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Strategies & Market Trends : Ride the Tiger with CD
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To: riversides who wrote (138385)12/3/2008 12:40:23 AM
From: jennifersilversun  Read Replies (1) of 312908
 
hmmm. . . and on march 24 he reminded readers that he had prophesized the metal correction before moving on to advise them to start buying shares again, stating "I'm a buyer and you should be buying with both hands."

and then on august 4 he said that the bottom was in or near in. so basically when gold was over 1k and ounce and silver breaking the 21 handle he said a top was in. that's a little different from taking steps to protect one's capital from the shock of global deleveraging.

hoye, faber, mish, and cara have only recently give the all clear signal on buying metal stocks. faber may have forecast a general equities rally in october that, uh, failed to materialize, but i don't recall that he advised to actually go get goldie equities.
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