Bo Polny          John Embry


John Hathaway        Stephen Leeb        Stewart Thompson


Steve "St. Angelo" SRSRocco     Martin Armstrong


Silver Doctors      Dave Kranzler        Bill Holter        Jim Rickards


David Morgan      Ted Butler



If you'd like us to research specific others - please email us.

James Turk

When promoting his business GoldMoney (later bought by BitGold) - the purpose of which was to encourage people to buy precious metals - hopefully, through his company - James Turk made some of the most outlandish and ridiculously poor calls in the sector. Let's look at a few of these headlines from articles:

November 16, 2010 James Turk - $400 Silver by 2013 to 2015 - and yet it flounders at 1/27th your predicted price 1-3 years after your specified date. Any comment Jimmy?

December 2, 2010 James Turk - Expect Extremely Bullish Action in Mining Shares - many of the majors went from $50 to $5-6 dollars

July 5, 2011 Turk - Commencement of QE3 to Send the Dollar Into Oblivion - yet the dollar has only gained strength since DXY from 78.2 (the time of his comment) to 94.64 (April 2016) exceeding 100 a few times on the way.

September 12, 2011 James Turk - Expect $2,000 Gold Within 45 Days (I, instead, expected James Turk to STOP MAKING PREDICTIONS!... but I was wrong)

October 31, 2011 James Turk - Silver Formation Projects Spike to $60 - $75 Level

November 28, 2011 James Turk - Bullish Flag Pattern to Quickly Send Silver to $70 (Note to self - don't trust 'flag patterns'... or Turk)

December 7, 2011: James Turk - The Banking System is on the Verge of Collapse (perhaps 'verge' is not the correct word, Mr. Turk)

January 5, 2012: James Turk - Gold is Great, But Silver is the Next Apple
(In the ensuring months Apple drops by almost half - Silver too - the man is finally right!)

January 16, 2012: Turk - 2012 to See Much Deeper Banking & Currency Collapse (I must have missed it)

June 18, 2012 Turk - Gold Will Shock Investors By Soaring This Summer - It went from $1625 June 19th, 2012 to $1559 by June 28th, 2012 - and today $1225 - making Mr. Turk's predictions a contrary indicator in both the long and short term

July 16, 2012 Turk - Summer Doldrums Over, Gold & Silver To Explode - It exploded from $28.40 to $26.50... now $15.01 (April 2016)

October 11, 2012: Turk - Expect A Massive Short Squeeze In Gold & Silver just don't expect Mr. Turk to give up on making Bullish predictions that promote his business...

November 28, 2012 Turk - Current Financial System To Implode Within 24 Months (43 months later?...)

May 10, 2013 Turk - Incredible Chart, Look For $12,000 Gold & $600 Silver (Charts are great...just great - ask Rocco)

Now, it's acceptable to make a few bad calls, but one should look at the motivation behind guys like Turk and Sprott - the pronouncements of anticipating higher metals prices is compromised by the benefits such predictions make for their respective business ventures - they are content luring manipulated investors into pouring good money after bad into their services. They may be well-spoken, quality orators, but that doesn't make them any less a charlatan. Unfortunately, there are plenty of other PM analysts that band-together refusing to acknowledge their failed predictions and continuing to hype the paper-price of PMs with the inference that it is manipulated. This benefits them to tell unwitting followers of their videos, newsletters, services etc. exactly what they want to hear; that the public's coin/bar buying is helping defeat an unjust paper system and a dramatic reset is imminent! But looking at Sovereign tonne data - this is nonsense. When  it comes to the physical gold market - we are a drop in a bucket dwarfed by CBs, countries and we are microscopic in terms of paper gold. You may feel enlightened owning Gold but expecting the masses to follow in your footsteps borders on arrogance. For the rest of your lives the world will need fiat money (in the form of paper or digital!) - with its varying levels of eventual devaluation. So...

Which of these two scenarios are more probable, in your mind?

1.) A bottom-up shift in value perception as millions and even billions of small savers use their meager dollars all at once to bid up the price of gold.

2.) A top-down shift in risk perception as the very few physical gold holders of size in the world all at once withdraw their physical from the marketplace.

Just think about this question with realism as your guide. Don't let an over-developed sense of justice and hatred of evil banks ("banksters") and CBs sway you from logical probability.

If you consider #2 - then what happens with robust physical demand? (take a look at our Rocco calls page to examine this scenario) We can see that higher physical demand means a lower paper-price. Let's remember:

"In our current dollar gold market, the less (physical) gold is supplied, the more it pressures the (paper) price down! Players must create and sell not just more contracts to cover expiring ones, but also sell enough paper to force the price down further. In a market that's becoming shorter of physical gold, this is the only way they can add equity to cover rollover positions. "FOA - The Gold Trail, Feb 23, 2000

So,"Players" create.... and large western investors buy these gold derivatives which, as they are fractionally backed by physical, dilutes the total - hence diluting the price over time. Physical - as bought by Sovereigns, CBs, Chinese, East Indians etc. and YOU (way last on that list - massive coin sales not withstanding, Mr. St. Angelo) increasing the fractionalization ratio. With a glut of paper gold available - where do you think the price will go? (remembering the paper price denominates the physical price... for now.) Down, Down, Down. But your gold savings will be unaffected - it just sits there being the world's best wealth asset... until it is revalued as such. It won't happen on anyone's preferred timeline - it will happen when it happens - be thankful you became aware on the right side of this knowledge.


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