A Gold Forecast that Will Shock the World
"Here's just a brief summary of their hilarious views over the past few months:
Gold's Uptrend is Still Intact: Peter Schiff - Yahoo! Daily Ticker (Dec.6, 2012)
Gold at $5,000 and beyond: Peter Schiff sticks to his call - MarketWatch (Feb.13, 2013)
James Turk ups his $8,000 an ounce peak gold price forecast to $11,000 - Arabian Money (Jan. 6, 2013)
Gold Bets: John Paulson Loses $1 Billion - Hedge Co. (May 6, 2013)
Should it really surprise us the gold experts have been so badly wrong about the direction of bullion prices?
The fact is they ignore every important technical and fundamental data point that contradicts their bullish views.
Plus they have a heavily vested interest in being bullish on gold (GLD - News) and silver (SLV - News) because it's good for their businesses. Schiff and Turk both have large marketing enterprises that sell physical bullion to the public. Paulson rakes in hefty fees for making quarterly appearances about why he's still bullish on gold. "
finance.yahoo.com/news/gold-forecast-shock-world-201009034.html