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.

https://www.bullionvault.com/gold-news/gold-price-011420162

At the absolute secular low in gold in December 2015, Fortune magazine publishes a bearish piece.
http://fortune.com/2015/12/31/gold-prices-2016/

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.

http://fortune.com/2016/02/09/financial-market-stress-gold/

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