Highly amusing20 Aug 2020 12:28
Something has just struck as being highly amusing.
They are filtering me out, but carrying on reading capdialbrit. Months ago, I tipped you off about the upside breakout from the flag pattern and about the spike being likely to collapse (Sotolo also did and I respect him, TigerByTheTail, and a few others as being people on here worth listening to).
Those two things happened, but they are filtering me out.
capdialbrit scorned the wise words of Bob Moriarty (who was proved right) and capdialbrit said "Next stop 350p" was a no-brainer. The next stop turned out to be 250p and they carry on reading him.
Strange logic indeed, and I find it highly amusing.
I'm not a show-off or a bragging sort, as can be seen in previous posts of mine when I have said that my forecasts can go wrong and I lose money, but because of the intolerance shown just for saying the price might fall, by people who want to hear only "Going up", "Buy and hold, no-brainer", and I feel like blowing my own trumpet for a change.
All they want to hear is "buy and hold", and they cannot stand any other point of view of anyone trying trade a dip - they want to deny that dips happen. "Don't mention the dip!"
The price - a while ago, I wrote that a 50% retracement would see a drop to about 235p. Will it happen, I don't know, but I feel that we are near the bottom and I was happy buying at under 250p. I will be reading more of Bob Moriarty for his views on the direction of the gold and silver prices.