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Today GB calls for Gold to FALL when europe begins to default..

NumbersUsacomNumbersUsacom Posts: 1,457 ✭
in Precious Metals
OK he said 15-20 days ago Gold/Silver can only go up from here and it did for 2 days and then tanked fantasticallly.

So this time he says it will fall when the european countries begin to default. So being so wrong last time I'm going to try the

idea of reverse investment methodology. If he says up up and away, I either sell, hedge or hang tight, and if he says the sky will fall then

I buy buy buy.

If this don't work I'll go back to the tea leaves that every body else seems to use.
NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac

Comments

  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    That guy deserves his own network.
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    goldline's not goint to like him doing that, unless they are in "buy" mode. image

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    He may be right. Gold may fall, and if it does, it will bounce back sooner than, and in relation to most everything else. Gold is essentially a vote of "no confidence" in the governments. Gold reflects the reality of a situation, more or less. Government edicts seldom do.

    Let's recall the crash of '08. That wasn't the end for gold, but the stock market still hasn't recovered to its previous levels. This time around, it may be even more dramatic. Expect volatility. Just because precious metals are going higher, it DOES NOT mean that the journey will be fun. These really ARE precarious times.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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