So does this mean what happened with most precious metal stocks today is just the start? Would this mean it's a good time to sell off stocks an then hopefully buy back in when they're bargain prices again?
Silver searcher your both deluded and wrong. Your wrong to say we don't like his predictions, rather we think he is full of shit when he claims to have put money where his mouth is and shorted the market. Someone has shown that in order for him to have done what he claims he would have had to have committed huge sums of money for small amounts of profit eg $40k risk for $400 return. Your deluded in thinking he is right, his short term calls are generally correct. They are not and it is evident you are either engaging in some trolling or are mentallyiincapable of looking at his past calls objectively and seeing how wrong he has got it.
http://forums.silverstackers.com/topic-70333-silver-and-gasoline-ratio-points-to-10-11-bottom.html Leon makes call that silver will reach $10-11 usd So who had egg on the face? Funny thing is I could revive many threads where he made bad calls then just starts a new thread a couple of days late. The one consistent with Leon is that following his advice will lose you a lot of money"
Serial, in the post " Silver and Gasoline ratio points to $10-$11 bottom " Leon uses a comparison based on ratios. He doesn't make a call that it will go down that low, his argument is that it's possible it could go that low. When Leon makes a call it will be more like this post. And it is possible ( most likely improbable ) that it could hit 10-11 dollars US depending on their currency as it's currently devaluing and yes oil prices can still get lower ( Leon gives no time line ) ( 12 months seems fair ). Never say never. As for Leon providing evidence, he's been around a long time on this forum and providing evidence is useless, as the shills still wont believe it. Point a finger at a black wall and they will argue it's white. No shades of grey with some of these morons on this forum. I expect a lot more egg facials coming from Leon in the future, unless some prefer a different kind. :lol:
I don't like making too many predictions, I let Leon do that. As I said, " a fix is a fix and remains a fix ". Unless there is some economic cataclysmic event what will change the London Fix ? Even the Deutsche Bank got caught out recently for market manipulation, but still no change. Over 3 years now of bullion going sideways. I personally think keep buying physical metal now, as for me its just another form of saving. I can't speak what others should do, as that's up to the individual. As for me I have many forms of savings such as stockpile wood for heating a wood fire, grow food on my 2 acres of land, buy half price essential food and stock pile it. Buy under valued items now cheap and resell later. I rent one house out to pay off the one I live in, and change banks that offer lower interest rates. Find the cheapest power companies every 12 months. There are many alternative ways to become wealthier, but most only think of bullion or stocks. What did I do with my retirement funds that are sitting in stocks ? I went to Retireinvest late August 2015 and pulled all my super and put it into cash rates. So there's one little hint what I currently thinks of stocks lately...Cheers
Yet another shill pipes in after a troll post by silversearcher Leon has been as consistantly right as he has wrong so is as good an oracle as a coin toss and has never made a trade on this forum nor backed up any of the bullshit he talks with evidence Come to think of it with only 6 trades on the board your not much better silversearcher . the accusations you throw at others are more applicable to you/leon
Serial, I'm leaving positive comments about Leon as it is his post. Your the one with negative comments and harassing him for proof. That makes you the troll. I always have read and followed Leon's posts and enjoy the interplay that Leon uses in them. If you don't like his posts then move on. As for you, judging a person on trades whether he or she is a legit stacker is a joke. As the vast majority actually buy outside the forum. I guess you want a full stack video from all members with less that 10 trades as proof they are stackers now ?
Yep. Leons calls may be complete crap but theres no need to launch personal attacks on him. Its meant to be all in fun right?
there are just not enough crazy out there buying enough gold and silver by the 100 of billions a click :lol: because once they buy, they are smartest of all :lol:
http://www.zerohedge.com/print/531039 Goldman Closes "Short Gold" Recommendation With 4.5% Loss; Will Continue Buying Gold From Its Clients
So, here we have the charts of silver and gold over the last 60 days and last 24 hours. If you shorted silver then your timing would have had to be incredible to catch the small dips on the way up:
I'm crap at predicting prices too, but this call to short silver back in late April hasn't panned out too well:
thankyou silverpete, I am sure silversearcher will still try to justify leons call in the face of overwhelming evidence that he is useless at picking the market as for accusing me of harassing him, when I see a bullshit artist I call bullshit
Pete, you need to quote these charts in US Dollars not in AU. The Aussie dollar was above 0.75 I believe at the time. At the moment can't really compare, as our currency has devalued so much against the US Dollar in recent times, pushing our silver spot price much higher these days due to deflation. Leon doesn't give a rats about shorting in our currency that's why he quotes US Dollars. Looking at kitco historical charts around April 27th 2016 silver US was around the $17.40 US mark. And it did consolidate under around $17 US Tuesday ( Australia ) this week . At the moment it would be suicide to short with our Aussie dollar deflating at the pace it has in the last couple of weeks. Leon, got it right. I hope you realise that spot price of silver / gold will always goes up as our dollar goes down ? As it's pegged to the US dollar. I think downward movements in US dollars under $17 US is quite likely, but here on OZ with our currency deflating less likely at the moment. [imgz=http://forums.silverstackers.com/uploads/9345_charts.jpg][/imgz] [imgz=http://forums.silverstackers.com/uploads/9345_charts_2.jpg][/imgz]
Serial, do you actually understand that Leon is trying to short in US Dollars not Australian Dollars ? I wonder if you can grasp the concept that our currency is pegged to the US Dollar ? With the above statement clearly not.
