Doug Kass expects gold to plunge 25% next year, counting the metal among the worst performing asset classes in 2011. It's a simple matter of a frothy market that has too many bulls and not enough bears, he says. But note that Kass' annual predictions haven't fared too well. [View news story]
Well, zero hedge should check their facts first, this is actually one of his 20 surprises for 2011, emphasis on surprise....
Doug Kass expects gold to plunge 25% next year, counting the metal among the worst performing asset classes in 2011. It's a simple matter of a frothy market that has too many bulls and not enough bears, he says. But note that Kass' annual predictions haven't fared too well. [View news story]