Gold - Fertile Ground for Sarcastic Analysis

By: GE Christenson | Wed, May 7, 2014
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*** SARCASM ALERT *** (The following does not represent an accurate and true representation of my thinking.)

I believe gold prices will fall hard between now and the US election in November 2016.

And so, ladies and gentlemen, it is perfectly clear that gold prices are headed south - and in a big way. For those of you who trust pictures, I have included a graph of gold prices since 1975. As you can see - it is perfectly clear - repeat - PERFECTLY CLEAR - gold prices have NOWHERE to go but down, down, down.

Gold Price from last 40 years
Larger Image

Let me repeat two important points:

I rest my case! Things are good, actually improving, and gold is headed down to about $400 per ounce. Of course gasoline and food prices have been steadily increasing for the last 15 years, well actually for 100 years, but they are almost certain to go back down next month - or 2nd half at the latest.

You can take that to the bank!

Most insincerely,

 


 

GE Christenson

Author: GE Christenson

GE Christenson aka Deviant Investor
www.deviantinvestor.com

GE Christenson

I am a retired accountant and business manager who has 30 years of experience studying markets, investing, and trading futures and stocks. I have made and lost money during my investing career, and those successes and losses have taught me about timing markets, risk management, government created inflation, and market crashes. I currently invest for the long term, and I swing trade (in a trade from one to four weeks) stocks and ETFs using both fundamental and technical analysis. I offer opinions and commentary, but not investment advice.

Years ago I did graduate work in physics (all but dissertation) so I strongly believe in analysis, objective facts, and rational decisions based on hard data. I currently live in Texas with my wife. Previously, I spent 20 years in Barrow, Alaska, the northernmost community in the United States, 330 miles north of the Arctic Circle.

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Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/