Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Jamey who wrote (5021)	4/21/2007 9:59:02 AM
From: RonMerks	Read Replies (4) \| Respond to of 50451

'It's pretty cute you holding up for a brash, egotistical big corporate bank string puller but it won't bring salvation to your viewpoints.' - Fortunate Son I'm not defending Slider. He's more than capable of doing that on his own. I'm merely pointing out the obvious. Your statement here- drives home the #1 lesson that can be learned from the 'SOB'- SOTB. And that lesson is to not let your emotions and your beliefs cloud your trading vision. I'm not talking about daytrading for .14 cent scalps on penny stocks. I'm talking about the only way to not get continually whipsawed and stopped out during ongoing volatility like we have had for the last year. Here is a prime example of letting your beliefs and your emotions cloud your vision: Fortunate Son:-'Gold is money no matter what it is priced by the FED. It will always have intrinsic value while FIAT will crash eventually. Gold is allready paid for! The dollar is a promise built on deceit, smoke and mirrors.' Your emotion and beliefs got you this: Now honestly tell me with a straight face that exiting last May and then playing the 'TRADING RANGE' as the SOB has posted now 17-20 times- was not the play? Show me another pundit, newsletter writer, of online so-called Guru who called the top, called innumerable shorting, exit/profit taking opps and turns and who plainly for all to see- said 'TRADE THE RANGE.' Could anyone have pounded the table more clearly? Go add up how many index points you would have bagged by simply following that chart. Now you can cuss, spin, denegrate and piss about the guy all you want. But, there's a reason the guy had 500+ bookmarks on SI before he ever started his own thread. To my knowledge- and I've followed the SI Gurus since the heady Tech days with Zeev Head and others. This guy is the ONLY guy who've I seen be literally the biggest bull AND the baddest bear in both oil, gas and gold & silver. You can not deny the balls and confidence he displayed like 2 years ago when ALL the gold and silver bulls had thrown in the towel and were crushed- and he stepped in and virtually alone on SI called the bottom, posted charts & TA saying the turn was near and called the breakout. He then took that breakout and flipped it- into Silver and Palladium and got a perfectly timed double/triple the return of gold and goldstocks. The guys was literally lambasted and run out of town on a stick when he swapped out of gold and into Palladium and Silver. You can't argue with that result. I remember the numbers. His return was the equivalent of like $900 gold and a 600 point HUI. And to top that off- he walked away in May- right at THE top and turned short. That I think was the final nail in his SI popularity coffin. Going short- just when bugs were giddy on giggle water and all the newsletters were shouting over each other to see who could make the most outlandish claim and price target for gold- literally turned him into the Anti-Christ for Gold Bugs. That May collapse was as bad as the collapse back in 1980-81. It didn't just crush the hopes and dreams of gold bugs. It tore out their heart and stomped on it. That's what drives you people nuts and thats why you hate the guy. Because he's made it look soooooooo damn easy and the fact that he turned on you- from being the biggest cheerleader on gold- telling us all to 'BUCK UP' (remember those days?) and then simply turned on a dime and walked away at the top- and turned short- calling it a speculation (just as Warren Buffett did). The thing that amazes me- is that pundits and gurus like Sinclair and the newsletter guys like Doug Casey and the Kitco crowd have never gotten their people out at tops and have never protected them from the 3-4 major meltdowns that we've had in gold. Not a single one. Its always mindless cheerleading and- 'buy weakness'- 'buy the dips'- as if everyone had an endless stream of money, or margin to keep doubling down. The reality is that the majority of bulls have been continually whipsawed by the volatility. The chart doesn't lie. And the threads on SI dont lie. Every single rally is going to the moon! The threads are filled with scores of posts, the mood is euphoric and everyone is giddy. But, then gold and gold stocks collapse and the threads go silent. And you see posts like- 'is anyone out there?' I'm just telling it like it is. Of course not everyone is lumped into a single catagorical box. Of course there are lots of people who have traded successfully- but, I sure as hell haven't seen many on SI who have. 99% (and that's not an over-estimate) have never seen a rally that wasn't going higher- or was one to sell into. And they obviously then don't have profits in which to 'profitably' buy the dips. We can argue about that untill the cows come home. But you cant deny the behavior of the gold bugs- it's in black and white. Hell, just look at Kitco and GoldEagle etc. Every single time gold rallys theres 50 articles and these goofs recycle the same old BS they've been saying for the last 27 years- about gold going to $2700, about the death of the Dollar, about the collapse of the market, about the coming blow up in derivates- etc. The UNDENIABLE FACT is that gold has been DEAD MONEY for nearly a year now. This chart doesn't lie and there's only been one way to have played gold successfully over the last year- and we all know who's been the poster child for that- now don't we? And this chart is going to look much, much worse over the next couple of weeks. You all can keep bitching, moaning, spinning and spewing- but it still won't change that chart. Keep letting your BELIEFS and your EMOTIONS cloud your trading vision. It just leaves more money for those old dogs like me who can learn new tricks. I've said my piece. Ron