Chris seems to agree with Bo
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But better to be way off on a Gold move than somebody’s spine.
Haha, or yeah, if someone gets whiplash from a whipsaw gold move, they can go in for treatment. 🙂 (sorry)
lol….hahahaha…good one!! Raknev
I just listened to Bo’s commentary and it was pretty hilarious and it was impossible to take seriously. The cherry was when he was trying to multiply 3*21. Hard to believe you guys published that. I don’t know much about Bo but sounds like he has made so good calls in the past. He just seemed wired on something.
YES!! I picked that up too! 3 x 21 is 62!!..I am NOT being disparaging but that was REAL WIERD!!
Going to be interesting just how this one plays our Marc!
Afternoon Peter,
Bo was actually recommended to us by a highly respected friend. I painted Bo into a corner and I have to respect him for taking the stance that he took. Let’s see how it pans out. So far, and yes it is only for a very short period of time, he is correct.
Al, he is no different then many other gurus. I don’t know where we get this perception bo is perfect on his calls. He has changed his calls a few time in the past including changing a call that was posted on his website that stated the june low for gold was in. He then removed it. Others can verify this? I seen it with my own eyes. I believe it was june or july. Unless it was a complete hoax then i was fooled but his website had a low in. “A final low” then that low was broken.
The low was then removed AL
Right
Good day everyone,
Something is brewing up the hills of Caspiche. Heavy insider buying from Exeter Resources.
https://www.canadianinsider.com/node/7?menu_tickersearch=Exeter+Resource+Corporation+%7C+XRC
Remember that I did announce recently that I was going to buy some stock in Exeter.
A company that I think is underrated continues to buy its shares back (which shrinks the float and increases existing shareholders’ % ownership).
https://www.canadianinsider.com/node/7?menu_tickersearch=smd
Thanks Matthew, I took a look.
SMD is also on my watch and has been for a long time. I agree, smart decision to buy back shares at this stage. I just need the PMS to go up to the 1400 gold and 25 silver range to bring the Yukon back into play for me.
SMD will easily triple from here by the time the metals reach those prices. Mark my words.
Why is that so surprising? It shouldn’t be. That how great success stories are made.
I went from being a professional horse handicapper to being, IMHO, a very knowledgable gold expert.
I would want it any other way.
What difference does it make what he used to do.
The bottom line is he is right.
The gold market has bottom and we are starting to climb a proverbial wall of worry.
You want to debate his background or make money?
When it comes to making money, I think it’s all just speculation and there’s money to be made in that business too. As I say, God bless ’em; someone has to be right.
As for handicapping, I can certainly appreciate the practice of assigning advantage based on a set of historical data. Isn’t that what Gary’s doing?
Yeah really makes no difference to me in the end. My best guess is that in the long run, considering the world today, people should buy gold same as they would buy insurance.
Completely agree Chips!
James,
Making money always is much more important than debating! But then again, you know that!
James,
its damn nice you are back in black!
He may be right but not until after making ultimate bottom calls in gold before. Bo Polny wrongly called for the bottom in gold back in 2013 at $1321 and stated that gold will never go below $1300.
http://www.silverdoctors.com/bo-polny-gold-has-bottomed-at-1321-to-rise-into-june-5th-turn-date/
A few months after his proclamation, gold fell over 10% to $1180.
I do remember that Mr. Miller
I agree with the bottoming part but Bo’s projections are bit lofty for my taste. We will get there but it will take some time or a couple major bullish events in my opinion. For Silver, it is going to take someone demanding delivery of silver later this year when all those contracts come due and for Gold it will take the Swiss vote to kick things off or for a major super power to formally announce Gold is foundation of their economic system.
On the same subject what is Gary’s background?
Zilch, nada, nothing
Businessman, James. He is a businessman with a long history of following markets. After listening to him for two years I have to say he makes some really great calls and does so with intelligence. He used to drive me nuts with his inflation ideas and all that blather about manipulation but lately I am really appreciating his insights and approach to the markets. I think he has grown well into the business.
Background means nothing especially if your talking about professional experience. A consistent track record of outperformance is the important thing. The problem is most newsletter writers look smart when they are just riding a bull market but show no ability to outperform once the bull ends. If you look at the numbers most also underperform in bull markets too because they try to time pullbacks and jump in and out of positions rather then just riding the whole trend. Their subscribers don’t even realize it because they are just happy making any money and don’t even know what their overall returns are anyways. Also most never consider what they lose in taxes too by jumping in and out rather then just staying invested. The industry is ripe with fraud and hustlers that prey on people looking for the holy grail.
There are some out there, no question Milty.
I like to think that those who appear on our show do not fall into that category!
No James, other than constant education and a track record of a number of years.
Hey Al do you know the track records of all your contributors? I’d be curious to know what they are in both the short and long term like a 1 year and 5 year period.
Fair enough, I will ask for that information, Milty.
I have been following Gary Savage since about 2008. Gary has done a fairly good job of making calls the last year or two. However Gary has made many wrong calls especially for stocks, bonds, the dollar and even gold prior to this. Gary was calling for the stock market to make a major top a number of times back in 2010, 2011 and 2012. I remember him telling people to get out of stocks back when the SP500 was testing it’s then all-time highs back around 1500. I remember Gary saying the Bond bull market was over back in early 2009 when people flocked to treasuries for safety.
Just go back and read his blog. Here is just one example
http://www.smartmoneytracker.blogspot.jp/2011/11/secular-bear-market-golds-wave-advance.html
Gary correctly stated once that even the best market timers are right about 65% of the time. Gary track record prior to 2013 is not good.
http://www.cxoadvisory.com/14562/individual-gurus/gary-savage-tracking-smart-money/
But like I said Gary has done a much better job the past year or so.
when I was in the corp world, the best investors were the engineers-formulas, style, discipline, etc. These folks dug deep. technicals and fundamentals
He is self educated, which don’t get me wrong, is fine.
Everyone on this board is getting an education.
That doesn’t make everyone qualified to give investment advice
Everyone also has a track record, for better or for worse.
In his case it should be public knowledge.
I agree re. education, but who here is giving investment advice?
Hi Chips…….I am …Buy physical silver…..There you go FREE investment advice.
Hi irish, LIKE it!
For the record, THAT WAS NOT INVESTMENT ADVICE. It was simply a case of waaaay too much Guinness.
Then more investment advisers should drink Guinness!
Hopefully no one Chips.
I don’t disagree with a lot of what you say, but in this case I do.
Gary, Rick and Doc. They have the microphone.
Are they giving investment advice? I will leave that to you to decide.
If they aren’t giving investment advice then why bother having them on.
“A difference of opinion, that’s what makes horse racing” – Mark Twain
Excellent quote, James. Dispense with the legalese and get down to brass tacks as long as everyone understands the rules. I mean no one on this site should ever blame another for making a bad call. Even the best make bad calls. A bad call is what brought me to this site, but only because I was looking for some answers… Because I thought it was time for me to start thinking for myself and start making my own trading decisions rather than resign myself to someone else’s opinion.
They have the microphone, right. We have the forum to give them feedback, but the feedback should be at least constructive. No one’s getting paid here to give “investment advice” I know so otherwise I’d say yeah, give ’em hell. On the other hand, I could quote the guy in the movie, Airplane that said, “They bought their tickets– I say let ’em crash.”
Gotta be really careful with the regulators. And, we are as careful as possible to down break any rules.
Well said, Chips. I’m glad that so many opinions are available, free or not, all over the internet. Food for thought is a good thing and I don’t care if it’s considered advice or not, I take responsibility for my decisions.
Unfortunately, Chips, the regulators don’t see it that way!
Unfortunately is right, Al!
Gary has been calling for “they” to knock the price of gold down to $1000 so “they” can get in at a better entry point and make obscene profits. Once “they” were in the price was going to sky rocket. That call was supposed to have already happened by now.
That was his big, bad, bold call. It failed miserably.
Everything else is meaningless.
Remember you can’t hit a moving target
James,
I have to agree with you!
James you made a bold statement and have continuously harped with arrogance lets say that “Your final bottom call” is the bottom. Well if it doesn’t pan out that way you are going to eat crow. If it does I will tip my hat off to you sir.
Bo was dramatic wrong last year and before calling the bottom. Always look at the track record. His is not clean, he was wrong with the bottom before!! Why did not you mention that?
Thanks Max,
Listen to my Daily Editorial today (Tuesday) with Chris Temple.
Best and thank you for the comment.
I still don’t understand how a guy goes from being a Chiropractor* to one of the world’s most quoted Gold Gurus. Hey, God love ‘m! Far be it from me to judge Bo. I would just like to get his Agent’s number 😉
*Nothing against Chiropractors — In fact, I could use an adjustment.