Gold And Gold Mining Scams Are Commonplace
"The Greatest Mining Scam In History," see http://www.dailywealth.com/archive/2006/may/2006_may_31.asp.
"I’m telling you the Bre-X story today as a warning… If you’re not looking under every stone with your gold investments – be it mining stocks, gold coins, or just gold bullion - you could easily be “Bre-Xed.”"
If you read many of the "always bullish" gold writers, which obviously is a world of make believe/BS, their writings read like scams. It's TOO GOOD TO BE TRUE. Life isn't that easy. Many of the gold writers are simply naive clueless goofballs, and, a few are scam artists trying to pump gold stocks and gold, which is illegal activity (trying to manipulate a stock or commodity).
The reality is that gold and silver had two Cyclical Bear Markets (Elliott Wave 2 and 4 downcycles of the Secular Bull Market that peaked in 1980) in the prior Secular Bull Market, see
http://tradethecycles.blogspot.com/2008/03/gold-had-two-cyclical-bear-markets-in.html and see http://tradethecycles.blogspot.com/2008/03/silvers-two-cyclical-bear-markets-in.html.
Gold, silver, and HUI/XAU will soon enter an 18 monthish Wave 2 Cyclical Bear Market. Silver had a 3.5 year Wave 2 Cyclical Bear Market from Spring 1968 until late 1971, see http://www.sharelynx.com/chartsfixed/SI1967.gif.
Some of the gold nitwits are scam artists, most are simply nitwits. Got cycles?
....... http://www.JoeFRocks.com/ .
HUI NEM XAU
"I’m telling you the Bre-X story today as a warning… If you’re not looking under every stone with your gold investments – be it mining stocks, gold coins, or just gold bullion - you could easily be “Bre-Xed.”"
If you read many of the "always bullish" gold writers, which obviously is a world of make believe/BS, their writings read like scams. It's TOO GOOD TO BE TRUE. Life isn't that easy. Many of the gold writers are simply naive clueless goofballs, and, a few are scam artists trying to pump gold stocks and gold, which is illegal activity (trying to manipulate a stock or commodity).
The reality is that gold and silver had two Cyclical Bear Markets (Elliott Wave 2 and 4 downcycles of the Secular Bull Market that peaked in 1980) in the prior Secular Bull Market, see
http://tradethecycles.blogspot.com/2008/03/gold-had-two-cyclical-bear-markets-in.html and see http://tradethecycles.blogspot.com/2008/03/silvers-two-cyclical-bear-markets-in.html.
Gold, silver, and HUI/XAU will soon enter an 18 monthish Wave 2 Cyclical Bear Market. Silver had a 3.5 year Wave 2 Cyclical Bear Market from Spring 1968 until late 1971, see http://www.sharelynx.com/chartsfixed/SI1967.gif.
Some of the gold nitwits are scam artists, most are simply nitwits. Got cycles?
....... http://www.JoeFRocks.com/ .
HUI NEM XAU
Labels: Gold
posted by Joe Ferrazzano at
9:23 AM
3 Comments:
I want to thank you for your wonderful site. Your comments have been a "gold mine" to my portfolio.
Everytime you say, "the dollar is in a bull market"...I know to sell! But your best commentary is when you blast gold and prophesy that it's going to 500...
Keep up the great work MORON!
By
Anonymous, at 11:40 AM
Another phony comment from one of the gold nitwits. I never said that the US Dollar was definitely in a Bull Market, it has to hit a 5% follow through major buy signal. I might have said probably. It soon should be, it's bottoming and gold is peaking. Are you involved in a gold stock scam?
By
Joe Ferrazzano, at 11:50 AM
By the way ding dong, gold's primary multi year Secular Bull Market uptrend line since April 2001 is at $500ish, so, gold should fall to $500-550 in the upcoming Wave 2 Cyclical Bear Market. Remember, trees don't grow to the sky!
By
Joe Ferrazzano, at 11:55 AM
Post a Comment
<< Home