22 Jun 2009

My Most Extreme Gold Call: Hey, this crow’s not bad. Tastes like chicken.

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I’m still in Florida recovering from my numerous trips. Tuesday morning I head back home (a 10-hour road trip). But an anonymous poster in a recent blog reminded me of this rash statement I made on January 23, 2009:

I don’t know why gold isn’t a lot higher, frankly. Part of it is the general drop in prices, I think, but that has surprised me. If gold doesn’t break $1,000 by summer then I don’t know what I’m talking about (at least in this arena).

Well, it’s officially summer, and gold hasn’t broken $1,000. I will do a postgame analysis once I’m settled back home, but for now let me just acknowledge that I didn’t know what I was talking about when I fired my mouth off in January.

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