sell on the bounce, page-27

March 2008 I am calling a top and suggesting it could go as low as $700 !

"Dont buy again till we have set a support base for the correction this could go as low as $700"

"Its not the time to enter any sector until this correction gives us some guidance for the future"

October 08 it hit $708 from memory, you might also note that I was calling the DJIA to be in crash territory :)

I dont get it always right but not a bad call all the same.

I think if you carefully read through my posts my batting average isnt to bad at all, yes we all make poor calls, timing is especially hard to get right , but still I get it right more than wrong most of the time.

I am on record in a number of forums getting the overall GFC right, including the causes of it , I called subprime, Lehman, AIG crashing because of CDS exposure, the monoline near failures, the sovereign debt issues in Europe and a strengthening USD.

I called the GFC in Feb 08....ANZ at 23.84 I bet three folk on HC it would go to 15, although I bet three others at 12 it would got 12 and it went to $22 lol.

I missed the strength of the rally in equities and got out to early, that and a bunch of other calls underestimated the effect of government intervention, I underestimated the extent and will of the various government to bail out the big financial s....but geeze who would have expected them to provide bailout to that extent.....so on the whole porbably a touch pessimistic on the extent of the GFC...........but Im record as to the coming GFC 2, the timing is hard, I note that things come a little later than I generally expect.....so Im probably a little to risk adverse

anyway its all there for folks to search through, there are some errors and bad calls but hey I am not Nostradamus

This time gold will go through 850 and may make it all the way down to 700, somewhere in that range.