I've seen some bearish price forecasts for $GOLD but none as low as yours.
Even if the price gets only halfway down to that target, we'll see a number of the miners go the way of the dodo. But sub $500 and it will be last miner standing territory. We'll find out which entity had the best hedge book.
Back at the beginning of Feb, you gave a bleak long-range forecast on gold.
We've since seen a triple top in the 1364 to 1369 range. Has been all down hill since April. Has bounced a bit from last month's 1167 low but seems to keep running into resistance in the 1200 to 1210 range.
Just wondering if you have an intermediate-term forecast for gold?