Larry Edelson wrote a piece about how gold and silver still have another leg down in price and will be unaffected by the various “printings” by central banks that is in progress. He says that any market that goes up 11 straight years of course is going to have a 1-2 year pullback. He wrote that many of the big investors like Soros, Paulson and Jimmy Rogers “just don’t get it”, he does.
First off, NO market anywhere, EVER that I know of has gone up 11 straight years, never. There is no “precedent” and thus no “chart pattern” that can be looked at to make a forecast. And as for charts, they do not and cannot work in a market that is in obvious manipulation. The “patterns” themselves are painted by the manipulators to create a picture, so analyzing a chart (to gage investor sentiment or future actions) is a laughable quest. To say that investors who use fundamental logic and have been successful for years upon end “don’t get it” is pretty arrogant to say the least.
Author : Bill Holter, Published: May 28th, 2013 on milesfranklin.com, to read this article in full please click here.
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