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Alias Born | 04/26/2010 |
Saturday, October 14, 2017 10:29:36 AM
The setting or risk vs. reward ia favorable now.
never buy what is on the front page of barrons, because the efficient market theory has that one all bought out; always look to page 33, the little mention the little column, with great fundamentals that has been left for dead. I think gold is that "little mention" now.
Guys I respect love gold now, people like Kyle Bass, who has been very very early about gold, and Jeff Grundlach, who has merely been early for about a year or so, and these two have hit grandslams in the past. Top people tend to be early. Grunlach is the top major fund guy in the West year after year give or take. Not exactly a gold zombie to put it mildly.
I figure if there is virtually no downside whatsoever, and everybody in western investor markets shuns it, then the downside is covered, which only leaves the upside.
Here is a guy who called the dollar bull market spot on five years ago, and also was spot on about the gold and commodities bear markets back then. Recently he has become ultra bullish on gold....sensing the seismic shift which will begin slowly......Just another commentator I realize.....http://www.marketanthropology.com/
One thing is that he is not a perennial gold bull, as so many gold people with gold websites are........they are bullish gold four years out of five, their entire lives, prating on endlessly about the benefits of gold. I went through that phase myself. This guy is not like that....fyi..and fwiw. Still, there comes a time. At bottoms virtually every single gold bull is gone, a skeptic about their own shadow, neutered. This is what a major bottom looks like, everybody saying yea yea yea, you are such a loser and you have been saying that for many years. ONly the hard core gold addicts are left, and people within the industry, a minuscule group of interested parties...................Remember another guy, Don Coxe, who has had some major scores over the years, who recently said gold "should be" at least 2000. Again, if he is half wrong, then PVG still goes to the moon, and even now, nobody listens to don coxe........Love the downside being protected at this point. Which pretty much leaves only one direction.
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