Wednesday, January 29, 2014

Ritholtz on gold in mid-December

Here's Barry Ritholtz on gold:

I don't know how the heck he can possibly expect gold to get to $600-$800.

What are the world economic conditions that he expects to see that would drive the price of gold so low? Annihilation of emerging market economies? Collapse in mining costs?

But a lot of his other points, e.g. the goldbug narrative and gold being able to bounce to $1400, actually are the types of things I agree with.

We'll have to see if he ends up being right over the next few years.

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