There’s nothing quite as satisfying as watching a 3 day old interview in which CPM Group’s Jeffrey Christian predicted no QE and an imminent massive gold and silver crash on the day The Fed announced QE ∞, and gold and silver are set to challenge $1800 and $35 overnight.
When The Vampire Squid and the Morgue both advised their muppets (clients) over the weekend that QE3 is a done deal for this week many rightly took it as a contrarian sign that The Bernank will majorly disappoint Thursday.
We now have contrasting contrarian indicators however, as the CPM Group’s Jeffrey Christian was back on BNN today, claiming that there is zero chance the Fed will announce further ‘real’ easing until December at the earliest, that he expects gold to imminently crash to $1550.
Christian states he is advising clients to buy puts on gold and gold equities and SLV ahead of Thursday’s Fed announcement and states that silver has rallied 20% over the past month and a half ‘purely on speculative fluff‘.
So the question is who is the greater Contrarian indicator…the JP Morgan/ Goldman Sachs combination, or Jeffrey Charlatan…er…Christian?
Watch Christian’s full interview at BNN after the jump: