Comment: Easy to take a point out of context

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Easy to take a point out of context

Goldspan, It's easy to take a snippet out of context of what I have said over a body of work.

And where do you get off saying I'm a Keynesian when I point out what some Austrians say that disagree with other Austrians?

Here is my body of work on gold, my expertise, the last few years. My "clients" buy gold and silver from me, and I challenge you to find anyone who sells gold and silver to have called the market better.

As far as me "disparaging libertarians," funny how you see that when I am simply discussing economic theory with you, and telling you how ridiculous the hyperinflation hawks like John Williams have sounded for the last 6 years.

As far as me "hawking my book," I'll do whatever I want to in calling the markets like I see them and criticizing those who I see as ridiculous in their comments. I did it with Celente recently to the last time you tried to critique what I have said.

If you don't like it, try going on Seeking Alpha and making over 2000 comments open to scrutiny from anyone in the world. Try writing an article and spreading your point of view and getting it by the Seeking Alpha editors like I have. I don't have to come here, but some people here respect what I have to say.

I pointed out where we agreed yet you want to concentrate on where we disagree. You have your own agenda of sticking up for those I criticize. Write about it on a public site and get back to me how it is received and your defense of it. Then publish your own book and try and make a difference in this world. I'm confident with what I write. I'm confident in my mission. I'm confident my clients will prosper in the years ahead.

Here are my articles in reverse chronological order:

December 2013

Gold and Dollar Down but Both Will Rise Next Year 

"You can see from this longer term chart that we are still in a Dollar short term uptrend since April of 2011 and the price of gold has fallen since about that time. The question a buyer of gold has to ask, is will the dollar break down from here or continue higher?  I am in the camp that it will break higher. This isn’t what a gold bull wants to hear, but for me to say this, it simply means that I am more negative on the Yen and Euro which make up 70% of the Dollar Index. If those go down in value, the Dollar, by default, benefits."
Why Gold and Silver Will Break to New Lows and Tax Moves to Capitalize Upon

"We are close to breaking the 52 week closing low in gold at $1,192 and do think we break the 52 week lows in both gold and silver and push toward $1,000 now in gold. It is even possible that Market Makers will push gold below the $1,000 mark into the $900′s, on one or two panic sell days. When we do get the final smack down which I have been patiently waiting for, I will be writing my all-in article. For now, I see an up month in gold for January. The one’s doing the selling for tax reasons today will reestablish their positions in the metals in January to take advantage of the coming break to higher highs. But I do expect that one more smack down."

November 2013

Fed Quantitative Easing Coming to an End Sooner than Expected?

I called the $10 Billion token taper. "Is there a chance the Fed may do a token taper to make the market think they still have control of the situation? Sure. Especially if the stock market is out of control and interest rates are low enough. But it won’t be much at all. Probably like the $10 billion that the market thought the Fed would do last time they met."

September 2013

Gold and Silver Are Insurance against $17 Trillion of National Debt and More

"Investing in physical gold and silver is not a profit driven investment. It is a mindset. It gives investors the same type of peace of mind that protects their wealth they receive by insuring their home, auto or health…just in case something happens where they need it. What other type of insurance gives a return that is guaranteed not to be zero and has a 4,000 plus year history of purchasing power stability? What other currency can claim such a track record? Is it the Federal Reserve Notes you carry in your wallet that have 42 short years of existence without a relationship to gold? If gold was so invaluable, why do all Central Banks own it? Why do we have any gold at Fort Knox? Why are Germany and other countries asking to take possession of their gold?"

Calling the Fed Taper Bluff and What Gold Might Do Next

I called the Fed Taper bluff. "I believe the Fed will come out Sept. 17th and 18th next week and say the economy is doing well, but we still need to keep an eye on things. They can’t possibly rattle the markets with any tapering action."

August 2013

Sticking With Stronger Dollar and Weaker Gold Through End of Year

When gold was $1,420 I called for weaker gold prices till year end. "Lastly, I will lay out the reasoning why gold could fall into the end of the year and why January may just be a stellar month and 2014 and beyond, stellar years. But we have to let this deflationary credit contractions play out a little longer."

July 2013

Nice Run Up In Gold and Silver Prices – Expect a Pullback

I called the pullback about perfectly. "Since we have had a nice run up in price off the under $1,150 lows for gold, and have now broken through $1,300, expect another test of the lows here at some point. Same goes with silver which has had an even better rebound off the lows."

June 2013

Is This the Bottom for Gold and Silver?

When gold was $1,223.40 and silver was $18.36, I said there is an 80% probability of prices moving higher. They did! "What gives me even more confidence that a bottom is in or close to being in, comes from the fact that 8 out of the last 10 summers, including the last 4 years straight, have been positive for gold (See Table Below). If you are conservative, this would be a safer play than silver right now, but personally I like the risk vs. reward for silver. The gold/silver ratio is almost 66 right now and I see that ratio returning to the mid 30′s range again."

April 2013

Gold and Silver Dead Cat Bounce and More Carnage to Come or All In?

I called the Dead Cat bounce reversal perfectly and gold fell $100. "After this recent run up in price to the present level of $1,470an ounce for gold, I wouldn't be chasing it. Silver has been a bit of a laggard compared to gold recently, and is showing greater signs of weakness, despite the more than $1 plus run up in price yesterday as it breaches $24.00 an ounce. $1,500 and $25 would be the round figures I see as resistance and the potential for the last and possibly final leg down for precious metals."

February 2013

Will the Price of Gold and Silver Keep Falling?

I said that I fully expect over the next few months the Market Makers to test and break the 200 day moving averages lower on both gold and silver. They did! "I fully expect over the next few months the Market Makers to test and break the 200 day moving averages lower on both gold and silver. "

Hey Gold Bugs! The Dollar Still Matters!

"So what's next for gold? A bounce followed by a further pullback in gold breaking to fresh lows is on the horizon. Market Makers like to make investors scream UNCLE, if they can. They will move the price higher over the short term with the goal of getting new investors to think the bottom for gold prices is in (especially those who buy on margin), and then pull the rug out from under them, slamming the price lower. I have seen this pattern 100 times. Eventually, a bottom will be put in, and I will attempt to call it."

Following are excerpts from 2012 articles:

Sept. 2012
"We will bottom out in gold and silver. Are we there now? I just don’t know. In 2008 when our economy headed south, gold and silver fell with it. It all depends on what comes from Bernanke’s mouth and the last think I think he wants is for gold and silver to go to the moon quickly. It would reveal just how weak the Fed is. While I believe the Fed is weak, it is still relevant in the minds of investors…..for now."

Aug. 2012
"Something’s got to give and the U.S. dollar, being the lesser of two evils and with better data at present, should benefit from this, possibly putting some pressure on gold and silver prices."

July 2012
"I feel we will be somewhat status quo with gold and silver for the time being, and I think we need to look for that one burst down for the final opportunity to catch the bottom. My advice is still to dollar cost average into a position and this will give you a better overall price."

May 2012
"Gold is still in its second and longest phase. The professionals will still try and buck you off the gold and silver bull. The dips will come."

January 2012
"I have been saying that while the U.S. dollar gains strength, primarily against the Euro, it could have some pressure on gold and silver."

September 2010
When the HUI (Gold Bug Index of stocks) was $512.56 I made a call to sell gold mining stocks and buy gold. Gold was $1,314.10 then. Gold today is $1,242 about an 6% loss. HUI is $209.90 today, about a 57% decline.
I’m Calling a Top On Gold and Silver Trades

Author of Buy Gold and Silver Safely
Next book: Illusions of Wealth - due out soon
Also writing book We the Serfs!