muses of the moment

May 14, 2013

Latest Blog Post from Martin Armstrong dated May 13, 2013

Filed under: Gold and Silver Investing, Martin Armstrong, Precious metals — Tags: — totallygroovygirlfriday @ 3:39 pm

Click here for Martin Armstrong’s latest blog post entitled Gold and 2015.75 dated May 13, 2013.

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7 Comments »

  1. GG,

    Here is a tremendous interview with William Kaye on King World News (Part 1 & 2) on the criminal conspiracy in the gold market. The best explanation I have heard on how the Fed and their bankster buddies are manipulating the gold market and taking delivery through GLD.

    http://kingworldnews.com/kingworldnews/Broadcast/Entries/2013/5/14_William_Kaye.html
    http://kingworldnews.com/kingworldnews/Broadcast/Entries/2013/5/15_William_Kaye__Part_II.html

    Here are the blog posts for these interviews –

    “Global Banks Massive Criminal Conspiracy in the Gold Market” –
    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/5/14_Global_Banks_Massive_Criminal_Conspiracy_In_The_Gold_Market.html
    “How a Criminal Syndicate of Banks is Raping the Gold Market” –
    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/5/15_How_A_Criminal_Syndicate_Of_Banks_Is_Raping_The_Gold_Market.html

    Comment by sw — May 15, 2013 @ 11:18 pm

  2. Hi GG,

    Sydney Morning Herald which is Australia’s most influential paper carried two articles yesterday, one is about investors deserting gold, another is about gold miners getting hammered on the stock market yesterday.

    My gut feeling is we are probably approaching the low of gold timing wise. Don’t know about prices, but guess a lower low is still to come.

    What do you reckon please?

    Comment by Firebug — May 16, 2013 @ 12:19 pm

  3. Firebug,

    gg agrees with you. gg thinks that we are approaching a low. However, I think we have the potential to bottom bounce throughout the summer months.

    And if their is another credit freeze or stock collapse, investors will sell everything to cover margin bets and losses.

    gg

    Comment by totallygroovygirlfriday — May 17, 2013 @ 11:03 am

  4. Thanks GG.

    DO you still think the turning point will be later this year?

    MA writes the worst case the decline will go into 2015. Also, MA still holds the 1150’s low.

    So maybe we are not done just yet.

    Comment by Firebug — May 20, 2013 @ 7:29 pm

  5. I am not sure. GG buys on dips and holds long term. So, with that in mind, this is how she is proceeding. Her goal is 20% of her total wealth in physical gold and silver.

    However, I am looking for a trading range of $1100 to $1800 thru October 2015. I still find it unlikely to see gold go much lower this year with all the potential crisis around the world and the US political/budget issues. If it does go lower, I would say it would be this summer before the fall. So I will buy more on further dips through the summer. I do not plan on buying more in fall or thru the end of year.

    As we get closer to Martin’s date of October 2015 and after, the key word is volatility. Volatility means extreme up and down.

    October 2015 and after, gg is looking for the uptrend and blow off. I have no idea what the final price will be. It all depends on trust in the global markets and governments. If trust is broken, but restored quickly, the gold price will be closer to Martin’s $5000. If trust is broken and lies tattered on the floor in chaos, Jim’s price of $10,000 is likely.

    The price will be determined by the degree in the loss of confidence in stock markets, brokerages, central banks, bonds, governments, currencies, inflation, etc. That stuff is anyone’s guess. The potential for a severe loss of confidence is very good. But then again, people are so complacence sometimes.

    Tax issues and capital controls could also play a role in the markets and the timing of sell.

    This is what gg is doing, you are responsible for your financial investments and timing.

    gg

    Comment by totallygroovygirlfriday — May 21, 2013 @ 4:56 pm

  6. Agree with you GG and thanks very much

    Comment by Firebug — May 22, 2013 @ 6:56 pm

  7. Hi GG, I bought some physical gold last year around 1700/ounce. I read MA blog where a reader asked whether we should be selling our gold now since it will be dropping further to around 1150 as predicted by MA, and buying back the physical gold prior to Oct 2015. I don’t quite understand whether MA is encouraging us to sell now and buy later. Can you explain on this? Appreciate your kind thoughts on this.

    Comment by Meipeng — May 26, 2013 @ 4:14 am


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