Free email update from his site:
As a public service, on many past occasions I have issued general announcements about major market turns in the S&P, Notes, the Euro and Gold.
Today's announcement is on GOLD. Following last week's massive, $130 collapse, Gold has given us EXACTLY the move required top confirm the bull market is OVER!
As usual, with any major market call that is contrary to the public's belief system, this will come as a shock and be immediately rejected by the majority. But, there is no denying Gold has experienced its largest, fastest decline in over 10 years, which virtually guarantees a multi-year correction has begun.
If you want to be prepared for years of DEFLATION, not inflation, and you want to benefit from a rising dollar and falling Gold market, make sure to join before it is too late. Go to http://www.neowave.com/product.asp and pick the Gold service that best fits your needs.
Glenn Neely
NEoWave, Inc.
Gold bull is over
Started by
Tor
, Mar 25 2008 12:50 PM
13 replies to this topic
#1
Tor
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Posted 25 March 2008 - 12:50 PM
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#2
Islander
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Posted 25 March 2008 - 01:27 PM
You doubtless know that Glenn is like most EWavers, too absorbed in his own work to look out the window. Short run we have Congress preparing to bailing out the homeowners. This will panic the dollar holders and push gold up. Maybe step two - to come later - is the deflation, but I think it will be a while. BTW the EW Insternational clan is also bearish on gold. Makes me feel better. Islander
#3
dougie
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Posted 25 March 2008 - 01:36 PM
can anyone tell me the last really good gold call he made?
#4
dougie
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Posted 25 March 2008 - 01:43 PM
as a i recall he last called a LT gold top in may O6 at 675, not a bad call that...
#5
dharma
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Posted 25 March 2008 - 02:41 PM
ahhha boy! good work! dharma
ps. elliott died broke
#6
bnick
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Posted 25 March 2008 - 03:25 PM
Deflation does not necessarily mean that gold goes down substantially. In fact, deflation can be good for gold--it's all about the changing liquidity preference of the consumer...
#7
cgnx
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Posted 25 March 2008 - 04:08 PM
Whose going to sell gold? Traders? The public? Non-Americans? The amount of shares or gold held by any of these groups is imho on the light side.
Have you noticed the commercials on tv are only to buy your gold from you. Not sell you gold. I think that tells you something. Folks are selling there gold thinking this is about as high as it goes. WRONGO. But what can you do. Most folks will not make much money in this Gold Bull. They will all be out of it. Very few folk own gold. Don't kid yourself.
If it can be cornered, it will.
#8
Woody
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Posted 25 March 2008 - 05:35 PM
Whose going to sell gold? Traders? The public? Non-Americans? The amount of shares or gold held by any of these groups is imho on the light side.
Have you noticed the commercials on tv are only to buy your gold from you. Not sell you gold. I think that tells you something. Folks are selling there gold thinking this is about as high as it goes. WRONGO. But what can you do. Most folks will not make much money in this Gold Bull. They will all be out of it. Very few folk own gold. Don't kid yourself.
The buyers are hoping that people dont realize what market value is, its a semi scam profiting on peoples stupidity has nothing to do with mkt direction
Oh YA!
#9
dharma
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Posted 26 March 2008 - 09:31 AM
the large holders, the central banks are building their hoard. do as they do, ignore what they say.Whose going to sell gold? Traders? The public? Non-Americans? The amount of shares or gold held by any of these groups is imho on the light side.
Have you noticed the commercials on tv are only to buy your gold from you. Not sell you gold. I think that tells you something. Folks are selling there gold thinking this is about as high as it goes. WRONGO. But what can you do. Most folks will not make much money in this Gold Bull. They will all be out of it. Very few folk own gold. Don't kid yourself.
its significant to me, that on this board posters are posting about the top. right here, right now. when the system is in deep trouble.
dharma
#10
nimblebear
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Welcome to the Dark Side !
Posted 26 March 2008 - 02:25 PM
I recall Neely telling folks to bail right before the market began its huge rally in '03. Didn't stay around to see if he ever reversed that call.
Ike featured him all the time on his impish I-Net interviews. Made for some colorful commentary and probably caused a few people to stay out or bail at precisely the wrong time. That pretty much soured me on the whole Ike thing, though I never wasted much time tuning in.
OTIS.
