Loading ...No, not me. James Dines newsletter writer. Book writer also. “Technical Analysis” “The Invisible Crash” and a few others. He proudly accepted the “Gold Bug” title. The invisible crash relates to the Dow from 1968 to 1982 that could not stay above 1,000 for 14 year. While everything else went up. So if you saw a Dow chart, adjusted for inflation, it wascrashing,1968 to ’82.
At that time June 1982 I got a mail gram at front door. He flashed the much vaunted all out gold and silver sell signal. MVAOGASSS. Predicted a decline in interest rates and commodities, and told everyone to plow into the Dow at 796. Every time for a decade, that the Dow got above 1000 he called it the Graveyard in the sky above 1000. Going to the 20,000 to 30,000 matches the average inflation rate of everything costing 20 to 30 times more than that era.
He also predicted in 1980 a deflation in wages due to growing use of foreign labor. He was right on all that. He spots new investment trends early but too late or too early to sell out. Lately he doesn’t sound the same, and I wonder if he has a helper writing the letter.