Clive Maund retracts ST bull outlook for AG, sees another dive coming

octapotamus

octapotamus

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Silver Stacker
http://www.clivemaund.com/article.php?art_id=67&PHPSESSID=7fe12674dbde218f94413a7b5391f896

I respect Clive Maund. Too many commentators, forecasters and posters seem to get married to their predictions and blame everyone and everything when they turn out to be wrong (note my restraint in using the polarising P-word). I deeply respect someone who has the balls to publicly state that they may have been wrong, and offer a more likely scenario after some further observation and thought. I also like his unemotionally encumbered, straight-forward outlook, something that is incredibly refreshing (as a newb) given the sheer volume of fear and panic vendors out there. Clap clap Clive Maund, and thankyou.

EDIT: I must add his outlook long term is of course extremely bullish, but you'll read that for yaself :cool: powder, dry etc
 
Can't see the big banks going long in silver, to their benefactors (USG) this would be treason and make the USD look more like toilet paper then it already does. Keeping PMs down is the aim of the inflation game and the puppets are the banks and the puppet masters are the Reserve banks
 
Damn you Clive, I took his advice from last week (which he refers to in this article as being "too bullish") and bought with the money I had.
 
^ Don't worry about it.
Think about the people that bought at $48!

Also, it's likely that even if the paper price goes down, you won't see the physical product prices follow - so you probably did OK.

I like the images Clive Maund put on his sight with the sheared sheep (ie. leveraged small-time silver buyers):

fleeced2b.jpg
 
Earthjade said:
^ Don't worry about it.
Think about the people that bought at $48!

Also, it's likely that even if the paper price goes down, you won't see the physical product prices follow - so you probably did OK.

I like the images Clive Maund put on his sight with the sheared sheep (ie. leveraged small-time silver buyers):

http://www.clivemaund.com/charts/fleeced2b.jpg
Click to expand...

Not too worried but would have liked to pick up a few extra bars for the same amount of paper money.

BTW, I think he's referring to the permabulls with that picture, people like Bob Chapman and even us stackers, he's making fun of us.
 
Not a bad move anyway, even if you might've been able to get a few more oz's on the drop, supply may be a problem (websites down for maintenance etc) and/or physical prices wouldn't follow suit as sharply.

EDIT: too slow.

Nah, I think he's referring to SLV/ETF traders trading highly leveraged long positions in paper that had bought into the hype @40ish. High leverage = tight stops. The smack-down would've blown them all away. Physical is rarely a bad decision if it is preserving wealth you are after, unless you buy at the very top but even then, there is still value in holding OZs I feel (this is what I tell myself anyway, having bought a few bits of $45 silver :/)..
 
I did warn you all that Clive is wrong & another dive is coming..... :D

At least he retracted now & didn't do a stella calling it after the event.
 
SilverSale said:
I did warn you all that Clive is wrong & another dive is coming..... :D

At least he retracted now & didn't do a stella calling it after the event.
Click to expand...

I like that part about Stella ;)

SilverSale, dude, we need to talk more...
 
BTW, I think he's referring to the permabulls with that picture, people like Bob Chapman and even us stackers, he's making fun of us.
Click to expand...

You only get shorn if you're forced to sell or you get shaken out of the tree.
That's at least one reason why I have ample emergency cash reserves.
You'd be playing a very dicey game to put 100% into the PMs.
 
SilverSale said:
I did warn you all that Clive is wrong & another dive is coming..... :D

At least he retracted now & didn't do a stella calling it after the event.
Click to expand...

what are your thoughts on silver after the drop silversale? you buying again? long term view for silver?
 
I don't know how anyone can accept these short term trends as we all know there are forces beyond the market that manipulate and distort. We all are in this for the longer term and who knows or cares what happens in the short term. When things happen there are complex and seemingly insightful explanations as to why this occurred. Very few pick these sudden trends and as each trend predictor makes several trend predictions they are eventually going to be correct - then we consider them insightful and knowledgeable - baloney. The only trend we can pick is long term months to years ahead and that is up. Short term is anyone's guess.
 
I like his analysis. It will be interesting to see if indeed it does play out. If so, I'll throw everything I've got at silver.
 
I think he actually changed his mind when he saw Bullion Baron was bullish.

What did I tell you Baron?

Down, down, down.... ROFL
 
I'd love a cuppa.

I'll also give a tip (without tickets :P)

Never rely on someone else's chart analysis, especially if you don't understand it!
 
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