Trade the Cycles

Sunday, March 23, 2008

"A Fraud Is A Deception Made For Personal Gain"

"In the broadest sense, a fraud is a deception made for personal gain. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and is also a civil law violation. Many hoaxes are fraudulent, although those not made for personal gain are not technically frauds. Defrauding people of money is presumably the most common type of fraud, but there have also been many fraudulent "discoveries" in art, archaeology, and science." From this link http://en.wikipedia.org/wiki/Fraud.

Isn't this what many gold/precious metals sector writers appear to be doing? Aren't they purposely misrepresenting gold's, silver's, or HUI/XAU's prospects in order to benefit their newsletter, their web site, their gold and/or silver mining company, etc?

It's obvious that many gold/precious metals writers live in a very goofy and/or corrupt world of make believe, in which major corrections/downcycles and bear markets supposedly never happen. Aren't they engaged in a deception made for personal gain, which is fraud?

Gold and gold mining scams are commonplace, see http://tradethecycles.blogspot.com/2008/03/gold-and-gold-mining-scams-are.html.

....... http://www.JoeFRocks.com/ .

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posted by Joe Ferrazzano at 12:25 AM

3 Comments:

  • I am glad gold has corrected sharply from overbought. Now that you have gone completely bearish, its safe to give a buy signal while you cringe in fear. We can feel good about stepping up to the plate to take leadership now. Thanks for giving your capitulation signal with 100% reliability. Of course, this means the money will come real easy as usual. While you wait for $500 gold we can back up the truck like always. We'll be buying GLD and NEM with both hands ++ plus big positions in GSS probably selling at a steal! Yeah don't worry - its cool - cause Joe is now a Super Bear/Anti Goldbug! Come on in >>> The water is fine!!

    Go ahead concentrate on the glass half empty again, Joe. You're making us rich !!! HAHAHAHA !

    By Anonymous Anonymous, at 4:16 AM  

  • You are obviously a "guru." I AM impressed. I won't tell you how I'm impressed by I AM impressed.

    I'm not a glass half empty or half full kind of person, I call it like I see it. With trading or investing to do otherwise is suicide.

    Unlike you I am a REAL goldbug.

    Don't you think that there's (obviously) a lot of fraud in the finance and investing world?

    Actually, since gold and silver tend to lag HUI/XAU at important cycle highs/lows (gold peaked in April 2004 (slightly higher bearish double top with the January 2004 cycle high) versus HUI's Wave 3 long term upcycle doing so on 12-2-03 and the XAU doing so on 1-6-04) they might not have peaked yet, but, at best the action would be peaking in rollover mode, which is risky to trade.

    Remember, professionals focus on risk, amateurs focus on reward. If you have no fear you are either a damn fool or Joe Montana, who had ice in his veins.

    By Blogger Joe Ferrazzano, at 1:03 PM  

  • Even though HUI/XAU are probably now in an 18 monthish Wave 2 Cyclical Bear Market, some gold stocks, like NEM, will still be in a Cyclical Bull Market.

    Reliable lead indicator NEM had a Cyclical Bear Market from 1-31-06 until mid 2007, about 18 months (bullish double bottom at 38.08 on 6-27-07 and 38.01 on 8-16-07).

    So, NEM is probably in a Cyclical Bull Market now. Trade the Cycles therefore is bullish on NEM. No goofy mindless destructive agendas here.

    By Blogger Joe Ferrazzano, at 1:23 PM  

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