Barry Ritholtz says Gold to Drop 20%-30% next year

[D-Mack]

Re: Barry Ritholtz 20%-30% Gold correction off to a slow start

Because the link is to a live picture and the link is the same every day

Barry is a voice I respect and he is forecasting a Gold Drop of 20 to 30% next
Year 2010. This has got me slightly uncomfortable. He is usually right although
he was predicting Gold of $1350/oz even a few weeks ago.

He still could be right with 1350

[mliu_01]

Re: Barry Ritholtz says Gold to Drop 20%-30% next year

The only arguement to support his claim is that: Rusia went through all that revolutions in the past 200 years. The situation isn't that bad at all. There are no wild stuff going on street. System did not collapse. And People lived through it just fine LOL What an idiot!!!! I guess people only die in the movie. In the real world everything is just fine.

After 30 trillions of bailout we are still in "mild recession" the guy can't differentiate between Euro crash and dollar stronger. Dollar did not get stronger, it is just other currencies went weaker.

For anyone who talk about gold drop without mentioning the money printing and the comming entitlement programs running out of money is not worth of listening.

[metalman]

Re: Barry Ritholtz says Gold to Drop 20%-30% next year

The only arguement to support his claim is that: Rusia went through all that revolutions in the past 200 years. The situation isn't that bad at all. There are no wild stuff going on street. System did not collapse. And People lived through it just fine LOL What an idiot!!!! I guess people only die in the movie. In the real world everything is just fine.

After 30 trillions of bailout we are still in "mild recession" the guy can't differentiate between Euro crash and dollar stronger. Dollar did not get stronger, it is just other currencies went weaker.

For anyone who talk about gold drop without mentioning the money printing and the comming entitlement programs running out of money is not worth of listening.

barry doesn't really 'get' gold.

[Southernguy]

Re: Barry Ritholtz says Gold to Drop 20%-30% next year

Hope Mr. Ritholz is right.....buy much more gold...je je je

[Gnosis]

Re: Barry Ritholtz 20%-30% Gold correction off to a slow start

One small seismic event now somewhere in the geopolitical world, whether natural or man made, will spike gold to new highs. Feel the global tension? Hold gold.