Part of the cycle for a commodity boom is typically preceded by a commodity depression in which the productive capacity is reduced. We are witnessing that in the agricultural sector. Additionally, extremely cold weather continues. Bankruptcies in the farming sector have been on the rise since 2014. These are the pre-staged events that are required to […]
QUESTION: Mr. Armstrong; You mentioned that your chart on wheat was back to 1259 excluding ancient data. Is it really possible to collect data on commodity prices in ancient times? Thank you GD ANSWER: Oh yes. We have commodity prices extending back even into Sumerian times. All sorts of legal contracts and invoices for trade were […]
QUESTION: Marty, at the Berlin cocktail party you said we may yet see gold sales from oil producing countries if oil breaks your yearly number of $35 for year end and gold closes below 1044 or so I think. You … →