Goldtent TA Paradise

Chasing false bottoms

1. Spock says:

   September 28, 2015 - 6:35 pm at 6:35 pm

   exactly. look no further than the gold mining sector for the last 4 years.

   everything will get taken out to the woodshed and go through the same process.

   the great liquidation of assets.

   the great deflation it will be called in the history books.

   and it will take 5 years to bottom out. 2020 is my guess before a buy and hold strategy should be considered.

   nothing survives.

2. Plunger says:

   September 28, 2015 - 7:25 pm at 7:25 pm

   WOW, pretty apocalyptic, but you know what, I agree. But, there is no way to predict how we get there. Interesting, there is one person who is even more bearish and that’s Richard Russell. He recently said this bear market will correct all the excesses built up from….1932.

3. neildavis2002 says:

   September 28, 2015 - 9:03 pm at 9:03 pm

   Realize that when you say nothing survives, you are saying that nothing survives but the fiat currency of the United States. Your faith in Yellen issued units disturbs me. Remember that she can create a quadrillion of them in less than a minute by sheer will. And I think if she has to do that to save the banking system she will. Apparently you don’t. Either that, or you don’t think the banking system is going to need saving. I think we need to rethink those two assumptions. Of course, I could be wrong, and Yellen is going to morph into the anti-Bernanke, letting everything they did in response to the 2008 financial crisis come to naught. We shall find out gents. She may be remembered by history as Janet the Austere.

4. neildavis2002 says:

   September 28, 2015 - 9:41 pm at 9:41 pm

   By the way Knights, There comes a point where valuable resources and assets are practically being given away.

5. Plunger says:

   September 29, 2015 - 12:15 am at 12:15 am

   Seems if just printing money (offering credit actually) would save us we would be ok by now