Re: Eric King is Ecstatic Over Rick Rule Forecasting This Capitulation, But Nothing
posted on
Nov 02, 2014 02:03PM
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I'm getting the same frustration in trying to follow where people are saying things are headed. Although I assume these guys are trying their best, they haven't been right about much: This summer Charles Nenner said gold was bottoming in July and miners would bottom in September; David Morgan, in the past, said any purchase of silver under $30 was a buy; also said that this decade would be the decade for silver; and recently pointed to a cycles guy, David Gann, who said gold will peak in 2021 (with Obamacare I'm not sure I'll be alive then); Jim Sinclair, more than a year ago, said that the June 213 low was the low ( about $1180 was the bottom). My brother sent me an article that pointed to the historically derived fair price for gold would be $650 an ounce, suggesting that it was headed there. It goes on and on. The latest from Gary Savage is that we will get a bounce from here and then back down to test $1050 or possibly $1000 and then we will embark on a major bull market. Gary Wagner thinks we're headed to strong resistence at $1100. Listening to Financial Survival Network, somebody starting with a "G" said we would be down in November and the market would then enter a bull market. Then we have Rick Rule, Emory, Turk, and, of course, the Fed. All I can do at this point is hang on. I'm down so much.