Posted Dec 15, 2013 by Martin Armstrong
QUESTION: Are not the bankers now preaching gold down?
ANSWER: Yes. This is what is necessary. At the lows, the MAJORITY will give up and then point to much lower lows. I wrote previously:
“At the low, everyone is bearish and shorts abound. That in turn is the fuel for the reversal to the upside. The classic short-cover out of the hole, So we need the majority of analysts to now turn bearish at last. They will begin to call for $600 gold soon. We need this type of bearishness to build in order for the low to take place.”
The more bearish the people get, the closer you get to the turn. But that turn will not come until 2014 at best.