Gold Price Rally Surprises 30 Top World Experts

gold coins price
Written by Mike Hammer

Your friendly Gold Enthusiast hates predicting gold prices.  History shows it’s a fool’s errand; you’re wrong WAAAY more often than you’re right.  But 30 fearless analysts took up the challenge in the 2019 London Bullion Market Association’s annual contest.  The prediction required isn’t the price at the end of the year, it’s the average price across the entire year – so a bit different than most people trade.

The results are telling about the differences between perception, expectation, and reality – the winner was the most bullish on price but still undershot the year’s average.  Meaning EVERY PREDICTION was too low!  Yet somehow the myth persists that gold is “worthless” or not worth trading… weird.  Read more about the contest and see the final results tally in today’s featured article.

Continue reading at Mining.com

About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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