"gold ... above $2,000 by the end of march", page-22

  1. 24,765 Posts.

    With gold currently trading at US$1643, "Greyerz – Gold Will Trade Above $2,000 by the End of March" looks to me like another short term price prediction that will go horribly awry.

    How many of these failed price predictions have we seen? Probably too many to take serious notice of them imo.

    Greyerz probably would have been far more accurate to suggest "Gold Will Trade Below $1,600 in March." But I guess gold bulls don't want to hear that! At the worst he'd have only been US$30 or so out.

    Mind you "Gold Will Trade Above $2,000 by the End of March" is not as bad as the predictions the public were freely given as the gold bubble peaked in January 1980 - "Gold will hit US$1000 next week." That was 28 years out!!
 
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