02 May 2008

Annual Gold Forecast


Price basis is the continuous gold contract price, aka 'spot.' At time of posting it is $850.

Be sure to read the 'fine print' on the chart. There are some important caveats.

We are heading into rough economic and geopolitical waters. Looking forward by early 2010 the weight of exogenous shocks and scandals could be rather surprising to some.

Several masters of the universe will be falling from the heights with their thrones following, providing rather pretty comet-like displays for the children. Their motto might be 'hubris: they just did not know when to quit.'