| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Why Gold’s Historic Collapse Is Not Over
Money And Markets
Larry Edelson
Millions of investors have been skinned alive in the gold market. They got married to their positions and failed to realize that gold is like any other market. What goes up, must also pullback.
Even some of the savviest investors in the world got killed in gold. Billionaire investor John Paulson lost as much as $600 million in last week’s gold rout and nearly $1.5 billion since gold peaked in 2011.
Another huge investor, David Einhorn also lost big. Ron Paul has lost big. So has billionaire hedge fund manager Kyle Bass. And more.Have you ever wondered how billionaires continue to get RICHER, while the rest of the world is struggling?”I study billionaires for a living. To be more specific, I study how these investors generate such huge and consistent profits in the stock markets — year-in and year-out.”
Even the central banks have been pounded by gold, losing an estimated $560 billion in last week’s gold rout.
That’s just the big investors. It doesn’t count the tens of billions of dollars lost by average investors all over the world.
Fortunately, those following my analysis are not among them. I have been consistently bearish gold for well over a year now, and anyone following my work either avoided huge losses …
Or even better, acted on the more specific advice I’ve given in my paid publications, went short via futures or inverse ETFs on gold, and cleaned up big time.
The Level of Disbelief in Gold’s Correction
Means More Losses Lay Ahead
When investors in any market are in denial about what’s happening, it’s virtually a sure fire sign that the current trend is going to continue.
 |
| Millions of investors refused to believe gold could fall so far … so fast. |
Why? Because they’ve suspended all semblance of logic and they’ve become so irrational that they can’t see the forest for the trees.
For instance, in gold right now you have three types of investors …
1. Those who believe gold was “ambushed” by big investors who wanted to trash the market and inflict losses on small investors.
But if that were true, then why did all the big investors I mention above lose so much money? Surely, they would have gotten wind of the ambush and been able to avoid a big portion of the actual losses they took, wouldn’t they?
Then there are …
Via: etfdailynews
More “Johnny come lately” BS. Gold is for the long haul not for trading. As a hedge against fiat money. That’s why it has been the best INVESTMENT for the past decade.
Gold is NOT an asset, it is MONEY. Those who trade gold like it was a stock are going to lose. Shills like this guy are the reason why.
Even if gold dropped to $400 an ounce I’d rather have it than the worthless paper being printed to death by the ‘federal’ reserve. Gold has had value since the beginning of time. The dollar has only been around about 100 years and is controlled by the biggest scum bags since Judas. Until the alchemists figure out how to turn lead into the yellow metal, that’s where smart people will hedge their bets.
why ya think the nuke powered rovers are digging up mars like a mofo
Blah Blah Blah
This dude must be a member of Obama’s re-election team.
Rebuttal to your “1.” —- The top bankers and elitists will not sell their gold because of a temporary drop in the market if they know it is going to rebound and skyrocket… They will hold their positions then use the market drop to scoop up even more physical gold at CHEAP prices..
Your logic is backwards
your exactly correct! they scare the little scared investors out, push selling gold before its worthless (like that can happen) then as you say scoop it up cheap when its all scooped they will jack the price out of reach and crash the paper markets and baddaboom its over for the suckers….will they get away with it? who can say, so many are waking up now, who knows what will happen now, aint gonna be good either way far as I can see
You are trying once again to create the illusion that paper “assets” are real. They are not. Do all of thse billionires hold paper gold or the real thing? How about the central banks? If they are still holding physical metals what exactly did they lose? Does an oz weigh less today than yesterday?
You are measuring their worth in dollars (which are worthless) instead of purchasing power which hasn’t changed in a thousand years.
All the people you mentioned STILL OWN THE PHYSICAL METAL DON’T THEY? NtHEY AREN’T STUPID.
WAKE UP PEOPLE!!
END THE PAPER GAME!!!!
BUY PHYSICAL SILVER
BUY PHYSICAL GOLD
BUY BUY BUY
MAY 1ST A WORLDWIDE BUYING CAMPAIGN TO END THE PAPER PONZI