Gold Seen Topping $5,000 Within a Year as Silver Forecast to Surge Past $94 - BigGo Finance
Gold Seen Topping $5,000 Within a Year as Silver Forecast to Surge Past $94 - BigGo Finance
Source: BigGo Finance
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DW NOTE
Forecasts are not facts. Gold is at $4,138, not $5,000, and silver is at $60, not $94 — both down sharply from their January peaks during the worst of the Strait closure. The analyst issuing this call is presumably the same species that predicted triple-digit oil before WTI fell 22% from its highs. Markets have already priced eight months of a closed Strait; what matters now is whether the energy shock deepens or resolves, not whether someone can extrapolate a trendline.