Henrik Z. : “Miners and Silver normally LEAD gold”
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Come clean, this is Harry Dent’s German alter ego, right?! LOL 🙂
Henrik has been calling 800 for years.
That doesn’t mean he wont be eventually correct, though.
BTW, He is Danish, not German.
Thanks Alfa, I hadn’t yet listened. I am listening now, HA! he just said he might be seen as “Waiting for Godot”. But he doesn’t think he is wrong.
The prob with 800 target is its based purely on EW. No weight of evidence. Total disregard for quarterly, monthly defined walls (previous resistance turned support) at 1350-1400.
How do you even listen to a guy who has been a permabear all through this run from 1050 in 2016 to 1700 now.
Even if he is eventually right You would have missed a 4 year Bull run with 70% gains in Gold
There is no redemption in this “call”
Anyone who digs in his heals and refuses to see what is right in front of him is to be pitied and ignored IMHO.
The breakout at 1350 last year should have been a clue to him…That is NOW massive support.
What is he talking about Gold stocks usually lead ?
has he ever looked at the XAU:GOLD ratio ?
been going down for 30 years.
sheesh
This guy has been wrong for years solely depending on EW Theory, which is a theory. EW guys are still all over the place. Can gold go lower, sure, but it can go higher also. To $800, possibly, but also to $2000+. Will this guy eventually be right, sure everything is statistically possible.
The fact he blocks anyone on Twitter that opposes his view should be telling! If he is unwilling to debate then he is an idiot and I have not time to listen to the moron.
This guy is bullshit, and obviously cannot read a basic chart to save his life.
Palisade Radio also has a very questionable history and management.
he must be ticked that he missed going long at $800