GOLD 0.51% $1,391.7 gold futures

Interesting article Skol - one day may be true, but the...

  1. 453 Posts.
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    Interesting article Skol - one day may be true, but the conclusion (copied below) was certainly way off the mark with timing and where POG was going.

    "Sure, gold has some good fundamental reasons for being above $1000 per ounce, but if you?re late to the party, do you really want to invest at these levels knowing that going long gold (and shorting the U.S. Dollar) are the most crowded trades on Wall Street in late 2009?"

    I guess they were pretty sure they were right, but to date they're at least 18mths out with timing and $750 out with price. Many believe there's still more to go.

    Will be very interesting to look back in couple of years.
 
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