Thanks mzsmith - nice to know what people are saying on the gold bear side.

There is an old saying in academia - only those with the most outrageous, "outlier" points of view get cited. To get noticed, you have to say something really far-out. That is what that guy in the CNBC article was doing.

He is hoping to get lucky and call himself a brilliant prognosticator, via "survivorship bias" - shouting out about only your past guesses that just happened to turn out to be right, by chance, and disowning the other guesses, pretending they never happened.

Too bad for him that gold just shot up from $789 to $816 today. So much for his bear call.