Loading ...I’m not biting … but …
What could Casey be talking about? Trillions injected into gold market? I know what his “27” trick is: PM penny stocks. Spock’s got that covered. But what is the “event”?
Thoughts anyone? This is similar to what Rickards is spouting.
Here’s the come-on:
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If you want to get incredibly rich, just take these three simple steps…
Take out your calendar…
Circle December 31…
And make this one simple move on gold, quickly.
By this precise date, a powerful global organization is scheduled to make a stunning announcement… [what the heck?]
One that will send shockwaves through the gold market, virtually overnight.
And it has nothing to do with a dollar collapse, negative interest rates, or economic instability.
Instead, it involves a single catalyst that could send $3 TRILLION flooding into the yellow metal. [oh yeah? What???]
It could be the single most lucrative 24 hours in the history of the markets!
But we’re NOT recommending you buy bullion, coins, or ETF’s.
In fact, we’ve found an unusual gold trade that will deliver 27-times more gold profits. [PM penny stocks]
That means for every tiny jump in gold, you could see massive returns.
Already, the legendary investor Doug Casey – our firm’s founder – has multiplied his money 7-times over in 2016… and gold is only $1,350.
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Rickards had a come on like this earlier in the year that coincided with the Chinese opening their own gold trade exchange. That day came and went and zip happened. It could simply be a way of making a lot of money from the naive. Or perhaps something will happen this time… I wouldn’t bet the farm on it,
Only 1350 ? I guess this was written in the Summer when things were HOT
we lost $200 an ounce since then
This kind of hype used to hook me I’ll admit. But
After 100 or so of these you get jaded .
But I’ll probably buy some Rocks back …just in case its Y2K +17
I still have my tuna stash from Y2K also ….Past its best before date by 10 years now
sheesh
Thanks Cedarwood…pass the popcorn ?
Twat Mining Inc. http://incakolanews.blogspot.ca/2016/12/mining-prs-and-ottotrans-part-95.html
Penny stocks can’t handle the volume needed to become a meaningful share of your PF without driving the prices against yourself.
And ultimately making it similarly tough to get out when the market turns against you.
What’s interesting is that if he did write that this summer, and already knew about some Dec 31 event …. many months ahead
Rumors (then) of a gold backed currency?
These promotions such as the one to “Casey” (does he even have anything to do with it or just sell his name?) tend to disgust me. “Otto” at IKN can be pretty amusing in his attacks on the crude promos.
Change to different topic:
I find interesting the disparity between “Otto” on his website as cited by JSKauai and in his newsletter. In his website he is often wildly provocative, indiscreet, as in discussing Caseyesque type toottery. In Otto’s newsletter (the only financial service to which I subscribe other than Spock’s) he is generally compulsively nerdy (bottom-up fundamentals typically), mild, cautious, self-effacing.
Switch to yet another topic:
Interesting how sometimes both “Otto” and “Spock”, despite nearly opposite methodologies (fundamental vs TA) — though both are similar in being serious and not shoddy promo operators — occasionally come up with the same recommendations and both have had broadly similar PM and base metal market outlooks this year. I sometimes wish I could recommend subscriptions of each to the other, but I expect each would not think of wanting to glance at the other’s work. (I of course do not mention the specific recommendations of one to the other or to you.)
Guys a thief. They sit through every downtown and always come out with small BS numbers how they did well. I know for a fact they have been known to suggest a stock to subscribers to create the volume to exit their positions. The stocks they suggest have nearly always just had a placement, that no doubt they just got in to. It’s a circus. Someone who is very cheap like Lundin will provide decent stocks to look at but don’t buy and sell when these clowns say to, work out how to do that yourself. I believe in PM’s but perma bulls are dangerous, period.
Ridiculous! The age old question=if they really knew how to make money, why would they peddle subscriptions?
Have u seen what’s-his-name from Appaloosa management selling subscriptions?