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12/21/15

How to predict the gold price, Doug Casey edition

Follow the bouncing ball, people:

  • December 2012 gold $1,700/oz: "There's never been a better time to buy and own gold."
  • December 2013 gold at $1,220/oz: "Gold's just about at the bottom, so buy now and you'll be okay."
  • December 2014 gold at $1,180/oz: "Gold's just about at the bottom, so buy now and you'll be okay."
  • December 2015 gold at $1,080/oz: "Gold's just about at the bottom, so buy now and you'll be okay."
  • December 2016: "With gold now trading at $1,200/oz my brilliant and perceptive prediction this time last year has made Casey Research subscribers many millions of dollars profit".

Or as PT Barnum put it, "Every crowd has a silver lining".