OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Best Gold Forecaster

Posted by Mr.Copper @ 13:19 on July 23, 2015  

Years ago, I spoke on phone to a refiner in Ca. Simply to ask him, what’s the difference between a refiner and an smelter? He was on his way to work, a nice friendly guy. After talking a while re the gold market, he was very confident, told be….

“Go short, buy short contracts 6 months out”. I thought he was wrong at the time but he turned out to be the most accurate “forecaster” out there, maybe because he is actually where the rubber meets the road.

Thankfully, I SAVED his website link, and called him yesterday, refreshed him about my phone call few years ago, he remembered me.

Real friendly open guy. Even gave me his personal e-mail address, and told me to keep in touch. He loves talking about the markets. Says his brother-in-law works for Kitco.

Told me what happened. China sold 5 tons one day and 5 tons the next day, and plans are to sell 5-10 more tons. We may see $1000 and then bullish from there, something about their currency or plans. He is still getting good info, he’s been shorting gold with contracts, even the other day, and doing well.

Re general stocks he loaded up on MBLY, @ 49.50 $60.59 now, told me to buy it he LOVES it. Related to software that they use for cars with no drivers. Last time I spoke to him he was driving a Benz convertible. Now I think he said Acura, that might have those automatic features. He talks fast, and a little hard to understand it all on cell phones.

Lets also keep in mind re China, their market has crashed, and naturally margin calls probably forced many players to cash out of their gold. Note also, the Yuan and dollar and gold, ALL THREE, are PEGGED, tightly. When we have a 5% or 10% drop in gold, so do they.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.