Precious metals "Expert" Don harrold calls the "top" in silver at $21 lol

[agsilverbear]

[Viper_99]

At the time silver did not take a dip but went straight to $48. Bad call, this is exactly what BJF's last video was about. It is easy to lose your position by trying to take profits. I'm not a trader, I'm a stacker.

[silversaver]

This sounds like a old video from a person who likes to talk without thinking.

[harbl_the_cat]

He was technically right - silver DID pull back to the up trend he pointed out - it just never pulled back to the price at which he sold, and I suspect it probably never will, or if it does, it will be very difficult to pick up any.

Him having bought at $8 and sold at $21 I'd say was a pretty good call, even though selling at $26-50 would have been a much better call. Looking at the charts, there was no really way from him to know at the time silver would go up to $50 and stay above $26 for pretty much 2 years.

He SHOULD have kept the video up because at the time, it was a good call to make, but it would only have reenforced the fact that when you're investing in silver, the charts cannot be trusted.

I suspect he's not one who buys silver based on fundamental analysis, but purely on what the chart is saying. I also suspect he can't accept the fact that the charts were lying to him and that many stackers who take the charts with a cube of salt didn't get shaken out early like he did.

What's interesting is I think Don is a weak hand who got shaken out early and many of us who got in late in the game are much stronger hands who buy on principle - not just on fundamentals or technicals. The principle that silver IS money.

I think good ole Don is scared, possibly so much so that he is in denial - and that he is a good indicator test of how non-silver buying community will react when the realization is made that silver is money and fiat is an abomination.

I think he's happy to laugh and mock when silver pulls back or doesn't perform, because to him, silver isn't money - it's just an instrument to trade, and an instrument that handed him his posterior in a basket. I don't think Don is a masochist like the rest of us though, because it's handed the same basket to most people who've been stacking for more than 6 months. Rather than denying making a bad call, I think those of us who stack on principle have MUCH thicker skin than him and rather than turn and run (like he expects, and I believe deep down desperately wants) we instead double down and stack some more. I think that frightens him, because he doesn't believe the end to the fiat machine is coming to an end, and the more of us who are willing to stand up against it (which is EXACTLY what you do when you stack) the more he is proven to be wrong.

[harbl_the_cat]

One thing to note, in Don's video trolling Mike Maloney he said he wants to buy when a big name in the silver community comes out and reverse their position, claiming silver is NOT money and they were wrong all along about it.

On the contrary, I think the time to SELL silver is when a guy like Don comes out and admits that silver is money and he was wrong all along thinking it was a commodity to be traded like any other.

Hopefully John and everypony else is willing to point out when he does that, because I don't want to miss the opportunity to sell

[II DALTON II]

I remember being very tempted to sell at that range because it did look very toppy. It was a 50/50 decision at the time and luckily I went with my gut and held on. Made my last bulk purchase at $26 and have never looked back. I remember all the people that "disappeared" in the months after.