14, 2013 14:02 PM

    Great post Glen,I happen to take your posts..very seriously…I am a believer in DCAveraging!! Really could not care less what the daily price is!!

    Nov 14, 2013 14:24 PM

    Ann, please post your feelings on the sight. Dont let this site be Bogarted by the usual suspects. Give us your insight. Bring it too me. I live in Panama and I live on a fixed income. Very spartan lifestyle. I have to wait and see what is going to happen. I jumped in when prices for gold and silver were much higher. I live on a set income of 1400 dollars per month. My wife is not happy about it but since she is Columbian she just says I was stupid for jumping into this market with most of our savings at the wrong time. Yes, I was wrong. Ok. Now, We are in waiting mode. The time is not set. Could be years. Things are going to happen that we are not ready for nor is Gary. Gary is a smart guy. So is Rick Ackerman and do not forget the Doc. All smart guys. I think you look at the gold market. Yes, there are things we don’t know about that is going on with gold market but in the next 3 to 5 years, you are going to see changes. Gold is fundamental. It has always been money. Always been money. Repeat? Not needed. We have a government that wants you to believe something else. No biggy. Just buy the dips. I suggest finding a dealer that sells kruggerands or maples. Not the new models. Just make sure that the coins you are buying are in good or very good condition and wiegh 1 oz. What is the meaning of buying these coins? They are hidden. They are your personal possessions. Someday, you might want to sell them. Sell them for cash only. Gold is precious and stands on its own. There is no tracking. The government hates gold for this reason. Gold is secret. It is a great asset to own for your future. And, to add to this, do all of your business with cash. Demand a dicount for using cash if can. Leaves no trail.

      Nov 15, 2013 15:46 AM

      Glen you sound a v.interesting guy. Are you a sort of Panamanian ‘prepper’ without your Bushmaster or Glock?

        Nov 15, 2013 15:56 AM

        Funny. I was thinking he was sounding like some kind of outlaw with the Columbian wife as a connection…..who knows….underworld druglord? He sure seems to like his gold and silver though. Maybe a pirate!

          Nov 15, 2013 15:59 AM

          “maybe a pirate” hehehe

          My takeaway is “Gold could go up, and it could go down. It could go down before it goes up, and it could go up before it goes down… etc.” NOBODY MENTIONS THE INFLUENCE OF J.P.MORGAN. Gold will go where the psychopaths say it goes. But that doesn’t change its importance as a store of value when things do finally snap. and I’m reading some scuttlebutt that says the speed at which that happens will be amazing. I’m underwater but not panicking. This has been an extraordinary consolidation that we will laugh about in a few years.

    Nov 14, 2013 14:15 PM

    Damn–if you are unsure of short term –you buy your permanent holdings and then hedge with puts.

    He might wait for 1030 till cows fly–if gold suddenly takes off because of some event he will be chasing something he will need to have–what he is doing is gambling.

    thats the difference between traders and investors and in the case of gold who cares what it is 3 weeks from now–its having it when things get unbearable

    if you remember 2011-it seemed like it went up every day.

    Nov 14, 2013 14:01 PM

    Clear as mud.

    Nov 14, 2013 14:39 PM

    It certainly sounds like to me that Gary has backed off a little on his $1030 prediction. In prior interviews, he was very confident that gold would retest the $1180 low and possibly go lower, now he says it’s a “coin-flip” if gold gets there or goes up from here.

    Nov 15, 2013 15:18 AM

    With great respect to Gary and all those with charts, you have no real inkling which way PMs are going as LONG AS THE FED AND ITS CRONNIES AND THE GOV MANIPULATES THE MARKET! And, manipulation will continue until they decide it won’t or one or more of the many bubbles burst! However, I do appreciate your insights Gary!

    ‘simply said’