Mike Maloney's latest clip

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yeah he does make some good points but he also look like a permabull to me...keep in mind he is making money by selling PMs, so it's in his best interest to convince you that NOW is the time to load up and spend...
 
wrcmad said:
For someone who likes to rag on chartists, he sure uses a lot of charts! :lol:

@19:45 "I do a little bit of technical analysis, but I don't like it......" {but here I have over a dozen charts to show you to explain my price predictions ....}

http://forums.silverstackers.com/uploads/4088_maloney2.jpg
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A bit later on he also says that 40+ % of the time the technical analysis is wrong and he tends to fall quite often into that category... :D
 
DanielM said:
Yes silever might have bottomed and it most likely will rise, but he doesn't explain why, sorry by to me it's just another chart monkey video with no solid explanations, he seems like a perma bull
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Yes, he is quite "perma bull" and do you know why? Because: he's a perma seller (at GoldSilver.com).

Anyway, he has talent, he's inspirational and he knows a lot of interesting details about PMs. I'm quite a fan ;)

This video was interesting, because it shows a possible bottoming for silver and gold. I think silver might have bottomed, but gold might go lower.
It's more likely for silver to have bottomed than for gold to have bottomed.

Also because: while gold ETF liquidations were increasing, silver ETF buyings were going up.

If silver has bottomed now... then it's worth buying!

If it hasn't bottomed, then the next support line is just a wee-bit lower, so it won't be worth risking and waiting for too long. Suppose it could crash further... far below 18-19 $... Let's say to 15 $ - the risk of waiting isn't worth.

Personally I think - it's good buying some silver now and, if it goes lower, then buy again. Just don't miss this opportunity at 22-23 $.
 
Phiber said:
yeah he does make some good points but he also look like a permabull to me...keep in mind he is making money by selling PMs, so it's in his best interest to convince you that NOW is the time to load up and spend...
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Yes, that's exactly right though, it doesn't hurt to pay attention to some of his analysis for our own economic benefit potential. That's how I see it.
 
I really enjoy how he presents information. I always find reassurance in his charts, for it is the long term- bigger - picture with which I am concerned, not the day to day changes in price.
 
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