Wednesday, May 28, 2014

Morgan Stanley sees all and controls the future

A couple of weeks after having their prediction broken, Morgan Stanley's crystal ball proves all knowing and all seeing. Gold was crushed from the 1300 level to the 1250s in less than two days. I'm starting to get used to the ideas of MMT and the end of all markets (except for labor).

Monday, May 5, 2014

Morgan Stanley prediction fails within 5 days

From this article titled Morgan Stanley: gold price won't see $1,300 again:
The gold price on Tuesday continued to hover below the $1,300 an ounce level, down more than $80 an ounce from 2014 highs reached mid-March. US investment bank Morgan Stanley added to the negative sentiment, forecasting the gold price to average $1,250 this quarter, decline to an average $1,168 in the second half of 2014 and weaken further to $1,138 next year.

And this morning from

There are a dozen failed market predictions like this every week, not all about gold or commodities, from the highly compensated investment banks. The joke is on the thousands of low IQ clients paying for the advice.