how many ounces, page-85

Vendor you were quick to criticise me (yet again) when gold stocks dropped for a couple of days after I posted that I thought “there is a potential for gold to “surprise us” yet again, this time by climbing not long after any news of tapering instead of falling.” You didn’t even wait to see if what I said about a bounce soon after the FOMC meeting was a reasonable call or not. You jumped at the chance to bag me again even before the FOMC meeting;

“ “16/09" Quite surprisingly, NCM is back above last Wednesdays close when POG was above 1360.
A sign that this is a "false break" of support for gold? Impossible to know of course but a positive.

I am staggered given your technical prowess chuck that you would make such a declaration.
Ncm had sell written all over it on the 06/09 which most technical indicators confirmed. If you weren't entirely sure the final confirmation was on the 12/09.”

I also said;
“Now we have had very weak gold prices ever since the $85bill was announced (other than the latest rally). POG is at 1330 compared to around $1750 when QE3 was announced. This is why I think it’s all priced in again (tapering) and why there is a potential for gold to “surprise us” yet again, this time by climbing not long after any news of tapering instead of falling. Anyone buying gold stocks on the QE3 news and holding would have done poorly. Anyone selling and staying out on any news of tapering might do equally poorly.
One thing you can’t rely on and that’s the media’s reporting or understanding of the gold market.
Also notice the broadening rising wedge on the HUI. These are generally regarded as reversal patterns with reportedly around 75% accuracy- bearish after bull markets and bullish after bear markets. Most of the info on the web talks about these after bull markets rather than after bear markets possibly because they are more common following bull markets.
I guess we can expect plenty more volatility into the FOMC meeting but Summers pulling out might help gold/HUI tonight.
Most of our producers are up 3-6%.”

Well if I misled anyone with that post, my apologies. I post what I think. I also added in a later post on the same subject “of course I could be proven wrong. It’s always a game of odds. It would be difficult to believe tapering is not factored in by now.” So I do accept that there are always risks of being wrong. I am not afraid to post what I think before the event in case of being wrong. Nothing wrong with being wrong at times- We have to expect that in this market. My posts are to invite feedback and constructive criticism not personal criticism.