Over the past year we covered the bold prediction by Bo Polny that gold would make a move to $2000. Originally, he predicted this move take place by December 2014. When that did not happen, he revised his forecast to "before summer" of 2015. In recent interviews he continued to define "before summer" as by June 21st (when summer begins).
Well, here we are with one week left to go and no spike up in gold has happened. So, what is Bo saying with one week left to go? You can find that here:
He is still standing by his prediction, but has now tweaked it again in two ways. He now says that the actual price target achieved is not critical, just that gold has a sharp spike upwards. In this latest article he has moved back the date yet again to July 1st. Readers can decide for themselves how well his forecast turns out after next week. If you are inclined to be generous, you can give it til the end of June.
If there is no spike upward in gold by the end of June, we will have to call this one and say that the cycle model Bo is using to make his forecasts did not work on this call. We'll check back at the end of June for a final determination. It does not seem likely to happen looking at it today, but we'll wait and see how it turns out.
Added note: If you would like to see our original post on this from back in August 2014, you can do that by clicking here. Here was an update we posted in September 2014 and another we posted in January 2015.