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.