I have been following Sinclair for years as I am in my upper fifties.
Hulbert has ranked Sinclair dead last for many years.
You must be a young whip who believes the propaganda.
I'm older than you, am a pro in the biz, which necessitates that I look at things objectively, else, I could not have survived the 50 years I've been a stock market operator.
Sinclair has been right on all the way.
Sinclair thinks that gold has risen for reasons associated with fear, but that hasn't been the case at all. Gold has risen because gold miners went through a 20 year long bear market which impaired their ability to supply. Meanwhile jewelry demand grew with world GDP. Price had to rise to repair gold miner's ability to supply. The repair is finished and gold is putting in a major top. In any event you must explain why gold fell like it did during a financial crisis where it should have shined. There's only one explanation outside of the jail reason. Gold has risen to balance total supply and total demand, a process which has already completed.
The sell-off in gold in 2008 was little more than a retracement of its gains for the previous year
A continuous bullion chart shows the "sell-off" broke the 2005 - 2007 yearly trend. During that period Sinclair was awful. I was regularly logging into his site to monitor his opinion. Worse than wrong, the guy is a pathological liar. You know that. Why defend him? What is your ulterior motive here?
Hello out there. Earth to ahahahaha
The suckers are the ones who are built up by their accidental success, a success which convinces them that they know where price is going.
If you don't think the meltdown had anything to do with derivatives, then you must be living on a different planet.
Can you quote any evidence to the contrary? The out of hand information even at wiki agrees with me. It's clear that not only did you not understand what went on back then, but also that you still don't. This is common among historians too. They live through an era but look upon it from the media misrepresentation that distorts what they lived through but sticks anyway. Similarly, Sinclair had no clue about the financial crisis, that is if you can remember his comments, as he does the same thing as historians. He buys into the advertising because it fits his self deceit which he thinks brings him more money.
Why do you think the Germans are so up in arms over the derivatives issue
What are you talking about?
and why do you think Volcker has persuaded Congress to ban firms from trading them in a speculative manner?
Volcker rule wasn't materially included in finregs. It's interesting that if you look up "Volcker Rule" in wiki whoever wrote that article did a very poor job. That wasn't what Volcker proposed. I shouldn't be surprised. In this era I can't find anyone who can retain anything longer than than three months even in academia, that is, assuming they had it right in the first place.
As far as your China song goes, people have been screaming it was all going to crash for years and yet
Who has been screaming? |
