Kudos to Gary, Rick and Doc. Here’s Doc
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Doc stands by his call that mid May will be a great time to buy precious metals stocks.
Hi original jj.
Unfortunately our system is not allowing Doc to comment right now (we are looking into it) but he wanted me to pass along this message to you.
Your comment is excellent. Doc believes we break out of the bollinger bands this time to the upside. We’ll know in the the next 3-5 weeks—-that’s his bet.
Thanks for the comment original!
thanks Cory for taking the time…I really appreciate! ….its going to bust a move lets see which way unfolds …good luck shorts and longs
Wait a minute. The title is misleading.
How can they all be right. Just a week or two ago all three made different predictions about gold. Doc predicted a grinding down. Gary predicted a big fall. Rick predicted upside targets of 1350 and 1431. In fact, he guaranteed at least 1350.
Doc was right.
Gary is right so far but whether there is a big fall remains to be seen
Rick was wrong.
Thanks PF,
Over that course, I believe that the general consensus was gold down for a while. You are correct about Rick in a sense. He also predicted some interesting lows.
Thanks
“next week is the 3rd anniv of Silvers fall from the heavens.”
I must disagree, in my view silver never made it to heaven yet.
It is still in a hell manipulated by the banksters and other special interests.
All joking aside Steven when I get long again Silver is where the majority of my position will be vs gold as gold did make new historic highs (not inflation adjusted) but Silver did not so imo it has far more % gains………………eventually!
Most silver investors lived through Hell or are still in the heat
THE “GOLDEN DAYS OF SILVER” are ahead of us…there is NO DOUBT about it….
NO DOUBT about it…you sure of that?
Keep dreaming and drinking the cool aid
Strawberry or fruity punch……
Okay, it is close to a great Malbec!
pf – you cant hit a moving target
Remember you hunt where theres no hunters!
Just listened to a fascinating interview on Kitco with the real Wolf of Wall St.
Thius guy was buying gold mines in Africa thinking gold was going to $5000 like everyone else.
If this guy cant get the direction of gold right then no one can.
This guys got more juice than any of us
What am I doing here
You put to $2 down and you take your chances.
When its time to go up it goes up
When its time to go down it gies down
He said at least three times what I always believe
“timing is everything”
Amen!
James the same can be said for Eric Sprott and Jim Sinclair, Jim’s $1650 call when Gold was $400 had me double up my position as everything he stated during the run up to $1650 was 100% correct, same with Sprott calling uranium to $100 from $14 and silver $23 to $50 (almost) because he was 100% correct I dove in with large positions and rode the chart….did I have the smarts to look at uranium, hell no!
Since 2011 these two leaders have been 100% Wrong!!!!….Thank the good Lord I bailed regardless of their opinions when gold fell under $$1525…I don’t even bother to follow them any longer.
Correct, Martin Armstrong and Larry edilson have been 2 of the beat upon by the permabull goldbugs. They have both proven the experts wrong…..time to cancel subscriptions and stop listening to the others.
I like Armstrong and maybe his targets will ultimately prevail, but I’m glad I didn’t let his bearishness keep me from buying when I did last year. I would have missed big gains –and more than once!
Even Grandich was calling for 1400+ by the end of March after the big drop in March. There is no expert when it comes to gold price predictions.
ah like pete has been correct in the last 3 years? look for advice from winners.
exactly jj, excellent point. my point exactly
No one can see the future. We all use the tools we like best to make an educated guess at where we think price is going in the future. Doc sees a final low in mid May at or above 1240. I’m in agreement with Doc with the caveat that if gold drops aggressively in the next two weeks then we will go much lower in a capitulation phase to put a final bottom in the gold bear.
Nenner sees a final bottom in June. Armstrong sees new lows and a final bottom in 2015. Jim Rogers is waiting for a final capitulation and despair phase also and thinks it comes either this year or next. Rick Rule apparently thinks the bottom is in.
It’s anyone’s guess who will be right. I just have to follow the tools that I trust and those are telling me this daily cycle still has one more leg down and maybe another daily cycle lower after that. So I guess I’m more in line with Nenner and Armstrong but if gold breaks it’s intermediate trend line I will have no problem doing a 180 and jumping into the bull camp.
Another bottom call? this time doc? History has not been good on these calls for the ker pundits, stated as i sip from the bounty.
Hey Doc, next week is the 3rd anniv of Silvers fall from the heavens…don’t know if you use BBands as a tool but the last time Richard the bands on the Silver chart was this tight was last March/April and it created a big move down….Gold on its anniv of the April 2013 smackdown saw a $40+ sell off…could silver see da boyz give it a big kick lower…the BB suggests a decent move is approaching…………..thoughts Doc
Also certainly NO sign today of the Pro’s covering their Short positions in Gold and Silver today with gold hitting sub $1280….interesting!