Showing posts with label Turd Ferguson. Show all posts
Showing posts with label Turd Ferguson. Show all posts

Calling my bet with Turd [UPDATED]


Hullo, Screwtape types. It's been a long time. Did you miss me?

So, those of you with long memories will recall my post at the end of 2012, setting out the case for gold being about to enter a serious bear market. At the time, gold was at $1672/oz (woah - remember those days..?) and had put in rather a stinker of a year.

I pointed out the simple, almost trite, fact that anyone - ANYONE - who had advised you to buy gold during 2012 had been wrong. Not maliciously wrong, perhaps, but wrong anyway. And I thought that this fact should arm the future readers of the silverogosphere in 2013 when considering their next steps.

Sunday pre-game, 7/1/2012


UPDATE: I attacked Turd Ferguson in this post on the grounds that he disrespected a Screwtape colleague. I have since reason to believe (as per Turdite and commenter LeGrew's insight) that I might have jumped the gun and accused him unfairly, so I have deleted that part of this post, which, upon reflection, was uncharacteristically nasty, on account of my oxycontin withdrawal pangs at the time. 

Alright, now to the metals. We had a big move to close the week and month. These charts all speak for themselves, but I will speak a few words for them regardless (in captions):

Gold YTD. Watch the 40-day exponential moving average, which I follow in place of the less informative 20-day.