Nova Law

Silver Stocks Look Shiny Indeed

This entry is a perfect example of Bill Cara's dishonest posting style.

Notice how he says "the best entry point [in silver] was in June-06." He also opines that silver was "overbought" in December 2006.

If we go back through the Bill Cara archives for June 2006, you will not a post in June 2006 which opines that silver was currently at a "good entry point." In fact, he barely had anything to say about silver at all. Thus, he tries to go back and claim credit for foresight for a call which he didn't make at the time.

Here are his June 2006 archives: www.billcara.com/archi.../

Fast forward to December 2006, where Cara today opines that silver was "overbought." OK, what did he say about silver two months ago? His December archives are here:

www.billcara.com/archi.../

As I can see, the only material comment he made about silver was on December 13, when he said "gold and silver prices weaken overnight." No analysis about silver being overbought back then.

What's next? A post which claims insight because 1981 was the perfect time to buy the IPO of a little-known computer company called "Microsoft"?

Take a close look at the actual track record of Bill Cara's calls. While he occasionally gets one right, more often he makes posts like this one, where he implies a foresight to himself which does not stand up under factual scrutiny. Anybody can go back in time and say, for example, that they called the top of the bull market in March 2000 or that they called the bottom in November 2002 - but that doesn't mean they're being honest and truthful about it.