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SPDR Gold Shares Message Board

  • equine_genius equine_genius Aug 7, 2013 2:32 PM Flag

    BEAR market reality for fatally wounded golds/silvers

     

    As a genius student of market historicals and technicals, whose knowledge vastly exceeds any typical inherited money ivy league she-male bozo on wall street, I can state one thing categorically about the rotten golds and silvers:

    when a sick sector features gold bullion that crashes more well over 100 bucks in a single day....and when every single burp upward thereafter is but a mere fraction of that crash figure...and when there is NO historical record of gold ever jumping a triple digit figure in a single day....and when all golds and silvers are incapable of mounting consecutive days of notable gains....then that is all you need to know WITHOUT DOUBT that these dying golds/silvers are now in a multi-year vicious BEAR that will see the majority FAIL and DISAPPEAR.

    FACT: in all genuine sustainable bullish uptrends, such genuine bull stocks sustain notable gains for at least 7-12 CONSECUTIVE DAYS....and you can NOT deny that the sick golds/silvers NEVER NEVER NEVER sustain their puny gains for any duration.

    It's a gold/silver BEAR, it will last at least another 10-15 years, and 90% of listed gold/silver companies will go under well before the BEAR ends, with the GLD destined to trade in single digits.

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