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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.47-0.2%Dec 5 4:00 PM EST
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To: TobagoJack who wrote (59215)12/21/2009 8:23:25 PM
From: Taikun2 Recommendations  Read Replies (1) of 218200
 
The Prophet Doug Kass on gold (as Black Swan's Taleb says, a monkey throwing darts will produce better returns):

Doug Kass posted his 20 Surprises for 2010 today and number four is, “The price of gold topples” - Kass wrote, “Gold’s price plummets to $900 an ounce by the beginning of second quarter 2010. Unhedged, publicly held gold companies report large losses, and the gold sector lies at the bottom of all major sector performers. Hedge fund manager John Paulson abandons his plan to bring a new dedicated gold hedge fund to market.”
goldalert.com

And last year:

"20 Surprises for 2009" article. Prediction number 7:

"Commodities markets remain subdued. Despite an improving domestic economy, a further erosion in the Western European and Chinese economies weighs on the world's commodities markets. Gold never reaches $1,000 an ounce and trades at $500 an ounce at some point during the year. (Gold-related shares are among 2009's worst stock market performers.) The price of crude oil briefly rallies early in the year after a step up in the violence in the Middle East but trades in a broad $25 to $65 range for all of 2009 as President Obama successfully introduces aggressive and meaningful legislation aimed at reducing our reliance on imported oil. The price of gasoline briefly breaches $1.00 a gallon sometime in the year. The U.S. dollar outperforms most of the world's currencies as the U.S. regains its place as an economic and political powerhouse

wealth-ed.com
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