from James Dines October newsletter... "With all of our other predictions for 2018 coming true, we do believe that even our gold prediction will eventually be realized because gold is gold is gold. Our Gold Sentiment Indicator has fallen to its most historically pessimistic levels, which is actually bullish for the yellow metal, so gold stocks should be rising soon. A whole generation of investors has become complacent about a general bear market, or a gold bull market, yet both are wonders to behold. Appearances can be deceiving: a dollar bill looks the same as it did 50 years ago!
As “The Original Goldbug,” the yellow metal is one of our areas of special expertise, and we believe that our “Buy” for gold stocks on 28 Aug 18 detected the beginning of a rally, as displayed in the accompanying chart, which we scrutinize carefully, looking for signs that a new gold bull market actually has begun.
It turns out that the 28 Aug 18 “Buy” was only eight days and a mere 4% from the low so far, and gold stocks have been moving up.
James Dines is legendary for having made correct forecasts that were in complete contradiction to the rest of the financial community. He is the author of five highly regarded books, including "Goldbug!," in addition to his popular newsletter, The Dines Letter, and videotaped educational series. Dines' highly successful investment strategies have been praised by Barron's, The Financial Times, Forbes, Moneyline, and The New York Times, among others.
Edited by Russ, 08 December 2018 - 06:01 PM.
I own a few of those tax selling laggards. Been patiently waiting for them to move higher. Perhaps this could be my opportunity.
Will know in the fullness of time.
