April 15, 2013
– Comments (5) |
RELATED TICKERS: GLD
In mid-March, I predicted gold would fail to break $2,000 in this decade. Gold's price action this month adds evidence to the notion that we may be witnessing the end of the bear market.
Gold: The End of an Era
Erratum: Obviously, the second sentence should have read:
"Gold's price action this month adds evidence to the notion that we may be witnessing the end of the bull market."
I have made some bad calls recently, but you've been calling gold overvalued as long as I can remember. Also in mid march gold wasn't even close to 2000....I could've predicted the Dow wouldn't break 18k and easily been right
Near term, it does look like it's going to continue dropping. Longer term is anybody's guess though.
Don't count your chickens 6.5 years early!
Just doing an absurdly premature victory lap. There is indeed oodles of time left for my prediction to blow up in my face. Nevertheless, I think Chris Barker's "long-standing, conservative" $2,000 price target for gold looks increasingly aggressive.