QUESTION: Mr. Armstrong, your opening number for gold was 1199.50. Since it opened above and has rallied, is there a point above where it now must exceed to resume an uptrend? Thanks for being there for free even KW ANSWER: Yes. That number is 1237.00-1238.50. If we can close above that area then gold is […]
This time is was Shanghai that bucked the trend after ending the day up +1.1% whilst the Nikkei and Hang Seng closed 1% lower. All core indices moved in a 3%+ range, which is only to be expected these days. Late in the US trading day, we are seeing Asian futures following the strong pattern of […]
Real Estate is in crash mode. London and Hong Kong look the worst after both were off 15%+ in the first month of the turn from September 30, 2015. The Miami market has been flooded with money from South America whereas New York has been the target for Asia and Europe. The U.S. market is […]
QUESTION: Mr. Armstrong, since the S&P did break last year’s low, does that qualify for a slingshot if the Dow does not? Thank You for all you do GW ANSWER: We do not have to make a new low in the Dow. The S&P 500 penetrating last year’s low was sufficient. We are approaching our […]
As of January 31, Hillary has raised $163.5 million, which is more than any of the other presidential candidates. The question that comes to mind is why would the big banks back Hillary when she pretends to be willing to curb their abuse? The answer lies in what she said at her Goldman Sachs speeches. […]
Governments everywhere are going broke. Despite what people think, gold may yet make new record lows under $1,000 in the months ahead. Canada has sold off a piece of its gold reserve into this rally. There is NO intention of returning to a gold standard. They are moving fully electronic and intend to eliminate cash everywhere. […]
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 […]
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 […]
The euro crisis appears to be unfolding right on target rather amazingly. Our target was published in “The Rise and Fall of the Euro” back in 2011. The target for the collapse in confidence was 2016.202. This comes into play March 13/14, 2016. It is rather amazing that we can target a specific event within time, years […]
Larry Summers, the father of NEGATIVE INTEREST RATES, is so against a free society and looks upon us as dumb cattle to be herded and corralled for his pleasure. His ideas are just beyond belief. Now Mr. Pro-Government-Anti-Democracy is advocating killing the $100 bill. He is moving to electronic money so that government can get all […]
