I don't know much about Dave
Kranzler except what I read by these calls below. His articles are posted at Investment Research
Dynamics/Kranzler Research and appear on
Silver Doctors. He is cited as a PM Fund Manager.
From what I can see by a cursory view is that he
dislikes the FED, believes in PM manipulation and isn't afraid to
speak his mind. He frequently talks about the economy, housing +
Bond markets, politics and other areas outside of precious metals.
These article headlines have an element of sensationalism, and attention-seeking,
attached to his
colorful and often critical writing. Let's take a look at some of his headline predictions
(note the dates).
January 15, 2014 - Goldcorp
Offers To Buy Osisko Mining: The Bottom Is In - The Gold
price at the time was $1247 - less than 2 years later it hit $1049.
At the writing of this (April 2016) - it is $1237. It might have
been more accurate, short term, to say a 'Top Was In'. Incidentally,
Gold Corp at the time was $24.01 - a year later $10.32 although it
has bounced back a bit recently.
February 26, 2014 - The Gold/Silver Ratio: Gold And Silver Are
Going Higher - at the call, Gold was $1340, Silver was $22.
They both only went much lower. If they are going higher - it wasn't
within the two-years after the call.
April 3, 2014 - The World Slowly Waves “Good-Bye” To The
Petro-Dollar - I understand the call, but so far (over
2-years) it has not come to pass.
April 19, 2014 - GOFO Plunging Again - Indicating A Big Move in
Gold? Gold was $1300 - the only move was down.
May 12, 2014 - BIG Move Coming: Silver Is More Oversold Than At
Any Time In The Last 20 Years Silver was $19.30 and it
declined about another 25%.
June 13, 2014 - PM Fund Manager: The Junior Mining Shares Are
Being Aggressively Accumulated! In this article he states that the
smart money is starting to flow aggressively into the junior mining
shares. Indeed there was big volume on GDXJ the day before.
It was $38.40, yesterday (April 7th, 2016) $29.20 - 'not so smart'
money or some might say 'dumb money' and 'dumb call'.
June 15, 2014 - Is Silver Set Up For A Huge Short Squeeze?
Was about $20.60 on that day - down by $25% less than 2-years later.
July 9, 2014 - Hyperinflation Dead Ahead? US Monetary Base Goes
Parabolic - headlines including the term 'Dead Ahead' infer
immediacy. 9 months later - nothing but deflation.
July 10, 2014 - We’re On Cusp Of A “Nuclear” Meltdown In The Credit
Markets - 'On the Cusp' inference of transpiring soon - it is
really more 'Fear Porn' - his reasons for spouting it are his own.
July 22, 2014 - Derivatives Armageddon: Yes, Gold & Silver Will
Indeed Go to the Moon! - the never ending prophecy of PMs
dollar-denominated price rising dramatically higher becomes tiresome
and loses credibility with each failure. While I believe in Gold as
the ultimate wealth reserve - even a non-professional, such as I -
sees no value in anticipating it imminently... of course, I am not
pandering to hopeful clients or selling financial services.
July 31, 2014 - The Scatalogical Matter Is Really Flying Now
- Cute. Visual. Sensational, Dramatic, Inaccurate.
September 3, 2014 - PM Fund Manager: Junior Mining Shares Look Ready
to “Rumble” - In retrospect, September 2014 - GDXJ was $37.49
- today $30.33 - perhaps not rumbling and we should remember that in
April 2011 it was $167.40
September 3, 2014 - PM Fund Manager: Russia & China Will Force Gold
Market Higher to Bring Out Physical Gold - an unfounded and
very hopeful guess for Goldbugs and Silverbugs.
September 11, 2014 - PM Fund Manager: The Bottom is In! I am
standing by my call that we are at, or at least forming, a bottom in
this vicious manipulated attack on the precious metals. NO,
THE BOTTOM WASN'T IN - both metals dropped, and have continued to,
as soon as the words were typed by his keyboard! What a joke.
September 23, 2014 - PM Fund Manager: When Manipulation Ends, Gold
Will Snap Higher Than Anyone Can Imagine - this continues
under a number of assumptions that the price of Gold is manipulated
(instead of supported), that if it exists - that it will end - and
that it can 'snap' higher as opposed to either slowly rise or
be revalued overnight. Ohhh, and that an individual or small group
couldn't imagine the loftiness of the eventual price. The former are
guesses and the latter - he is already wrong.
October 10, 2014 - Silver Eagle Sales Hit A One Day Record Two Days
In A Row at the time of this value-less sound-bite Silver was
about $17.40 - at the end of this same month - it was $16.25.
So what was point - except to indicate our theory that physical
demand pushes the paper price lower.
January 6, 2015 - Fund Manager’s 2015 Prediction: US Collapse & Huge
Increase in Civil Unrest! - just plain, wrong. How does a guy
continue to make so many bad calls and maintain a voice in the
public. He doesn't think he's wrong - just early... well, timing is
everything and being early is wrong - unless you are
advocating saving in gold (as we do) then all this vitriol is
February 17, 2015 - Metals & Markets With Dave Kranzler: Silver
Will Be Best Performing Asset of 2015! Started that year at
$15.75 finished it at $13.82 down 12%. An atrocious call.
February 23, 2015 - Complete Breakdown Of All Economic Activity
- ?!? WOW - talk about sensationalism!
March 3, 2015 - Silver Will Be The Gift That Keeps On Giving In
2015 Down 12%. It didn't 'give' - it 'took' - most of the
year. Bad call, Dave.
March 31, 2015 - The Bond Market Is Headed For A Historic Crash
- when? a year later - nada.
May 20, 2015 - Fund Manager: Next BIG Gold & Silver Move Has Begun!
- No. Average for the month was $1200 - it's stayed thereabout
for almost a year.
Housing Market - Hey, I
understand the 'bubble' sentiment, it sure looked/looks like it was bubbling,
does, but to call the bursting as imminent is pretty foolish for a,
professional. Anyway - it's still going - maybe not as strong but
still buoyant in many major cities. These 2014 calls may, eventually, be accurate one day
but, as it stands - here are 7 bold calls over
8 months (below) that infer imminence and that are all far too
premature and look like random guesses in
hindsight. Advice: 'Stop trying to time bubbles, Mr. Kranzler.'
Funny that once the bubble does deflate or burst - he's going to
remind us "I told you so as far back as early 2014!"
May 20, 2014 - Housing Bubble
2.0 is Popping…
May 23, 2014 - The Housing Market Is D O A
July 31, 2014 - Pending Home Sales: Doom And Gloom Descend On The
September 4, 2014 - Sending a
Signal: Housing Market is Tanking!
October 29, 2014 - Fund Manager Warns: “Evidence Of A Sweeping
Housing Bust Is Starting To Appear”
November 28, 2014 - Fund
Manager: “High-End Housing Is Going To Get Slaughtered”
December 9, 2014 - Here We Go:
Housing Market Crumbling