Forecasts - who needs them

IF YOU’RE an analyst who, a year ago, predicted gold would be hovering around $US750 an ounce this month, then please step forward. The Outcrop by Robin Bromby.

Or if, in September 2007, you produced a report that foresaw that lead’s price would soar more than 150% over the coming 12 months, then also step forward.

We won’t hold our breaths for that to occur.