"I turned bearish early but I also said the upper limit was the low US$400 [per ounce] and that is where it stopped and so far I am very comfortable with everything we have been saying.
Gold is in a bear market so it's not a good thing to own, but I think everyone should have some."- Robert Pretcher in 2004
It's not rocket science. THE FED IS STILL CREATING MONEY, SO... THE DOLLAR WILL GO DOWN.
Economics 101 Lesson:
The economy will not recover until the market can address imbalances: (housing, just to name one). The market NEEDS deflation in the housing market. Housing prices were too high, so they have to come down.
The effort by the Fed to thwart the market via the devaluing of the currency has not worked throughout history, and history is the ONLY evidence for any economic theory.
Most honest economics experts I've listened to on YouTube imply that Prechter is a fraud. My guess is that like the rest of media he is in the pay of the Obama regime and the Fed to decieve Americans that all is well with the American dollar. The financial world and political world are now one.
go robert prechter you have been giving a warning , but some people just don't understand what a warning is, they expect u to say something today and happen tomorrow! ur the best!
If the equities go up another 100% and then collapse 50% let say in 8 month, he will say
"I told you, I worned you there will be a collapse". And ofcource all the news chanels are going to present Robert Prechter as the "man who mpredicted the collapse".
I will not forget the fuck up he did in 1987. He predicted the collapse but then said the DOW is going to the ground because of a Grand Cycle of depretion. We know that the dow went from 1,700 to 14,000 , I think he is a crook.
Also I am sick of Robert Prechter and this is the real reason I was confused. He sounds exactly like the way he sounds 4 month ago. In the meanwhile , everything went against him.
I think he is up to no good.
The only thing he is interested in - is subscription money.
well he turned bearish since august and extremely bearish since early november - he and his team are predicting fall below 667 but he got his butt kicked in November, when his predictions came out wrong, at least so far
Listening to someone for information doesn't mean following his advice 100%. If you did that, you wouldn't have made money on the BMR, but you'd be sitting in cash. From a real estate standpoint, I can get a beach house in Marina Del Rey for $500K that sold for $1.7m in 06. I'm going to buy one next year for $300K so staying safe is worth it.
"I turned bearish early but I also said the upper limit was the low US$400 [per ounce] and that is where it stopped and so far I am very comfortable with everything we have been saying.
Gold is in a bear market so it's not a good thing to own, but I think everyone should have some."- Robert Pretcher in 2004
TheMobocracy 2 years ago
when was this on?
SubZero5 2 years ago
You'd better start taking his advice and get positioned into USD. The dollar will go higher while stocks and gold et al will tank.
planetcave 2 years ago
this won't happen because now everyone loves the dollar
ednan9 2 years ago
being in US$ and not in equity or gold has been Prechtars consistent position since March 09. When will he be right?
Even a broken clock is right twice a day.
frank299 2 years ago
It's not rocket science. THE FED IS STILL CREATING MONEY, SO... THE DOLLAR WILL GO DOWN.
Economics 101 Lesson:
The economy will not recover until the market can address imbalances: (housing, just to name one). The market NEEDS deflation in the housing market. Housing prices were too high, so they have to come down.
The effort by the Fed to thwart the market via the devaluing of the currency has not worked throughout history, and history is the ONLY evidence for any economic theory.
ryeb00 2 years ago
John Kenneth Galbraith: The process by which money is created is so simple that the mind is repelled"
ryeb00 2 years ago
Comment removed
ryeb00 2 years ago
This Video is from November
haveabeer123 2 years ago
Most honest economics experts I've listened to on YouTube imply that Prechter is a fraud. My guess is that like the rest of media he is in the pay of the Obama regime and the Fed to decieve Americans that all is well with the American dollar. The financial world and political world are now one.
thirdcoastguy 2 years ago
I doubt Prechter, but I have the feeling you have no idea what we are discussing here.
SergLLLL 2 years ago
go robert prechter you have been giving a warning , but some people just don't understand what a warning is, they expect u to say something today and happen tomorrow! ur the best!
TheAryam1 2 years ago
He has been saying it from August! Not from yesterday.
SergLLLL 2 years ago
If the equities go up another 100% and then collapse 50% let say in 8 month, he will say
"I told you, I worned you there will be a collapse". And ofcource all the news chanels are going to present Robert Prechter as the "man who mpredicted the collapse".
I will not forget the fuck up he did in 1987. He predicted the collapse but then said the DOW is going to the ground because of a Grand Cycle of depretion. We know that the dow went from 1,700 to 14,000 , I think he is a crook.
SergLLLL 2 years ago
Also I am sick of Robert Prechter and this is the real reason I was confused. He sounds exactly like the way he sounds 4 month ago. In the meanwhile , everything went against him.
I think he is up to no good.
The only thing he is interested in - is subscription money.
SergLLLL 2 years ago
well he turned bearish since august and extremely bearish since early november - he and his team are predicting fall below 667 but he got his butt kicked in November, when his predictions came out wrong, at least so far
ednan9 2 years ago
You are right and I am sorry. But there are so many Smart Asses - who bring old interviews with all kingd of people - that I snapped for no reason.
SergLLLL 2 years ago
This is old video. what the f you think you are doing, Idiot!!!!!
SergLLLL 2 years ago
No, this was from an interview today. Funny that it sounds like an old one.
BringBackCapitalism 2 years ago
if you a trader and listen to bob precther, you have lost a lot of money since august.
ednan9 2 years ago 2
Listening to someone for information doesn't mean following his advice 100%. If you did that, you wouldn't have made money on the BMR, but you'd be sitting in cash. From a real estate standpoint, I can get a beach house in Marina Del Rey for $500K that sold for $1.7m in 06. I'm going to buy one next year for $300K so staying safe is worth it.
BringBackCapitalism 2 years ago