Poor Tokyo Rose

For those who have not followed the gold market and are new, you must discount anything "Tokyo Rose" says about the gold market.  Tokyo rose is Jon Nadler, Senior gold analyst at Kitco.com.  He has a daily commentary on gold that is prominently posted on Kitco's home page.  This man has been trashing gold and those who invest in it for many years.  He is an ego out of control and cannot face up to the fact that he is not in possession of the knowledge that he believes he is.  Fact is, his view of gold and its purpose is highly flawed, similar to those in the history who believed the earth was flat and the center of the universe.

When I first started to follow gold and silver, I sought to educate myself in order to develop my own realistic and accurate view of the market.  It is easy to adopt someone else's view, especially when they sound professional and portray themselves as experts.  This process of education took me into other areas besides the metals market, including technical analysis, macroeconomics, monetary science, history,  and political science.  Just when I think I have a most accurate picture, I find that I need to consider something else and it leads me in another direction.  This is the essence of discovery, where a researcher does not "wed" his theory or idea.  It requires a humble and inquisitive mind.

 Jon Nadler is all ego and of little functional mind.  I read his daily column at first and in short order I became confused.  His rantings were in direct opposition to what I was discovering about the market.  He was also in direct opposition to common sense.  I often questioned his apparent animosity towards "gold bugs" and why he spent so much valuable space denigrating them.  Then I realized it was two things, his critics have gotten inside his head and his ego can't handle it.  He simply cannot walk away or ignore them.  Second, he is projecting.  He his attacking other's "weaknesses and flaws" in an attempt to reconcile his own abysmal performance.  Projection is common in people that are emotionally fragile or mentally ill.  Jon is likely both.

At any rate, Peter Grandich is the counter to Tokyo Rose and his endless propaganda.  Grandich has been spot on in his analysis of gold and the mining industry from the very beginning back in 2000.  Grandich has offered substantial monetary bets to Nadler regarding price in time.  Grandich has offered to debate in a face to face venue.  Nadler has declined all invitations.  Nadler is a coward and a pretender.  Do not waste your time with his commentary.  It will only confuse you and ultimately piss you off.  

Tokyo Rose Lives In Another World

by Peter Grandich

While numerous people have far worse explanations, I’m going to just assume Tokyo Rose lives in another world and visits there when he’s asked for his gold opinion. I concluded that after hearing him claim in this interviewthat the new golds over the last several years have been weaker and weaker… I know you just said what the %&*@????????? Yes, any technician who has studied technical analysis for more than a day would tell you just the opposite, especially after gold broke out from a multi-year reverse head and shoulders pattern last year.
But you’ve to pity this man  – really. For almost a decade, he has been on the wrong side over and over again. Just the other day he said when asked about gold manipulation he did his usual tin-hat dance and said if there has been manipulation given the rise already in gold – bring on more. You could assume by those remarks he’ s suggesting that because gold has risen, there couldn’t possibly be any manipulation that actually prevented it from rising even more.

Poor Tokyo Rose. The poor guy would’ve you believe with his twist of words and arrogant sway that he somehow participated in that upside and welcomed more. We all know nothing could be further from the truth – but that has never stopped him in the past so why start now?
I believe this poor soul has gone where no man has gone before in search of a star far, far away where they don’t have any records of his dreadful track record. Despite knowing how much he dislikes Christianity, this Christian is hereby now announcing the “Tokyo Rose Relief Fund”. For every $100 gold rises, I’m pledging $1 to the fund. I fully expect Bill Murphy, Chris Powell, all GATA  followers and the numerous people who have profited against him in the past and will do so in the future, to step up and join my campaign.
We should be looking at least $8+ before this mother of all gold bull market peaks out. If all the people I know who have expressed how foolish he has been and is all but certain to get even worse as gold makes one new “weaker” high after another chip in, we should raise more than the sum total anyone could’ve made on all his forecasts up to now.

From now on, please address me as CEO, President, Chairman of the Board and keeper of all tin-foil hats of the Tokyo Rose Relief Fund. I fully expect one dollar from each of you when we go over $1,300.