QUESTION: Are not the bankers now preaching gold down?
ANSWER: Yes. This is what is necessary. At the lows, the MAJORITY will give up and then point to much lower lows. I wrote previously:
“At the low, everyone is bearish and shorts abound. That in turn is the fuel for the reversal to the upside. The classic short-cover out of the hole, So we need the majority of analysts to now turn bearish at last. They will begin to call for $600 gold soon. We need this type of bearishness to build in order for the low to take place.”
https://www.armstrongeconomics.com/2013/12/01/gold-the-so-called-analysts-who-only-say-buy/
The more bearish the people get, the closer you get to the turn. But that turn will not come until 2014 at best.
