By SD Contributor SRSrocco:
There comes a time when we just have to say “ENOUGH IS ENOUGH”.
It looks as if everyone and their brother now expects gold and silver to enjoy a bloodbath. Below we can see that CLIVE MAUND is once again showing his true colors as he has labeled precious metals investors ‘the sheep‘ in his latest update predicting a ‘blood bath‘ in silver:
I would like to remind those who are now becoming convinced that Maund is right… he was calling for silver to crash to $18 in the beginning of this year. He got that one wrong.. and had to recant and produce charts that show silver could actually head higher. Typical of those who bow down to the art of TECHNICAL ANALYSIS.
Hey listen, silver and gold can sell-off from here. But to use those words on the top of his chart to state that the SHEEP ARE GOING TO GET SLAUGHTERED… just makes me realize Maund is nothing more than a PAPER JUNKIE.
Does he not realize the precious markets are manipulated? Does he not realize that a judge just announced last week that “POSITION LIMITS ARE NOT TO BE ENFORCED”? Clive is part of the group of analysts that I now term “ANALYSTS GONE BAD”.
Another one of my favorite DEAD-BEAT ANALYSTS is Ned Schmidt. In Ned’s most recent article, he presented a graph showing how soft commodities have outperformed the S&P. On the bottom of the chart he was nice enough to include Gold. However, for some strange reason he did not include SILVER in his chart…. so I thought I would add it for him.
Ned Schmidt has an aversion to SILVER. I remember he stated on his website that he was the only one to correctly forecast the SILVER BEAR MARKET. Furthermore, he also had said that silver would hit $15.
I am so tired of these RUN-OF-THE-MILL ANALYSTS who don’t really understand the underlying fundamentals. Ned Schmidt as well as Clive Maund have no idea of the manipulation taking place or the coming peaking of energy. They make their charts and write their articles based upon information that is PAINTED FOR THEM. I believe Maund is just inept… but I believe Schmidt has an agenda.
I AM PRAYING FOR A MASSIVE SHORT SQUEEZE
Just to let you all know, I have my Alan Greenspan lucky rabbit foot and I am rubbing it hoping for a massive short squeeze similar to the one that took place in gold last year. We may not get it, and yes… we could get a paper sell-off of the precious metals. However, it would be wonderful to see both of these analysts EAT THEIR HATS.
That is my main reason to want this HUGE SHORT SQUEEZE. I do realize the price of physical gold and silver will win in the end… so the ups and downs throughout the move much higher is part of the journey.
ONCE GOLD & SILVER TAKE OUT THEIR PREVIOUS HIGHS… I GOT AN ARTICLE IN THE WORKS FOR……ANALYSTS GONE BAD.
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_silv.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_gold.gif)
SRS Rocco is more than making up for my being “nice” to Clive Maund in my post yesterday. But alas, he’s right, and it’s really unfortunate that many people don’t have a full appreciation for the poor track records of analysts gone bad.
Almost without exception, analysts with less than stellar track records tend to make excessive use of a limited number of tools. By contrast, big picture thinkers synthesize from a great many tools, sources and make use of non-dogmatic perspectives. SRS Rocco is firmly in the latter camp!
Fact be Fact. Maund is, IMO, both Bi-Polar, and a tool, dupe, patsy of TPTB, Most of his calls turned out crap, and likely this, IMO, as well. Schmidt again, IMO, is useless for anything but HIS OWN agenda. Not too much different was EDELSON tell us we were gonna get killed, back in June. All bullshit, all the time, as far as I am concerned, IMO.
The real bottom line is Rocco does what I consider good TACTICAL and STRATEGIC ANALYSIS.
What we have here is Pre-Election manipulation, and it makes no difference in the long run, raids or otherwise.
I publish some Tactical Analysis based on what I read in my Technical Analysis and your free to read it or join or subscribe.
I do have a bias, I feel that Gvts cannot keep doing what they are doing, without pushing PM’s higher and higher, no ifs, ands or butts, and if you sell your physical on these guys trying to spook the herd or shooting into the flock or throwing a scare into the masses, your the loser till you get your physical back in your hands.
Hands that hold the physical silver, no matter how big or small are the Upper Hands and the Strong Hands, in a new way to look at it.
Stay strong. Do like the Vietnamese have learned over the eons. Transact in the Emporers’s Fiat currency and save in silver or gold.
DG
http://www.denaliguidesummit.blogspot.ca —
Dang
Ned Schmidt + Clive Maund = WOLVES in sheep clothes, but now we know who they are
As annoying as it may be, it’s looking like Clive Maund may be correct with this call. We are now down to resistance at $33.48. Just as he predicted. I followed Clive’s call a while back and saved a shit load. So I decided to follow him on this call too, and I am feeling glad I did. The venom spewed forth regarding his negative price call don’t sound like they are based on reasoned thinking. Being the contrarian, I took that as reason to follow Clive’s advice. Are the comments on here going to turn a little magnanimous if he turns out to have called this big drop correctly?
The above caused the following response:
Author: SRSrocco
Comment:
It looks like I missed your comments. Of course we are all free to share our opinions. I have stated… and will continue to say that TECHNICAL ANALYSIS IS DEAD. You can’t rely on technical analysis in a totally manipulated market. Now, I understand that you don’t believe it and I gather you have made some nice FIAT PROFITS on your trade. Good for you.
However, I explained my case on this issue in my past article titled ‘THE COMING PARADIGM SHIFT IN SILVER”. How can silver be trading freely when there are massive paper contracts whether they be futures, ETF’s or Derivatives backing up a fraction of silver? How can silver be trading freely when the gargantuan INTEREST RATE SWAPS controls the US Treasury Market?
You may feel free to call me the SHEEP, but dear sir, I believe you are. You don’t realize the CLIVE MAUNDS of the world actually help the Central Banks along with the help of the Bullion Banks push their PAINTED CHARTS on the investing public.
driven21… I will not change your mind about manipulation and you will not convince me that I am but a mere SHEEP.
So be it…
Permalink: http://www.silverdoctors.com/precious-metals-analysts-gone-bad/
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My response:
You assume I believe there is no manipulation – incorrect.
You assume I made fiat, when in fact I upped my silver holdings (by following Clive’s call.)
You assume I am calling you a sheep, I am not calling anyone a sheep.
Your arguments are more ad hominem attacks than substantive reasoned arguments.
ad ho·mi·nem [ad hom-uh-nuhm ‐nem, ahd-] Show IPA
adjective
1.
appealing to one’s prejudices, emotions, or special interests rather than to one’s intellect or reason.
2.
attacking an opponent’s character rather than answering his argument.
Maund’s suspiciously jaundiced comments aimed at silver investors runs curiously contrary to his self-stated position contained in his website, where he says, “Welcome to clivemaund.com, a website created to assist its readers in capitalizing on one of the big investment opportunities of this decade, namely the developing great bull markets in Energy and Precious Metals.”
Is he now in the pocket of The Cartel? Et tu, Clive?
If you are trying to tell your last phrase in french, then it is “Est-tu, Clive?” and not “Et tu, Clive?”.
You may thank me one day…
LOL@Sumkid!!!
It’s Latin, my friend! Quoted from the assassination of Julius Caesar, I believe…
He (Caesar) suspected treachery, and when he was stabbed, proclaimed “Et tu. Brutus?”
Which I believe translates, “(So) it’s YOU, Brutus?”
The two languages are quite similar!
Going from memory here, so be kind, Fellow SD Readers!
How about PUPLAVA? alwasy agrees with NED SCHMIT bearishness at the bottom, sometimes I suspect PUPLAVA has and agenda too
I discovered Puplava’s internet broadcasts about a week after he went live and have heard probably 95% of everything he’s produced since 2000 — and I’ve read all of his public writings. I can say without doubt that he’s moderated his stance on manipulation, and that he’s made some wishy-washy decisions at important precious metals market turning points (mostly missing a big chunk of the advances coming off market bottoms). But he hedged reasonably well during the 2011 silver spike and protected clients from the full brunt of the smash. His track record is respectable, but not amazing.
The thing that bugs me most about him these days is that as his business has grown, his operation has grown more conventional in terms of money management. His overall focus as a firm has gravitated towards a greater inclusion of conventional asset management strategies and assets. As an example, he now regularly pushes bond ladder portfolios and the specialist he employed even openly talks about ladders that include bonds with maturities as long as 20 years. Heck, even if someone only places 10% of their ladder into 10 or 20 year duration bonds, that’s hardly the sort of portfolio move most precious metals advocates would embrace regardless of how small the position might be relative to net worth overall.
Other manifestations of his moderation over the metals space can be heard during his interviews with Jeffery Christian of the CPM group. Those shows speak for themselves — great examples of Jim talking down the frequency of metals market price management. You’re also right about Puplava’s tone with Ned Schmidt. Jim does his listeners a disservice by basically being too nice of a guy when dealing with guests with poor track records like Schmidt.
The bottom-line with Puplava is that he does indeed have a very powerful intellectual grasp of the big picture. He’s very well read and is a student of history and economics. He’s a good source to turn to for perspective on the big picture and trends. But he’s no longer cutting-edge in his thinking and how he approaches precious metals. He’s also too repetitive. Jim and John have a tendency of turning what could easily be just 1 hour of content into 3 hours over three weeks. For example, many of the concepts discussed in the lifetime income series they’ve been running this year are rambling and repetitive. One or two shows explaining dividend growth is sufficient to cover the topic. They’ve spent at least 4 shows where those lifetime income series segments focused on explaining the dividend strategy, when a single show would have been enough, especially since he periodically also has guest interviews focusing on the same thing.
He’s contributed important work over the years in the PM sector. For example, David Morgan would not have the size of his current business and reach if it were not for those first five years or so of Morgan appearing on FSN on regular rotation. Eric King of King World News got his start with internet radio in the PM sector with Puplava. Puplava has helped to educate tens of thousands of people about the wisdom of investing in the PM sector. Puplava has flaws, but he’s a good guy and he’s worthy of respect.
Ditto to that, Wombat. Well said. You really laid it out. I also have been a long time fan of Puplava’s broadcast. Really enjoy his interviews with authors of various books . Read most of them. But, recently lost interest when show became more of a promo for his firm’s Lifetime Income Program and he started charging a fee to listen to most of the podcasts. Never have understood his love for Jeffrey Christian or why his son calls him Jim. But the guy is well read and has pointed me toward many great books.
I think Clive is just pissed that he didn’t buy silver at the right time and he is now trying to make it the right time! He’s pissed that so many ignored him and purchased at the right time, but not him, he’s jealous! His agenda is drive away the buyers so he and his club members can reap the bennies. When Joe average is “fleeced” and can no longer buy, then they will drive it up. I ain’t budgin’!
Ba-a-a-a-a-a-a-a-a Ba-a-a-a-a-a-a-a-a
I just returned from my local coin shop, adding to my stack. Naturally, I checked SD for the latest on metals to find this article with some greatly appreciated comments. Being a little nervous about giving up cash for stack found a relief in seeing the rats leaving the ship. Selling out or, just making money wordsmithing isn’t clear but, the message, for me is crystal clear…they want the phys for themselves.
Historically, isn’t October a down month for precious metals anyways? Can’t the recent downtrend just be viewed as predictable seasonal downturn, and come end of October early November we will see precious metals take off again?
Realistically, this seasonal downturn may be the last opportunity to stack before silver really takes off.
@LastStraw: Yes, historically during the current bull run October has been weak. But I wouldn’t put much emphasis on a trend for a single month. Too many differences in the fundamental backdrop evolve each and every year. It’s more important to appreciate what happened during the months leading up to October against the context of current fundamentals. However, bigger picture seasonal trends such as the Indian festival season color multi-month calendar trends on a consistent basis.
That’s why I’m buying junk silver right now since they are very close to the melt value and because it’s nice to play with them
. There’s also QE3 that makes silver go up so in the long term so I think that silver is very bullish but we’ll just have to wait and see…
Perhaps these analysts are paid off by the cartel
It was Maund who was also calling Keiser’s SLA fools for believing they could take down JP Morgan using margin. The whole point of the SLA was to purchase physical with cash, not margin. I emailed Clive’s office asking for clarification of such an obvious error and misinformation. I received no response, Maund has an agenda too..
Nice handle Apolitical! I’ll bet there are more than a few here who remember Little Feat!
How can anyone do any meaningful technical analysis on silver? That would imply true supply and demand fundamentals. The “supply” side of silver is totally distorted due to the plethora of nonbacked paper shorts.
SRSRocco is right. I get the Peak Oil as it relates to Gold/Silver Mining ore degradations and increased energy consumptions. I get the silver manipulations of 2011, 2012. I get the constant negativism towards silver buying sentiment. I get the coming war in Iran that will close the Hormuz Strait. I get that France is about to crumble, Libyan oil supplies or not. I get that Spain and Greece are toast. I get the printing US Dollars is unsustainable. I get that the Petro Dollar is being challenged by Russia and China. I get it thanks to good people SRSROCCO and DOC.
What I also get is Nouriel Roubini who says the stock market will crash this month, October 2012. When the stock markets crash, so do commodity prices.
The truth is listening to Clive, David Morgan, or any other silver fanatic to make a purchase or sale in PM is dumb gone to seed. No matter how much evidence either one provides, the question is do you believe that the American dollar is domed? Have you done your own due diligence? If you have, you better find something to stand on because if you are right in believing the dollar will not survive, you must for the sake of your family have to courage to exit this false money game.
O, and another thing; determine what kind of exit strategy you are going to live by. Eventually the time will come to sell your silver. Have you thought about when and what will cause you to make that decision? Or, are you going to fly by the seat of your pants and just hope for the best? Some will sell at $75/oz, others have no need to sell even when silver hits $500/oz, but everyone needs to answer the questions and when and why?
Sell the silver back? No in fact your intention should be to SPEND the silver not sell it back. You’re treating silver and/or gold as investment vehicles still dependent on fiat money survival. Once again, both silver and gold are considered MONEY, not fiat currency. You’re still thinking that there will be this thing called the U.S. dollar. Good luck with that. Either the U.S. and virtually every western country commits to hyperinflation or deflationary default, than what good are their dollars or IOU’s then. Your world is about to shrink and economies will become far more regional and even local in not to many years from now, and you’re still holding on to the paradigm of centralized government and even central banks. Gold and silver are NOT tradeoffs for making more fiat that can be printed to eternity. What is the point of these metals really acting as insurance in the longer run? Gold and silver are survival monies, unless the world does not break out in full scale war, peak oil is not real, and resource pressures are wholly untrue. Those not happening are, however, highly unlikely scenarios.
I’m going to keep my silvers until the US dollar will collapse so that I can exchange them for another new currency or I can use my silvers to buy stuffs that I need. It’s just not worth it right now to sell them since the US dollar is only pieces of paper that have values created out of nothing.
Eats Shoots and Leaves….Panda gone Bad
As a small stacker I don’t bother with chart analysis. If I have money and silver takes a dip I buy, very simple strategy
I have been buying 2-3 ozs ag every month for 10 years for my grandkids, also without worrying about the charts, figuring that they will live long enough to benefit from the eventual world fiat collapse, with ag at $200 near-term, and $500 or ? long-term, and $8000+ ? au.
As a retired trader though, I stopped buying for them during the exponential 2010-11 ag runup from $18 to $50, and didn’t buy either of the two 2011 ag $15 dips, nor any of the subsequent declines though May-July 2012, until the $26 base formed, and everything broke out on Mon. Aug. 20th, after which ag ran to $35 and au from $1600 to $1800.
More people were killed buying dips from the April 2011 $50 ag high to the June 2012 $27 low, than were killed in Korea: it was hard for me to stand aside, and am wondering how did you manage to survive that 16 month decline?
I was almost “killed” at 50$ per ounce since I started to buy silver when it was at 38$ per ounce and I was new to the whole thing. I’m injured badly by the way but not very badly. I’m glad that I didn’t know about silver when it was at 50$ or else I would’ve buy them.
I just DCA it all the way, buy whenever I have the cash regardless of price.
FORTUNATELY My buying has been very low or non-existent during the highs.
For some reason my instincts and disposable income both sign off at the right
times. I do not regret a single purchase of Silver, at any price. Just some non-purchases
that I could have, should have, LOL!
LOL WOW just as well there is some balance here.
I’m wary of supporting either side in a battle of extremists.
“The sheep are corralled in the holding pen and now ready to be dragged into the fleecing shed” even as a metaphor bearly translates to “The sheep are going to get slaughtered” (in capitals).
I’d say it’s in the same catagory as the calls from some here that Silver is going to $100 this summer, the chant doing the rounds last March and April even up to the turning point of the price action.
The only umbrage I could take from this is maybe if I included myself in the group called sheep, which I don’t.
He may well be talking about the paper market and if read in this light is perfectly acceptable to me at least.
Because no one with phyzz in their hand is going to get fleeced before the next fiat currency rout regardless of price action.
Just quitely, I hope his prediction is true because I’ll be able to gather more ounces, which is my only priority regarding Silver till the coming crash manifests.
Bloodbath? Mr Maund is confused. Shearing and skinning are not the same activity. After being fleeced, the sheep lives to fight another day. Parasite free and feeling a lot cooler in the summer heat.
Traders might get a few shaving nicks, but investors will merely shrug and add to their positions.
Here is to hoping Clive is right….I really doubt it, but if he is then more silver us to stack and the sooner the manipulation ends.
Are you kidding me? Is this rocco cat still getting credit after all the bad calls he’s made?? Seriously that’s all you ever resort to is “this market is manipulated!” Give it a rest dude. That’s all you ever cry when your ass gets reamed by the market. They manipulated it.
Rocco slaughters anyone who uses fibonacci retracements in the silver market. He’s said that himself on tfmetals report. Dan Norcini uses fibonacci retracements and just in this last year alone he’s been right every single time i’ve noticed rocco being WRONG.
Face it rocco, you ARE a sheep and you’re about to pay for it again. Since this spring alone I’ve made about $3000 off of the very strategies you malign. Get in back in your pen and take your beatings rocco, you’re going to get it again and sooner or later these silver investors will learn that there’s a reason why cheerleaders like you and furguson are wrong so many times.
You guys need to start learning from a vast array of voices. Begin listening to people who are also outside of the precious metals cult and you will begin to understand how things really work. Anytime the metals go up its because they’re on their way to the moon. Anytime they go down, its because they are manipulated. Quit your crying and learn how to read markets.
Rocco is almost as intelligent as a teen age boy. However, he studies the wrong things. Why don’t you give people some GOOD ADVICE FOR A CHANGE!!
YES metals are going much higher in the future, but YES they have been known to take a massive correction from time to time. Quit acting like a baby to the market and quit hating everyone who calls you out on your ignorance of it. If you would open your stubborn mind to something other than a sick religious over attachment to a single asset class, you would understand. But you will not. And you will go on decieving others right along with yourself. I hope for all of your sakes you learn from this bad call that is being placed right now. When rocco’s call does not come to pass, remember it, and begin listening to other voices.
driven81…The problem with technical analysis is that all markets have become so manipulated by either constant government manipulation or skewed by high frequency trading algo’s. Good technical analysis depends on market participants operating independently from one and other. That is not the case these days.
Yes, Norcini uses Fibonacci, but he interprets it through the lens of a trader who knows the rhythm of markets and mindset of other traders. In a way he trades the trader.
Congratulations on the $3000 you have made in the market this year. That must seem like a lot of money to you. But, understand if you were as good as your words are strong you would be making a hundred times that like some of us here at SD have by “being right and sitting tight”. That’s Jesse Livermore, one of the great traders of all time.
Well i was quite sure what I said was going to illicit a reply, but i will allow myself this point and then I think I am finished. I believe you miss my point. I do believe markets are manipulated. However, every time I hear one of these guys in the silver cult crying because they got their butts reamed by some squeeze or another, I go over and take a look at someone else’s work who has not only explained away the occurrence quite easily, but had been warning about it for several months.
Norcini is not the only one I follow who uses fibonacci retracements. Norcini and a few others had called the crash to $26 of this year while many others, including the above mentioned, were crying out manipulation. Their problems? They simply didn’t see the bigger picture, despite their claims of being able to see it. Miss miss miss miss miss the mark…again and again.
Yes 3000 is not a lot of cash, and I don’t try to sit here and say it is….however, the fact that that is my FIRST profit ever taken and the fact that it was taken in contrast to the calls of the above mentioned as well as plenty of other voices constantly heralded in the silver cult does say something. I am not sitting here saying I know more about the market, but what I am saying is that I am not NARROW MINDED like these. If I happened to have more money just sitting around, I assure you, that 3000 figure would be a much bigger figure.
I am happy they are fighting for fair markets. But it helps to be correct once in a while, and I am not so stupid as to trust my money with their judgment calls, nor do I feel right referring anyone else to them for information. The good news is I have become much wiser as a result of such ignorance.
Good day. I hope I did not upset the roost, however I felt compelled to say something as I was disappointed to see one of his ridiculously biased posts on here.
Agreed, not every down draft in the price of gold and silver is a cartel raid. And most of the commentators in the precious metals space are wrong as much as they are right. That’s why trading is so difficult and a suckers bet. When you’ve been at this as long as I have and you have paid your tuition at the school of hard knocks a few times, you come to realize the best play is the simplest play….you buy the physical, take possession, and sit tight.
How can the precious metals buyers be the sheep if only there’s a small fraction of the US population that buys them. Most of the people are investing in the US dollar because everyone else around them is doing it so they are the sheep.
welcome to philosophy 101. A group is referred to a as “sheep” not because of the fact that they are 1 small group distinguished from a larger. They are referred to as “sheep” because of the way they tend to think, even among themselves. One of the most common reasons why someone will label another person a sheep is because of some sort of character flaw.
Why is Rocco one of the SHEEP?? You need to reread what I posted. Why don’t you go ahead and reread what he posted as well. Eventually, it will clear up for you. I promise.
Rocco et al likes to malign other people who do not “stack” the same way he does. Anyone who does otherwise is ignorant, stupid, foolish and a host of other negative things. The only thing he reveals is his own igornace.
The same thing goes for ‘ranting andy’ give me a break. You know, the guy who has a business to maintain. As I said earlier, it will sink in eventually.
driven81… It looks like I missed your comments. Of course we are all free to share our opinions. I have stated… and will continue to say that TECHNICAL ANALYSIS IS DEAD. You can’t rely on technical analysis in a totally manipulated market. Now, I understand that you don’t believe it and I gather you have made some nice FIAT PROFITS on your trade. Good for you.
However, I explained my case on this very issue in my past article titled ‘THE COMING PARADIGM SHIFT IN SILVER”. How can silver be traded freely when there are massive paper contracts whether they be futures, Pool Accounts, Silver Certificates, ETF’s or Derivatives backing only a fraction of a fraction of physical silver?
How can silver be traded freely when the gargantuan $100′s of Trillions in INTEREST RATE SWAPS control the US Treasury Market which disorts the real interest rate. Thus, gold and silver are held down in value as the real interest rate is also manipulated.
You may feel free to call me the SHEEP, but dear sir, I believe you are. You don’t realize the CLIVE MAUNDS of the world actually help the Central Banks- Bullion Banks push their PAINTED CHARTS on the investing public.
driven21… I will not change your mind about manipulation and you will not convince me that I am but a mere SHEEP. You don’t realize that you are also going along with the Central Bank Play book (in manipulating gold and silver)….HOOK, LINE & SINKER.
So be it…
Fair enough rocco, but I never said I don’t believe people try to manipulate markets, and I didn’t say Clive Maund doesn’t back central banks. I don’t know either way. But what does that have to do with his forecast? No matter his reputation or motivation, we’re either headed for a crash or a parabolic move up. Which one do you think is going to happen?
As far as “technical analysis” goes, if you think I do the sort of analysis tfmetals does, you’d be mistaken. I’ve only read a few of clive maunds pieces. But one person I do recommend you start listening to is Martin Armstrong, the master of business cycles, who predicted the wall street crash of 87 to the day, as well as many other economic booms and busts worldwide. You all hate him very much because he doesn’t constantly tell you to buy and hold. Why? Because he is real. There is a time to buy and hold, and there is a time to SELL…that’s right SELL. But even now he is speaking with governments worldwide about economics. Where are you? In your mother’s basement? I don’t care if he went to prison, and I don’t even care if he was guilty. All I care about is whether or not he is correct. Something that you my friend, have a bit of room to work on.
The western investing world knows nothing of business cycles, whose primary principles can be found in everything from war to weather. A traditional economist would have no clue how a business cycle works. I bet though, that a few top notch bankers, of whom I believe are fully aware of what is about to happen do understand business cycles. That is why you saw those massive shifts in silver on Friday. Oh they know whats coming. The question is, do you?
You know why i have grown to develop a dislike to people like you? Because you have no clue how to incorporate good advice into your own if it does not originate from you. Anyone who is contrary to you is foul. You are foolish. You need to look no further than that fact whenever you discover you are wrong.
driven81… interesting reply. You reply by saying “Fair enough”, but then ask me if I live in my mother’s basement or that you have “grown to develop a dislke for people like me.” I find this type of response quite interesting.
By the way, I have been reading Martin Armstrong for years. He wrote a 30+ page article on the Collapse of the Roman Empire and explained it in detail providing the different eras by the coins minted at the time. Martin’s company actually purchased over $1 million worth of old roman coins to get as complete of a set that they could with all the Emperors and themes of the time.
driven81… you make assumptions about the person you are replying to that does not reinforce your position. The only reason why I stated that you might be the SHEEP… as I was mirroring your statement towards me.
That being said, I plan on discussing this whole topic on TECHNICAL ANALYSIS in my next article… so I will not waste the time here trying to explain it to one person.
Lastly, Martin Armstrong’s Pi-cycles is indeed an interesting and fascinating tool. However, nothing is always correct. Peak Oil will destroy the cycles faster than his cycles represent.
Seems to me that David Morgan is totally bereft of any understanding that MANIPULATION is real.
I’d throw him in with “analysts gone bad” for sure, even though my exposure to him is a bit limited.
I have my own beliefs, resources, and strategies, a unique mix to be sure, and it works for me.
but we do as well as we can! My basis is THE FUNDAMENTALS
It would work better with more cash
and those point UP. So I just buy whenever I can, and I have gotten great deals at opportune times.
My main concern now is developing a sell strategy, but it will likely be simpler than it seems.
Post-Apocalypse for sure! Grab the most undervalued assets at that time. Requires study!
PS: I’d enjoy a “bloodbath” in the Silver Markets, if it really dropped I could make a major purchase
and smile all the way! Paper Losses, who cares? “Someday, Alice, TO THE MOON!!!” ;)