Is This A Triple Bottom In Gold?
I understand that a triple bottom can be a very bullish sign and turn in a stock. However the triple bottom that the article linked to below is outlining I have trouble subscribing to. My main reason for skepticism deals with the the prior 2 peaks. Each of these peaks have been lower than the past peak – see chart below. When I have seen a true triple bottom the prior peaks have been higher, or at least very close, rather than trending down. I am not saying that gold could triple bottom and enter a bull trend but for now I am holding out…
Click here for the post that is arguing for a triple bottom.
It’s official! We have a moron muslim as President of the U.S.
In case you did not notice: The Big Zero praised a Muslim Cleric Who gave a Fatwa on killing of U.S. Soldiers. (Took a while to look it up)
President Barack Obama favorably quoted and praised on Wednesday in his speech before the United Nations a controversial Muslim cleric whose organization has reportedly endorsed the terror group Hamas and supported a fatwa condoning the murder of U.S. soldiers in Iraq.
Obama in his remarks offered praise to controversial cleric Sheikh Abdallah Bin Bayyah and referred to him as a moderate Muslim leader who can help combat the Islamic State of Iraq and the Levant’s (ISIL or ISIS) radical ideology.
Liars always screw up………….Barry…converted to OBAMA …why would anyone think otherwise….
I investigated exactly what the US is targeting.
THE PRESIDENT IS NOT, REPEAT NOT TARGETING ISIL.
OBAMA IS TARGETING SYRIAN INFRASTRUCTURE.
Today he hit Syrian refineries, NOT controlled by ISIL.
The big zero is trying to replace Assad, not knock out ISIL.
In my opinion.
Exactly. You nailed it CFS.
This ISIL is a very convenient cover for accomplishing a lot of long standing goals which include changing the Syrian leadership and kicking the Russian’s out of the region and out of the Tarsus port.
We all know who has been supplying the thousands upon thousands of Katyusha rockets and other missiles to regional parties who then turn around and rain them down on Israel. This has been a thorn in the side of everyone in the Middle East for decades.
And this is payback for lack of cooperation where Ukraine is concerned. The last thing Israel needs is another unstable neighbor but the way things have gone there is really no choice now but to remove Assad once and for all and attempt to create stability in place of the insanity we currently see there.
That little standoff with the Russians over Syria not so long ago when so many ships arrived in the region was never forgotten. The agenda never changed. It just needed time to develop so the goals could be carried out and ISIL has provided the needed excuse to make it happen.
Except Putin won’t pull out of Syria.
He will collapse the dollar first with help from China.
The UK will vote in parliament later today to join the US to attack only in Iraq.
Australia will vote the same way early next week. France has already refused to attack Syria.
The Russians are only there at the invitation of the current Syrian regime. Bye bye Assad and the dynamic changes completely as that permission can be invalidated and revoked. It will be in the hands of the incoming government to decide exactly who has rights to make Tarsus a port of call. I suspect that by spring or next summer the ships sitting there will not be Russian anymore.
You guys are spot on………………
Behind the news:
Court orders holder to release all documents on Fast and Furious.
DO YOU THINK THIS MIGHT BE THE REAL REASON THE ATTORNEY GENERAL RESIGNED?
Bo Polnys coming predictions look very promising.
Everything is perfectly lined up for it. Probably couldn’t
be better. All my indicators technical or otherise look
fantastic.
He has made a lot of good accurate calls.
He predicted an end of summer decline. We got it.
Only resolute bulls will remain standing.
The only problem I have if the rally is powerful
enough now. The bulls must now show they have
gained control. That means smashing through 1260
and 1280 to 1300 plus quickly.
Everyone can think what they want. However, the bears
will still have their grip on gold and my opinion gold
needs to get moving now.
We need to break out with lots of strength.
SHOCK AND AWE !!!! Gold needs to get off the pot.
It should. But you never know with a POS gold.
Thats what we are dealing with. GO GOLD. .ya…POS.
The late 1990’s everyone said gold was worthless and
no one needs it anymore. They also claimed gold can
be synthetically manufactured. Lots of crazy stories
but people believed them.
My point is, that was the toughest time in the gold trade.
I knew though this was a opportunity that very rarely presented
itself. That’s history now.
HOWEVER, THIS TIME IS NO DIFFERENT. Actually, I believe this
is going to be like the late 70’s. Much much better than anything
we have seen in more than 35 years.
Gold miners appreciating a 100 fold and more.
ITS….PAY YOUR MONEY AND TAKE YOUR CHANCES.
Odds look spectacular. If your a big baby, do yourself a
favor …stay out. This market is for real men who are fearless
and definitely the opposite of gutless or cowardly.
Riding these miners is like a trip to hell. It can be lots
of fun if you don’t screw up huge gains trading to often.
Whether we go down to a 1000 or not. If this market takes
off it will be breathtaking.
I do not believe in a slow rise. There is no way in the gold
market when things get moving.
I CAN ALMOST ASSURE EVERYONE, THIS IS AN OPPORTUNITY. ..
OF A LIFETIME……this will never happen again for 40 years.
This will be my last round. This is the big cahuna. Nothing like
this will ever come again.
One good sign I listened to Eric S. and Rick R.
They were positive but not that bullish like the
past. Gold decline has humbled the most bullish
individuals. I believe this is a very good sign.
Even in previous bull runs nothing big happens
until some of these popular bulls out there just
tone it down and shut up.
Smart money doesn’t want to hear popular figure
heads saying gold is going to 2000 or 3000.
A strong bull market starts when these guys get
humble.
These a very good signs. Even Sinclair has toned it
down. No mention of high gold prices.
In fact, they both look like idiots with gold
trading at 1220.
Their afraid to make these predictions now.
I do like it. Its one of the best signs in gold.
Or maybe, like me.
They all think the worst of this gold bear is still yet to come ?
Gold looks great here. Notice that the last four days consisted of two up and two down and that the up days had greater volume. This is bullish action. Also notice the long “wick” on Tuesday and the long “tail” today on the price candles. This action is indicative of a reversal.
Now let’s see if gold can put $1240 back beneath it with authority.
http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=0&mn=7&dy=0&id=p87292250950
Just think back to 09 when stocks bottomed.
All these analysts and most people thought it was over.
Same with gold in the late 90’s and so on. In 09 as well.
These big players must now doubt the gold move. At least
not going off…golds going to 2000 or 3000 or 5000.
Always going to be some bulls. The less bullish it is the better.
These popular guys need to go away.
Ya Matthew….we need a powerful move
or the bears will be back for blood.
Silver made a new low today taking out Monday’s low by a nickel. It’s good (for the bulls) that it did so on lower volume and that plenty of buyers stepped up on both days (long-tailed candles). Silver’s relative weakness indicates systemic stress and/or fear, but longer term, it remains a more appealing buy than gold to me.
It is still extremely oversold.
http://stockcharts.com/h-sc/ui?s=$SILVER&p=D&yr=0&mn=7&dy=0&id=p64295322991
Everything looks good but what kind of rally do we get.
I think we have a good shot but if the bulls don’t take
charge this time we are going back down.
Maybe, HH, but looking at the action in the miners, I get the feeling that bulls with deep pockets intend to let the dumb bears wear themselves out (the smart bears have probably already covered their shorts into fresh dumb-money selling/sellingshort). Big buyers haven’t been doing much acting (hitting the ask), instead, they just come in and sit there until lots of scared little sellers hit the bid and fill their orders.
This looks like a good sign to me because it indicates that there is little interest in buying and much more interest in selling from the smaller retail investor. Fear remains high.
MSM headlines like this are contrary bullish indicators when they appear at an oversold low: http://blogs.barrons.com/focusonfunds/2014/09/25/short-gold-on-dollar-strength-weak-demand-barclays/?mod=BOLBlog
Here’s another great headline:
http://investorplace.com/2014/09/gold-prices-silver-prices-gold-investing/#.VCQ6fRbQojI
SIL bounced at Fibonacci arc support:
http://stockcharts.com/h-sc/ui?s=SIL&p=D&yr=1&mn=1&dy=0&id=p54518715256&a=367344154&listNum=1
Lookin good Matthew.
I just hope the bulls can break this bear trendy
gold market once and for all. We need a lot of
buying come in this time to launch the bull run.
Embrace the Bear !
Its a good thing,
Lets get rid of most Juniors who are poorly run or short of capital.
Let the Bear absolutely SHRED the price of those who survive.
Then…and only then…..can the strong gold investors thrive & profit bigtime
Talk of weak bears now & gold moon shoots are laughable & uneducated….as time will tell. ….just you watch next year
Many current gold mining stocks will be a fraction of todays price…many others will be just confetti.
Embrace this Bear market!
Its your friend….NOT your enemy.
Cheers.
Funny guy Skeeta. You get it though.
Man, you guys need to take Bird’s advice and “chill with the chest puffing” Lol……..
We are friends. Also, we don’t like you. Ha!
Bird, the last thing I want to hear is that someone of your ilk likes me.
What is an ilk?
Google is your friend.
We will strip hundreds of $ of the gold price yet
……& the Bull’s will call bottoms all the way down
Skeeta, relative to gold, the miners have been cheap than they were at their ’08 lows for the last year+. This is just one many facts that shows how uneducated most are when it comes to value vs price.
It sounds to me like you are more certain of gold going lower than I am of it going higher. You were just as bearish at the last low when you should have been buying.
On June 3, 2014 at 2:28 am,
Skeeta. says:
I don’t think we’ll get to $1000 ?
…& I’m one of the most bearish on this site I think.
we might pop up this week…wouldn’t surprise me at all.
But I still think we’ll retest Dec. Lows.
So I’ll start buying more physical & mining stocks when we hit 1180…then buy weekly after that…then I’ll be one of the Bulls on this site for a change !!!
…but if it drops to 1000 or below…well I’ll be kicking myself.
Typo: cheap should be cheaper.
Just waiting for the smoke to clear. It’s a common sense strategy.
PS: Gold is closing in on 1200 inch by inch. Its a creeping thing. Extends the pain.
This is getting Hairy! I was planning on cruising through the Gulf to Dubai and the Emirates in November….. Maybe I need to change my plans.
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140924000117&cid=1101&MainCatID=0
I knew the Chinese had a destroyer in the Straits of Hormuz; now they have multiple ships.
It only takes a slip and War could break out!
After a 6.2 earthquake on the Chile-Argentina border yesterday, we have another 6.2 in Alaska today!
August gold importation numbers of note:
7.2 tonnes of gold exported into Russia last month.
However, smaller Kazakhstan buys a massive 24.7 tonnes bringing the total to a massive 30 tonnes for both Russia and Kazakhstan.
Turkey buys 3 tonnes of gold.
Do not have China data yet.
U.S. Mint September American Eagle gold coin sales are almost 50,000 ounces, nearly twice its sales in August,
Any idea how many buyers that is though, CFS? Do those results get published? I would be very curious to know how large each individual sale was or at least to know the average size of a purchase. We might well imagine that one or two outfits took up the majority of the extra buying. Or is that even allowed?
No specifics are given, although they published volume, month to date, so I presume if one recorded daily volume and did some analysis one might be able to extract some information about size out of the variation.
So he talks about an article but does not just publish it himself? Not that anyone would believe it anyway. The gold camp and its crazy theories have been so discredited already that anything they say now is just going to be suspect and it will join the long list of complaints and accusations that belong solely to the lunatic fringe. And that is the beauty of having allowed the wild untamed accusations of a grand metals conspiracy to flourish and go unanswered all this time. The public will just shrug its shoulders and go back to watching TV. It is obvious some of those leading the charges against manipulation are crazy anyway. Nothing that they say now will be taken seriously as they have all shot themselves in the foot so many times with their past musings. They might just as well be talking about Area 51 or alien invasions. Joe Public won’t be moved.
Cohen has credentials as an investigative reporter….E.g. see Amazon comments on his earlier books.
Interesting:
I will be buying $100K of 100 oz silver bars when I am outside the country in just over a week.
Finally in other news:
A group of Syrian women activists delivered a n angry message to top American officials: Syrians aren’t grateful for the U.S.-led airstrikes, which they say have killed innocents and worsened the suffering
An Algerian militant group beheaded a Frenchman it kidnapped earlier, in retaliation for French airstrikes in Iraq, President Francois Hollande confirmed.
The Big Zero scores another big zero!
At least the French actually attacked ISIL and killed a few of them.
I thought I was finished and then I came across more news:
Less than 6 months remain before Canadian companies with US employees must comply with new US reforms or face – up to 1/2 million in IRS imposed tax fines. Even sno-birds and expats will be affected!
The US just wants money…..regardless of whether the US deserves it.
This above was about healthcare coverage. If Americans work in Canada, apparently the Canadian company has to comply with American laws.
Do we see some firings ahead….?
Interesting:
http://ewn.co.za/2014/09/15/Taj-Hargey-explains-the-Open-Mosque
So much for the religion of peace.
Yesterday, the BBC reported fighting broke out in the Capetown mosque, that was only a couple of weeks old. Seems the old-liners did not appreciate being dragged into the modern era.
French radio is reporting that over 3,000 muslims with european passports have gone via Turkey to fight with the Islamic State and have returned to Europe already.
Does anyone think some of those might have learned bomb-making?
You sure they were not just on holiday? Maybe they had swimsuits and souvenirs in their bags when they came back.
Here is an interesting addition to the story of Ebola in Africa written by Eric Sprott. He is clearly concerned about the possible spread of the disease over international borders as a result of open airports.
Actually, I don’t blame him. The whole African continent is now at risk due to what is happening and borders here are extremely porous. Hell, even the borders between Canada and the US and Mexico are no impediment to most foot traffic on any given day but that is even more the case over here except in conflict zones.
I also worry about the future of this disease but from a different perspective than Eric. It is just my personal experience in living here that has me alarmed. Hospitals are indeed poorly equipped. Skilled and experienced doctors are few and in line with an extremely youthful demographic are typically quite young.
Training is lacking in most medical fields and communications with patients are sorely short on details. If you do get sick you don’t expect the doctor to have time to consult with you on your diagnosis, treatment, precautions to reduce transmission of an illness or strategies to recover more quickly.
Over here you get in and are pushed out as fast as possible as wait times are long and the doctors severely overworked. The standard fare is you see the doctor, a test is taken and you get an injection or a prescription and are sent home.
There is almost never any time for talk and no time for questions. As a rule, patients don’t even know what they were injected or what their prescriptions might be for. Virtually no information is offered on follow up.
Another worry is crowded waiting areas. In some hospitals the seating is centered around the main corridor next to reception and there can be as many as a hundred people or more in line on any given day. Risk is thus very high just in waiting rooms whether you are there with an infectious disease or a broken arm as all patients are congregated together.
For this reason I will not use the local hospitals except in the most urgent and unavoidable situations, preferring instead to go to Embassy clinics where foreign trained doctors are on hand. But that is an easily affordable option for me whereas it is not even a remote consideration for most locals people here.
But what are the answers and solutions to halt the spread of this illness? I really don’t know except border and airport closures are probably advisable in some cases. See what Eric has to say…..(you think maybe he has hired a private jet just in case?)
Ebola, the tipping point…. by Eric Sprott
http://www.sprott.com/markets-at-a-glance/ebola,-the-tipping-point/
Cory you gotta be brave when everyone is afraid and you have to be afraid when everyone is brave. Other words buy into fear and sell into euphoria. Contrarian Frank Giustra way of investing. Good luck folks.
Absolutely right stewie. Few can do it though.
That is what defines low sentiment readings. You know, man…..when people are not interested anymore. That is not however a guarantee prices will be going anywhere very fast. Maybe the public is having the last laugh right now because gold could be flat for a long time.
The public never has the last laugh. Ever.
The folks I know who dumped gold and bought stocks did very well. The ones who hung on to gold and their miners mostly got squashed. So maybe they are not the Joe Public exactly but they definitely got the last laugh so far.
If we take 100 people from kereport.com forum 98 people we say: “I’m a bear as i think $1050” and two people me and you Matt will say Gold is a buy HERE RIGHT NOW! That 2% is the contrarian voice out of 98% that are calling $1050 gold. Now when gold hits $2000 98% will say gold is going to $3000 now while 2% will say i’m selling RIGHT HERE RIGHT NOW. WHO WINS HERE ???
I’m calling gold bottom right here right now!!! $1050 NOT HAPPENING!!!! PERIOD!!!!
Remember this day folks as it will live in infamy hahahhahaha. Good luck to all!!!!
P.S
Matt i always like your charts.
I agree! If we were going a lot lower, GDXJ would be below its May/June low (red line on chart) right now. The fact that gold is below its low of that time while the risky juniors are not, is very telling. As expected, the seniors are holding up better than gold but not as well as the juniors.
http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=1&mn=1&dy=0&id=p85704280952&a=359640773
Man, you guys need to chill on the chest puffing. Of course you are special. But everyone here gets it, not just you two. Don’t forget a lot of people are still feeling burned since the drops and not many of them feel excited about jumping back into the fire prematurely. You go fill your boots though. That’s what makes a market.
Birdman look at your own sentiments towards metals. Completely in the depths of the ocean bud. Nuff said on that.
You are so wrong Stewie. I watch it as closely as you. Maybe more closely. I am a fairly major gold bull when the time suits me too. Let me time my own bottoms though. I don’t take advice from anybody in such matters.
What BS, Bird, you hate gold and have said so. Two months ago you said it shouldn’t even be mined. At each very tradeable low, you hate it right along with the rest of the herd.
Nope, I said open pit should be outlawed. Nobody minds if it is copper or potash or any other useful ore but gold does not offer a utility that can justify the damage open pits cause. Next time do your homework Turkey. Anyway, I will bet you agree with me on this point unless you are a complete….
Proves your a total nitwit bearman.
People like gold jewelry, gold plating
for decorative purposes and many others
including electronic components.
GO GET YOUR BRAIN CHECKED..
Okay. And since you put me in such a great mood with that strange comment I have a little video for you too that might cheer you up. It’s Dorothy of course in the Wizard of OZ. ….If I only had a brain. Don’t forget to take your vitamins HH.
If I Only Had a Brain – Wizard of Oz
http://www.youtube.com/watch?v=nauLgZISozs
Oh, so how do you know about the wizard. ha..ha..
Since when do people need to be told jewelry and
many other uses for gold needs to be out lawed.
WATCH THE VIDEO. lol….you desperately need it
and seek psychological reconstruction of the
molecular structure of all your brain cells.
DO THIS. ..ASAP. ..you certainly are a train wreck.
Only someone who is completely ignorant about money would say that gold does not offer utility. The sheeple masses, like Bird, are criminally ignorant, that’s why they are ruled by criminals —and like it!!!
Here’s what this con, E. “Bird” Fudd, had to say:
Honestly, at current grades we should not even be mining gold anymore. It is utterly destructive of the environment on so many counts and the grades are so pathetically low it is really a wonder any government permits it to happen anymore. Would anyone here really care if all gold mining came to a halt worldwide (by international convention)? Serious question. It has little manufacturing merit. We just dig it up and store it in vaults. Don’t we have enough to squabble over already?”
Here’s another from this liar, Birdman:
“What about we don’t mine gold anymore? You really need more gold? Does it improve anything? You think the world is better for it? Maybe we need to put more in the vaults. Maybe it is good to leach heaps and poison the shit out of the soils and water and waste resources so we we can all sit around and masturbate about how WUNDERFUL gold is for our lusty sexy pleasure and all get rich together. Or maybe we ban ALL gold mining since the industry is just a bunch of shit and thieves and liars. How about that you idiot?”
Hey, what’s with the name calling? Boy you sure reverted to the primitive M quickly.
Matthew, bearmans motives are this.
He lacks the courage, conviction, probably
capital too and can’t bare any downside in
this gold trade.
So out of envy he will discourage anyone who
considers gold. He knows one day it will explode.
However, at the end of the day he is not able to ever
consider it because of his own fears and for reasons
above.
Not only that he lacks experience. He is a fraud in claiming
to be knowledgeable in the markets.
SO, HE SHOULD BE PUT ON IGNORE.
He’s just a nuisance.
Wow HH….you seem hostile today. Every one of those remarks is incorrect. Can’t you even make a decent guess? Say buddy, how do you feel about the dollar soaring? You know its going to squash your little precious don’t you!
I agree, HH, but there’s one other thing that explains his behavior: Confusion. He obviously doesn’t understand gold, money, banking, or markets, yet he does seem to realize that he should. So his frustration, understandably, becomes anger. People fear and often hate what they don’t understand.
Sorry bearman…
The dollar has had 9 candles straight up. Thats not a good sign.
This could be a SET UP.
Reminder. … gold can rise with the dollar. Traders know it will be short
lived.
Look at golds rise and the dollar at the 08 bottom. Might be 09.
You look it up.
From experience too.
When bloggers claim gold has no purpose not to far into
the future gold soars. Only need one. I witnessed it.
Can’t agree more Matthew.
Its a problem. Seen a lot of it
but this is an extreme case.
I only said it is my opinion that we have dug up quite enough gold already. How much more could the world possibly need? Half of it sits in bank vaults anyway. Do you get to enjoy it? Nobody does! So tell me you genius’s exactly why we need to open pit such miniscule grams per tonne when all of it will end up in China at the PBOC anyway.
You guys make no sense at all. I don’t think you even have a real opinion.
OK, FINE…what about all the debt.
Real estate, oil, corn, etc. Can’t be held for liquidity.
Commodities are not storable. Real estate is illiquid.
Governments can’t be trusted. A nations currency is
only as good as its liabilities and assets.
There is a place for precious metals. Fiat currency will
fail and it has been doing so for a long time.
With reckless government spending precious metals will
always prevail in higher prices eventually.
COMPRENDE !!!!!! Why do you continue to be enraged by the facts.
Why bother trying to explain, HH. It is to be expected that a confused person who doesn’t understand would insist that “You guys make no sense at all.”
I know Matthew.
At least he can’t say we walked away from clarity of
why precious metals are important.
The fact is, they are. He will probably ignore everything
but at least he was informed.
I suspect he will remain delusional. His motives are such
that he lives in denial. Yes, your right…its hopeless.
You’re the worst chest-puffer here. I’m simply agreeing with someone. MOST people always feel “burned” by the markets, guess you didn’t know that.
When buying, the more people that feel burned, the better.
Like Tarzan of the Apes..
http://www.youtube.com/watch?v=rvZMXZ2s07Q
And my track record is better. You said the dollar was going down.
I never made a big-picture call on the dollar. Yes, right now, I think it is very close to a top of some degree.
Your track record shows that you missed every major rally in the miners. You can have your dollars. 😉
Don’t make stuff up. That is not true.
For those who have everything and are still in the mood to buy gold:
This guy gets it:
GDXJ
http://www.superforcesignals.com/video/2014sept25gdxjvgld/2014sept25gdxjvgld.html
Whatever you say “M”.
Birdman you seem frustrated as hell. Chilll out man. Stop watching metals for 3-6 months . Leave or add to your position here and forget them. Go on with your life and in 6 months check on it, then another 6 months.
BTW: “but gold does not offer a utility that can justify the damage open pits cause”
If you think gold is “utility” you have fundamentals problems with understanding what gold is. It’s money and it doesn’t need to have any industrial purpose. All central banks buy it as reserve in case of fiat failure. You want utility buy palladium or maybe copper. WRONG INVESTMENT VEHICLE FOR YOU. Good luck tho. I don’t mean you no harm. You just stressed da f…. out any need a f… break bro.
You need to grow up Stewie. Gold mining causes serious environmental damage in many cases. Open pits with miniscule output per tonne should be outlawed globally. I mean that. We need a consensus and a convention on certain activities. I will not recant. If a vote is called and I get a chance to cast a ballot then pit mining is going to be dead provided enough people support that view.
Gold mining doesn’t cause NEARLY the environmental destruction that speculation made possible by cheap, easy, and endless, fiat money, does.
If I was Birdman, I’d be frustrated too. I’m on the sidelines here and even Corey is, but Matthew, HH, and stewie sound like a nauseating gold pep rally. Guys, I rode up the rise and made some good money in my 401k. I also bought physical PMs and it has lost 8-10% since. While y’all have been cheerleading, your positions (if you have been in them) have been losing money. Birdman has probably not. So stop poking at him and patting yourself on the back as the “wise contrarians.” Maybe gold turns around here or soon or maybe we all get taken down more. No one knows. At least Birdman has been right about many things lately including the rise in the USD which I definitely didn’t see rising this high this fast. Matthew, I appreciate the charts, but Birdman has some great points too. I appreciate all the insights but lets not fall in love with our investments here because that always leads to pain. Peace, bros
Precious metals are highly volatile. One should never
think short term. Losses can be recovered quickly when
they turn. Exact timing can be almost impossible. You
never lose until you sell. Gold equities have led the rally
and they are appreciative way ahead of any gains in gold.
YOUR PROBLEM IS….YOU DON’T LISTEN !!!!
You don’t like the volatility go invest in CD”s or bonds.
You should not be investing in precious metals.
However, you already knew that and did it anyway.
Many thanks Wiseguy. In fact I did sell a the top and have been happily riding the short side all the way back down with excellent results. I just cannot seem to get a sensible conversation going with any of the long-only guys though.
I just don’t get it. They won’t hear a word of what I say even as metals prices have declined for several years now. Not days, not weeks and not even months…..but YEARS.
It is both astonishing and baffling to me at once but each to his own I suppose. They seem more intent on a personal confrontation that an actual discussion. Whenever I post on the topic with my better ideas not one of them ever responds. All those posts just go to the dead letter box with no acknowledgement whatsoever.
Thankfully, their issues are not my problem so it is easy to shrug it off and walk away. Let them hold to their hardened views. It costs me nothing as an bystander.
I’ll just point point out that the rallies this year have been big. If you’d bought plenty into the pain and sold enough into the gain, there’s no way you’d be down this year. I’m not, by a long shot.
I don’t care if Bird is bearish or bullish, the guy doesn’t know what he’s talking about. He’s a pretender who fools a lot of people here because they don’t know enough to detect it. To top it off, he attacks anyone he thinks is wrong and thinks chickens are money!
One more thing, Wiseguy. Being on the sidelines is absolutely fine and has NOTHING to do with what’s wrong with Birdman. If you’d pay more attention, you’d see that MY approach is NOT fine with him and so he starts these ridiculous fights. He, and by extension, his supporters, are not decent people.
Another thing Wise Cracker….
Read my post on this weekends editorial.
Always claimed precious metals are risky.
Next time you point your finger….look in the mirror.
I think Wiseguy summed it up best in one short word……. “nauseating”.
And you give me diarrhea. With all your crappie market calls.
It has been brutal. We are all looking for bottoms and hoping for bottoms. Unfortunately when you go looking for bottoms things can get pretty smelly.