I know I rabbit on about Martin Armstrong....but..... One person who sees gold falling to $800 is Maund. I have ignored him before on his doom and gloom to my own loss. He is not so great on price rallies, however. Armstrong has an outside chance on $800. Just an observation. A drop to $930 will put me in a pickle. What to do?
If gold goes to $800 I'll be selling everything I own, maybe even a few things that I don't own that aren't nailed down...
If you watched the 1980's film, The Last Starfighter, you will understand my predicament. I only have enough ammunition for one more strike and I want it to be the most effective. I want everything to be in range before the final assault. A break from the 930 down to the 800 range will be devastating for most gold producers that have held on. $130 does not sound much but it is the difference between in and out of business...........but....it would also be the catalyst for the turn.
Its been a shitty investment ever since it boomed in 2011 or whenever that was. All i can tell now is that it is a manipulated commodity. Will take some pretty serious worldwide problems for gold to rise again that for sure???
Haha, it's ALWAYS been manipulated! Buying metal is a vote against the fiat empire. Whenever someone talks about price, it's in FIAT, that's their system. Obviously it makes sense to use as little fiat as possible to acquire as much as possible. That's the main point because there are finite limits to the manipulation believe it or not, gold can't go to $1 an ounce in this environment for example. Precious metals are still substainily higher for those who purchase 2000 to the lead up of the recent "boom". We can all be sure of one thing... the brave new world we are entering.
