+108, page-248

re: gann m'lord M'Lord

Mine is bigger than yours !

Paper profit that is.

But its not the size that matters, its how you use it.

I plan to sit on mine till it more than doubles again...


Meanwhile, back on topic.

To Gann45

It is no good making predictions about something and taking a position like you claim to have done& later telling us your were right when you would loose massivly from doing it.

You claimed to have shorted gold at around US$500 an ounce and then in the next month or so we all saw it go to US$560 plus.

( Hows your margin a/c looking .... LOL )

Even if you are ultimately right & gold does go below US$500 an ounce you would be out the back door, broken & busted.

So what is the use of all this stuff you post.

That is why I believe the conviction, the absolute certaintity with which you post, makes you a danger, in case anyone actually believes, this W.D. Gann nonsense and follows you.

Possibly gold will fall below $500.
You will then no doubt claim how you "predicted it "

FIG JAM type stuff.

But anyone who acted on your advice, at the date it was first given,( and with such confidence), would have suffered the same fate as your hero William Delaware Gann.

They would be broke,..... penniless.

Or even worse they would probably have a huge negative net worth.

As I have said before no stock, commodity, or index is "compelled" to follow some mathmatical formula into the future.

The very conecept is absurd & defies any common sense, reasoning or logic.

Such a holy grail does not exist.

Very occasionally as a matter of chance, it will happen, but it sure aint no way to make a dollar in the market.

Cheers

Bendigo