While there is a stubborn persistence in the broad and hopeful global rally in rejecting the message of the precious metals and the Gold-Silver Ratio, things will be sorted out soon enough if the historical view that #119 takes a look at is a useful guide.
I feel that NFTRH119 is the best letter I have ever written. Not sure if that is just my perception or something approaching reality. It is written by an analyst sporting negative 2011 performance and a somewhat frustrated mindset. But it also seeks to dissect the dynamics in play and intelligently interpret them. I think it does that pretty well.
NFTRH119 out now. Enjoy the remainder of your weekend... and GO PATS! http://www.biiwii.blogspot.com
Edit (11:52) And typical of the human condition, you think you did well and a voice of reason chimes in and recalibrates your hubris. Subscriber 'Jeff', a long time Wall Street veteran who lived through the last precious metals bull and inflation hysteria in the 70's, initiates this email thread. FWIW, I agree with him although I purposely let some emotion that I was feeling get into the letter but tried like hell to more than balance it out with cold analysis.
Edit (1/17 @ 11:09) Okay, I just re-read 119 for the first time and I will go back to my first instinct. I think it is the, or among the best I have written. Sorry, but that is how I feel about it. Any hyperbole is intentional and metaphorical. A couple expressions of human emotion are purposeful and in my opinion, not damaging to the message. Rather, at least in my read, they blend with it.
Was it Shakespeare who wrote "thou protest too much"?
Far too much of your letter focused on Bernanke and his motives, far too much on conspiracy, far too much on real and contrived Machiavellian assorted conspiracies. It was, for me, a little too many blue pills. While you busily kept attempting to dismiss the "contrived climate", you kept right on painting assorted pictures. Your anger at it kept coming through
I remember an exchange we had a few years ago: you don't know Bernanke's motives, any more than I do. But if you over speculate about it....or over dramatize, you dilute your good work. The message gets lost.
Your technical approach is excellent. Creative, insightful, and unique. Unfortunately, your political commentary isn't. Yes, I know it's your letter, and you are free to write as you see fit. But I do think you take great pride in your work, and do not shy away from helpful critique. It is something we all benefit from occasionally.
I am not going to pretend to be a robot. Sometimes this is what comes through. But my best effort was made to keep the analysis on an unbiased path. Do me a favor and read again.
As a human, I have conflicts and contradictions just like anyone else. Funny, I thought it was one of my best letters.
I am going to put your critique on the blog, if you don't mind.
That is precisely my point. It was a very powerful letter. One of your best. BUT, it was diminished nevertheless by the Bernanke/conspiracy/etc. stuff. That's all I'm saying.
It's a fine line we all walk in life. I always found it helpful when others helped me along the path