You are impressed by the same guy who said what I quote below. You are easily impressed. Read em and think.
1978 "Sinclair became bearish but got out when prices hit $265 an ounce in late May.” – Newspaper article
1979 Jan 5 "Sinclair a recognized expert on the global gold market is warning his international clientele that he is bearish on the metal for the next 18 months and bullish beyond that time." - Newspaper article
1993 Apr 15 The Bear market in gold is absolutely over. - JS
2010 Feb 11 This Is The END - JS
2011 Apr 29 Formational breakouts are selectively happening in some precious metals shares. - JS
2011 Jul 15 Gold Milestone at $1,754 Paves Way to $12,000 - JS
2011 Sep 23 Market Violence Will Create Large Bear Trap - JS
2011 Sep 27 We now expect a bottom action to occur at or above today's low of $1535 - JS
2012 Apr 25 Shorts Now Trapped & Gold Could Gap Up to $3,000 - JS
2012 Apr 30 I told you my clone would arrive. - JS
2013 Jun 10 Get Out OF The System - JS
2013 Jun 14 I will sell anything I can, not gold, from cars to boats to houses to buy my favorite gold shares. You should do the same. - JS
2014 Jul 14 There is a strong possibility that this is the last take down before gold trades at new highs. I feel this is the situation. - JS
There is an important difference between Armstrong and Sinclair. Armstrong would like his followers to make money by following him.
Yes HCTH Annie, where did you first see the recommendation? It would be good to help track down the culprit to aid the SEC investigation.
Reminds me of the expression "You can't plant a row of beans crooked around here." It means the neighbours (yes its spelt with a "u" here) are always watching.
During at least three of those the dollar went up. Gold went down. Perhaps if jsmineset forum was a forum Sinclair could join in some in depth discussion about this. Do you realize Sinclair has never engaged in any open discussion about any topic ever. The great guru who claims to run a teaching forum has never done that. Only puff piece interviews on KWN and the like.
Cut and paste MAGOO throws out some fear porn for the cultists. He used to say the falling dollar was a signal of colossal financial events. Just keep cutting and pasting MAGOO.
As the ratio of gold to wheat and other commodities is very high it cant be wholesale suppression of the gold price. That's obvious. Fiddling around the close or open prices to skim some advantage in options values or high freq trading maybe. But no excuses for the gold perma-bulls.
Have a listen to this. Good for a laugh. Beware you brain will shrink. Remember Sinclair endorsed this guy.
More like The Black Knight. From Monty Python, excuse me if Im showing my age. You younger ones might want to youtube it. :)
I always thought Dan would go down the subscription path. He realized his cred was dirt if he kept with Sinclair. Sinclair probably led him into some of the stinkers on that site. I notice his contact details have gone from the mindless site. I think he feels he has something to offer but the fact he has a subscription site indicates he isn't totally busy trading and rolling his profits into more profits. So his stuff is "OK" but perhaps not effective.
"Let me take a moment here to express my utter disdain at the charlatans in the gold cult who are once again out making more excuses for their pathetic predictions of soaring gold prices, etc., By now you know the usual drill – make fearless (and idiotic) predictions of “this is it”; “gold to soar”; “Chinese and Indian buying to take gold to new highs”, blah, blah and more blah. When gold drops lower and their useless predictions are found to be vapid, they trot out the usual “this is official sector selling of the gold market to suppress the price”, drivel.
Let’s be honest here – these quacks no more know what gold is going to do next than my dog does. Yet for some bizarre reason, which I still am unable to comprehend, in spite of a treasure trove of failed predictions, the naïve gold cult devotees still put these people on some sort of pedestal and dote upon every phrase and sentence coming out of their mouths as if they are the modern version of the Oracle at Delphi.
Reader – if you are one of their victims, WAKE UP. The charts will tell you what you need to know and right now, the charts, as they have been doing for some time now, say, the price is headed lower."
Like who would he possibly be talking about? hahahaha Dan the bizarre reason is rationalization of cognitive dissonance, same as any cult.