Tuesday , 6 December 2016


Retraction: Armstrong Says Gold Has NOT Bottomed

What Mr. Armstrong writes in his articles is done so poorly it is almost always confusing and often virtually incomprehensible but it has a way of providing cover for what he says. A case in point is the inference in an article last week that gold had bottomed, would begin to rise substantially sometime after Oct. 1st and eventually reach $5,000+ sometime during 2016. His latest article disclaims those inferences and, as such, I stand corrected. Here’s what he now says:

The above inferences were made in an article* posted on munKNEE.com under the title Martin Armstrong: Gold Has Bottomed – Going To $5,000+ In 2016. Mr. Armstrong refutes those inferences in an article** entitled Gold Has NOT Bottomed Yet as follows:

1. Gold has not bottomed as of yet for it must line up with everything else. The sell signal at the end of July was yet another confirmation that new lows still lie ahead. Those targets for the low in gold are in the International Precious Metals Report that warns of the final decline.

2. We are NOT looking for the low in gold to be on October 1 either. If that materialized, it would be extremely profound. However, the more likely event will be the rush to cash completing the final Flight to Quality.

3. How high gold will rise from a major low depends upon the entire political landscape but more importantly, the technical projections and the Reversals generated from that low.

*http://www.munknee.com/martin-armstrong-gold-has-bottomed-going-to-5000-in-2016/ **http://www.armstrongeconomics.com/archives/35556

Related Articles from the munKNEE Vault:

1. Martin Armstrong: Gold is NOT Ready for Prime Time – Yet! Here’s Why

Martin Armstrong provides a remarkable explanation of what is going on right now with the U.S. dollar, bond yields and the current price of gold. It would be well worth your time to read and reflect on what he has to say.

2. Martin Armstrong’s Latest Ramblings Are As Confusing & Arrogant As Ever! Here’s An Interpretation & Critique

I read Martin Armstrong because he has influence, but his writing style stinks and it is always confusing – difficult to follow and understand – and I think deliberately so. Below is an interpretation – and critique – of his latest rambling economic and political insights and manner of presentation.

3. Martin Armstrong: There Will Be NO Return to the Gold Standard Without Serious Unrest & Collapse – Here’s Why

There are those who keep insisting that there be a return to the gold standard without serious unrest and collapse. What they do not realize is that such propositions are really a call to arms. Government will not return to a gold standard because it would be a loss of power and overturn the very nature of how our republics (not real democracies) actually function….Words: 308

4. Martin Armstrong on Capital/Currency Controls: Trying to Do Business Internationally for Americans Becoming a Real Nightmare

“Trying to do business internationally for Americans is becoming a real nightmare. The once land of the free & home of the brave has been transformed into George Orwell’s 1984 nightmare squared….The damage to international capital flows is off the charts. This single law has wiped out whatever international trade advantages Americans once enjoyed.” ~ Martin Armstrong Words: 692

5. Martin Armstrong Clearly Explains Why the USD is Strong and Gold Weak in This Terrible Economic Environment

Understanding what we are facing right now is critical to our survival…. [and to do so] we must embrace a global correlation approach to comprehend the true global implication of how capital moves. [Martin Armstrong provides a remarkable explanation of what is going on right now with the U.S. dollar, bond yields and the current price of gold. It would be well worth your time to read and reflect on what he has to say.] Words: 822

6. Gold: 42 Specific Peak Price Predictions

Over the years only 42 pundits have been bold enough to provide a specific date as to when their forecast for the future price of gold (and silver, in some cases) would be realized. This article provides that information along with the criteria & rationale for their determinations.

 

2 comments

  1. Mr. Editor:

    I saw your post on stockhouse claiming Martin Armstrong said gold has bottomed so I forwarded it him and he put this out:

    “Gold Has NOT Bottomed Yet”

    http://www.armstrongeconomics.com/archives/35556

    • You should state, I stand corrected? And not attribute this to M. Armstrong.
      Obviously you did not pay for US$ 400 for this “International Gold Report for 2014.
      Your arrogance of not correctly stating what is in the report speaks volumes.
      Besides, why would he make his research widely disseminated without being paid?
      Hmmn.