Well, Well, Yet another great prediction for the price of gold during 2013;

Wien’s Predictions

Blackstone Group LP’s Byron Wien, whose prediction for the U.S. stock market in 2012 proved accurate, said the S&P 500 will fall below 1,300 this year and European stocks will decline 10 percent.

Gold will climb to $1,900 an ounce and financial stocks will reverse their gains from last year, Wien, chairman of Blackstone’s advisory services unit, said in his annual “10 Surprises” list published since 1986. The Shanghai Composite Index will rally 20 percent in 2013, he said. His current forecast for the S&P 500 implies an 8.9 percent drop from last year’s closing level.

Hopefully the part about gold prices will come true and his market predictions will be bogus. Apparently this dude has been very accurate with his 10 surprises list in the past including last year.

Good luck getting the good ship Argonaught turned around in the near future. Go North young men, not South nor West nor even East.

Doc