The mother of golden calls on #GOLD

October 2015, I have been yelling around ! BUY gold and several times after (you can read all my english articles here)

It was a perfect end 2015 call on gold

The original in-French article : https://www.crottaz-finance.ch/blog/lor-et-les-mines-cest-parti-mon-goldy/

Translated by google : Here

I found on Twitter several past good calls (in fact bad calls but good for contrariants like me)

Hereafter you will find a great list (nothing against the people or banks who published that of course)

1 – Gold is a fiat commodity currency with insignificant intrinsic value” – Citi – November 2014 – $1,200/oz

2 – Gold is neither desired as a currency nor as a commodity” – Macquarie, July 2015, $1,077/oz

3 – Bank Vontobel, July 2015: “We are reducing our gold positions in all accounts to zero” ($1,100/oz)

4 – Gold will finish 2015 at $800″ – ABNAmro, November 6, 2014 ($1,140/oz)

5 – Gold looks like a textbook short” , Tom Keene, July 23, 2015 ($1,095/oz)

6- Kiss the #gold bull market good bye” – Barry Ritholtz, June 2014, $1,242

7 – Time to press the sell button” on gold – David Fickling, Bloomberg Gadfly, March 2016 ($1,245)

8 – Putin drove Russia into 1,200-tonnes-trap by investing in gold. He wanted independence from dollar hegemony and benefit in times of crisis. Turns out this was a big mistake” – July 2015

9 – Gold is doomed” – Matt O’Brien, WaPo, July 25, 2015, $1,097 “A bet on gold is a bet that people in charge don’t know what they are doing”

When a majority is in one way train, may be time to think it is time to enter or get out.

Happy Investing and thanks to MacroTourist for the list

   Envoyer l'article en PDF