Posted Dec 4, 2013 by Martin Armstrong
The bearish analysis in gold is building. This is good and very predictable. Gold has been the perfect hedge against making money. All the hate mail I have gotten since 2011 and the pretend analysis radio shows that only tout gold and refused to cover my views are revealing just how untrustworthy they have become. This is all about supporting a losing trade finding every excuse under the sun as to why they are really right. At the end of the day, gold will decline to new lows into 2014 for this move and they you will have convinced the majority of people you just sell gold and that is the guaranteed trade.
This is what we need. The rising tide of bearishness. I have said you have to shake the tree and get them out of there. Once that happens, then and only then can gold set itself up for a reversal of fortune.