25 February 2008

Revisiting Our Gold Forecast from May 2007

"We were staring into an abyss as the price
of gold rose in September,1999."

Sir Edward George, Bank of England


The forecast we put out for Continuous Contract Gold in May 4, 2007
projected we would hit a high of 1,050 per ounce and end the year
roughly at 1,000 per ounce.


Here is the detailed forecast as we put it out almost a year ago.



















Here is how things have actually turned out.







We are working on a new forecast and
hope to put it out here sometime in early March.







Theme for 2008: Back to the Abyss