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TWITTER AND GOLD. MY 2014 FORECASTS BECOME REALITY.


Most often, I am not one to brag, but because there are too many hustlers, scam artists and shills out there distorting reality, staging their Bizarro Theater plays, cajoling the innocent with their blather about gold and Twitter, I have decided to share this with you.

Here, here is a nutshell is what I wrote about in my forecasts:

  1. There are no drivers for gold, none.
  2. Twitter has horrible business design — expenses outpace revenues by a wide margin.
In current dollars, Twitter is down -59.8% from the December 26, 2013, peak of $73.31. The annualized loss on Twitter is -43.3%.

Many might not believe so, but likely, Twitter is a fad that has passed. Those 15-24 have taken up Line, KIK, Viber, Whatsapp, Snapchat and Instagram.

Read the forecasts from 2014:

Gold



Twitter

Because I know the true price of things, that is, the price of things in True Dollars™, I can see pricing relationship among things that many others cannot. In short, they are truly clueless and if you believe them, you are letting them lead you into the deepest caves without any flashlights or torches.

Soon, you can gain access to all my real-time charts priced in True Dollars™.

So what is the bottom line? Americans are living in the Greatest Depression. Credit continues to fall. Law givers in the USA demonetized gold last century. For all practical purposes, money — coined metal by weight and fineness — has not been used for more than a century.

Unless anyone believes in worldwide collapse, gold will be what it is, a rarer metal with industrial and commercial purposes only.

Some of the most popular blogger and YouTube personalities tied to the speculating business with the word Pacific in their business names shill for gold. Their incomes are tied to brokering gold, mostly selling it. And only one of those personalities actually has a background in finance.

So once again ...