You don't want to respond, gutless piece of crap? You're finished here, but you have succeeded in a way that a lot of people won't like.
In April 2005 I wrote, "The other PMs are in the same boat. Oil too. Gold may be propped up a bit as FED panics and lowers the fed funds rate, but don't be fooled, for gold will start the same persistent slow grinding decline too".
I don't make predictions. I report what ET flow shows. In 2005 ET flow in the PMs started to negatively diverge. Ever since the divergence has gotten only greater with a brief respite about 3 years ago. What does this mean? It means the PMs, and gold, in particular, are in one of the greatest bubbles of all time second only to RE and maybe stocks in the '20 and '90s. For the last 5 years the market has been sold while the public has bought into the hype.
Is five years enough time or would you like another five so that the hands of the unerring clock get a bit closer to you?
Unerring clock? WS, the stock market, doesn't keep time, and never knows what time it is, although each thinks his own clock is accurate. I've been through a hundred of your posts. You're never committal. It means you try to always be right and hidden in your words one can see that you believe your clock alone is true. A guy like that is trying to protect his image and that's precisely what you'll get from the non descript management legions at US corporations. Their whole bag is to earn a salary, get the money, and run, take no chances. That risk averse attitude won't ever succeed.
More important, your calls on interest rates, which appear to be the basis of your bearish PM calls in 2005, have also been massively and spectacularly wrong.
More important? Is that more of your manipulative and false self deprecation at work?
I have written thousands of times that no one knows where any time series data is going and that no one knows where the proper rate of interest lies. I have written what I think the FED should have done. For example, in 2005 I thought they needed to be more aggressive about removing stimulus, that is, reduce RP levels. In general, I've pushed the concept of free market in money since no one can ever know the proper rate of interest. Have you investigated and reported my massive and spectacularly right calls? No. That wouldn't fit into your purpose.
Don't feel too badly about it as, obviously, you did not have a clue that the financial house of cards we live in was going to have its foundations shaken, and that persistent low interest rates were going to be part of the so-called solution.
Obviously, you haven't followed this thread. You're extrapolating from several posts in which you didn't understand what I was doing. Your extrapolations are clearly false as any one of the regulars here can tell you, but it isn't your purpose to investigate to get to the truth. What is your purpose?
Look, this is not a competitive sport.
Let's look at this statement a little closer. What is its intent? It's a statement that says, "this is a competition and I'm putting you down". Problem is, boy, you don't have a case to make. You don't know what I've said and you don't realize what I know. If you knew that, you'd shut your damn yap toot sweet.
Everyone can and does get things wrong.
Another straw man? It won't work.
Let me tell you something, pinhead. The regulars here would tell you that I have stated hundreds of times that you can't succeed in markets unless you don't know the future. You can't even understand what that means. So how does that fit into your "put down" innuendo?
The man who admits his errors is the better for it.
Speak for yourself. You've made a lot of false claims in a mistaken attempt to put me down as part of a vendetta to protect Wollanchuk. Why protect that POS, hypocrite? The guy mumbles a lot, makes hundreds of wrong guesses, Has a horrible record which hundreds of SI posters who followed his thread would tell you, all based on the false theory that price predicts price. I've know about him since the '70s. Like most letter writers the guy is a deceiver. Now, if you had any objectivity, you'd know that, but that is actually irrelevant to why you're here.
You're here trying to discount me, show me up. What a fool. In fact, you're only throwing away the only source of accurate reporting about the internal state of the market, and you're throwing it away for a lot of others. You should be real proud of yourself for doing your good deed. You're a closet 'crat, boy, and should be treated as such.
I'm wrong all the time [but I don't claim to be a world-class mucky-muck].
There we have it. Contained in this comment is the essence of why the US is going down the drain. The poor must pull down the rich in order to realize the great social ideal of fairness. The only problem with that whole approach is that the poor end up making themselves poorer and the rich, richer. In your case you're making yourself into a bigger fool.
Earlier I stated I put you in my Peoplemarks, but when I read your last hundred or so posts, I discovered that you don't make debatable assertions. You subtly manipulate in order to extol yourself. You're very careful about protecting your image and therefore useless. There's no reason to bother with you at all.
As I said above, I won't be providing any more reports about the internal state of the markets, nor will I help the many people who have PMed me, and they can thank you for that. A pro, me, shouldn't be talking to amateurs like you. I've tried over the years to jump over the artificial barrier between pro and amateur, but no more. When it gets to the point where I want to charge my lawyer to go after people like you I need to withdraw from the field. I need to leave you to your mutterers. |
