muses of the moment

September 26, 2011

Update on Martin’s forecast for gold

Filed under: Economic Confidence Model Cycle, Gold and Silver Investing, Martin Armstrong, Precious metals — totallygroovygirlfriday @ 12:28 pm

A few weeks ago, Martin published a computer model forecast for gold. Here is a very short summary:

A daily close below $1730 will signal a decline ahead. A weekly closing below $1605 means a correction is underway. A yearly closing this year above $1405 will mean the gold bull market could continue into next year.

We broke the daily signal, so we have experienced a continued decline on a daily basis. Last week, gold closed at $1640, so still above the $1605 that would turn gold bearish on a weekly basis.

Tuesday is option expiration day. So, let’s see how the week and month ends for gold and silver. Shanghai raised the margin for silver over the weekend, this could be causing the decline in silver.

Do not be shaken by the ups and downs in gold/silver. Hold physical gold and silver long-term. Declines are more buying opportunities as the paper gold shorts try to cover their asses from that run away to $1900 we just experienced.

Martin Armstrong’s Training Seminar

Filed under: Martin Armstrong — Tags: — totallygroovygirlfriday @ 12:05 pm

Mr. Armstrong is conducting a training seminar on December 3-4, 2011. Click here for the details.

Latest Release from Martin Armstrong dated September 23, 2011

Filed under: Economic Confidence Model Cycle, Martin Armstrong, Odds 'n ends, The Federal Reserve — Tags: — totallygroovygirlfriday @ 12:03 pm

Click here for Martin Armstrong’s latest release entitled Political Inaction dated September 23, 2011 (3 pages). Martin talks about Operation Twist and the waiting game for the Greek default. Mr. Armstrong also has a training seminar coming up in December.

Latest Release from Martin Armstrong dated September 25, 2011

Filed under: Economic Confidence Model Cycle, Martin Armstrong — Tags: — totallygroovygirlfriday @ 11:28 am

Click here for Martin Armstrong’s latest release entitled The Immediate Outlook dated September 25, 2011 (10 pages). Groovygirl is having trouble opening this pdf file. She will check other sources and see if she can find a better link. Try this link.

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