Mahendra predicts 550 gold in 2010 says to buy puts
We predict gold will come down to around $550 in 2010. Is anyone there predicting the same? Maybe not. We do because we trust planetary movement and they never let us down. Current trend has trapped many short sellers and until each and every short seller goes out of the trade gold may keep rising for the next five weeks from December but we don’t recommend any buying, short term trader can trade on our recommendation but my warning on metals is very much in. Mahendra
He said we were crashing in each of the last 5 years. The guy is an idiot and anybody that posts his crap, or buys his newsletter oughta really investigate their own minds! Gold to $550, but he forgot that mars said to put a 1 in frontof the 550.
ok lets get serious here you fuken crackpot.... gold just barely made it below $700 when the dow shed 7,000 points. what the hell makes you think it stands a chance of going to $550? Supposing the trend is kept and $550 gold is brought forth by a 5000 point dow, I am left with one question for you: Where and how are you going to spend your profit? At the supermarket that is on fire with riots in the parking lot? At the mall which was shut down due to 80% of the merchans defaulting on their leases becasue everyone is piss broke? Or did you plan to spend it on ebay and hope that pirates don't hijack the mail truck?