Who are your top precious metals forecasters?

  • Thread starter Thread starter Emanance
  • Start date Start date
trew said:
Anybody that could accurately forecast price movements into the future would be busy making millions

not wasting their time publishing forecasts

:D
You said it best ;)
Or as Peter Davis says
If I knew what the price was going to do
I'd only do 2 transaction in a week ;)
 
I like Gregory Mannarino and that Fraklin Sanders guy from gold price.
 
trew said:
Anybody that could accurately forecast price movements into the future would be busy making millions

not wasting their time publishing forecasts

There is the odd exception, like Jim Sinclair, who has already made his millions and wants to give something back to the community before he calls it quits.

"I am committed totally to markets. I love risk and feel alive only when all is committed. Absolutely nothing else in the material sense interests me. Now that I have played the material game, even that no longer interests me. Money does not interest me. I have given away much more than I have. The game interests me. The game is called building companies and trading markets."

I can't for the life of me find the link right now, but he recently stated that his final goal before he retires is to accurately call the top in the current bull market, in order to cement his reputation.

He successfully called the top in 1980 and the bottom in 2001, so I have some faith in him :)
 
http://www.fgmr.com/trading-current-positions.html
Current Trading Positions

Trading Comments, 1 October 2012 (posted 11h00 CET):

No change from before, except we need to raise our stop-out points and also consider adding if we get a breakout. I do not recommend adding to our option positions.

I expect the precious metals to rally through the end of the year, with a new record high in gold coming soon possibly in October. The new all-time record in silver depends on when it clears resistance in the $36-$37 area. Once it does, as I have been saying for nearly a year now, look for silver to reach $68-$70 within 2-to-3 months after the breakout.
Everyone chilling and waiting for the breakout
 
Peter Schiff - Why Is Silver A Buy Now?

Some of his comments:

*QE3

*Currency Crisis

*Not too late to buy

*Don't overlook Silver

*The Silver chart looks better than the gold chart

*Relationship - Gold to silver 2011 peak

*Gold needs a 7% Rally - Silver needs about a 47% Rally to get back to the high

*New high in gold + new high in Silver

*Peter thinks both metals will make a new high

*Much more % gain by buying silver

*Historical relationship Gold - Silver For silver to get back to its 25 year ratio, silver has to rise 20% without gold going any where

*Bull market has a long way to run

*If you've only bought gold, now is an opportunity to buy silver

*Don't buy silver for more than 3% over-spot.

*Etc

Peter has been correct for many years; sure he flogs gold and silver through his company but he also provides logical comments and assessments of why gold and silver are rising.

Make note though- He sells gold and silver for USD :/ Yes I know, but if you follow him he explains why in other videos.
He's a great believer of getting out of USD by diversifying "off" shore.


Video

http://www.youtube.com/watch?feature=player_embedded&v=uOuAdZcGzoo#!
 
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