Who is Stepan Demura - a financial guru or a self-righteous swindler?

As you know, history moves in a spiral. Musical performers who are almost forgotten are appearing on stage, remakes of once popular movies are being made - one can go on and on. The world of finance is no exception. Second breath has been given to Stepan Demura, a scandalously known trader and analyst. The number of views of "Stepan Demura on..." videos on YouTube is breaking all records. So Who is Stepan Demura - A financial guru or a self-righteous con man?

Stepan Demura - Financial Guru

Stepan Demura became widely known after he accurately enough predicted the U.S. mortgage crisis, which caused the 2008 financial meltdown, and even named the 500-point drop in the RTS index.

Demura is an adherent of Elliott wave theory and bases its forecasts on the dynamics of exchange instruments precisely on its principles.

Fans of Stepan Demura are impressed by his confidence in defending his point of view, which almost always runs counter to the opinion of most financial analysts. Demura's popularity is so enormous that poems are even written about him:

More important in the analysis
no figure,
That which is called
Stepan Demura!

It is worth noting that in his forecasts, Stepan Demura, indeed, always clearly argues his point of view and calls the specific timing and goals of the movement of exchange instruments.

Stepan Demura - a self-confident swindler?

The number of opponents of Stepan Demura probably corresponds to the number of admirers, and maybe even exceeds it. The main argument of Demura's opponents is that his forecasts very rarely come true. At the same time Demura is awarded colorful epithets - "rider of the Apocalypse," "guru of planetary scale" and others. In 2008 and 2009 Stepan Demura became the "winner" of the "Superstar of Gurustan" contest.

Demura predicted default in the U.S., and the dollar, as he understands it, is a piece of paper, unsecured. His phrase is widely known: "If I had a million dollars, I would buy gold for the whole million in small bars, ideally 10 grams each, in a year or two they would be very convenient to exchange for food!

In one of the television forecasts, Demura talks about the technical possibility of gold to reach a price of 32 thousand dollars per ounce by 2015.

During another broadcast, Demura promised to buy VTB shares if they fell to 2 kopecks. On February 25, 2009, the shares fell, but whether Demura bought them remains unknown.

Lately Stepan Demura has become interested in forecasting the prospects of the Russian economy, combining them with his view of political events. Forecasts and comments naturally sound in the traditionally radical manner typical of Demura, which only increases the number of both his adherents and opponents.

It is difficult to evaluate the figure of Stepan Demura, and the experts of ForTrader.org did not set themselves this goal. His forecasts may or may not be liked, but they are there, and there's no getting away from it. With the current spread of the Internet, everyone who is interested can independently read his predictions and answer the question Who is Stepan Demura?