Investment Intelligence When it REALLY Matters.
Gold Charlatans Strike it Rich While their Sheep Get Fleeced (Part 1)
Gold bugs and dealers alike have pumped out so many misconceptions and flat out lies about gold, silver, and the economy that it would be impossible for me to set the story straight in a single article; that's saying a lot considering the fact that my articles tend to be rather lengthy. However, I have previously written several articles that address the majority of the most common of these myths and lies (check the end of this article for a partial list).
If you have been sucked into the vortex of lies from these charlatans, you could stand to lose a HUGE amount of money over the next several years as the gold bull market comes to an end.
And if you really think gold will never again fall below $1000 as Marc Faber the gold-pumping clown has "guaranteed," I regret to inform you that you're a damn fool.
Why would you even trust what a man who is always preaching doom has to say?
Moreover, if you really think the Dow Jones is headed to 1000 like Robert Prechter insists, you aren't thinking straight.
Again, why would you even bother to listen to a perpetual doomer? Because they are plastered all over the media? If that's your reason, perhaps you need to just BAN THE MEDIA.
And if you think the euro and even the European economy is in better shape that the U.S. dollar and the U.S. economy, as Peter Schiff insists you might want to check yourself into the loony bin. And you can take these clowns with you.
Perhaps the real reason for the ridiculous statements and claims made by these men is due to FINANCIAL INCENTIVES.
Every single one of these gold hacks is making money in some way from pumping gold and making gross exaggerations about the U.S. economy.
The fact is that they are making false statements and coming to ridiculous conclusions in order to line their pockets with YOUR money.
Having no bias is no guarantee that you will be right, but it is something all investors should look for.
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As I have been discussing for some time now, the various gold dealers and others who are aligned with these charlatans have created an enormous propaganda machine specifically for the purpose of scaring unsuspecting and nervous investors into buying gold for which they charge ridiculous fees.
This network of ring leaders is widespread. It extends from all throughout the Internet, to radio, TV and print media. It includes the vast majority of "financial publishers" (i.e. investment newsletter publishing houses), and a good number of small, off-beat financial firms. These are typically firms that know they cannot complete for business with the major Wall Street brokerage firms, so they take a so-called "anti-establishment" approach in order to leverage the segment of the population that if fed up with the government.
Unfortunately, a large percentage of people - everyday people - have been fooled by the pack of lies and deceitful tactics utilized by these vultures. The way it works is quite simple. These gold charlatans have linked the following phrases with each other...
"government is bad and evil" and "gold gives you freedom and safety"
But of course these charlatans have also pitched ridiculous "price targets" for gold and silver as a way to lure the greedy crowd.
The pitch for gold varies from claims that the dollar will go to 0 as hyperinflation hits the United States, to end-of-the-world scenarios. The price targets for gold range from $3000 to $50,000 per ounce, while those for silver go as high as $5000 per ounce.
Notice in the above list that these clowns have been mislabeled as analysts. Well, I suppose anyone can call themself an analyst. They're not real analysts. They're gold pumpers.
I have previously discussed the fact that it is virtually impossible to truly estimate price targets for gold and silver due to the fact that price targets are derived from valuations.
And neither of these metals has the essential characteristics required for a proper valuation analysis. Namely, these metals do not generate any cash flows. They are what one might call "dead assets" because they don't generate any productivity and they don't pay cash dividends.
Golden Dreams & Delusions: (PART 6)
These scumbags and idiots have also claimed that China is selling U.S. Treasury securities.
They have also insisted that China "owns the United States." I have previously shown these claims to be ridiculous. Of course, the purpose behind their bogus claims is to TAKE YOUR MONEY.
And if you don't understand this, I'd like you to please stop reading now.
Debunking the Myth that China is Selling U.S. Treasury Securities
The Importance Of China To The US Economy
Take note that there has not yet been a single one of these gold charlatans that have so much as attempted to refute my criticisms of their delusional statements and lies because the best defense for the intellectually unarmed is that is of tactical retreat.
That is, rather than confront my factual claims, the various gold hacks would not dare challenge anything I have to say because they fear that if people are exposed to my views, the gold pumping, end-of-the-world con game would come to an abrupt end.
These gold hacks fear those who have something they lack; credibility.
They also continue to insist that the U.S. stock market (as given by the Dow Jones Industrial Average) is headed to anywhere from between 1000 to 3000.
If anyone knows where the stock market is headed, it would be someone who has consistently forecast the market with great accuracy for several years. That would be me. I have the track record to back up my credibility; and it's in print, published and copyright protected. In other words, my track record is available for examination, it cannot be altered and it will serve as a permanent record of my accuracy.
See here and here for my track record.
You need to start examining the track record of the various clowns parading through the media as experts. Once you do, you will see that they have been wrong more than they have been right. That means your odds are better to go with your own decisions rather than listen to these idiots.
They say one thing one day and something very different the next. And they rely on the fact that most people simply aren't going to remember what they have stated in the past. Thus, eventually they are bound to nail something. After all, we all know that even a broken clock is right once a day.
Those of you who are not already familiar with my market forecasting record can click here and the following links below.
Market Guidance: Past, Present And Future
(pre-newsletter, also see America's Financial Apocalypse)
A Lesson In Market Forecasting
Where Is The Stock Market Headed?
We Pin-Pointed The Past Two Market Tops And Bottoms
We Predicted The Market Correction AGAIN
Mike Stathis' Near-Perfect Market Forecasting Record
Since The Market Lows, Only One Man Continues To Shine
AVAIA Market Forecast And Recommendations SPOT ON, AGAIN
We Predicted The Market Selloff Yet Again
Unlike the psychic Jim Cramer's street.com had working for him, I don't claim I can
predict the future, but I can tell you this much. Dow Jones 1000 isn't going to happen this year, next year, five or ten years from now. The same can be said of Dow 3000.
The Truth About Jim Cramer And CNBC (Part 1)
In fact, I can almost guarantee you will see the Dow Jones reach 25,000 before it reaches 3000. And I'm being conservative.
Today, the Dow is ready to hit all-time highs of over 14,100.
People, you really need to start asking yourself some serious questions. For instance...
Did these charlatans scare you from getting back into the stock market in March 2009? Or have you already forgotten?
How much money have you lost in potential gains by not being in the market since the March 2009 lows?
Did you stay in the market throughout the financial crisis because idiots like Bob Brinker, Larry Kudlow and others told you not to worry? What about your stock broker?
What did the brokers, chief economists and analysts working for Merrill Lynch, JP Morgan, Goldman Sachs, Lehman Brothers, Citigroup, Bank of America, and every other Wall Street bank, wire house and regional firm tell you in 2007?
Did your broker tell you to sell in early 2008?
What about mid-2008?
What about the so-called discount brokers like Charles Schwab, E-Trade, Fidelity, TD Waterhouse-Ameritrade, etc.?
I can assure you they were even more clueless than the Wall Street firms.
Of course, it doesn't really matter whether one firm was more clueless than the other in this case because either way, I can guarantee you they told you to stay in the market all the way down.
How do I know this?
Because I work in the industry and I know how Wall Street firms operate.
Do you remember how Charles Schwab refused my offer to speak for no fee to its audience at one of its trading expos in early 2008? I planned to warn them about the coming financial crisis and market collapse.
But of course, Schwab did not want to save its clients. Similar to all financial firms, Schwab wanted to keep its clients in the stock market so they would crash and burn. See here.
All Wall Street firms insisted it was a "huge buying opportunity" when the Dow Jones fell to 13,000, and then they said the same thing when it fell to 12,000, then 11,000, then 10,500, then at 10,000...all the way down.
That is NOT what you call "calling a bottom." It''s what I call "sucking you in all the way down to the bottom."
The only problem is that in order for their continuous buy recommendations to pan out, you need an unlimited pool of cash, and if you had that, you have no business taking risk in the stock market.
Clearly, these idiots had no idea what was going on. For them, it's always a buy buy buy situation because they won't make any money of you sell and stay out of the stock market. They are in the business of selling securities. Wake up.
How much money could you have made if you had sold your positions in early 2008 then reentered in March 2009?
Who is the ONLY person in the world to have warned about Dow Jones 6200 well in advance AND told investors to start buying at what would turn out to be the EXACT market bottom?
Who were you listening to at that time?
Were you listening to the idiots on CNBC, idiots on the various websites out there?
Have these charlatans scared you from getting back into the stock market since 2010?
How much longer are you willing to wait for the mythical $10,000/ounce gold and $500/ounce silver to appear?
I can guarantee you that there's going to be a huge number of suckers who wait ten or fifteen years before they finally realize hyperinflation isn't coming to the United States. By that time, they will have missed out on even more huge gains from the stock market. They have already missed out on the greatest stock market rally since the Great Depression.
[Take note that I'm NOT necessarily speaking of a buy-and-hold strategy. In fact, that is a deadly strategy unless you live forever.]
Do you really think gold will protect you against inflation? Wake up.
Have you ever carefully examined the track record of the people you go to for economic and investment insight?
Are you even capable of examining a person's track record competantly?
Have you ever wondered whether they might be biased or just plain naive? .jpg)
Why would the various websites, print and broadcast media ignore mention of the predictions made in America's FInancial Apocalypse?
Why would they not care to hear what the author of that book has to say?
Could it be because their agenda is not to present the truth but to steer your money into their bank accounts?
Do you want to rid yourself of these charlatans once and for all?
Listen folks. If what you are doing isn't working, I suggest you change it.
And if you are being led astray more often than not, that means you aren't paying attention to what we have to say here at AVA Investment Analytics.
If you haven't been making money on every single market correction, if you haven't been making money on commodities and precious metals trades, you simply haven't been a subscriber to our research.
Since The Market Lows, Only One Man Continues To Shine
Maybe you have chosen to cross your fingers with the buy-and-hold approach advocated by guys who want you to send them your money but give you the buy-and-hold excuse when you lose 40%...this group not only includes perma-bears like Peter Schiff and the rest of this delusional crew, but also the perma-bulls; in other words, ALL WALL STREET FIRMS.
Believe me folks, I've worked at major Wall Street firms, so I know how the song and dance works.
They never tell you to get out of the market; it's always buy, buy, buy, similar to Jim Cramer.
As a result, eventually you will watch your money go bye, bye, bye.
Eventually, your investments crash and burn; sound familiar?
Meanwhile, the perma-bears are ALWAYS telling you to stay out of the market, causing you to miss the biggest bull market rallies in decades.
As a result, either way, if you listen to the perma-bulls or perma-bears, you're pretty much screwed.
Of course, listening to the perma-bears will hurt you much more than listening to the perma-bulls since the stock market goes up over the long run.
The only problem is that sometimes, that "long run" can take 20 years and some people will be dead by then.
That is specifically why you MUST actively manage your investments. And you can't do that effectively by listening to clowns in the media. You need real expertise to guide you.
Unfortunately, finding legit expertise is extremely difficult because it is extraordinarily rare. I know this because while in my early years working on Wall Street I was constantly searching for a reliable source of insight. The problem is that I came up short every time.All I ever ran into were snake oil salesmen. This is why I know the games of these rascals so well.
Just when I thought I had found someone who knew what they were talking about, I realized that they took a particular stance and got lucky, and once things changed, their luck ran out.
What I eventually came to realize was that ALL Wall Street analysts, economists and investment strategists are SALESMEN; they're no different than their stock broker colleagues.
Once I realized how things worked, I began my own path towards investment independence; a concept that is largely unheard of as a broker working for a major Wall Street firm. And it by no means an easy road, but I think I made it through okay. But the learning process never ends. Once you think it has, you will be reminded the hard way that it hasn't.
As you can imagine, John Bogle, the man who started index mutual funds believes in this ridiculous buy-and-hold approach.
Why does Bogle believe in the buy-and-hold approach?
Because it fits with his BUSINESS MODEL.
The buy-and-hold approach might be a good remedy for reckless maniacs and lazy people, but NOT for those of us who understand the importance of active management.
Incidentally, I've never known a reckless maniac or lazy person who made a lot of money with investments.
You see, if Bogle can get you to believe that there is nothing you can do to gain an edge over everyone else so that you can beat the market, you will send him your money to invest in index funds.
So as you can imagine, Bogle is ALWAYS going to talk up anything that favors less trading, while talking down everything that favors active management.
The fact is that Bogle is MR ANTI-ACTIVE MANAGEMENT!
And of course it works for him, because he is collecting fees on billions of dollars that just sits there with a buy-and-hold approach.
It is also important to keep in mind that this is a man who also thinks the markets are efficient.
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Of course, the Market-Efficiency Hypothesis remains accepted among the concensus of Wall Street professionals and business school professors. But that only indicates just how clueless they really are. Excuse me while I pause to laugh.
[I actually proved that the Market-Efficiency Hypothesis is completely invalid in the Wall Street Investment Bible.]
People, you need to stop aligning yourselves with followers. These are guys that accept whatever they are told by their respective authorities, whether its the typical Keynesian, perma-bull market clowns who insist that the markets are efficient, or the even more clueless goof balls who tout the ultra-fascist philosophy of Austrian economics.
Click here to read excerpts of the book.
Both camps are useless because they are extremists. They sell you this ideal theme and convince you that it "makes sense." But it's just part of the sales pitch.
These guys want your assets and they want to sit on them, charging you fees every year and telling you that no one can time the markets so you should buy-and-hold. This is complete hogwash.
Perma-bulls want you to buy-and-hold U.S. securities, while perma-bears want to sucker you into a ridiculously useless, fee-sucking, ultra-low yield bear market fund, or into gold and foreign securities.
Anyone who says you can't time the markets is speaking of their own deficiencies; that means you Mr. Bogle.
Now there's certainly nothing wrong with not being able to succeed in what could be argued as the most difficult investment skill to possess - the ability to accurately forecast the stock market. But you should come out and admit it instead of making yourself out to be a fool with claims that the market is efficient and that active management not helpful.
Truth be told, the vast majority of people, including the leading traders and fund managers can't time the markets consistently, but there are a few of us who can.
But always remember this. Active management does not necessarily mean you are trading in and out of the market frequently. It means that you are actively involved with your investments.
At the end of the day, each investor should create an active management strategy that is consistent with their risk tolerance and objectives. This strategy should also be within each investor's limitations. For some, that will mean trades are made frequently, while others will make a few changes once or twice a year.
Remember people, if gold is such a great investment...
...if gold is headed to the moon as all the gold dealers insist...
...why in the hell are they spending HUNDREDS of MILLIONS of DOLLARS trying to convince you to buy it from them?
Why don't these gold dealers just hoard gold and wait for it to soar??
Someone needs to ask Peter Schiff, Marc Faber, James Turk, John Williams, Doug Casey, Porter Stansberry, and all of the other gold pumpers, hyperinflation and doomsday delusionists these questions.
Remember, Schiff is the same man who six years ago insisted the U.S. would face hyperinflation and the dollar would go to 0. The same can be said of Faber.
Why Hyperinflation Isn't Coming to the U.S.
In fact, virtually every other gold charlatan and doomsday clown in this network made the same claims, or have you already forgotten?
Six years later, after the financial crisis and global economic blowout and the U.S. isn't even experiencing normal inflation!
In addition, as Europe continues to implode, Schiff keeps claiming that the euro is safer than the U.S. dollar! WOW.
Today, as the U.S. dollar remains strong, the U.S. stock market closes in on all-time highs, inflation remains in check, these clowns refuse to address their miserable predictions. Instead, they distract their sheep with more buzz words and phrases that really have little meaning such as "currency wars."
Based on Schiff's terrible track record and ridiculous statements, in my opinion, anyone who has money with Schiff's Europacific Capital is a damn fool.
And you know what they say about fools and money.
[If Mr. Schiff would like to make his case to me as to why I should not be worried about his "investment strategy" on a neutral platform (live), I am willing to listen, BUT he must allow me the chance to respond.]
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GOLD ARTICLES
(do NOT read one and form your opinion; you can
only obtain the full picture by reading each article)
Kitco: The CNBC of Gold
Manipulation of Gold and Silver Prices
Understanding the Proper Use of Gold and Silver
Kitco Senior Gold Analyst Agrees with My Views on Gold
Dismantling John Williams' Hyperinflation Predictions
Golden Dreams & Delusions: The Story about Gold You Haven't Heard (PART 1)
Golden Dreams & Delusions: The Story about Gold You Haven't Heard (PART 2)
Golden Dreams & Delusions: The Story about Gold You Haven't Heard (PART 3)
Golden Dreams & Delusions: The Story about Gold You Haven't Heard (PART 4)
Golden Dreams & Delusions: The Story about Gold You Haven't Heard (PART 5)
Golden Dreams & Delusions: The Story about Gold You Haven't Heard (PART 6)
Golden Dreams & Delusions: The Story about Gold You Haven't Heard (PART 7)
Debunking the Myth that China is Selling U.S. Treasury Securities
The Importance Of China To The US Economy
Understanding Manipulation of Gold by the Media
Gold Propaganda from Raymond Dalio
We Predicted The Market Selloff Yet Again
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You can find much more about charlatans by accessing our massive and constantly expanding Encyclopedia of Bozos, Hacks, Snake Oil Salesmen and Faux Heroes.
Continue reading PART 2