Can we just put all these non-predictions into a single thread entitled "gold is going to continue recent trend +\- $20"?
Down to $900 apparently. Getting worse than Maloney. But at least Maloney gives some reasoning behind his predications.
I think leon has joined the Martin Armstrong cult. Armstrong seems to be making new claims like this every few days. Armstrong said gold was going to $5000 when it was going up then when gold started going down he said $800. He is the king of flip flopping. Amazing how much money people pay to read his toilet paper.
To clarify, Armstrong did say $5000 but that is the potential top once gold has its final push. He also stated that the U.S. dollar at the time will be under pressure at the same time so its relative value to Aussie dollar may not be as significant. As for $800 gold, he didn't predict this, it is one of the targets. He has clearly stated that a break below the $1000 but that does not rule out a temporary rise....which he also wrote about a week or two ago. Nothing happens in a straight line. I am with Leon on this one. Armstrong has saved me a lot of money so to me proof is in the pudding. I got out of silver when he clearly stated it was pushing lower...this was in the mid 30's at the time. Unfortunately there will some here that will consider it a lucky guess should gold go below the $1000. Armstrongs turning points are not predictions, just to make it clear...he doesn't predict. They are simply points of strength or weakness.
For instance, this is his latest on the Dow. "The support on our weekly models lies at 17253 and 17068. Weekly closings beneath this numbers will confirm there is a correction in progress. Keep in mind that a decline in the share market should send capital into a final spin with the rush to a flight to quality creating the last peak in government. This is the bubble in government for this turn in the ECM and thereafter, we will see a very confusing and interesting future. Keep in mind that during such events, there is no sector that is left untouched. Everyone will suffer for there is no safe-harbor for capital during such monumental periods of confusion. So as we move for the closing this week, pay attention to these numbers."
After all, this rally is only a bounce; inside the long-term down trend. Wait until October, you will see much lower gold spot price in US$. :lol:
Leon are you the kind of person that places a bet on every number on a roulette table then gets excited when you win? I know Armstrong does that :lol:
If you call flying past $1130 testing it then sure You should go and see John Edwards, he loves people like you LOL
Ahh, well at least he's putting all his bets on the table. What have you done in terms of price predictions?
You might want to read his heading and many other post he made Throw enough targets "Maybes" out there and you will be sure to get one right. Aww amazing how people only read what they want to read.
