22 January 2014

How accurate are the LBMA gold & silver forecasts

I've got a post up on the corporate blog on the LBMA 2014 forecasts, which are predicting a pretty flat year. I was a bit underwhelmed by them, so I went back to 2007 and graphed their forecast against the actual yearly average to see how accurate the contributors, as a group, were. Unfortunately they are pretty good, but I'm hoping for another repeat of their poor 2013 effort. Make up your own mind whether you want to pay attention to them for 2014.

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