Ok prechterites... explain gold now..

i us to pay for that rage of a service he has and he has been calling for 300 dollar gold since well 350. the guys a clown.

Prechter is always given an audience when it is necessary to talk down the price of gold. It's his little role in this media/bankster created live-action drama.

If he would switch his argument to gold from the USD he would be 100% correct. Even worse than Prechter is Shedlock who is the worst kind of misleading idiot. You can't be a deflationist but bullish on gold. The two positions are mutually exclusive.

Ta,

that bad_sierra and jeff_8675309 are the same guy with split-personality disorder.

Is it true that you were Sierra... before? Why would you change it?

--------
We don't know how to mind our own business
'Cause the whole worlds got to be just like us
Now we are fighting a war over there
No matter who's the winner
We can't pay the cost
'Cause there's a monster on the loose

Prechter has been singing the same "deflationist" tune since at least 2002, and he's been wrong, wrong, wrong. I would love to know what the Short Term Update said about gold yesterday. For many months it's been saying gold was headed below 680. How short is "short term"?
Check this out.
... and this

I'm too lazy to research it myself, and besides, I think it is the responsibility of an author using an obscure technical term to offer either a literal definition, or at least to couch it in a more coherent context from which to derive meaning.

Also, my spell check doesn't recognize it either, offering such possible variant spellings as "preliterate", "prostrate", and "prematurity."

OK Sierra AKA bad_karma you have named names because you what a response. So here we go; starting with:

Your predictions almost 2 years a go that silver would be at $100 oz. before now. Follow by your prediction oil would go to $200 a barrel (amazingly you never mentioned Lindsey Williams until you were proven wrong about your oil pricing predictions). Then we had your prediction that the COMEX market would be forced to shut it doors by Christmas of last year and silver $25 by Thanksgiving. And let’s not forget, after the first of last year you prediction the dollar would be worthless ( Circa Zimbabwe) and after the market bottomed this year that gold and the Dow be soon be at the same level. At that time I believe you said 2000 or 3000 on the Dow and $2000 or $3000 for gold, I don’t remember, but I do remember it was ridiculous, as usual. Which bring us to now, and your assertion that “the shorts in gold and silver will be overrun” and “the Dow is headed to 4400”.

Both China and the US governments want a cheap dollar to support exports. The rest of the world would prefer a stronger dollar. Falling prices are a natural state of affairs because of rising productivity over time. Inflation is a direct (and unnatural) state of affairs caused by the Fed and fractional reserve lending. Consumer prices are experiencing deflation, with the consumer price index sliding for six straight months from year-earlier levels. So where is you claim to victory that the Fed has succeeded and we are now experiencing inflation and that is why gold is higher? Wrong! Assets are still in the process of re-pricing from the “asset bubble” bursting. A decline in Gold price, not value, is just water seeking it’s own level. View a decline in gold price for what it is, when this happens; a buying opportunity.

What you fail to realize Sierra AKA bad_karma is the difference between price and value. The price of gold is due to correct downward; when exactly, who knows, but in the short term it’s due. The important issue is the value of gold, as related to other assets, is NOT going to change.

Whether gold is trading at $1200 per oz. or $700 per oz. the value is the same as it relates to other asset classes. Gold correcting downward has no effect on its value. (Quit buying into the FED BS on pricing, you are playing their game). Downward gold pricing will only change because the other asset classes have fallen in price relative to gold. Your argument of a 4400 Dow would only support the argument of gold making a downward price move as it related to stocks as an asset class.

So what’s all your huffing and puffing about Sierra AKA bad_karma? You still haven’t been right about anything, just confused. The PM market has been in a bull run for a long time. A correction will be healthy for the PM market. You, Sierra AKA bad_karma have a lot to learn.