Loading ...Przemyslaw Radomski
Anybody ever heard of this guy? He’s got some rather convincing charts and reasons that the PM’s are about to get slaughtered:
http://silverseek.com/article/final-silver-sign-17425
Given Rambus’ short position and this guy’s take, maybe I better hold off on that silver buy for now.
He makes an interesting point about silver being a small spec market.
Radomski has been scary bang on with his calls lately – since before this decline got under way even. Am not a subscriber nor do I frequent his website, but read his blog whenever I encounter it elsewhere. I believe he is calling for a $950 vicinity bottom for gold – and in short order!
In the decline from the 1980 peak Gold bottomed at $300 near mid 1982, rallied hard for 6 months then made a slightly lower low in the opening days of 1985. This bear market appears to be following a similar pattern. If so sub $1045 gold could be a reality soon enough – say, in 6 months or so. Are we then only half way through this decline?
Don’t know. Thanks for the post.