Dec 5, 2011
David A. Banister of www.ActiveTradingPartners.com and www.TheMarketTrendForecast.com joins us for a lively discussion on why gold and silver are now as low as they're ever going to be, and why it's a good time to buy--for many reasons. David is a student of history and understands that while bubbles come and go, the market is the market. One of his favorite titles is Extraordinary Popular Delusions and the Madness of Crowds, first written by Chalres Mckay in 1841.
David uses a number of different technical analytical methods, but they are all firmly grounded in fundamental reality. Most importantly, David has called virtually all of the major market trend points during gold's lengthy bull market. He's calling for $2300 gold very shortly, which has the main stream financial outlets in a frenzy.
We discuss the new meme on the mainstream financial media outlets, which is the so-called Risk Trade. As someone who's been in the markets for many years, there's no such thing as a trade that doesn't come with some measure of risk. Right now, there are people who consider being invested in cash and bonds as among the riskiest trades out there.
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