In January I blogged about Mahendra's bearish forecast for gold, silver, and oil. As you know, Mahendra is an astrolger and prophet from Kenya who issues financial predictions.
Good thing I ignored his predictions, because gold and silver have risen substantially since January. Gold was below $550 the week of January 13th, and closed Friday at $587.80 . Silver was in the low $9 range that week and on Friday it closed at $12.05. Oil did go down a bit in February but it's back up to $67.43 for WTI on Friday. It certainly was nowhere close to Mahendra's predicted bottom of $44.80.
Interestingly, the link to the bearish prediction on his website no longer works. Hmmm.
It's a good thing I ignored Mahendra and held on to my oil and precious metals.