Gold Triple Top Price Collapse Soon!!

Quote from polpolik:

These are gold bugs. It could rain gold tomorrow and they'll still say gold is going to $2000. I think shorting at $900 has a good R:R ratio. Short term short though (not that I'm shorting)
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Why is it that you can't just be a gold bull any more. Any time you mention that you think gold will go quite high and your a gold bug not a bull.

I like many people (these so called Gold Bugs) simply see significant inflation, over the short, medium and long term, hence see prices of gold, oil and ALL commodities rising significantly going forward. Just because precious metals happen to be one of the best lead indicators for rising inflation why do people insist you must be a gold bug to see it rising to something around its inflation adjusted high?
 
Quote from sumosam:

Adwebster,

I source my ew calls from the master, Pretcher et. al. Gold is in the process of completing an extended wave 5. I also have Gann sources that correlate. In the end, if a person is disrespectful, why bother? And no, this is not my 4 to 5 th call for a top. I have traded gold for over 20 years and was a bull for most of that time. What I have learned, is it is the math that matters. Fundamentals are lagging indicators, and open to interpretation.

To quote Jim Rogers: I sell when everyone is buying and buy when everyone is selling. There is a thin line between a trend follower and a contrarian.
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Prechter has been DEAD WRONG on gold for the last decade.

Sinclair is the master of gold.
 
Quote from trading@home:

anyone know what happened to jreynolds?
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Maybe he woke up and realised how much of a fool he made of himself. Others have since taken his place
 
Quote from trading@home:

anyone know what happened to jreynolds?
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He's around - check this out.

http://www.elitetrader.com/vb/showthread.php?s=&postid=1746994#post1746994

He posted in the Schindler Trading thread, telling us how badly Aaron sucks as a manager (20% per annum, by the way).

He then says 'He made his money in a bull market, hate to see how he would do in a bear market'.

The only problem is, Aaron made his best returns in a bear market. Someone else pointed this out. His response was the same as it was here - turtle.

This is kind of like the gold call. Apparently jreynolds picks a topic, then just grabs an opinion out of thin air and posts it. He could have figured out that Schindler's returns were highest in a bear market by clicking one link. Instead he chose to just post the first thing that came into his head.

Hard to believe, isn't it?
 
I got out at 898 so a nice little drop now would be nice to get back in after the expected retrace after hitting 900, assuming it has not topped of course :)
 
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