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Old 09-18-2008, 11:11 AM   #3
BCEagle91
Senior Member
 
Join Date: Apr 2008
Location: New Hampshire
Posts: 2,918
I've never heard of him but it looks like he's in the business of selling books. Maybe he has a subscription service too. My experience is that those that provide their services for free do a better job in making calls than those with paid services. I know of one exception with a long track record but you can get his calls for free if you look around the web and he tells you what they are on the radio anyways.

Those that sell trading services have to keep current subscribers happy and have to get new subscribers. These can be mutually exclusive goals. You can get the above information from GATA, PrudentBear.com, gold-eagle.com and lots of trading boards.

There are those that make a decent living being permabears. They put out all of the negative news on the economy and always expect the worst. Then there are the permabulls that always think that we're in prosperity or it's just around the corner.

The most successful that I've seen use trend-following systems. They don't care if things are going up or down. They just go with the flow.

The decoupling of currencies from gold means that central bankers can inflate as much as they want to. In the past, this was seen as reckless because you trashed your currency. But many other countries do this to improve their trade position. If every country inflates, then is it really inflation in terms of trade? Inflation is the way that you kill debt. And we have a lot of debt. The other approach: liquidation results in miscellaneous losers all over the place, sometimes known as counterparites who are sometimes you and me.

This is a pretty crappy rally for the $40 billion liquidity add today from the NY Fed. $180 B in total by central bankers.
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