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GrokTrade predictions/analysis

PostPosted: Sat Feb 06, 2016 10:03 am
by blackrabbit
https://www.youtube.com/watch?v=oMzsTbqZ2Ec

Good analysis on major markets. It is all interesting but go to 6:40 for good metal information.

Re: GrokTrade predictions/analysis

PostPosted: Sun Feb 07, 2016 1:54 am
by Recyclersteve
He was really excited about breakouts but I didn't hear any specific predictions about how high he thought gold or silver would go and dates by which he expects those targets to be achieved. He made no mention whatsoever about potential manipulation of gold/silver, which is either naive on his part or irresponsible (or maybe he is a technical trader and just hasn't heard about manipulations). Manipulations have been discussed for years by the likes of Ted Butler, Eric Sprott, Mike Maloney, Rob McEwen and many others.

I do agree that when gold and silver start to move they can really move (and the miners can move much more on a percentage basis than the metals). Unfortunately, the flip side is true as well. When gold and silver pull back, the miners can go down much faster too.

Re: GrokTrade predictions/analysis

PostPosted: Sun Feb 07, 2016 9:40 am
by blackrabbit
Yeah he is a chartist and there is a ton of data. I just seems to me like the pushdown has been so severe that decent spring up may have started. Also Doc said 13's for the low and he is always right. ;)
Maybe back to 13s tomorrow, as I sold a roll of silver :oops: , but maybe up to 15.50 tomorrow as I bought a nice chunky bar of silver. :mrgreen: