Robert Prechter

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Uploaded by on Dec 11, 2009

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News & Politics

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  • "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

  • 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.

  • when was this on?

  • this won't happen because now everyone loves the dollar

  • 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.

  • 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 doubt Prechter, but I have the feeling you have no idea what we are discussing here.

  • He has been saying it from August! Not from yesterday.

  • 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

  • if you a trader and listen to bob precther, you have lost a lot of money since august.

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