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filipo

filipo
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  • The Problems With Gold [View article]
    We're retired..
    Jul 20, 2014. 03:48 AM | Likes Like |Link to Comment
  • What Will It Take For Me To Believe Metals Have Bottomed? [View article]
    QP,

    "Elliott Wave as it doesn't control the gold market it just analyzes it and makes a projection which may be 100 % correct or may be wrong."

    You mean 100 % wrong ?

    If EW doesn't control the market, what does then ?
    Fundamental reasons ? Like a plane shot down, a new war breaking out, a major Portuguese Bank going belly up, bad Q2 corporate figures ?

    Just asking, cause if that's what you agree with, there is not so much water between the two of us.
    Jul 20, 2014. 03:46 AM | Likes Like |Link to Comment
  • What Will It Take For Me To Believe Metals Have Bottomed? [View article]
    Ninja,

    "A rocket through the front door of the White House might cause more than a ripple on a gold price graph."

    Maybe someone should try this out as an experiment before describing it as a new Law on Avi's Wikipedia.
    Anyway, there seems to be a growing discontent about Elliott Waves as the sole and only determining factor of the gold price evolution.
    I can only applaud this since I'm a strong adept of the "there must be fundamental reasons" theory.
    All that I recently said about EW was slightly ironizingly meant. Maybe you missed that.
    Jul 20, 2014. 03:33 AM | Likes Like |Link to Comment
  • The Problems With Gold [View article]
    Before investing all your money in stocks, you might perhaps consider reading this:

    http://seekingalpha.co...
    Jul 19, 2014. 05:06 PM | Likes Like |Link to Comment
  • The Problems With Gold [View article]
    Quite, so let's invest all our money in stocks then.
    Any idea which stocks ?
    Jul 19, 2014. 05:01 PM | Likes Like |Link to Comment
  • What Will It Take For Me To Believe Metals Have Bottomed? [View article]
    gel,

    "certainly a rocket entering through the front door of your house will enhance an emotional change in sentiment."

    It will certainly change the outlook of my house, making it look more interesting.
    However, that is not what Avi has been deducing from his Elliott Waves. He repeatedly said that historical events such as the skirmish in Iraq, the frictions in Ukraine or the scuffle in Gaza, don't affect the gold price at all.
    Now that you mention the word "correlation", I have to point out to you that he explicitly said there not only was no causation, but even not a correlation between these events and the gold price.
    Hence, a rocket entering through the front door of my house, or through anybody's, would certainly not cause a ripple in the graph of the gold price, according to Avi.
    What does affect the gold price - or, by extension the silver price - is "sentiment" which he - and presumably he alone - can deduce from reading the Elliott Waves: 3 waves mean up or down and 5 waves mean certainly down but maybe also a little bit up, at least until the Final Plunge.
    I may be oversimplifying the relevance of the number of waves though, I'm no EW expert despite Avi's assiduous attemps to instruct me.
    Jul 19, 2014. 04:49 PM | 1 Like Like |Link to Comment
  • The Problems With Gold [View article]
    Well, if gold is such a poor investment in both inflationary and deflationary times, actually in all times, why then waste so much articles on gold ?
    Why not simply ignore it and let the Chinese and Indians buy all our gold ? After all, we would get richer, having more USD's at hand and the Chinese and Indians would have a commodity that would make them poor(er), who cares ?
    I don't see the need of adding article after article urging our citizens to depart of their gold since that's exactly what they're doing already and the Asians adding by the tonnes.
    I don't understand the fixation of people like Robert Signorella who keep on hammering on how dreadful an investment gold is. They'd better write something useful about AAPL f.i.
    Jul 19, 2014. 12:32 PM | 3 Likes Like |Link to Comment
  • What Will It Take For Me To Believe Metals Have Bottomed? [View article]
    QP,

    "Thursday when gold went up with Ukraine airplane rocket disaster and Israel rockets,"

    I thought we all agreed that from now on only sentiment would be called the driving force of the gold price, not fundamentals.
    Shame on you, bad pupil.
    Jul 19, 2014. 06:44 AM | 2 Likes Like |Link to Comment
  • Is It Finally Time To Buy Gold? [View article]
    Comex still represents 85% of daily turnover:
    http://bit.ly/WiTFCr-
    Shanghai only starts.
    Jul 18, 2014. 03:38 PM | 1 Like Like |Link to Comment
  • What Will It Take For Me To Believe Metals Have Bottomed? [View article]
    Maybe the world got used to the idea that from time to time planes have to be shot down..
    Jul 18, 2014. 12:12 PM | Likes Like |Link to Comment
  • Is It Finally Time To Buy Gold? [View article]
    fish,
    You are absolutely right..
    Jul 18, 2014. 02:22 AM | 2 Likes Like |Link to Comment
  • What Will It Take For Me To Believe Metals Have Bottomed? [View article]
    Avi,
    Upside not confirmed just yet ?
    YOU must be kidding.
    First we saw that downside to $1293, now we witness this upside to $1316,
    exactly as you predicted, and confirmed by the figures.
    Tomorrow I expect another downside to $1290 or whatever, followed the day after by yet another upside to $1320 or whatever, right according to your whipsaw-scenario prediction.
    GLD indeed is a great tool and you are quite a prophet. All the doubts I had about your competence in reading EW's have dissipated. Does it also work in predicting the weather ? Just asking cause my nephew is a farmer in Southern Ontario, Canada, and he often complains about unpredictability of the weather.
    Jul 17, 2014. 01:33 PM | 2 Likes Like |Link to Comment
  • What Will It Take For Me To Believe Metals Have Bottomed? [View article]
    Well, Stephen, you have to admit that Avi's whipsaw-scenario that he predicted can't be fulfilled more accurately.
    Whether that's a coincidence or whether he's the one who shot down those planes, I don't down, but reality has its rights and Avi got it right.
    Quite amazing..
    Jul 17, 2014. 12:19 PM | 1 Like Like |Link to Comment
  • What Will It Take For Me To Believe Metals Have Bottomed? [View article]
    QP,
    Yes, and Ukraine shot down a Malaysian passenger airplane, probably thinking Putin was traveling with.
    Unbeleivable what prescience Avi has. His whipsaw scenario unravels.
    Jul 17, 2014. 12:09 PM | Likes Like |Link to Comment
  • What Will It Take For Me To Believe Metals Have Bottomed? [View article]
    Avi,

    No sign of a BIG CRASH so far.
    Looks like it's going to be your whipsaw scenario: gold is at $1315 again, GLD at 126,52. Not related to Gaza or that Ukraine plane that got shot down by Putin, I suppose ?

    Any idea where this uptick will bring us ?
    Jul 17, 2014. 11:54 AM | 1 Like Like |Link to Comment
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