Dear Gold Tenters:

Recently you may have read an article written by an outside writer which was taken from a different site which was critical of my discussion of the potential breakout of gold above the $1309 level. It went beyond presenting a counter view as it was more of a thinly disguised attack on me personally. Of course, I have no problem with someone taking on an analytical perspective of mine with an opposing view if it is kept within the bounds of collegial debate. After all, that is what the forum is all about. However, that is not what this was, it was instead an in the gutter, outside the forum trash talk directed at my skills as an analyst.
No folks this is not going to develop into a Hatfield’s vs. McCoy’s feud. No, not even a Bill Ackman vs. Carl Icahn tussle either. Just setting the record straight and letting you decide.

This market guru must have been feeling a little heat from his own subscriber base for him to lash out in the manner which he did. Ordering your flock to the sidelines and then watching the market run away from you in a 135% romp must be kind of a bummer. So being on the sidelines with the HUI up 135% must have been his own little place in hell. So when a little wiggle correction came along he then saw his opportunity and he took it. Oh no, he didn’t take the entry, he took a swipe at Plunger instead.

The act of bootlegging someones work, posting it without credit, then picking it apart is of course the pinnacle of unprofessionalism. Later on he characterizes his target (me) as one of the amateurs. I ask who is the amateur here?

The article begins by labeling me as “The voice of complacency” because I recommend being right and sitting tight in what appears to be a bullish set-up to me. Sorry, this sidelined guru has interpreted a steady hand on the tiller as complacency. This steady hand is how I rode the rally up from near its beginning to its first peak of 135%. The correct strategy in phase I of a bull market is to get in early and hold on. That’s how you get the big gain. You don’t want to get caught on the sidelines and watch the market run off without you. Sure, when you get stretched to the upside like we were you can trim around the edges or even take a Casey free ride, but what one doesn’t do is sell all and run to the side lines.

Since this guru has labeled me as complacent, I feel it necessary to point out that I was the guy who was writing essays on the dangers of the upcoming bear market phase III way back in 2013. Emphasizing specifically the level of damage that lie ahead in graphic terms. At this precise time this particular guru had his subscribers deeply into Silver LEAPS. After they had lost 90% of their value his sage advice was to roll them over into the next year. This goes beyond complacent, its just reckless.

The article continues mentioning other quotes pulled from other essays without proper reference and out of context. Its sad to see someone resort to these methods. Let’s just put our ideas down on paper and back them up with our best analysis, that should be good enough.

This response is for Gold tent and Rambus forums only. Please don’t forward.