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Old 09-23-2011, 12:39 PM  
VikingMan
Exploiting human weakness
 
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Join Date: Jan 2008
Location: next to a salmon stream
Posts: 6,460
Gold: Here is the "shake out" I predicted

I don't know how much lower the shake out will take us in the metals market but I don't think Gold will go much lower. Of course it certainly could get more bloody but I see the absolute downside around $1,100. Check the price next year, it won't be around these levels I wonder if you will even get your hands on a substantial amount of it in the future.

Yes I did predict this last month in a thread about the price of gold. And of course my timing is almost dead on. I will let one of you 9/11 official story conspiracy kooks spend your time digging up the actual post.

I started trading metals 10 years ago and have witnessed all the manipulation of the price many times and have traded with it to make money. I don't have much of my money in metals right now because I sold into the strength a few months ago. I have some put options now but am not going to reveal that info. Being long in this market is the dumbest thing a person could do unless of course you are investing in companies that profit from war and disease.

Will there be more shake outs in the future? I do not know this but I do know that the price is going to go through the roof and gold in the $1,600 range will look cheap. YOU ARE WELCOME


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