No worries. Rennie is a Vancouver real estate developer/marketer.

Sorry. Yes, I would urge everyone to take anybody's word with a grain of salt, most especially when they have a vested interest in their prediction going their way. David Lereah talked up US real estate right up to and through the peak. Now that he's no longer with the NAR, he's saying they're nowhere near the bottom.

Of course GoldCorp/Barrick/Agnico want and expect the POG to rise. It's good for them, their company's profits, their share prices and their options packages. What would you expect them to say? That gold is headed to $400?

That said, IMHO (which is decidedly biased and not worth a grain of the salt that falls off Kevin McArthur's opinions), I think the POG is going to consoidate around these levels before heading higher.