All posts in " Gold "
IMF & Gold Reserves
August 10, 2016QUESTION: Mr. Armstrong; People are adamant that there is a move to return to the gold standard. They claim various scenarios. Is there any such plot by the IMF and it seems strange that the ECB gold reserves are minimal. Can you explain the truth in this matter? Thank you GS ANSWER: The IMF has […]
Europe Begins to Rebel Against Austerity
August 9, 2016COMMENT: Mr. Armstrong; I attended the Berlin Conference. I have to say that you have done an excellent job of laying everything out from the rally in the euro back to 116 to the rally in gold and its failure to get past 1362 not to mention Brexit and the breakout in the Dow. You […]
Slingshot v Phase Transition
August 7, 2016QUESTION: You’ve just mentioned there remains a chance for gold to perform a slingshot move downward and then up in January. Does it still appear the Dow will slingshot (make a new low) also even though it has recently broken to new highs? S ANSWER: We achieved the slingshot in the S&P and the NASDAQ, and I have previously […]
You Are Your Own Worst Enemy
August 6, 2016COMMENT: Marty; I watched the monthly numbers you gave for the close of July. The stock market gave a buy signal and gold failed again to close above your buy signal. I have to say, this is really amazing. Your reversals put it very black and white. If you ignore the human second guessing, it is […]
Market Talk – August 5th, 2016
August 5, 2016With the exception of the Hang Seng (+1.4%) it was a relatively quiet day in Asia having digested the BOE move and anticipation of US NFP’s data and ahead of the weekend. Late in US trading futures have responded to the global stock rally (as a result of the US numbers) and are currently trading […]
The USA is in its Death Throes
August 4, 2016Obama is reviewing the ban on military weapons for police forces after multiple instances of deliberate attacks on police officers. Instead of prosecuting the bad police officers, they are preparing to dig their heels in and arm the police to escalate the confrontation between the people and the police. This, unfortunately, is also how Rome ended. […]
Market Talk – August 3, 2016
August 3, 2016Japan remains unloved opening down 1% and then drifting even lower as exporters led the way. The JPY has seen the safety bid for the majority of the week whilst the Nikkei has lost around 4% so far. Finally we saw a little support return for JGB’s since the news but then they have seen yields rising (or I […]
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