Relentless... F-ing Relentless.
Man, this sht is getting old. Every night I go to bed with gold UP vs the Comex close. Then every night, as soon as the LBMA opens, the relentless attacks begin. And man, my bottom is sore. I picked it and picked it but to no avail. The only cure now seems to be Dr. Blythe taking her gigantic golden auger and reaming me out...which she is currently doing. Hopefully, once the sores have been removed and Turd's bottom has been thoroughly bore out, my plan is to return the favor.
The fourth and final contest has just now closed. My man "bay of pigs" hung in there with the best guess until the very end when "printmemoney" snuck in under the wire with a closer guess. The actual 90-day pageview total was 6,769,304 and "printmemoney" guessed 6,895,349. Since this is not The Price Is Right and we were not playing "closest without going over", "printmemoney" is your winner. Mr. Money, please email me your shipping address at tfmetalsreport at gmail dot com.
OK, back to my sore bottom. I see from the comments of the previous thread that the "Turd is an idiot" naysayers are already crawling out from their holes. That's fine. When I'm wrong, I'm wrong. All I ask is that you always remember what makes this place different: We treat others the way we want to be treated. Additionally, there are plenty of websites out there that offer rearview mirror, hindsight-based analysis. If you're more comfortable there, I suggest you head there right now. It's quite simple to post once a day with your take on why things happened the way they did. It's another thing altogether to attempt to anticipate market action before it happens. So, let's try to keep some things in perspective:
1) As I type, gold is at 1796 and a whole $4 below what I thought would be a pretty strong support level/bottom.
2) Silver is at 40.20 which puts it $0.30 below the support range I saw between 40.50 and 41.
3) Clearly, all is not lost.
4) Both metals could decline farther in the short term. They could also reverse and head higher. What the fck do I know? I'm just a dope with a Macbook who thinks he can predict the future.
5) Gold will be higher before the end of the year. It will be higher yet in 2012. It will be even higher in 2013.
Please be patient. Everyone from Santa to Harvey to yours truly has warned you against leverage and short-term trading. If you must trade, I've asked repeatedly that you buy time. Avoid front-month options as they are almost always a one-way ticket to the poorhouse. Your best choice is, has always been and will remain to be STACKSTACKSTACK. Physical metal is your only financial protection from the economic disaster that is, most assuredly, coming over the horizon. Please hear me loud and clear: IT IS COMING. Your time to prepare is quickly running out. Look around. Europe is an absolute financial disaster. The U.S. system of using unlimited fiat money to fund its ever burgeoning government debt is at the breaking point. The Middle East is rapidly approaching a tipping point for total conflagration. Do not let the paper metal games of the LBMA and Comex scare you. Their time is rapidly drawing to a close, too. Protect yourself. Protect your family. Warn your friends and neighbors. Be confident in what you believe and proclaim it to whomever will listen. Be diligent but don't be afraid. Armed with foreknowledge, you will survive and even prosper in the days ahead.
More later. Have a happy day. TF