We've just passed the middle of the year, so it's time to get your fortune-telling cap on.
Where do you think the price of gold will be on Dec 31, 2012?
We'll revist these results at the end of the year to see how accurate this community's predictive powers are.
It seems to me that gold behaves in many ways: as an inflation hedge, as a safe haven, and as speculative investment that can be purchased with leverage, as well as a manipulable commodity that can be easily knocked down by the COMEX raising reserve requirements.
Poet
The price will probably be higher or lower than it is today.
The price movements to get there will have been traded accordingly.
GLD is optionable and moves for days.
I don't think it'll change a whole lot until the ETF fiasco and the overselling is revealed.
Most investors are still mired under economic Stockholms syndrome (inadvertant pun), and the controlling agents are doing a fine job of keeping the illusion of equilibrium.
For that reason, I think the end of the year will see gold ~$1800/oz.
Good for us.
Cheers,
Aaron
Our prections are distributed in a near-perfect bell curve, which will offer bragging rights to the outliers on one end if our mean/median forecast of $1,750-$2,000/oz doesn't come true at the end of the year.
We'll resurface this poll at New Year's to see how precise this prediction was.
See you in 6 months!
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