Forecasts - what are they worth
By GCRU Gold News on Friday, July 31 2015, 09:57 - Permalink
As per Bron's comments here
Forecasts, forecasts, everywhere
Martin Armstrong's calls here for perhaps 860 gold (1980 lows)
Gold – It Ain’t Over Until the Fat Lady Sings
Yet here he in 2010 Martin claims we should see gold at 5000 by year end 2015
A Total Eclipse Of The Economy
Is this no different from Deustche Banks recent calls for fair value being 750
Deutsche Bank says gold's fair value is $US750 an ounce
After making calls for 2,200 in 2012
Deutsche Bank lifts 2013, 2014 gold-price outlook
To wit they are simple trend following & there's little prescient knowledge either in timing or price.
Seems that way to me....
And I'm good just as good at guessing....