We promised to track the bold market predictions of Bo Polny since he is forecasting a severe stock market decline next year. We noted that we can follow his gold price forecast first to see how that works out. Today he released another public update since gold has fallen below his earlier "summer low" price of $1281 made on 8-1-14.
Is he still confident gold will move to $2000? Yes he is. Here is his latest update.
While it will be interesting to watch and see how well he hits his gold (and silver) price predictions, this quote from his update today caught my attention:
"As Gold rises to $5000, a devastating deflationary crash cycle will grab hold of the stock market and unlike the previous recession that followed the collapse of 2008, there is now way out of the one. It’s going to go from bad to worse to terrible and our world will change forever!"