Reformed Borker (Bork Bork Bork!) - The suspense is killing me. Want a contrarian sentiment indicator? How about the entire blogosphere?
Oh just give us the stupid washout already.
The one that everyone knows is coming.
Write a blog post or a tweet about the imminent correction and everyone retweets you, everyone agrees. The "Correction Camp" is now the world's largest circlejerk as measured by circumference, according to Guinness.
The chief strategist types are all charting the shit out of this new surge in optimism and reminding us that every time we get to this place the market gets crushed immediately afterwards.
Paul Brodsky - blah blah gold. Notable because he's also finally decided to criticize Credit Suisse's dumb gold call. Though his arguments are pretty stupid and revolve around money supply, he's using the same old Ron Paul arguments as the free blogosphere, and he doesn't even have the balls to name CS by name.
On February 1, the Head of Precious Metals Research and the Head of Strategy for Commodities, Foreign Exchange and (curiously) Asia at a SIFI bank published a report that called the end of the bull market in gold, claiming; “the 2011 high will prove to have been the peak for the USD gold price in this cycle, and that (the) “the beginning of the end” of the current golden era comes sooner than the Q3 we forecast in January.” We believe the timing of the report makes sense, given its provenance, and that it may be followed by more such reports from SIFI banks, especially those likely to be short physical bullion vs. outstanding claims for it they may be obligated to fill.
While no one definitively knows the future and the dollar price of gold may rise or fall (you know our view and rationale), we are quite certain gold’s future path will have nothing to do with the arguments included in this report. Sadly, it was a case study in false identities leading to wayward causations and, in our view, a diametrically wrong conclusion.
Brodsky, you're a fucking sissy for not naming names, and it's quite obvious that you got your idea for criticizing CS from my blog. So quit being a pussy and man up. Also, your discourse is nearly incomprehensible.