Loading ...Bear Market in gold, just like the 90’s
Did anyone see this?
https://www.gold-eagle.com/article/gold-price-forecast-gold-topped-just-90s
“And now, the grand finale of the analogy: in the late 1995 and in May 2019, gold soared, and in both cases, it happened when the USD Index was still moving higher on average, but in a relatively orderly manner. If you look at the very long-term USD Index chart above, you’ll see that the shape of the price move in late-1995 and 1996 is very similar to what we’re seeing since 2018. And how did gold soar?”
This link works:
https://www.gold-eagle.com/article/gold-price-forecast-gold-topped-just-90s
Author : Przemyslaw Radomski, CFA is a perma bear. He has been bear since 2003.
Read this:
http://news.goldseek.com/GoldSeek/1566218931.php
go to the bottom of article skip every thing above..
Strange…
This is not the utterance I would expect from a perma bear published a year ago:
In our regular gold trading alerts, we focus on the short- and medium-term outlook and we rarely discuss the very long-term issues or price targets. The reason is simple – the long-term issues and price targets don’t change often, so usually there’s little new to say about them. Consequently, it’s been a long time since we last discussed our view on gold’s explosive upside potential. In fact, it’s been so long that those who do not take the time to read our analyses thoroughly and those who have been reading them for only a short while may think that we are bearish on gold in the long run. Or that we’re perma-bears. Naturally, it’s nonsense and those who have been diligently following our articles know it. What we’re aiming for is to help investors position themselves to make the most of the upcoming rally in the precious metals market and one of the best ways to do it is to help people prepare for the final bottom in gold.
http://www.24hgold.com/english/news-gold-silver-gold_to_soar_above__6_000.aspx?contributor=Przemyslaw+Radomski+CFA&article=13399781788H11690
Yes thats a bold call but here is the problem
That post was from August 2018 and his forecast from your link was this.
“The medium-term outlook for gold is very bearish based on multiple technical developments and we discussed it thoroughly on Monday.”
Since that time in the Medium term ( 1 year) Gold has rallied $360 !!
And this guy obviously missed the move….waiting for the “final low in Gold”
whether we are at a significant top or not….If you follow this guy you missed a hell of a party
sheesh
Classic perma-bear stuff from Radomski.
Excuse me BUT what is this guy talking about
he is highlighting a move in in Jan 1996
Gold moved from 390 to 420 in that time period
About a 7% move from a year long flat market
http://schrts.co/fiwxDMYD
How is that remotely similar to this time period
where Gold has moved 30% from August 2018 to August 2019 ?
http://schrts.co/bVMENMhZ
This is one of the most nonsensical comparisons I’ve seen
Amazing at what great lengths someone is willing to go to justify completely missing an epic breakout
sheesh
+1
LOL!!!
I did not want to waste time to fact check this guy.
Avocado thanks for sharing as I eagerly read everything posted here
However. Some time ago it dawned on me this guy is always a bear. He was right for a long time.
Not lately But I suspect eventually he’ll be right again
The one guy I hope finally gets it right is Pastor Bo!
He was right from 2013 to 2015 – means he lost a lot during 2011 to 2013 and from
2015 onwards
This is garbage. The mid 90’s is nothing like today. Was gold at an all-time high in the UK in 1995 ? – No. Was gold at an all-time high in Australia, New Zealand, Canada and dozens of other countries in the mid 90’s – No. This article pins the expected collapse in gold prices on the fact that the Dollar is going to soar. Two things there – Number 1 a rising dollar does not mean a collapse in gold prices – the Dollar index has gone up from 88 to 98 in the last 18 months or so (a rise of over 11%) and gold has RISEN hundreds of Dollars. Number 2 – where was the Dollar in it’s cycle in the mid 90’s ? – erm, well, it was rising out of it’s long-term cyclical low after a long, drawn out bottoming process. Where is the Dollar in its cycle today ? well. erm, the EXACT opposite – it’s coming to the end of its topping process, with it’s cyclical low approaching. I’ll-informed, worthless article, grasping at straws, and finding reasons to be bearish by false comparisons with the past.
Yeah, Radomski is at it again. He invents a new bear scenario every time the old one fails. Still calling for $700 gold is he?