Deutsche Bank sold off its gold storage facility in London as it continues to exit from the financial markets and contracts back to being a core bank. The gold vault was bought by the world’s largest bank in terms of … →
The goldbugs spun the tail that China was going to save them by making gold $50,000-$100,000 an ounce because money, in their minds, has to be tangible. However, China’s $3 trillion-plus in foreign currency reserves was the biggest stockpile in … →
QUESTION: Dear Mr Armstrong, Thank you EVER SO MUCH for everything that you do even for ordinary folks like me who are not traders but just want to have a good grasp of where to put their money. I have already … →
The Holiday Schedule is below. The closing for our models will be TODAY and for the most part this will be a full normal day. We are hovering around our year-end numbers in many markets from gold and the … →
Gold for year-end has a number 1044.50. If we close BELOW this next Wednesday on December 31st. This is a question of if we close above this does not provide a buy signal nor does it avoid a sell signal. … →
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 … →
QUESTION: Marty, thank you for the conference. I have made more than 10 times the seat price just on your top couple of trades. I see the world differently now for the first time. My question is on Gold. You … →
QUESTION: Mr. Armstrong, you have said that gold adjusted for inflation has not exceeded the 1980 high. Have we exceeded the 1929 high in the stock market? Just curious KW Dow Jones Industrial in LOG Scale ANSWER: The 1929 high … →
QUESTION: Why do you do not see that money must be backed by something tangible? ANSWER: That is an antiquated barter perspective; you are blind to reality. Your proposition is that only gold has value and you yourself are worthless. … →
