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COMMENT: Marty; you shouldn’t be so arduous on your self. No one has tried more durable than you to change the end result. Socrates is simply unbeatable. I shared your hope that gold would have simply cracked $1000 and that might have been a sling-sot up. But it surely stopped at $1045 and the reversals have been elected and that was the top of that. As a long-term dealer, I understood what you meant. I bear in mind 1985 when gold simply broke $300 and the main gold analyst ___________ threw within the towel. You known as that low and that’s after I began following your work. You weren’t simply an analyst, you have been a dealer.
So ease up. You have got performed your finest. As you stated on the WEC, no person has tried to defeat your personal mannequin as a lot as you, however you have got at all times misplaced.
I for one hope you do Dubai within the Spring. It could be good to see everybody in individual once more.
PD
REPLY: Oh, sure. I do not forget that commerce. It takes a dealer to know why I stated if gold may crack $1,000, it will then be propelled straight up right into a slingshot. Maybe probably the most vital buying and selling instruments is that the market is sort of a pendulum. The additional it swings in a single course, the quick it will likely be propelled within the reverse. That’s the reason when bubble markets peak, the overwhelming majority of the decline takes place in two to a few key time models thereafter. The failure of gold to have cracked that $1,000 psychological stage can also be when it has languished thereafter.
Right here is the Array from October 1984. It known as all of the strikes accurately and the key low was February with the Panic Cycle the very subsequent month. The following temp excessive was on the following Directional Change in August 1985.
I’ve to confess, in all probability the one forecast of Socrates that actually impressed me personally was the Array we printed in 1999, which you’ll find on the Wayback Machine. It had focused a Panic Cycle in 2008 – 10 years in ADVANCE! It was projecting the collapse globally of the 2008-2009 Monetary Disaster. Clearly, my private feedback are usually not forecasts. I can not beat Socrates and no person else can presumably beat it.
Buying and selling observations are usually not forecasts. Even take a look at BitCoin Month-to-month. You see the usual 2-month decline, temp low, then the pendulum strikes again in the other way, however the energy is diminished. The facility is just too robust on the decline aspect. These are simply observations from being a dealer. They’re NOT the pc. So, sure, my feedback are usually not forecasts however observations. The pc does the forecasting not me. Not even I can defeat Socrates.
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