Re- 'You too can go back and read his post from the summer of 2006. I was an "audience" member of his writings, and I walked away at that time believing he thought the gold bubble was over. If that upsets you, I'm sorry. '
Okay, now I get it.
I thought it was ALL about politics. But, your a permabull who got crushed in the summer meltdown and shakeout in 2006. I too remember that well, too damn well in fact. That's when I signed up for SI after having just been a casual reader. Here's what I remember-
- Slider calling the commodity run up a bubble and issuing an exit call.
- Slider posting cartoons of shitting elephants, of atomic bombs exploding, of the Hindenberg and clown photo's of Jim Sinclair over his 'hold tight' call directly into the collapse.
- Slider issuing 'The Chart' and telling us that the trading range itself was the trade.
- Not only did he call the trading range as the trade, but then he told us about 2nd yen trade carry shakeout and called the bottom and the reload PERFECTLY.
Rightamundo on all four counts. You correct me if I'm wrong.
The F'n guy not only was right- he did everything but drag permabulls by the scruff of the neck away from the permabull cheerleaders. I lost my ass following a guru silver call right off the cliff in May and June 2006. But that was ALL my fault. I read that guys analysis and 10 others, then weighed it against my own- and pulled the trigger myself. It's all on me- no one else.
What Slider did and said- while basically rubbing my (our) faces in it- was dead right. It was a bubble and it took gold and silver nearly a year and a half to break out of its range again.
Now I understand that many people will never forgive the guy for posting all those pictures of atomic bombs going off, of elephants shitting, and taunting the cheerleader permabulls. You know, if it wasn't so damn funny, and if I didn't recover from that shakeout, I'd probably hate and blame the MF'r too.
I have to admit at times I thought the sob was evil incarnate. I mean one minute he's the biggest cheerleader in the world, and the next- he's posting pictures of the damn Hindenberg blowing up and taunting the cheerleaders. But, finally the lessons sunk in and finally- I got it! The swings are too big and happen too fast for this to be a buy and hold market. And I finally stopped being a damn cheerleader and started being a hard nosed investor and trader. Call it tough love. Call it what you want. Finally it sunk in.
I bet there are one hell of a lot of bugs out there who got so beaten up by some of these corrections that theyve been gun shy- or chasing the stocks ever since and have missed this incredible move since the big washout last August.
You weren't one of them now were you?
Nah. Never.
Ron |
