Quote Originally Posted by Ski View Post
Heard some very disturbing things about the economy over the weekend from a reliable source in the upper echelons of the financial world:

Gold to hit $2000 - by summer of 2010
Oil to hit $130 a barrel - by summer of 2010
Unemployment in the US may hit 15% (U3) before stabilizing - end of 2010
I'd be careful about listening to anyone who claims to know what gold, oil, or any other commodity will cost 9 months from now. There are a lot of variables in the picture and nobody really knows. Barring a significant supply disruption, oil at $130 would suggest a pretty robust recovery, as demand would have to notch up considerably to support that kind of price, and demand increases with economic activity. That kind of recovery would not be likely to drive the price of gold to $2000.

Not impossible, but it doesn't seem the likeliest scenario.