Time to become a Gold Bug?

I have a subscription to Tradestops.com and Dr. Smith is an expert in systems science and cycles analysis in particular. I also subscribe to an options trader who retired when he was 42 after making millions managing rich people's money in California. Both have used their trading tools, indicators and proprietary cycle analysis to suggest gold will hit $1550 this year. I have two other newsletters with two of the worlds greatest resource investors (One is a billionaire only from resource investing and the other is worth hundreds of millions of dollars as one of the worlds greatest speculators). They are all saying now is a remarkable time to invest in resources including gold. One reason is that the price of commodities when compared to stocks is at a 47 year extreme. Stocks are expensive and commodities are extremely cheap. Things expensive alway revert to their historical mean. Things cheap always revert to their historical mean.

I like your Elliot Wave posts and follow and learn. I'm also invested well in commodities and resource mining companies. I don't think because of my investments I have a bias. With the 4 experts I pay for research and their knowledge and experience. I'm going to have to let time determine if there is merit to your gold analysis, because it's completely inconsistent from experts that have a vested interest providing sound advice and the advice is all screaming in the same direction. Gold in the $700's would be back in a bear market. I think your analysis has a low probability of playing out. I mean no disrespect. The dollar is also under a lot of pressure and when the dollars falls, gold rises, because it takes more dollars to buy an ounce. Your analysis would essentially say that the dollar is going to have a big bullish move. That just doesn't seem likely given the dollar is being challenged as the world's reserve currency by China certainly and also by the fact that cryptocurrencies are becoming a legitimate alternative to fiat.

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skinnycat (18) · 7 years ago

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dongtube (49) · 7 years ago

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ryanhildreth (12) · 7 years ago

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kimjongpoo (0) · 7 years ago

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umairshehzad (52) · 7 years ago

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kimjongpoo (0) · 7 years ago

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jovial-grace (49) · 7 years ago

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kimjongpoo (0) · 7 years ago

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michaelkav (32) · 7 years ago

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enjoyinglife (72) · 7 years ago

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alejandrofa (25) · 7 years ago

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stayoutoftherz (68) · 7 years ago

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adri1202 (44) · 7 years ago

@berniesanders and @randowhale, on flag war against @haejin. To make it simple :
@haejin : make posts, people like it, he get big share of prizepool of steemit. See steemit as a way to gain visibility and helping people learn 'to fish by themself'. Earn money doing it, just go on his steemit page to know how much, steemit is transparent you can know how much everyone has in his portfolio.
@berniesanders : he exploit upvoting with bots, take part of the prizepool posting nothing genuine and doing nothing for steemit community, see steemit as a 'game' where trying to earn the most is the goal. Hate @haejin because he earn less than before and accuse haejin to 'rape the prizepool' (no comment about the way to say it ...). So he flag his posts, a flagged post make less or no money and he is 'happy' with it. Always angry and insult haejin followers, also he can flag you for nothing.

Check my blog, I made a post about it, other haejin followers have done it too, maybe a search with 'flag war haejin berniesanders' can lead you to some stuff.

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oropeso (36) · 7 years ago (edited)

@haejin creates original content. That's great. However, many claim he's using bots and shill (fake) accounts to make money in a sociopathic way that undermines and will eventually destroy steemit. Others counter, arguing that he's just using the system the way it was designed. Both sides are correct. The only solution is to improve the steemit code. The code is law. If the law is broken, the only solution is to update the code.