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Gazing into their crystal balls last week, Wall Street firms interpreted differing futures for gold next year.
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Us journos regularly being issued with one of those crystal balls that banish all uncertainty about the future sort of thing.
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But like all market crystal balls, this one is far from infallible.
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Always remember that market prognosticators tend to operate with cracked crystal balls.
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Of course, intellectual brilliance has yet to prove that it is more likely to produce reliable forecasts of the future than crystal balls.
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Last year, the organizers asked speakers to peer into their crystal balls and try to predict what Broadway would look like in 2032.
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When we stare into our crystal balls and try to predict the future, often as not we predict the possible troubling implications of this or that technology.
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But wise investors know that crystal balls do not exist.
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It is yet another tool in our collection of crystal balls for the economy and, if read correctly, is a great way to add some valuable holdings to a portfolio.
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Those investors most disillusioned this year had probably fallen victim to the most pernicious myth of investment folklore: that professionals have crystal balls, telling them to switch into, say, cash just before a stockmarket dip.
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The threat of further terrorism, fighting in the Middle East (with its repercussions for the oil price) and maybe a transatlantic trade war, conjuring up ghastly parallels with the 1930s, have all clouded their crystal balls further.
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