RE:RE:RE:RE:RE:RE:RE:RE:RE:the problem with NXE is that they seem to wantWhat is the track record of trading economics giz? Before I would give any forecasts any credence and certainly before posting material it would be wonderful to know how many times they have been right or wrong on any commodity. Simple guesswork gives you a 50/50 chance of being right or wrong on a one of two heads/tails selection.So actually forecastin price to the nearest cent seems quite laughable to me.
There are far too many variables and even the most well respected forecasters have been consistently wrong on Uranium.
So let me tell you a story. Way back in 1998 a guy I knew....a struggling employee.....was looking for a way to make money rather than working 9 to 5 in the big city. Against ALL the experts opinions and ALL the experts forecasts the fool invested in gold. What an idiot!!! The Bank of England was busy unloading its gold reserves as were other major banks around the world. Gold was dead. All the experts forecast the end of gold. All the algorithms and all the talking heads (who are always right!!) said so. Others were investing in the "tech revolution". You know companies with an idea and no assets. Every paycheque he bought an ounce or two of gold and all his (sizable) annual bonus cheques went to gold. I recall to this day the total derision of people when he told them what he was doing. Dumb guy about to lose his shirt.
That dumb guy sold his gold in 2010- 2011 for close to a million dollars. Missed the peak a little but he figured that was enough to retire on together with his Apple investment.
I know the guy very well....it was me.
So do you REALLY think that I would take note of such forecasts. I would be more accurate throwing darts at a dart board.
I will record these forecasts and when the time comes I will repost to see how accurate they are.
Malcolm