The Folly Of Technical Analysis: A Look At Gold

Technical Trading Analysis

Now pretend you did not view the above annotated chart and view this:

http://www.gold2020forecast.com/

Psst: NO ONE KNOWS. Better to make your own mistakes rather than following “gurus.”

BO POLNY: GOLD HAS BOTTOMED AT $1321, TO RISE INTO JUNE 5TH TURN DATE

Gold

Gold has bottomed at $1321.

I know not one person that has been willing to go on the record and post what I have posted. No individual has yet called the bottom for gold, and I have already gone on the record announcing the bottom only two days after gold hit $1321. The recent drop (just a re-test, in my view) was just four trading days and only $100 off—and folks seem to have forgotten that my Bottom call of April 18 has (so far) held beautifully! I sold my gold at $1900, as you are aware, and the $1321 bottom has not failed me.

For those of you who simply buy and hold Gold and Silver: sleep well, my friends, and know that your decision is a wise one into the year 2020, when they will top!

I have received numerous requests for an Update to the prior dates and charts posted on jsmineset.com.  I have waited this week as I have been closely watching the gold market, and I wanted to be certain of the next date I post.

Whoops…………………

Gold

The market continued to plunge another $200. The bottom is in?

Read the fantasy here: https://www.silverdoctors.com/

We all want a someone to lead us to the promised land.

Meanwhile….check out an interesting deep value blog: http://www.netnethunter.com/buy-cheap-stocks/

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About the Author

John Huber
John Huber is the author of Base Hit Investing, a blog about value investing concepts and ideas. He also is the founder and portfolio manager at Saber Capital Management, LLC, a Registered Investment Advisor that manages equity portfolios for clients using the value investment principles of Ben Graham, Warren Buffett, Walter Schloss, and Joel Greenblatt.