Gold Is Going To Move Down Into A Yearly Cycle Low
As is always the case at these major turning points, the usual analysts are going to get it wrong again. The dollar is finishing an intermediate cycle decline, not starting one.
Stocks are dropping down into a half cycle low of intermediate degree, not starting another leg down in a bear market.
And gold is putting in an intermediate degree top and will drop down into a yearly cycle low; it’s not starting a sustained move higher. Seriously how do these guys manage to get it wrong at every one of these turning points?
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It's amazing how these so-called writers and analysts do not know what gold and silver is all about, the history of these. If they are so sure that gold and silver are going down, do they own 3x BEARISH ETFs, like DUST? I doubt it. Go ahead and short gold with all the money you have. When Ray Dalio says, "Gold Could Go to $8,000", you better listen. How about Marc Faber saying, "Buy GDX", back in November, 2015. Boy, was he wrong, huh? All the younger investors are so enthralled by these distorted markets, because of QE and low and negative interest rates of the past years, they think this is "normal". Most of the writers have been wrong since February, and they will continue to be wrong.
While I don't dispute some of what you say, I question your use of the statement "so-called writers." I've read dozens of high quality pieces by various writers here, How many articles have you written? You do sound what you are talking about, so I'd be interested in reading your articles if you have any. But if not, those in glass houses shouldn't throw stones.
Thank-you for your response. Please read Adam Hamilton's articles on gold and silver here on "Talk Markets". He explains why the gold bull run is just in it's beginning stages. I don't feel a writer who writes a 3 paragraph article has much credibility. Sounds like he had a time limit and was late writing his article.
Thanks @[Rich 007](user:5407), can you share the link to the article by Hamilton?
Just type in "Adam Hamilton" at the top of this page, and then in the drop down menu next to it, click on "contributors". His articles appear here and various other stock sites. Or just "google" his name. It should come up. Thanks, Rich