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finansakrobat

October 31, 2014

Peak Schiff-abuse

by finansakrobat


I'm not a trader. Every once in a while I put a trade on, but I have no clue what I'm on about. And this is not something I'm trading, I'm just putting it out there. 

It started with this excellent idea for a contrarian indicator, floated by the central banker of Twitter: 

@finansakrobat @ReformedBroker I no Schiff groupie. I just use the level of Schiff-abuse as one of my contrary indicators. It is rising.

— Rudolf E. Havenstein (@RudyHavenstein) October 30, 2014

And today, with the recent plunge in gold after BoJ announced another massive QE effort, I think we might be close to peak Schiff-abuse on Twitter. 

So the contrarian has become a contrarian indicator.

And with that Swiss vote coming up, some actual real life demand might come back in. So go long gold? It's currently trading at $1164. But if you actually do, don't bitch at me if you lose your house and/or shirt. I'm just bored, so I wrote this post. 

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