I hesitated to post this because it puts an actual person up for ridicule, as opposed to the usual stuff I write about the “gold generals” or ‘stock market touts and trend followers’, etc. A reader sent along an email containing this link (and its very bearish current view of gold) and the video below.
Daniela (Aug. 24, 2011): “…this [Fed’s Op/Twist.] would create a bullish gold scenario?”
Puru: “Absolutely…”
also… “on the cusp of a massive uptrend in gold…”
Puru (Nov. 15, 2014): “We are not prophets, but we must admit that we called the entire bear market in the metals pretty accurately. You will recall that in late 2011, we opined that perhaps the metals had seen the secular top and we noted a massive distribution pattern in the Gold Bugs Index.”
As I love to point out I screwed up with an HUI 888 target myself. But I admit it, move on and never speak or write as if I know what is going to happen in markets. I hate it when people do that because it makes other people think they have some kind of learned perspective as opposed to a pitch, which is what 99% of the financial media is.
The subject strikes a chord with me because Mr. Saxena wrote a decade or so ago that manufacturing was dead in the US. I of course was one of those dead manufacturers and really had to shake my head about how financial types tend to be abstracted from the real world.
How about writing ‘in 2004 we opined that manufacturing was dead in the US and not going to come back’? How about that one Puru?
Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates (including Key ETF charts) and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com and Biiwii.com.
