QUESTION: Marty; You always said that gold would rise with the dollar when the time was right. It is interesting to watch this unfold with the crisis in Europe. Is the time at last right? Thanks BD ANSWER: The unraveling of Europe has begun, but the crazy period still lies ahead. We have the French […]
QUESTION: Hi Marty, Will future rate hikes from the Fed cause banks to move more money out of the Fed and into the commercial banking system, creating inflation? Thanks Jack ANSWER: No. Future inflation will not be demand driven, but asset driven. Retail participation, both in the States and from Europe, in the US share […]
COMMENT: Soros has been long gold and sold all his stocks. He made a fortune. REPLY: No professional trader tells people what he will do in advance. Those announcements were made AFTER Soros took a position. I believe they were stories to create his exit. You get people rushing in who think they are joining […]
As we expected weekend headlines would dictate Monday’s trading and that is exactly what we have seen. The GBP continues to fall spreading uncertainty and confusion around the globe. In the UK the opposition party (Labour Party – known as the Shadow cabinet) saw ten members resign on Sunday and an additional nine members resign […]
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 […]
