Friday, October 27, 2017

Top Gold Forecasters Gone Bad

I must be sociopathic.  I enjoy "top forecasters" on gold being proven wrong.  Here are some examples.

At the absolute secular low in gold in December 2015, Fortune magazine publishes a bearish piece.

As soon as that article above goes to print, gold goes on a tear, prompting Forbes to flip six weeks later.  The tried and true axiom of being a contrarian against conventional wisdom absolutely applies with financial markets.

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