Gobbo called and end to the commodities boom 12 months ago, and has been bearish on gold since then, when it was $650 an ounce. One day there will be a big correction in gold, and he will crow about how clever he was. But even if gold corrected to its 200 day moving average today, it will only drop to $730 an ounce. So he has been wrong about it for 12 months, and whatever happens to the price of gold from now on in he will still have been wrong.
