All posts in "Gold"

Will They Confiscate Gold Again?

February 18, 2016

QUESTION: Hello Marty, Is it your belief that they will (again) try to confiscate gold bullion coins when the going gets rough? If so, is there an alternative that you would recommend? Many thanks for you great work. k ANSWER:I do not believe they will confiscate gold for there is no intention to return to a […]

Market Update — February 17, 2016

February 18, 2016

  The U.S. stock market closed more than 1.5% up on Wednesday after posting a three-day gain that was helped by some recovery in oil prices and encouraging economic data. We now need to move higher beyond a three-day rally to suggest this is more than a reaction. The markets are clearly shifting. Gold managed […]

Bitcoin Reality

February 17, 2016

QUESTION: Mr. Armstrong : Since you have deep knowledge about coins and currencies going back to ancient times, it would be really helpful to get your view of what Bitcoin is or could be as a sort of “World Currency”. Is it a fad or something that should be taken seriously? Thank you – BH ANSWER: No, […]

Gold: What Now? February 16, 2016

February 17, 2016

QUESTION:  Hello Martin Today it seemed as if you posted a basically bearish Euro call and a temporary bullish Gold call. I understand that a crisis in the Euro could get people to buy gold but in the long term if the Euro falls to 80 Cents, Gold in Dollar terms would drop to the […]

Market Talk — February 16, 2016

February 16, 2016

Despite weaker than expected Chinese Trade Balance stocks actually performed well on the back of PBOC rhetoric concerning the currency, taking it to its strongest level against the USD in almost a year (6.4935). It has however, weakened since China close and the off-shore was last seen in NY at 6.5200. Shanghai closed +3.3%, Hang […]

Euro Near Collapse?

February 16, 2016

The euro continues its fall and the likelihood of reaching 116 is starting to dwindle. Even the British Telegraph has come out and stated that the bail-in plan for government bonds in Europe risks destroying the entire euro system. We have to understand that those in power are clueless. All they do is try to […]

Gold Update: February 16, 2016

February 16, 2016

Gold fell back to 1191 and then rallied back to the 1216 area. Gold appears to be setting up to extend the counter-trend reaction into the first week of March. With back-to-back Directional Changes for the weeks of 02/08 and 02/15, the typical outcome is one of a choppy trend. Last week we got the […]

Draghi Lied; Claims the ECB Is Withdrawing the €500 Note for Crime and Not Taxes

February 16, 2016

Mario Draghi has claimed that the European Central Bank would withdraw its €500 highest-denomination banknote only to combat crime— not to curb the use of paper money — but you really cannot expect him to tell the truth. If he really told the truth, he would set off a panic withdraw from banks. The USA use to print […]

Filtering the Reversals – What Level to Use

February 16, 2016

QUESTION: Mr. Armstrong, First of all, thank you for all you do.  These are crazy times and so many of us would like to thank you for your guidance through these volatile times. The question I have and I’m sure others do as well is in regards to the election of the reversals.  I was an […]

Market Talk February 15, 2016

February 15, 2016

Today’s rally in the Nikkei must have been a huge breath of fresh air for the BOJ (Bank of Japan). After opening 2% firmer the market went from strength to strength with good volume it eventually closed +7.1% on the day. Banks regained some of their losses from last week with SMFG, Mitsui, Mitsubishi UFJ […]

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