Marketsurfer's bold gold proclamation

[zboy2854A]

Prechter's macro calls have always been spot on, his timing has tended to be suspect from time to time.

I have no doubt whatsoever we will see what Prechter is calling for. But before then I would look for the market to remain irrational longer than most expect, or can remain solvent.

Since this thread seems to be about throwing around a bunch of speculative predictions, here's mine. The market will have a sharp correction in the coming weeks, followed by the largest part of the bear market rally, that will take the S&P above 1100, possibly as high as 1300. Gold will blow through its previous high and silver will at least eclipse its previous high in a final bubble spurt. Then it's lights out, and time to short everything for all it's worth.

Hey, this wild guess stuff is fun, wheeee!

 

[EPrado]

Quote from marketsurfer:

yes, i agree. have over 20 big ones riding on a spiking higher VIX between now and 12.31.09.

its about time prechter is correct!



surf

Good luck. I would think that the Vix will head north in the fall. Bullish sentiment is getting to ridiculous levels....

 

[FanOfFridays]

Quote from marketsurfer:
at this point 1007/oz would be the stop where the call is PROVEN WRONG, but it aint going to happen!!

surf

By this, are you attempting to claim that the original call in this thread isn't wrong? Or am I misreading this?

 

[zboy2854A]

Quote from traderNik:

By this, are you attempting to claim that the original call in this thread isn't wrong? Or am I misreading this?

Nah, it's just a classic "move the fences" tactic.

Bottom line, any time someone attempts to make such iron clad predictions, you can be sure that the market gods will see to it they are made to look like fools first...such predictions are truly the stuff of amateur hour.

 

[marketsurfer]

Quote from traderNik:

By this, are you attempting to claim that the original call in this thread isn't wrong? Or am I misreading this?

you misreading. the original call was obviously early and wrong.

600 prior to 1000 in an indeterminate time frame is the tweaked call.

regards,

surf

 

[JSSPMK]

How about this 975 before 600?

& that's for tomorrow

 

[WyckoffTrader]

You a "Tool" Surf and need to change that battery in the Magic 8 ball. Yours is broke.

 

[syswizard]

Well, Surf is pretty good on DIRECTION, but a bit lacking in TIMING.
I think we are DEFLATING. There's no way gold can climb in that environment. Not with wages declining. It's like water moving upstream....just can't happen.
Surf made a similar call on CROC - perfect direction, just a bit early.

 

[niceneasy]

Quote from JSSPMK:

How about this 975 before 600?

& that's for tomorrow

I think a small move up and it will gun for the 1000 mark

 

[zboy2854A]

Quote from syswizard:

Well, Surf is pretty good on DIRECTION, but a bit lacking in TIMING.
I think we are DEFLATING. There's no way gold can climb in that environment. Not with wages declining. It's like water moving upstream....just can't happen.
Surf made a similar call on CROC - perfect direction, just a bit early.

And he's early again. While you are correct that deflation is still the biggest concern over the next couple of years, it is still very possible that we get a temporary outburst of inflationary pressure this year that could send gold to new highs, before the next deflationary wave hits.

Always remember the mantra--the market can remain irrational longer than you can remain solvent.