| | | GOLD - with 'ol yeller in the pool taking a bath, it's time for one last catch-up session for the hundreds of new subscribers and thousands of lurkers following along.
As Gold ascended towards its final highs last summer, one might be hard pressed to find a trader more convinced a permanent top and new bear market was fast approaching.
The first volley was fired in the following post...
Message 32825505
"before resumption of the Great Gold Bear Market of 2012 and beyond."
Message 32849230
"I'll be "All in" short Gold" ..... ( hilarious how that post was immediately countered in the media by Goldman's all-in long call on gold here, and it was actually trumpeted as "Goldman goes all-in gold" in many publications....https://www.marketwatch.com/story/goldman-sachs-now-expects-gold-to-reach-2300-an-ounce-2020-07-28)
siliconinvestor.com
"2 week "blow off" top" (based on a close above the fork on 8/7, a 2 week window for higher prices into a final top was allowed... which was a non-event... prices sagged into 8/21)
Message 32854519
A friendly message to everyone's favorite basement dweller was given on Sir Yardman's thread to get out of harm's way at 1934... that it was a Sucker's B wave rally. He listened and I saw his haircut...and though he still thinks the mullet is a trendy style, it was a vast improvement to ass-long hair. <g>
Sorry...He was so proud of his new underwear that he insisted on showing it off... :)
No, I didnt have the satisfaction of nailing the precise topping number in gold this time, but had the correct Ewave read , and with the pitchfork, was able to nail the window for a durable top in another high profile trading instrument.
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