The final bottom for gold and silver prices
- Thread starter leon1998
- Start date
leon1998 said:gold @900
silver @8.5
During the process, many miners will go belly-up; as well as many jobless stackers.
Time frame: 2 years.
http://i58.tinypic.com/985x02.png
You are aware that Rambus' track record has not been very good. His regular market portfolio gained nothing over its first two year period at a time that the overall market was up around 45%. And if you included trading commissions, that portfolio lost money. Rambus' method is that when something goes up, he goes triple long and when something goes down, he goes triple short.
From what I have read over the last 2-3 years, Its a Mystery has a far better track record and his/her advice is far simpler.
mmissinglink
Active Member
Niveka said:
"MoNstEr StacKeR LikE $5,000 gREeN bOx"
Bullion Baron said:
Web site http://rambus1.com/
Has a 5 day free trial.
Tried his service for over a year, but dropped it last fall due to his poor performance. On the positive side, his pm portfolio was ahead for the life of that portfolio and he did call the drop in pms from late 2012-mid 2013. Unfortunately, he gave a lot of those gains back by whipsaw trading during consolidations. If you joined his service around mid 2013, and followed the advice on his pm portfolio, you would have lost about 30-40% in 12-14 months. I may have the ups vs. downs reversed, but I remember one time, he went triple long and pms dropped. Then he switched to triple short and pms rose. Then he switched back to triple long and pms dropped. Then he switched back to triple short and pms rose. Each of those trades was losing about 10-25%.
Since you are getting delayed recommendations (around 15 minutes later), your performance will not match his portfolio and they do not subtract trading commissions when calculating gains/losses.
Rambus' use of the triple long/short positions and the fact that he will often switch directions on little notice, requires you to stay glued to your computer screen. Rambus is a very knowledgeable chartist, but his trading system requires too much time and energy.
Contrast Rambus' system with It's a Mystery (IAM). If anyone had paid attention to IAM, they would have avoided the drop in pms. I don't know how far back IAM posted the correlation between the yen and gold prices, but I first saw his chart in February of 2013. Could have exited pms with gold at around $1650 and silver around $32. Anyone like to sell at those prices now and have avoided two years of misery?
I think PMs are going lower but I think a lot of it is going to be dictated by external factors that don't show up when you draw fibonacci markers on a simple price chart.
Everyone is convinced that gold and silver are headed for a fall because we gave up 5 weeks worth of gains? We're still up on where we were 100 days ago (though not on the 100 day MA, I think) and gold has fiercely defended $1200 closes (though I'm seeing $1199 right now).
I suppose my point is that there probably isn't big gains ahead in the near term but when you factor in the AUD I wouldn't be holding my breath for $1350 aud gold/ $17.50 aud silver.
My money is on some sideways action within a 5% band either side of the current price trending down very slowly.
Of course if we get a close below $1200 then the TA crowd all get out of the market together and they get to say they were right even though the prophesy is self fulfilling.
I always wondered if you could track the increase in accuracy of TA aping with its increasing popularity since everyone is reading off of the same song sheet.
Everyone is convinced that gold and silver are headed for a fall because we gave up 5 weeks worth of gains? We're still up on where we were 100 days ago (though not on the 100 day MA, I think) and gold has fiercely defended $1200 closes (though I'm seeing $1199 right now).
I suppose my point is that there probably isn't big gains ahead in the near term but when you factor in the AUD I wouldn't be holding my breath for $1350 aud gold/ $17.50 aud silver.
My money is on some sideways action within a 5% band either side of the current price trending down very slowly.
Of course if we get a close below $1200 then the TA crowd all get out of the market together and they get to say they were right even though the prophesy is self fulfilling.
I always wondered if you could track the increase in accuracy of TA aping with its increasing popularity since everyone is reading off of the same song sheet.
I understand the day traders worrying about all this but the price as shown is a paper ponzi. I'm amazed that you can get physical anywhere near these prices - as quite a few central banks appear to think as well! If it works out that I can buy ounces of gold for a thousand dollars I'll be waiting in the queues around the block at Goldstackers and maxing the credit card everywhere I can online.
Unless there's one or more Black Swan events.
A Further Economic Slowdown in China
Australian Dollar Crash
A Russian Debt Default
A Eurocrisis Redux
Social Unrest in Oil-Exporting Countries
The Birth of Additional Failed States
An Overall Decline in Global Growth
Cyber-Attacks on Financial/Government Infrastructure
A Significant Terrorism Surprise
A Further Economic Slowdown in China
Australian Dollar Crash
A Russian Debt Default
A Eurocrisis Redux
Social Unrest in Oil-Exporting Countries
The Birth of Additional Failed States
An Overall Decline in Global Growth
Cyber-Attacks on Financial/Government Infrastructure
A Significant Terrorism Surprise
phrenzy said:
If you believe the world markets and mainstream media are manipulated as I do. I read recently there is a 7 year cycle and prophecy that goes back to the ages that is due on the above mentioned dates. I don't believe in such things. However, Im of the understanding they do believe very strongly, and If they are going to crash the markets, catapulting silver and gold northward, it would be reasonable to think they will schedule it to coincide with these dates, and by doing so anchor further beliefes in the prophecy and their divine right.
Wow... thats deep isn't it....