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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.



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  3. #2

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    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."
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  4. #3

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    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

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    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

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    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 ....






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