muses of the moment

February 24, 2013

Martin Armstrong’s blog post dated February 21, 2013

Filed under: Gold and Silver Investing, Precious metals — Tags: — totallygroovygirlfriday @ 3:17 pm

Click here if you didn’t already see this one on his latest gold chart. Other interesting blog posts the last few days at Martin’s site.

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5 Comments »

  1. Andrew Maguire on King World News. Andrew explains what’s been going on behind the scenes in the gold market.
    “The Comex is not a delivery market, it’s actually no more than a casino.”
    “Gold is the anti-dollar. Gold is the global anti-fiat currency. If you are buying gold you are shorting the dollar.”

    http://kingworldnews.com/kingworldnews/Broadcast/Entries/2013/2/24_Andrew_Maguire.html

    Comment by sw — February 24, 2013 @ 10:58 pm

  2. gg,

    Martin Armstrong does not expect a breakout in gold until after 2015.75. Jim Sinclair expects one very soon –

    http://www.jsmineset.com/2013/02/27/you-want-dates-for-the-end-of-this-reaction/

    “The earliest date of the end of the decline is the 28th of February and the longest period of pressure is until the 27th of March. Thereafter gold is released to the upside which will be a minimum of $3500.”

    It will be interesting to see what happens over the next few weeks.

    Comment by sw — March 1, 2013 @ 12:14 am

  3. SW,

    I think Martin means the final breakout(which he calls at $5000) after 2015. Martin has stated that gold will rise after Aug 2013, but this is not the final breakout and he doesn’t give us a price.

    Jim is referring to a mid-cycle breakout to $3500. Alf Field states this well using the Elliott Wave Theory. He says we are in the third wave up to $3500 in this long gold cycle. And then we have a correction wave 4, and then the final breakout wave 5 of the cycle. Alf Fields doesn’t have a time line per se. But he is calling for a final high in wave 5 at $10,000+

    gg

    Comment by totallygroovygirlfriday — March 1, 2013 @ 12:33 pm

  4. gg,

    Thanks for the clarification on Martin’s predictions – a brilliant man but hard to follow.

    Martin has stated on numerous occasions that gold is not a hedge against inflation; it’s a hedge against corrupt governments. Since the US government continues to demonstrate this quality with ever increasing intensity and frequency, I will continue hedging.

    Comment by sw — March 1, 2013 @ 3:00 pm

  5. groovygirl could not agree more!

    Comment by totallygroovygirlfriday — March 1, 2013 @ 3:11 pm


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