Bank of America Merrill Lynch
Down 4% today, gold is now 20% from its September 2011 high, which means it's in a bear market.
We've heard some ultra-bulls say with a straight face that gold was heading for the stratosphere.
For whatever reason, they argued that it could be worth multiples of where it is today. We've heard targets from $5,000 to $10,000.
There was even a rationale for gold at $46,000/Oz.
With prices plummeting, we thought it would be a good time to revisit some of the wildest gold price targets we've heard in the last year.