By csinvesting. Originally published at ValueWalk.
A relatively new guy on the PM analysts scene, Bo Polny was, to my knowledge, first mentioned by Jim Sinclair (Yes, Mr. Gold of the “Gold will never go below $1500” – fame) as his chartist. He used that notoriety to open a website (2020 Gold Forecast), establish a following and charge exorbitantly for a newsletter – which I believe is now has a less-detailed, more reasonable price structure option. He is characterized as passionate, animated, can speak technical-analysis double-speak using chartist-lingo and numerology, is occasionally religious (Shemitah) and has made ambitious, dated, calls – some of which we will include that have not been resolutely judged correct or not. He’s been around less than 3-years but has some wildly poor predications. Let’s see:
May 7, 2013 – Bo Polny: Silver Extremely Vulnerable to a Break of $22 Bottom – in this Polny stated that silver’s final bottom of $22 was ‘in’ but vulnerable [?!?] kind of riding the fence (it was $14.93 last I looked April 4th, 2016 – almost 3 years later – so, yeah – $22 was indeed ‘vulnerable’)
May 31, 2013 – Bo Polny: Gold Has Bottomed at $1321, to Rise into June 5th Turn Date – the following month after he stated this it went to $1190.
June 18, 2014 – Bo Polny: Gold- Up in June, Down into Summer & a Moon Shot to $2000 before Year END! – Gold closed that year at around $1205.
June 27, 2014 – Bo Polny: Gold Cycle Top June 27, Next a Summer Low Buy-Of-A-Lifetime Before $2000 Gold in 2014! – Actually, Gold never went above $1400 in 2014 and finished the year at $1205.
July 15, 2014 – A Final Summer Low Still Ahead as Gold’s Sabbatical Rest Comes to an End & Gold Heads to $10,000+! – a continuation of his more exaggerative predictions…
August 11, 2014 – BO POLNY: A 3-Year Gold ‘BEAR’ Market Ends & a 7-Year Gold ‘BULL’ Market Begins – no, Bo…
September 9, 2014 – BO POLNY: $2000 Gold, Next Stop! 7-Year Gold Cycle Targets $5,000 & $333 Silver – absurd but it tends to peak the interests of the gold and silverbugs who immediately start mentally converting their stacks into mega-dollars imagining their new wealth and what it can buy them… silly really.
October 9, 2014 – BO POLNY: Triple Bottom a Prelude to Runaway Gold & Silver Bull Markets – not surprisingly, nothing happened except a minor spike in the beginning of 2016 – over a year after he said it. More PM version of ‘Hopium’… which is how most of these charlatans extend their livelihood.
December 22, 2014 – BO POLNY: 2015, The Year of Devastation – it wasn’t… it was another year of Bo Polny’s incorrect predictions. I think he later claimed he was a year early because of some numerology faux-pas – what-ever.
January 12, 2015 – BO POLNY: Gold and Silver, a Parabolic Rise in 2015 – ‘Parabolic’ refers to something in the shape of a Parabola (‘U’) – analysts love this term as a fancy way of saying things will turn-around from lows back to highs. I’m sure you are aware – it didn’t transpire in his 2015 time-frame.
January 20, 2015 – Bo Polny – Are Precious Metals Getting Ready To Go Parabolic? – there’s that ‘parabolic’ word again. In retrospect, Bo – I can answer: “Ummm… No – not ready yet”.
March 27, 2015 – Bo Polny: BREATHTAKING Crash in USD Before Summer? – if ‘crash’ involves a lack of confidence – then the crash was in Bo Polny’s credibility.
May 18, 2015 – Bo Polny – It’s All Down from Here, Except Gold and Silver – Bo was calling for a major sell-off on the dollar and treasuries…. and being complimentary – he is, at best, premature.
June 4, 2015 – Bo Polny – Silver Short Squeeze Imminent! – ‘imminent’ is one of those less-fluid words that indicates immediacy – in fact Bo said in this article “In June 2015 the shorts will run to cover as Gold and Silver spike!” – Ohh Bo…sigh
June 14, 2015 – Majestic Gold & Silver Breakout, June 2015- Bo Polny – “Majestic”; possessing majesty; of lofty dignity or imposing aspect; stately; grand; not a word associated with Bo Polny.
‘June 18, 2015 – Three Digit Silver In 2016!’ – Bo Polny – of course, the year is not over but it seems less and less likely as each day goes by… the term ‘Three Digit” gets the Silverites brains congratulating themselves that they can mentally calculate that it means a minimum of $100. Bravo! Actually, at this point, the general consensus was that Bo was full of it…
August 4, 2015 – Bo Polny: $9000+ Gold & $1000 Silver if $1072 Holds! – $1072 held – Bo’s prediction didn’t.
August 13, 2015 – Bo Polny – Fasten Your Seat-Belt, Gold’s Next Cycle Targets $8000 – $10,000 – it must have been a slow-subscriber week for Bo… he did the equivalent of putting caffeine in the water cooler. “We love you Bo! tell us more about our millionaire status future!”
August 24, 2015 – Shemitah 2015, the Year of Jubilee and 3-Digit Silver…Putting it All Together! – 3-Digits again! Your Eagle coins are going to make you rich, guys and gals!
August 26, 2015 – $2000 Gold & $50 Silver this year! | Bo Polny – Bo goes out on a limb… of desperation. I think the tactic backfired as he was proven VERY wrong in only a few months… tsk, tsk. Silver never even got to 1/2 his called prediction.
September 23, 2015 – Bo Polny: September 23, 2015 – THE SHIFT BEGINS! out of ‘Bo following’
October 27, 2015 – All Hell Could Break Loose in Gold/Silver Prices, $100+ Silver 2016 – the best predictor of future behavior is past behavior and Mr. Polny has had too many of these absurd predictions.
January 17, 2016 – What Follows Will Be The BREAKOUT OF THE CENTURY FOR SILVER! – Bo Polny – okay, Bo… we will wait and see but your call is documented. But I think even the most hardcore Silverbug has lost faith in you…
February 16, 2016 – Gold to DOUBLE in 2016 – Bo Polny or Bo’s credibility takes its final plunge, agreed?
March 1, 2016 – Polny Sticks His Neck Out: “Gold to Double, Silver to TRIPLE in 2016!” – only triple for Silver? Bo’s really toned down from those triple-digit days – perhaps Bo doesn’t realize Silver is only $14+ change right now.
http://www.dvdbeaver.com/Gary/gold/bo_polny_failed_calls.htm
For laughs: https://www.gold2020forecast.com/
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Take a look at other precious metals “analysts”
Stewart Thomson writes the Graceland Updates.
I’m not a fan of Stewart Thomson – I find him arrogant, and a wholly inaccurate PM analyst – I consider him one of the worst. Let’s allow his wayward predictions speak for themselves:
“In late 2013, I predicted the Fed would taper all the way to zero in 2014, and suggested that taper would turn the Dow into a “wet noodle”, while creating a rally in gold prices. That’s the opposite of what most analysts thought would happen in 2014, and it’s exactly what has
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