QUESTION: Marty; I have been reading your blog on gold and get all your reports. One things that I have notices was this 1206 number. Back in 2013, it was important back then. Here it showed up again in 2015. This seems to be an amazing number. Can you explain why. ANSWER: This is yet […]
Interesting price action – it is the UK that is leaving Europe and yet we saw the DAX fall 6.8%, CAC -8.35% and IBEX down 12.35% whilst FTSE declined just 2.8%! Bank share were hit everywhere with some of the large institutions (Deutsche Bank, Barclays and RBS) falling between 14 and 18%. The afternoon behaved […]
https://www.armstrongeconomics.com/wp-content/uploads/2016/06/MAA-Socrates.mp4 COMMENT #1: Marty, Socrates just beat every polling organization out there. The bank I work at conducted its own poll and said remain has it. Gold fell and bounced off of 1206 you said was the line in the sand and screamed up and bounced off the monthly bullish reversal which was your line […]
As we witness the biggest fall in GBP in over 32 years, UK bank stocks are declining anything from 5% (HSBC) to 25% (Lloyds). Gold rallied and there was a flight to safety within the government bond markets. The UK population awoke this morning in the confidence that democracy has prevailed. In Boris Johnson’s comments […]
BREXIT now up 516,302 Gold is rising with resistance at 1362, support in sterling lies at 12900, and resistance in silver 1850.
Our numbers today are 1259.30 in gold nearest futures, 1.4830 in the cash pound, and 18018 in the DOW. Gold has crashed the testing the key support again, and the Dow rallied but also failed to breach the key resistance. As with all this, the markets have pushed to extremes. Our model shows it really […]
All we have been hearing are claims that if China sends the dollar flooding back to America, the dollar will become worthless and hundreds of businesses will go broke overnight. The gold promoters put out such wild claims and have no idea what they are saying or the type of world that would unfold. It is […]
Our models have been targeting 2018 for the last 30 years as the first potential year for a monetary crisis and reform. There was a shot that we could have doubled the Dow and everything would have bottomed on the first potential, such as gold in 2013 to 2014, and then turn up into that […]
The majority of the volatility within Asia appears to be concentrated within the Nikkei and the JPY. The Nikkei opened around 1% lower as the currency gapped to the 103 handle, but by the afternoon session it recovered as JPY retraced. Shanghai really could not provide any guidance as that market continues to drift lower. […]
The weekend BREXIT poll shaped markets as soon as Asia opened today. The GBP bounced 1% from the open while global equity markets followed with DAX, CAC, Nikkei, Shanghai all over 2% better than the Friday close. Treasuries and Gold saw profit-taking as we saw a 1% decline from the opening bell. Japan did release Im/Export […]
