Duck! and Gather

Prediction #7 Update

Posted on: December 15, 2007

Three years and one month ago, I made the following prediction:

The North Sea Brent crude oil spot price will hit $100/barrel; the Kitco 24 hour spot gold (bid) price will hit $1000/ounce.

At the time I made that prediction (12/4/04), Brent crude was trading at around $40/barrel; Kitco gold at around $450/ounce.

Fast forwarding to the past month, we’ve seen Brent crude clear $95/barrel; Kitco gold, over $840/ounce.

With almost a year left to run on this prediction, I’d say it’s looking “more likely than not” that I’ll be collecting that ounce of gold from my PhD friend.

Hey, I’m just sayin’.

3 Responses to "Prediction #7 Update"

What do you think about this Black Monday thing today?

The first thing I thought of when my mother-in-law came to tell me about the stock market crash today, (other than shit, I hope we’re not affected too badly), is, “I wonder what Duck and Gather’s take on this is”.

Black Monday? It’s just the start.

Comments are closed.

for the money has gone too far

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