Following Doug Kass' Prediction Of A 25% Drop In Gold, Here Is How His Other Recent Forecasts Have Fared

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Tue, 12/21/2010 - 10:17 | 820647 citationneeded
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Ok, fair, his predictions are worthless, but he did call the bottom this year (the second call) which he was mocked here for.

Tue, 12/21/2010 - 10:24 | 820667 Tyler Durden
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He also subsequently called the "top" about three times, a call(s) for which he was not mocked: one example being this one from October 28. Point being "calling" market inflection points is about the most useless activity one can engage in.

Tue, 12/21/2010 - 12:34 | 821082 citationneeded
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Tue, 12/21/2010 - 15:05 | 821687 freemarketfantasy
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Even a broken clock is right twice a day.

Tue, 12/21/2010 - 10:18 | 820649 rocker
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One must ask ?     Is Doug Kass the CNBC contra-contributor ! 

Tue, 12/21/2010 - 18:08 | 822289 suckapump
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Maybe it's so CNBC can point to whatever talking head was most accurate for any given prediction after the dust settles and say, "See? We were right! You should trust us in our future predictions!" That is of course, without reconciling on how to choose between mutually exclusive propositions, but those are just minor details....

Tue, 12/21/2010 - 10:18 | 820650 TWORIVER
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Setting up to be an interesting day with this early reversal in metals.

Tue, 12/21/2010 - 10:40 | 820715 JonNadler
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Tyler, please keep posting these, am begging you!


metals underperform.

The price of gold topples. Gold's price plummets to $900 an ounce

Central banks tighten


Tue, 12/21/2010 - 10:17 | 820651 Xibalba
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This from the guy who said Goldman would fold and go private this year....

Tue, 12/21/2010 - 11:44 | 820876 AccreditedEYE
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Going private is not "folding" Xibalba

Tue, 12/21/2010 - 10:20 | 820653 Jupiter
Jupiter's picture


This guy should be a novelist.


How do I get a job like this, seriously?



Tue, 12/21/2010 - 12:47 | 821146 JonNadler
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well, we're not going to tell you how to get a job where your predictions can ALWAYS be wrong and you're still consulted by media outlets like Bloomberg an CNBS.

I've been calling for gold to crash for years and am still the senior ANAL-ist at Kitco

Tue, 12/21/2010 - 10:21 | 820654 youngman
youngman's picture

A big raid under way right now....this nex 10 days of trading are going to be a wild ride i think...I think there is a shortage of the real stuff....and the paper pushers are nervous....but they also have the computers..

Tue, 12/21/2010 - 10:22 | 820659 SheepDog-One
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None of these people saw 2008 melt down comin, theyre no gurus.

Tue, 12/21/2010 - 10:25 | 820668 Whatta
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I predict most of Kass's predictions are toilet paper.

I predict in 2011 an ambiguous threat on an unannounced party will have more, or less, consequences than previously thought.

I further predict that gold and silver will continue to be the investment of choice by some, and not so much, by others.

Tue, 12/21/2010 - 10:28 | 820685 Miramanee
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I'm long toilet paper, but short shit.

Tue, 12/21/2010 - 10:33 | 820702 Pladizow
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The opposite of Kass!

Tue, 12/21/2010 - 11:00 | 820767 Don Birnam
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Tue, 12/21/2010 - 10:25 | 820672 Cognitive Dissonance
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Some one or thing is playing around with Gold right now.

Tue, 12/21/2010 - 10:52 | 820747 Miss Expectations
Miss Expectations's picture

These Things will not bite you.
They want to have fun.
Then, out of the box
Came Thing Two and Thing One!

Tue, 12/21/2010 - 10:55 | 820756 Cognitive Dissonance
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Nothing like Dr. Seuss and Miss Expectation to put things in perspective. :>)

Tue, 12/21/2010 - 11:20 | 820802 tmosley
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The move up and the move down appear to have seperate causes.  I think the move up in gold was caused by the sudden USDX downturn, while the move down was caused by the PM fix.

Nothing out of the ordinary just here (as price manipulation is standard in ALL markets these days).

Tue, 12/21/2010 - 10:26 | 820677 goldmiddelfinger
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Worthless drec

Tue, 12/21/2010 - 10:26 | 820681 Miramanee
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C'mon seven!

Tue, 12/21/2010 - 10:27 | 820682 Kaiser Sousa
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so fucking criminal...over and over the same predictable fraud


Tue, 12/21/2010 - 10:30 | 820687 Miramanee
Tue, 12/21/2010 - 10:27 | 820684 AGoldhamster
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And white witch Blythe did it again ... just as expected

Tue, 12/21/2010 - 10:29 | 820690 Alex Lionson
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Yes! And Oil will fall and Cotton will Drop and Sugar will decline and Corn will plunge and so on and so forth! Well said Mr Kass. You should have added and from then on there will be a Paradise located in the greater NYC Area!

Tue, 12/21/2010 - 10:31 | 820695 Pladizow
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That interview was literally the first half of the Oaktree letter plagiarized.

If Kass cant even come up with an original thought, why listen to his predictions?

Tue, 12/21/2010 - 10:31 | 820697 New Revolution
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Was that Doug Kass,.... or Jack Kass?

Tue, 12/21/2010 - 11:38 | 820847 TheProphet
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...or Hugh Jass.

Tue, 12/21/2010 - 10:31 | 820698 Kaiser Sousa
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Date: Tue, December 21, 2010 6:25:06 AM
Subject: So Obvious.....
doesnt seem like we're getting any help out here.....

Tue, 12/21/2010 - 10:35 | 820707 Vergeltung
Vergeltung's picture

he was so spot-on with that "Republican Party in disarray".....

wait, he wasn't?


Tue, 12/21/2010 - 10:39 | 820714 SheepDog-One
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These people are all just shills, repeating what theyve been told to say. They know nothing.

Tue, 12/21/2010 - 10:38 | 820711 trav7777
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was he crazy?  I guess he called for 900 when it was 1000 or something.

but, the NeObama popularity shit was...huh?  Democrap tsunami???  This was 2010?!?!  How much MORE assbackwards could he've gotten?

Tue, 12/21/2010 - 10:40 | 820719 RobotTrader
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Looks like Blythe Masters is shoveling out more "short gold at market" order tickets at the COMEX.

Tue, 12/21/2010 - 11:46 | 820887 AccreditedEYE
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Good... God Robo.... horrific. I didn't need to be subjected to that.

Tue, 12/21/2010 - 13:06 | 821227 gmrpeabody
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None of us deserved it...

Tue, 12/21/2010 - 10:44 | 820729 JonNadler
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And the funny thing is goldbugs are praying for a 25% drop!

1050 would be a an answer to prayer for them. THankfully for me they won't be able to buy any physical, because you won't find any anyway near 1050

Tue, 12/21/2010 - 11:31 | 820826 Sudden Debt
Sudden Debt's picture

That could be the first decoupling from physical and paper and could bring down the entire paper markets and start another crisis. UNLESS they have about 15 to 20 billion in physical laying arround to serve the needs of the markets at paperprice.

But indeed, if it breaks and the markets offer, all will be bought out in less then a week.

Tue, 12/21/2010 - 10:44 | 820731 Hal n back
Hal n back's picture

since steinbrenner kicked the bucket in 2010--there is no estate tax.

Tue, 12/21/2010 - 10:46 | 820734 TradingJoe
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Oh well right now pretty much everyone and their mom's are saying either PMs will rise even more and/or PMs will "correct", I say BullShitttttt! Who ever has PMs in Physical rather then paper, have no fear! Even if it should go lower, a better opportunity to load up on more Physical!?! Go for coins and small bullions, the ones you can trade in, should it be necessary, store anything that is storable, it may take a while for this "scenario" to unfold but you can't be prepared too early! Everything else is NOISE!

Tue, 12/21/2010 - 10:47 | 820735 israhole
israhole's picture

"Dougie" Kass, as the Mishpucka call him, is a drunkard.

Tue, 12/21/2010 - 10:52 | 820748 Silverhog
Silverhog's picture

Picture of that woman is disgusting. She needs to get that mole tested.

Tue, 12/21/2010 - 11:22 | 820804 Doctor sahab
Doctor sahab's picture

agreed. she ought to use the cig and burn it

Tue, 12/21/2010 - 11:36 | 820843 Sudden Debt
Sudden Debt's picture

please explain your fascination for the picture and why you scanned it.


because I scrolled down so fast, I never saw that :)

Tue, 12/21/2010 - 12:07 | 820968 ColonelCooper
ColonelCooper's picture

Keep drinking. She'll start to look better.

Tue, 12/21/2010 - 12:21 | 821021 Cognitive Dissonance
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That's what my first wife said about me. :>)

Tue, 12/21/2010 - 10:53 | 820753 Hal n back
Hal n back's picture

got to remember that the "folks" that appear on TV are looking for attention and fame and have to say things that are on the edge to get attention.


Tue, 12/21/2010 - 11:04 | 820774 Oh regional Indian
Oh regional Indian's picture

Read like a child's predictions. 

Half looks like a joke-set. Tiger woods reconciliation?



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