PM’s have some of the best moron advisers in any market. I’m sure they mean well but must make more money on their writings than on pm’s.
Alisdair MacLeod – is a prime candidate, he’s out with an article today saying that the new Basel III rules will require the LBMA banks to back their positions with phyzz. That will never happen.
Jim Sinclair – love the guy but this isn’t the 70’s early 80’s. There’s a reason we haven’t heard from him in awhile – fundamentals don’t matter.
Doug Casey – not only is he wrong, he’s an arrogant dick.
There’s a slew of others but too numerous to list.