John Embry of Sprott: excellent speech on gold

[metalman]

Re: John Embry of Sprott: excellent speech on gold

And EJ not only missed the March '08 bottom in the S&P 500, but added to his Shorts of Financial stocks in April of '08.
Does that make him an unsophisticated dope?:confused:

(No one is always right - except for me when I'm arguing with my wife.)

uh... let me refresh your memory...

Debt Deflation Bear Market: First Bounce - Eric Janszen mar 27 2009

he got near the bottom & near the top... by 22 days. what a dope!



anyone else notice that? just me? what the hell do you guys subscribe for?

[jpatter666]

Re: John Embry of Sprott: excellent speech on gold

uh... let me refresh your memory...

Debt Deflation Bear Market: First Bounce - Eric Janszen mar 27 2009

he got near the bottom & near the top... by 22 days. what a dope!



anyone else notice that? just me? what the hell do you guys subscribe for?

Huh? EJ called an end to the first bounce much earlier as I recall (july?). He recognized the error and changed the date, but let's not whitewash history here....

[metalman]

Re: John Embry of Sprott: excellent speech on gold

Huh? EJ called an end to the first bounce much earlier as I recall (july?). He recognized the error and changed the date, but let's not whitewash history here....

i'm getting old & forgetful... rely on google search & such. pls show me the july 'end' call. i'm sure you're right. i must have forgot... i ignored it.

[jpatter666]

Re: John Embry of Sprott: excellent speech on gold

i'm getting old & forgetful... rely on google search & such. pls show me the july 'end' call. i'm sure you're right. i must have forgot... i ignored it.

Cheh-shaped recovery -- actually, the call was mid-June!

The cheh shaped recovery – Part II: Yield curve says what?

ZIRP hell for debtors
First Bounce is over
Entering the high volatility zone

[Raz]

Re: John Embry of Sprott: excellent speech on gold

uh... let me refresh your memory...

Debt Deflation Bear Market: First Bounce - Eric Janszen mar 27 2009

he got near the bottom & near the top... by 22 days. what a dope!



anyone else notice that? just me? what the hell do you guys subscribe for?

If you will go back and reread not only my post but several that preceded it you will understand that I was not bashing your hero.

HOWEVER, I distinctly remember either EJ or FRED saying that they added to their shorts of financial stocks not long at all after the impulse move to the upside on March 10th, 2009.

I've just spent about twenty minutes looking for it and I plan to continue until (1) I find it, or (2) begin to wonder if it has been removed, or (3) am forced to believe that my wife is correct in her assessment that I've lost my memory and much of my mind.:eek:

I did find posts that I made soon after that upside impulse day of March 10th, 2009.

http://www.itulip.com/forums/showthr...4160#post84160

http://www.itulip.com/forums/showthr...8866#post88866

In answer to your question: I notice a lot of things. I noticed an apology from EJ for missing a 60% move in the S&P 500 without having a penny invested in oil stocks or any other equities. He's a big boy who doesn't need defending - especially when he's not being trashed.

[ThePythonicCow]

Re: John Embry of Sprott: excellent speech on gold

... or (3) am forced to believe that my wife is correct in her assessment that I've lost my memory and much of my mind.:eek:

Just remind her you were smart enough marry here, and still smart enough to stay married to her. You haven't lost it all yet.

[Chris]

Re: John Embry of Sprott: excellent speech on gold

If you will go back and reread not only my post but several that preceded it you will understand that I was not bashing your hero.

HOWEVER, I distinctly remember either EJ or FRED saying that they added to their shorts of financial stocks not long at all after the impulse move to the upside on March 10th, 2009.

I've just spent about twenty minutes looking for it and I plan to continue until (1) I find it, or (2) begin to wonder if it has been removed, or (3) am forced to believe that my wife is correct in her assessment that I've lost my memory and much of my mind.:eek:

I did find posts that I made soon after that upside impulse day of March 10th, 2009.

http://www.itulip.com/forums/showthr...4160#post84160

http://www.itulip.com/forums/showthr...8866#post88866

In answer to your question: I notice a lot of things. I noticed an apology from EJ for missing a 60% move in the S&P 500 without having a penny invested in oil stocks or any other equities. He's a big boy who doesn't need defending - especially when he's not being trashed.

I remember this also Raz, but can't find the post.

[Spartacus]

Re: John Embry of Sprott: excellent speech on gold

Embry is an unsophisticated permabull on gold.

If it were that easy, everyone would be long gold.

I could have sworn I read some Gold bear pieces from John in the late 80s and early 90s in some Canadian business magazines.

They were obscure magazines and it looks like they never made it to the the interwebz.

[phirang]

Re: John Embry of Sprott: excellent speech on gold

I could have sworn I read some Gold bear pieces from John in the late 80s and early 90s in some Canadian business magazines.

They were obscure magazines and it looks like they never made it to the the interwebz.

Well, if gold was great at 1100, it's even better now!

[LargoWinch]

Re: John Embry of Sprott: excellent speech on gold

Well, if gold was great at 1100, it's even better now!

phirang, what about you illuminate us with all your superior intelligence and foresight?

Simply tell us your current allocation and forecast for this year. Simple for a genius like yourself isn't?

[Down Under]

Re: John Embry of Sprott: excellent speech on gold

phirang, what about you illuminate us with all your superior intelligence and foresight?

Simply tell us your current allocation and forecast for this year. Simple for a genius like yourself isn't?

Hey Largo, phirang's a professional trader; that is, he makes his living from trading. Few are able to achieve that.

But, the point is, phirang may possibly have no long term investments. Trading and investing are completely different.

[LargoWinch]

Re: John Embry of Sprott: excellent speech on gold

Hey Largo, phirang's a professional trader; that is, he makes his living from trading. Few are able to achieve that.

But, the point is, phirang may possibly have no long term investments. Trading and investing are completely different.

Fine.

Phirang, please post your trades and foresight in traders' corner for review.

[phirang]

Re: John Embry of Sprott: excellent speech on gold

Fine.

Phirang, please post your trades and foresight in traders' corner for review.

I don't have a subscription to iTulip.

This bounce today was totally predictable: I even bought some gold miners towards the close yday.

That said, the trend of the dollar remains UP. If you think gold crashed hard, wait till you see oil and copper get nailed!

[hayekvindicated]

Re: John Embry of Sprott: excellent speech on gold

If you will go back and reread not only my post but several that preceded it you will understand that I was not bashing your hero.

HOWEVER, I distinctly remember either EJ or FRED saying that they added to their shorts of financial stocks not long at all after the impulse move to the upside on March 10th, 2009.

I've just spent about twenty minutes looking for it and I plan to continue until (1) I find it, or (2) begin to wonder if it has been removed, or (3) am forced to believe that my wife is correct in her assessment that I've lost my memory and much of my mind.:eek:

I did find posts that I made soon after that upside impulse day of March 10th, 2009.

http://www.itulip.com/forums/showthr...4160#post84160

http://www.itulip.com/forums/showthr...8866#post88866

In answer to your question: I notice a lot of things. I noticed an apology from EJ for missing a 60% move in the S&P 500 without having a penny invested in oil stocks or any other equities. He's a big boy who doesn't need defending - especially when he's not being trashed.

Really well put Raz. Very eloquent.

I agree - this isn't Nazi Germany where the regime's message needs to be reinforced by the SS and the Gestapo. Sometimes Metalman is too cartoonish to even deserve a reply.

I have high regard for EJ but he has often been wrong - nothing wrong with that (even Barnard Baruch said one could be wrong 6 times out of 10 and still amass a fortune). However, one doesn't need to raise EJ to the level of a financial demigod for him to be taken seriously.

All forums thrive on dissent and we have plenty here - which makes this place great. We don't need dedicated drumbeating cheerleaders for the house pummelling the opposition. I wonder if even EJ often gets embarrassed by the Metalman's cartoonish toeing of the party line.

[skyson]

Re: John Embry of Sprott: excellent speech on gold

Really well put Raz. Very eloquent.

I agree - this isn't Nazi Germany where the regime's message needs to be reinforced by the SS and the Gestapo. Sometimes Metalman is too cartoonish to even deserve a reply.

I have high regard for EJ but he has often been wrong - nothing wrong with that (even Barnard Baruch said one could be wrong 6 times out of 10 and still amass a fortune). However, one doesn't need to raise EJ to the level of a financial demigod for him to be taken seriously.

All forums thrive on dissent and we have plenty here - which makes this place great. We don't need dedicated drumbeating cheerleaders for the house pummelling the opposition. I wonder if even EJ often gets embarrassed by the Metalman's cartoonish toeing of the party line.

please forgive metal. he is that kind of men that once fix on some theory or viewpoint, every other contradicting information will be filtered by his specialty ear plugs/eye glasses...

did i say that he was a territorial bull dog? just stay away, man...