Bo Polny posts a new written update on his web site. You can read it here. He has not changed his forecast and is still calling for a sharp move up in gold by summer. He adds in this update that gold may flounder around right up until it makes the move he believes will happen soon. It's mid February now so there are only about 4 and 1/2 more months left in the time frame he gave for gold to go sharply higher.
For those who are keeping track. Last year Bo forecasted gold would make a move to $2000 by year end of 2014. That move did not happen, but he revised that forecast and moved his target date to "mid 2015" which we will interpret as June or July. Clearly, in order to hit that target date, gold will have to move very sharply higher at some point between now and then. If he does hit that forecast, he has also forecasted a sharp drop in the US stock market as well.
We will continue to follow it here.
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