don pedro

Will We See a Big Upward Move in Gold?

analysts are almost always wrong... take the opposite side of what the 'experts' consensus is......


On Dec 15 02:14 PM Jake2 wrote:

> "Last Thursday we highlighted consensus analyst estimates for the
> price of crude oil. Below we provide the consensus price target for
> gold through 2012. These target prices are based on the median of
> 21 gold analysts surveyed by Bloomberg.
>
> "As shown, analysts currently aren't expecting a big rally or a big
> decline in gold over the next few years. By mid-year 2009, analysts
> are expecting gold to be at $825/ounce, which is less than $10 from
> its current price of $816. At the end of 2011, analysts expect gold
> to be down to $790, and then down to $762 by the end of 2012."

>
> Excert from a post by Bespoke Investment Group
>

Will We See a Big Upward Move in Gold?

hey hedgeman,

like your statement: Bubble "order" - Equity - Realestate - Commodity - Precious Metals

this came to my mind yesterday although i thought that a precious metals bubble will come first, then commodities. as always, the time to get out of each is when housewife's start to have meetings to discuss their various 'strategies' and 20/20 runs a show on how college dropouts are getting rich with something
:-)