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Message: Nadler the Basher

Nadler the Basher

posted on Aug 19, 2008 10:12AM

A fair list Jabojaw. It would be hard for many investors not to think the bull was over when you have noted gold analysts (supposed analysts) like Kitco's Nadler writing daily columns about how the bull is over. Ironically, if you read his columns, he fits the criteria for a basher.

1. He uses name calling to degrade other bullish gold analysts such as perma-bulls or televangelists. Somewhat childish behavior for a supposed professional.

2. He uses over simplified technical charts to make a case against technical analysts. Usually he uses just a very simple price chart not even something as basic as a MACD or Stochastic involved. He doesn't even use moving averages. I'd love to see him go head to head with Frank Barbera. How about a cage match, John?

3. He jumps on any bad day to make his case and pump about how he was right all along. However, I can certify that he's been bearish on gold since it was in the $300's. He said it wouldn't go above 400, then 500 and then 600. Then he just kept on calling for it to tumble.

4. He misquotes other analysts or takes their statements out of context to reaffirm his own weak argument.

5. He discounts all good news or upward price movements as technical bounces or better yet, profit taking from dollar bulls. Only downward price moves matter to big John.

6. John is almost anonymous. He can't be reached for rebuttal. If you try emailing Kitco, they simply state that his opinion is not necessarily theirs.

7. He talks with a funny accent like all bashers do :)

I recently had a conversation with a well known, real analyst who said he has absolutely no respect in the industry. They do not consider him an analyst. I suspect he posts to bullboards under the name Foolsgold or ORE_NOT or something like that. Perhaps he went short in 2002 and never covered?

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Aug 19, 2008 12:49PM
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