/biz/ - Business & Finance

>>21362877

All the technical analysts got the 11 August drop right. Geniuses, the lot of them.

Like David Brady, who has been calling for gold to drop to $1400 since it was $1670, and for silver to drop past $16 since it was $18. He really benefited his followers when gold dropped all the way to $1860 and silver to $24.

Or Gary Savage, who held JNUG to the bottom in 2016 and got wiped out.

Or Heinrik Zeberg, who has been calling for $700 gold for years.

As I say, Twitter TA people are geniuses.

>>21313777

When you investigate these TA people you almost always find them to be frauds. David Brady is running his mouth on Twitter about getting yesterday's drop right, but he has been calling for gold to drop since it was $1670, and silver since it was $17; so what does it matter if they finally dropped from $2080 to $1880 and $29 to $25. He also shorted gold in late 2018 and missed the start of that bull market. Same case with respect to Gary Savage, who "called" this recent drop also, but held JNUG to the bottom in the 2016 collapse all the way to zero. Henrik Zeberg is another boaster about "calling" the recent drop, even though he has been calling for $700 gold for years.

I prefer to trust Peter Spina, Alasdair Macleod, James Turk, Andrew Maguire, and Craig Hemke. The people who rely on fundamentals and not meaningless lines on a chart. They have been far more right than wrong. Hemke, for example, called the silver breakout from $19 to $29 perfectly, as did James Turk; and that was on the basis of fundamentals, i. e. that J. P. Morgan would have to stop shorting or go bankrupt. https://www.youtube.com/watch?v=9EOPKizJ_Y4 Nobody should be selling anything. Don't miss the next move up in metals and miners, which could come at any time. Nobody can predict what is going to happen in this bull market, but you are more likely to lose by trying to jump in and out than simply holding your nerve and staying still.

>>20692266

The answer to what you say is contained in the very posts which you have quoted. We have been hearing from the TA people that the miners would crash for three months now. They missed making hundreds of % in gains. They will continue to miss more if they don't change their minds. All of them (David Brady, Northstar, etc.) are outsiders to the PM industry, and are intruding on a market which they don't really understand. As soon as Sprott placed an order for one tenth of the world's annual silver supply, silver soared from $19 to $23 faster than you could blink. That is the sort of financial environment which we are living in.

>>20676207

>>Why do you morons not understand that we will go through massive deflation first

David Brady has been predicting this since May. Led his followers off a cliff by doing so, just as he did in 2018. Shorted that gold bull-market also. "Deflation, then inflation" doesn't apply when the fundamentals are that a market is becoming unmanipulated, and a currency crisis is imminent. Investors are buying precious metals because they see that paper currency is presently about to become worthless.

Another point. Gold thrives during deflation. During the Great Depression, Homestake Mining (ancestor of Barrick Gold, which is in the GDX) went up 500%; went up 90% as the Dow was crashing 90% on its second leg down.

https://goldsilver.com/blog/how-would-gold-perform-in-a-second-stock-market-crash/

Gold has also thrived in the deflationary environment of Japan.

https://www.youtube.com/watch?v=w5ffEORwWkk

>>20579879

See >>20578931

Some people have lost the opportunity to double their money in miners by waiting with this "buy the dip" mentality. David Brady still insisting on "one last crash" since May which has never come.

>>20560973
>>20561018

Mentioned this information in the last thread, will bring it up again here.

*

"It seems that the doomsayers may have been wrong who said that metals and miners would crash with the markets again. I shared this link with /pmg/ a number of times during the past few months.

https://goldsilver.com/blog/how-would-gold-perform-in-a-second-stock-market-crash/

David Brady was the main person calling for a crash in metals and miners during the last two months, and he is currently blocking people on Twitter who even slightly question him and throwing a tantrum. Apparently, he did the same thing in 2018, after shorting gold just when the bull market was getting underway. Alisdair McCleod, Peter Spina, James Turk, say that people like him do not understand the way in which precious metals work. The imminent COMEX default, along with the Sprott delivery, changes everything. McCleod says that it is hard to foresee a correction under the present financial circumstances.

https://twitter.com/goldseek/status/1285312233308913671

https://www.goldmoney.com/research/market-updates/is-a-correction-due

McCleod: "... Meanwhile, some analysts are warning of a final shakeout before the next leg up in prices. With the current position as described above, that is hard to imagine."

>>20559427

Will repeat here a post I just put on /pmg/.

*

David Brady was the main person calling for a crash in metals and miners, and he is currently blocking people on Twitter who even slightly question him and throwing a tantrum. Apparently, he did the same thing in 2018, after shorting gold just when the bull market was getting underway. Alisdair McCleod, Peter Spina, James Turk, say that people like him do not understand the way in which precious metals work. The imminent COMEX default, along with the Sprott delivery, changes everything. McCleod says that it is hard to foresee a correction under the present financial circumstances.

https://twitter.com/goldseek/status/1285312233308913671

>>20558101

David Brady was the main person calling for a crash in metals and miners, and he is currently blocking people on Twitter who even slightly question him and throwing a tantrum. Apparently, he did the same thing in 2018, after shorting gold just when the bull market was getting underway. Alisdair McCleod, Peter Spina, James Turk, say that people like him do not understand the way in which precious metals work. The imminent COMEX default, along with the Sprott delivery, changes everything. McCleod says that it is hard to foresee a correction under the present financial circumstances.

https://twitter.com/goldseek/status/1285312233308913671