" ... were great when the market was rising, but very average in 2007 and 2008."
My comment:
You'll find nearly all the share tip sheets great when the market is rising. But not when it is falling. And usually NOT BEFORE a major change of trend.
I subscribed to a charting tip sheet back in the days before computers were common.
Just before the 1987 Crash they described the correction as "The pause that refreshes." How wrong they were when that "pause" turned into a Crash before their next newsletter!!
In addition they had their own charting Index which was bullish about the market before the Crash. Sometime after the Crash - they probably lost nearly all their subscribers as a result of the Crash - they showed how their own charting Index gave a timely sell warning to everyone BEFORE the Crash.
So they changed their charts to show a winning retro.
I immediately stopped my subscription.
Now let's make this relevant to gold. Have a look at all the wrong calls we keep on getting. Like from the middle of last year when tipster after tipster kept telling us to buy gold and gold shares just in time for the absolute slaughter.
