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Nadler bloviates again!

CaptHenwayCaptHenway Posts: 32,127 ✭✭✭✭✭
in Precious Metals
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Can we safely assume that this means that China is trying to drive gold down just before they make a big buy?????

TD
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.

Comments

  • jmski52jmski52 Posts: 22,825 ✭✭✭✭✭
    It sounds as if China is being deliberative and methodical in their acquisition of a significant gold position.
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  • pmcollectourpmcollectour Posts: 1,211 ✭


    << <i>

    Can we safely assume that this means that China is trying to drive gold down just before they make a big buy?????

    TD >>




    Yes
  • KUCHKUCH Posts: 1,186
    Buy the dips.image
  • BuffalodeBuffalode Posts: 339
    I wonder if Mr. Nadler will write an article quoting those who believe gold will reach $1300-1500 an ounce the next time gold spikes up $30+ and the stock markets drop 3%? Probably not.
    Bob

  • BBNBBN Posts: 3,761 ✭✭✭
    The WSJ had an article about a coming economic collapse in 2011. While I don't see $1500 gold by 1/1/2011, I do see it by no later than 12/31/2011.

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  • RGJohnRGJohn Posts: 402


    << <i>The WSJ had an article about a coming economic collapse in 2011. While I don't see $1500 gold by 1/1/2011, I do see it by no later than 12/31/2011. >>



    We needn't concern ourselves with 2011 as the Nayam calendar, proven invariably correct, has determined that our earth ends 8/9/10 or August 9'th of this very year.
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  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Thar she blo.....viates again Cap'n!

    Always interesting to see Nadsless comment on EW analysis:

    EW analysis confirms an on-going (but worrisome) disconnect between gold and silver, as well as other assets. Despite allowing for a speculative-fueled run to $1346- if conditions converge in an ideal manner- the Prechterian angle still tilts towards characterizing recent chart traces as a top. Support at just under $1200 is critical to maintain. Overhead resistance is manifest from $1230 to $1240 and on up to the just-above-$1250 level that gold touched earlier in the week.

    I was checking out a thread on Kitco today and it listed Prechter's gold calls back in 2002, 2004 and 2006. What was most interesting was that he was calling for a B wave top in each case prior to another crushing C leg. In all 3 cases he was wrong. And in each case he lengthened his B leg systematically up from $400, to $735, and then finally to $1033 before getting finally getting his big down leg. And all along he was looking for $200 gold on that final C leg. This was all based on their state-of-the-art analysis of Elliot Waves. Nadler has good company.

    China wasn't telling us they were buying gold when effectively doubling their holdings. I rather doubt their public persona is what they're really doing. Considering they have 300+ tons/yr of gold available to them from mines located in China, why bother to go out in public to get the gold when it's already in your backyard?

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • CaptHenwayCaptHenway Posts: 32,127 ✭✭✭✭✭
    I do not trust China.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • BuffalodeBuffalode Posts: 339


    << <i>I do not trust China. >>



    Good point. Nadler's articles always leave me feeling like I must have missed something, including in this case why anyone should accept everything China says at face value.
    Edited to add I wouldn't blindly accept every statement made by any other government either. Actions and words can be a lot different.
    Bob

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