Results 1 to 5 of 5

Thread: [Chart] Financial analyst gold price forecast failure 2007-2011

  1. #1

    Lightbulb [Chart] Financial analyst gold price forecast failure 2007-2011



    Another sign that we're not in a bubble yet. Analysts would project insane price targets rising to eternity:



    Found the chart here:
    http://dailyreckoning.com/this-x-fac...f-gold-stocks/

    The author correctly notices that these price projections negatively influence the performance of pm miners.



  2. Remove this section of ads by registering.
  3. #2

    Default

    Peter Schiff said gold was going to hit $2000 in 2009. http://www.goldstockbull.com/article...-gold-in-2009/

    Now is saying $5,000 (without a timetable this time). http://www.moneynews.com/StreetTalk/...1/21/id/465024

    He also said that in 2009. http://www.dailyfinance.com/2009/09/...but-is-he-rea/
    True, Schiff didn't say it was a certainty -- just that it wouldn't surprise him if the yellow metal hits that level in the "next couple of years."
    "I think we never get the candidate we exactly want unless you're the candidate." Rand Paul.

    "If everyone is thinking alike, then somebody isn't thinking." - George S. Patton

    I am Zippy and I approve of this post. But you don't have to.

  4. #3

    Default

    Quote Originally Posted by swissaustrian View Post
    Another sign that we're not in a bubble yet. Analysts would project insane price targets rising to eternity:

    It's funny, you can almost put dialogue to it:

    DEAR GOLD DIARY, WE PREDICT:

    2007: A small one year uptick, followed by a three year steady fall.
    2008: Correction: Two years of flatness, then a slow steady fall.
    2009: OK, fine, let's go back to a one year uptick, one year flat, then a steady fall.
    2010: Alright, this is bull$#@!. Just one more year of an uptick, but that's it. Big fall afterward.
    2011: SHEESH! OK, one more year of climbing, but then a slow-down to a stall, followed by a crash.
    2012: ::: sigh ::: Well, at least we continued to get the one year climbing part right. One more year of that, followed by a steep crash.


    What's really interesting is that if you follow the trajectory of the last four curves, they all converge on ~$800/oz. Forecasting from a prior assumption?

  5. #4

    Default

    Quote Originally Posted by Zippyjuan View Post
    Peter Schiff said gold was going to hit $2000 in 2009. http://www.goldstockbull.com/article...-gold-in-2009/

    Now is saying $5,000 (without a timetable this time). http://www.moneynews.com/StreetTalk/...1/21/id/465024

    He also said that in 2009. http://www.dailyfinance.com/2009/09/...but-is-he-rea/
    I have no real idea , except that it will be more than I paid and probably more than I am paying now ....

  6. #5

    Default

    And if I am wrong Wife , gets a nice new hot tub when I am gone, it will never be worth what my GM stock was ....






Similar Threads

  1. Replies: 21
    Last Post: 04-16-2013, 05:32 PM
  2. Replies: 32
    Last Post: 12-13-2012, 10:22 AM
  3. PMs: [Chart] Gold price vs. balance sheets of major central banks 1999-2012
    By swissaustrian in forum Economy & Markets
    Replies: 2
    Last Post: 12-12-2012, 04:24 PM
  4. Replies: 15
    Last Post: 11-20-2009, 02:53 PM
  5. Chart that shows price of oil constant in term so gold?
    By Thrashertm in forum Economy & Markets
    Replies: 5
    Last Post: 04-11-2008, 08:16 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •