Analysts seem surprised that Gold is getting hammered (chart about and commentary here). Crude Oil is also taking a beating. Please see my post from July 8, 2014 (here) and recall that analysts were predicting Gold to hit $1450 an ounce before the end of 2015. My forecast from last year remains unchanged.
Note that the Financial Forecast Center is also prediction a decline in the price of Gold (here and in the chart above) and Oil (here and in the chart below).
No comments:
Post a Comment