PIMCO lost the mantle of the largest fund as capital withdrawals reached $38 billion this year as money moves to equities. The largest fund is now Vanguard. This is part of the cycle shift. While there is likely coming a near-term correction, everything is still pointing to capital flight from bonds and banks into equities. […]

  QUESTION: You said gold trades in bursts? This seems to explain the nonlinear patterns you speak of. Is this correct? ANSWER: All commodities, including gold, trade substantially different than stocks or real estate, which is the slowest moving asset of all until the final 2 years. Pictured here is wheat back to 1200. Note […]

QUESTION: “… can you please comment on how an equity like IBM has “STRONG” , in dark green for the weekly….And has “MOVING HIGHER” in Lt Red for the monthly?” ANSWER: With GMW you must understand that this is dissecting every market according to time. You can have a market that is bullish daily and weekly […]

QUESTION: Mr. Armstrong could you comment on Say’s Law and the existence of money? Some claim that the General Theory proved that Says’s Law is incorrect. Yet how can one satisfy his desire (desire is a want, demand is a satisfaction of that want) if he does not produce in surplus? ANSWER: Say’s Law effectively stated […]

QUESTION: Mr Armstrong, Thank you for answering my question. Would l therefore be correct in thinking: 1) It is a casual (indirect) relationship between interest rates and inflation rather than direct (ie, the strengthening economy will result in short-term cost-push inflation) 2) The exploding government debt (on interest rate hikes) will weaken the dollar over […]

The famous Brazilian tycoon Eike Batista’s flagship company has filed for bankruptcy protection. Batista’s oil and gas explorer OGX applied bankruptcy protection (“judicial recovery” in Brazil) after debt restructuring talks collapsed. The debt is about $3.6 billion in bonds out of a total $5.1 billion distressed debts at the company. This marks the end of Commodity boom. […]

QUESTION: Also as you mentioned many times japan being in a 23-26 year Depression is this sequence  also a Bear Market Count ? Your Inside is much appreciated. Don’t worry about the Hate Mails..Been in Retail Finance and experienced the same in the early 80’s. People hated you just to mention Gold was going down. […]

QUESTION: Martin, I enjoy reading your blog and thank you for sharing all your knowledge. I have a simple question. For someone who is not a trader, who has a net worth of $5m+, no debt and plenty of long-term income from oil royalties, does it not make sense to hold 10-15% of my liquid net worth […]

Be it Europe or the USA, the drive to eliminate democracy is underway. Politicians are doing their best to prevent the voice of the people to have any impact. This is what sets the stage for revolution. It goes hand in hand for when government tries to simply dictate to the people, eventually the whole […]

QUESTION: Martin, you said in a recent blog: “Gold peaked with the low in the ECM in 2011 and it should rise after 2016 into 2020. This is a matter of the overall business cycle.” Have you now changed your major low in gold forecast from the original before or in Jan 2014 to now in […]