this guy really has no idea. thoughts? , page-7

"If you listen to ANYTHING in the mainstream media you are surely only looking for contrary indicators.
Its like Government.
If you follow the rule 'Anything Government throws money at - Do the opposite' you can't go wrong. Because it will end up being a dog."

I agree Dom. The consensus among the mainstream media and financial pundits is that gold & silver only has one way to go - up!

Likewise, central bankers are the best contrarian indicator for gold prices. They were net sellers of gold back in 2001 (near a major bottom around $300/oz) but have finally become net buyers of gold over recent months (around $1500/oz). That's a clear sell signal for mine.