muses of the moment

July 20, 2013

Latest Blog Post from Martin Armstrong dated July 19, 2013 (2)

Filed under: Economic Confidence Model Cycle, Martin Armstrong — Tags: — totallygroovygirlfriday @ 9:29 am

Martin explains further what the upcoming ECM Turning Point (August 7) will mean.

Click here for Marin Armstrong’s latest blog post entitled Major vs. Minor-What is the Difference? dated July 19, 2013.

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9 Comments »

  1. Martin is surely giving us alot more insight in to his ecm model. Im wondering now how he defines major and minor. What other “tells” were there to say that this is going to be a “minor”? Leads me to think that there wont be much change in the DOW. Would that be your reasoning as well GG?

    Comment by MikePhila — July 20, 2013 @ 7:22 pm

  2. Yes, I would agree.

    gg

    Comment by totallygroovygirlfriday — July 21, 2013 @ 11:46 am

  3. GG,

    I went back this weekend and reread Armstrong’s comments on the 8/7/13 date. Although it isn’t a major selloff, I believe he DOES think that nonetheless, the markets will turn down to some extent. In my current 401K plan I have been “all in” to stocks on the advise of Armstrong since January. I’ve gained over 30% when the rest of the world was running in the opposite direction (I love Armstrong!). What I am going to do now is to put 100% of it in to a “preservation” fund that I’m offered here at work (from a list of 20-25 options to invest in) to protect my gains and then to jump back in the market in late August/early September. Any thoughts from guru GG?

    Comment by MikePhila — July 22, 2013 @ 2:21 pm

  4. Sounds like a good move. But since this is a minor correction according to Armstrong, make sure you really want to pull 100%. Not sure what a “preservation” fund could be. Make sure it is what you think it is. You seem to be very knowledgeable, so I am sure you have read and studied the prospectus and historical chart (going back past 2007) on that fund.

    Thanks for the comments and questions.

    gg

    Comment by totallygroovygirlfriday — July 23, 2013 @ 10:40 am

  5. How about putting a portion on NUGT on August 7th, and letting it ride?!

    Comment by Anonymous — July 23, 2013 @ 2:24 pm

  6. I am also interested in NUGT and waiting to invest again. MA example of a minor turning point was the US stock market in 1987. It took about 2 months to bottom. MA said he will update his gold report to subscribers in September which leads me to believe the drop will extend into September. This drop may also take gold to around $1000. I will be watching the GDX and NUGT chart closely for a bottoming signal. It seems to me NUGT/gold stocks will provide seasonal trading opportunities until 2015.75. Around 2015.75 will be the time to buy and hold for the parabolic move he predicts. Interesting times ahead.

    Btw, great website GG!

    Comment by Tony D — August 1, 2013 @ 10:48 am

  7. Tony D:
    Thank you for your comments.
    I absolutely agree. At 2015.75 juncture, time to convert to physical metals, and brace for calamity.

    GG:
    If you’re a fan of Elliott Wave, I recommend looking at Avi Gilburt’s work at ElliottWaveTrader.net

    Comment by Philip B — August 2, 2013 @ 11:54 pm

  8. Yes, Elliott Wave is a good theory. I haven’t read Avi’s work, I will check it out.

    gg

    Comment by totallygroovygirlfriday — August 3, 2013 @ 8:35 am

  9. […] We are now past Martin Armstrong’s turning point of August 7th….it will get interesting. For past posts on August 7, 2013, click here and here. […]

    Pingback by Quite a jump in gold this monday morning | muses of the moment — August 12, 2013 @ 12:57 pm


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