A while back, about two months ago I told everyone to start investing in silver. I gave many reasons and was rebuked by a few with compelling but misguided reasons. Unfortunately my fears are coming true faster than I even thought.
Yep, I agree with you, normally. But seeing as how they are the last to say this after some time now, just means either they've finally seen the light or they just can't ignore the facts any longer.
I didnt click on the link so I dont know what was said. Nevertheless, whatever was said, the case for gold is it is a broken asset, at best, going forward.
MSNBC is what it is and there certainly is no debating that fact, but...
---If nobody watched MSNBC, they'd lose all their advertising income and be off the air in very short order; ---If everything they said was wrong, the same result would occur. ---Price action is definitely the reality of the moment, but it isn't all that matters. The global events and trends that drive price action are of prime importance.
Saying that price action is "...the only thing that doesn't lie" is misleading and therefore inappropriate because it implies that everybody who isn't parroting recaps of price action is a liar. Out of all the people who don't parrot recaps of price action, many of them are liars and many aren't. Implying that they're all liars is a superficial, subjective and prejudicial statement.
People have the right to have their own opinions. Those opinions may be valid or invalid, correct or incorrect, useful or useless, impartial or self-serving and they may or may not be part of a book promotion campaign, but we still have the right to our own opinions. Implying that somebody who expresses an opinion is a liar simply because he wasn't recapping recent price action is nothing other than just one more personal opinion in a world filled with billions of opinions.
Closing note: I'm not an MSNBC groupie. I don't follow their lead or the lead of the newsletters put out by those gas-emitting market analysis pundits. Nor am I defending MSNBC, either. My point is that absolute statements are dangerous because they're rarely absolutely, totally and permanently correct.
The silver market is unpredictable. I just bought up some silv awhile back and planned to resell it, but the market (prices) dropped afterward and now I'm stuck with the coins till it picks up again.
Quote: Out of all the people who don't parrot recaps of price action, many of them are liars and many aren't. Implying that they're all liars is a superficial, subjective and prejudicial statement.
If theyre advertising it on TV or pushing it as opposed to simply mentioning it once when asked you can assume its because of their own financial interests.
If they wanted to buy they want the price crashing until theyre done buying then they drum it up to bring in the profits. Hedge funds fire and sue people over releasing information which is locked up in safes for their plans, by the time its out theyve made their moves.
Ill try and find it but there was a website that rated the advice those stock "gurus" give out. Most of them if you followed it all youd be out a lot of money, a couple youd be about even and a handful youd be up mostly because one of their picks did extremely well.
I completely agree a private person advocating it it doesn't mean theyre a lie or disingenuous, but for the talking heads theres always a personal agenda with what they push.
Well, as a trader and someone who actively participants across a wide spectrum of assets worldwide, I can say that truth is found in price action.
Gold is a perfect example. Theres a million reasons out there "why gold should be up" or "it has to go up". ... and yet look at what golds doing.. nada.
So that being the case, the only thing we can rely on for certainty is price action, 100%, no matter how strongly we may feel about the "whys".
Nobody is ever gonna post a link with the answer to future spot price....
Unless you use same technique the GREEK oracle used via methane gas release from the mountain or NOSTRADAMUS who used same technique by using a meditative state to stare in a bowl of water, or EDGAR CAYCE who was the sleeping profit NOBODY can disprove or find one contradiction in his 14k plus readings, I will not believe anything as set in stone lol....
One thing remains a constant, certain brilliant minds had or have access to info they should not have, Newton, Jobs, Socrates, the three fore mentioned above. What did they all have in common, access to the Akasik records, or a univeral computer with all info and energy that has ever happened in our known universe on this one of eleven string theory dimensions lol...
There lies your answer to where pmz are heading lol....
And Tesla my stars study his life and the cover ups around it and the Philly project and then tell me he didn't know something beyond this world....
And they say when Edgar Cayce did readings early on before his wife would set in too record and monitor the questions being asked, people would ask him where to drill for oil and which horse to bet on and he was right in all those early accounts. However it made him sick to give readings when the info was used for personal gain hence his wife stepping in to prevent that type of behavior in future readings....
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Posted 09/25/2013 7:31 pm
