Thank You All For The Last Fourteen Years on SA - It Was An Adventure
I started this journey about 14 years ago when I published my first article on Seeking Alpha. And, not long thereafter, I published my first analysis article publicly, wherein I outlined my expectation for a top in gold at $1,915 even though it was involved in a parabolic rally.
Well, needless to say, that gold article was not viewed favorably by Seeking Alpha readers at the time. In fact, I was summarily told in the comments section that I knew nothing about the gold or financial markets.
Yet, one brave commenter asked me where I foresee gold heading if it does top at my expected target. And, when I answered that I expected it could drop back to the $1,000 region he responded by chiming in as the others and telling me I know nothing about the gold or financial markets.
Well, we all now know that gold topped within $5 of my target and then proceeded to drop down to $1,050, where we actually called the bottom the night it struck that target.
Now, after doing this for 14 years on Seeking Alpha, those that have followed us closely through the years know that, while we have not been perfect, we have certainly caught significantly more turns in the markets we track than anyone else over that time frame.
As just some of the top examples that our money manager clients have noted:
- July 2011: Called for a rally in DXY from 73 with a target of 103.53 while the Fed was pumping QE into the market and everyone was expecting a dollar crash. Market rallied initially to a high of 103.82 before a multi-year pullback, as we expected.
- August 2011: Called for a top in gold at $1,915 while gold was going through a parabolic rally. Also called for a downside target of the $1,000 region before it even topped. Gold topped within $6 of our target.
- September 2015: Rolled out the EWT Mining Stock service, and started suggesting buys on stocks like Barrick Gold (at $7) and Newmont Mining (at $16).
- December 2015: Called for a major bottom in gold the night we struck the bottom, despite the market turning extremely bearish at the time and expecting a breakdown below $1,000.
- December 2015: Called for a market top in the 2100SPX region, to be followed by a pullback towards 1800, and followed by a "global melt-up" to at least 2600SPX "no matter who gets elected" in 2016. Market bottomed at 1810, and began a strong rally to 2872.
- November 2018: Called for a bottom in TLT in the 112/113 region, with the expectation of a larger rally to follow. TLT bottomed at 111.90, and rallied to 179.70, despite the Fed still strongly raising rates at the time it bottomed.
- November/December 2019: Called for a 30% correction to begin in the first quarter of 2020. We began the Covid Crash in February of 2020.
- March 2020: Called for a major market bottom at 2200SPX, with an expectation of a rally to at least 4000SPX, with potential to go to 6000SPX. Market bottomed within 13 points of our target.
- April 2022: Suggested to cash in most of our NEM positions (bought in 2015 at $16) in the $84/85 region. NEM topped at 86.37 and proceeded to drop 57% immediately thereafter.
- October 2022: Called for a bottom to the SPX in the 3500SPX region on the day that a much worse-than-expected CPI report was published, with an expectation that we will rally to 4300+, with further potential of 6000SPX.
Clearly, there were many, many more than this, but this is what they have generally considered our top 10 due to the significant contrarian nature of these calls.
But, my journey on Seeking Alpha is now coming to a conclusion. So, I wanted to thank all of our readers and almost 80,000 followers for putting your faith in our work over these last 14 years. It was a pleasure to provide the best guidance I knew how during that time.
And, while many of you may have viewed my responses as being combative in the comment section, my only goal over these last 14 years was to force you out of your comfort zone, as I challenged you to look at the market from a different - and often more profitable - perspective.
The fact that my client base has grown to almost 9000 subscribers, with approximately 1000 of them being money managers, along with our main service ranking 3rd on a fundamental analysis website tells me that I have been rather successful in my endeavors.
In fact, the one thing that has kept me going strong throughout these last 14 years on Seeking Alpha is how many "converts" I have seen - including within the author ranks - with the comments I most often hear from my clients being "I wish I had joined you sooner" and "thank you for changing my life."
So, while I am sad to leave the Seeking Alpha platform, I will still continue in my endeavors to guide my subscribers on my platform outside of Seeking Alpha for as long as they place their trust in our work.
It has been an exceptionally rewarding journey, and I want to leave by thanking you all for the trust you have placed in our work for well over a decade.
Yours truly and thankfully,
Avi Gilburt