Does China’s devaluation reduce the odds of the Fed raising rates? Some people assume that is the case. However, the Fed is in a box and unless they raise rates, the next crisis in pensions will wipe out far more than most people anticipate. True, everyone from the IMF to most other countries are begging the Fed […]

The gold promoters are trying to claim that China is understating its gold reserves because it is trying to confuse the markets about their clear ambitions to make the yuan a world reserve currency to challenge the hegemony of the U.S. dollar. The rally in gold was technical and a closing above 1109 should spark a rally […]

Confusion hits the markets as stocks, currencies, and commodities fall sharply across the region as investors fear a stalling Chinese economy and possible currency war despite Beijing’s assurances. We warned that this devaluation was NOT A FLUKE, and far too many people just misrepresent what is truly going on within the world economy so it comes […]

The dollar rally and the devaluation of the yuan is not a fluke and it most certainly is not a one-time event. The dollar declined against the yuan for 19 years during the same timing that saw gold decline from 1980 to 1999. The major low on an annual closing basis at 2013 and 2014 was an outside reversal […]

China devalued the yuan in what many think was a surprise move. What they do not understand is that this move is more than trying to firm up exports; this devaluation has a similar impact to raising interest rates to stem speculation. Foreign capital just lost 2%. I have stated before, the Bank of China […]

China’s move to create a yuan based contract for gold was portrayed by the gold promoters cheering this as their savior, but for all the hype, the mere fact that gold will trade in yuan was neither bullish for gold nor any means of displacing the dollar. What this development does is effectively provide a […]

COMMENT: Mr. Armstrong. Everyone knows why the bankers hate you. They say you have way too much influence. You come out and say Shanghai should bottom tomorrow and it does. Obviously, you are the man no matter what you say. RN REPLY: We have a model that is great on time and price, but that […]

COMMENT:  Hey Marty, After spending several weeks in China I am now in Hanoi. I was not able to use any American e-mail service in China. Also, any western websites I could access were super-slow… an obvious deterent strategy… except for one website… armstrongeconomics.com, which worked super-fast no matter where I was in China. There is […]

Many have heard the saying: “I wouldn’t go there or do something for all the tea in China.”  While some assumed this referred to some huge quantity, it actually stems back in time to a value similar to gold or metal used for money. Where metal had some utility value, such as bronze, which could […]

QUESTION:    Hi Martin, I was “of one mind” when it came to gold and silver and the shisters that clam “manipulation to the downside,” “gold is going to 5K,” and “gold has bottomed” and on an on. Your site is the only source of information that I trust anymore and thanks to you I […]