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SPDR Gold Shares Message Board

  • canine_cunning canine_cunning Jun 26, 2013 12:43 PM Flag

    more lessons for gold and silver suckers from a proven market genius

     

    Ok, ladies, listen closely, it's your intellectual superior speaking, and given my forecasts for these worthless metals have been INFALLIBLE over the past two years, you best stop mocking me and pay close attention to your obvious intellectual superior:

    1. there never was a genuine bull market for gold or silver these past 13 years......in REAL terms, after taking into account 33 years of inflation, the gold metal failed to re-establish a bull market.......it would have required a nominal gold price of 2000 an ounce for gold to move into a REAL bull market....but gold failed to breach 2000 and so on a supercycle basis, gold never traded in a REAL bull market., making it the 2nd WORST performing commodity in history, even worse than wheat, pork bellies, orange juice, etc.

    2. It is even worse for silver.....in REAL terms, after taking into account 32 years of inflation, silver failed to establish a bull market....it would have required a nominal silver price of 200 per ounce for silver to move into a REAL bull market....but silver failed badly and it remains THE WORST performing commodity in history, even worse than wheat, pork bellies, orange juice, etc.

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