I can see that some people seem to know how to read, but without understanding what they read, a fact that seems to be a common fault around here.
There is a well-known body of research that suggests that at any point in time, current market prices reflect all currently known information. "
By the way, the prediction of gold at least at $800.00 turned out wrong because of a central bank engineered recession, that the experts failed to anticipate.
"President Jimmy Carter nominated Paul Volcker to serve as chairman of the Board of Governors of the Federal Reserve System on July 25, 1979.[17] He was confirmed by the U.S. Senate on August 2, 1979, and took office on August 6, 1979.[18] President Ronald Reagan renominated Volcker to a second term in 1983.[19][20]Inflation emerged as an economic and political challenge in the United States during the 1970s. The monetary policies of the Federal Reserve board, led by Volcker, were widely credited with curbing the rate of inflation and expectations that inflation would continue. US inflation, which peaked at 14.8 percent in March 1980, fell below 3 percent by 1983.[21][22] The Federal Reserve board led by Volcker raised the federal funds rate, which had averaged 11.2% in 1979, to a peak of 20% in June 1981. The prime rate rose to 21.5% in 1981 as well, which helped lead to the 1980–1982 recession,[23] in which the national unemployment rate rose to over 10%. Volcker's Federal Reserve board elicited the strongest political attacks and most widespread protests in the history of the Federal Reserve."
