muses of the moment

November 5, 2012

Latest Blog Post from Martin Armstrong dated November 4, 2012

Filed under: Gold and Silver Investing, Martin Armstrong, Precious metals — Tags: — totallygroovygirlfriday @ 11:55 am

Click here for the latest blog post from Martin Armstrong entitled Gold-What Now? dated November 4, 2012.


  1. I saw this when it came out yesterday. This is the type of analysis that Armstrong comes out with somethimes that just wants to make me scream! I think he unknowingly gives a tidbit of information thinking that anyone who reads it knows what the heck he is talking about. Sigh …

    Comment by MikePhila — November 5, 2012 @ 3:52 pm

  2. I’m in the same boat after years of reading him. Maybe its a teaser to buy his analysis and get the real deal. Dunno. Ok, I’m not a trader so maybe that goes against me. One guy (who is a trader) said that Martin is right 50 times out of 100. Don’t know if Groovygirl can verify that having subscribed to Martins analysis.

    Comment by Riku — November 6, 2012 @ 2:43 am

  3. Agree with you both. I know that there are some who can translate Marty Armstrong, but I’m not one of them.

    Comment by benmark — November 8, 2012 @ 1:43 am

  4. MA has said that he does not think the gold is ready to run to the upside. It still is trading within the 2011 range of prices.

    Why traders are so hard to understand is because, while they generally follow their trading rules when trading (or they will soon lose their money), they still have emotions which must be expressed to relieve pressure. Much time, emotions and correct trading are 180 degrees from each other. It causes friction within the trader.

    I am wondering what he meant by “Japan.” Does he mean the currency? The economy of Japan? Political vector? He said some time ago that the currency was in a long-term uptrend. I have not seen anymore about that.

    MA “feels” he can make a difference, but his methods do not allow for such input. The machine takes out emotion, which is desirable.

    Remember, markets like to go sideways more than they like to be running. They run hard for a time, then rest (like the gold is doing). Always keep in mind that one possibility is that gold has topped out in price for the next 30-40 years or so. As a trader, you would have to consider that and attach probabilities to the thought. Not saying it is, just saying traders try to see both sides. MA says it is eventually going higher after this pause (that has been going on for over a year).

    Wave analysts call MA’s “phase transition” a 5th wave (or whatever wave count they’ve got) to a high. Others call it a “blow off top.” Still others an “exhaustion move.” Or many other names. Each one will tell you that his method is not like the others but they are more similar in practice than not.


    Comment by icd — November 8, 2012 @ 4:14 pm

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