Wednesday, February 8, 2012
Phil Flynn: A Better Future for Price Predictions
Of course it wasn't always their fault. You see there was an era of denial about the reasons for the bull market and if the EIA dared come out about the odds for sharply higher prices, they might have been accused of feeding into the bullish frenzy. The EIA really had to be careful about stepping out about a bullish price projection even if deep within the walls of the Department of Energy they felt that higher price were a possibility.
That restraint sometimes led to conservative calls that were meant not to rattle a market that was already looking for an excuse, any excuse, to reflect the reality of increasingly bullish fundamentals.....Read the entire article.
Was Friday’s Price Action in Gold Signaling a Top in the S&P 500?