The purpose of the Reversal System is to provide confirmation of a trend. In gold, the potential for a pop into June required a weekly closing above 1239. We wrote on May 15, “A weekly closing above 1239 should confirm the pop to the upside. The key resistance technically stands at 1309 area.”  We failed to close above […]

COMMENTS: (1) Marty, are there any key downside support levels we should be paying attention to here? That call from your computer model warning us to look out below several months ago, all while the Euro Bunds were continuing to rise and setting new lows for yields, is absolutely remarkable! (2) When you said sell the […]

QUESTION: Mr Armstrong; You have written that the Federal Reserve remains on track to raise interest rates later this year and this will accelerate the capital inflows driving the dollar higher. You previously warned that this will also set off further defaults in emerging market debt and you have also said that the pension funds […]

In response to questions from a major U.S. city and the debt crisis, I will not mention the names for this is sensitive and highly political. I have decided to address the question, which I would normally do privately, only because a lot of municipal governments are in trouble in many countries. The same problems […]

The European Union (EU) is now looking at consolidating all member debt, which is what they should have done from the start. The question remains – Is it too late now? Since they have already conditioned the public to accept debt defaults and write-offs, why not just consolidate everything? This is their hope to keep […]

Switzerland has caved in entirely and has sealed its own demise. Everything that made Switzerland the place to be, from religion to economic freedom, is becoming lost thanks to bureaucrats. Switzerland began as a tax revolt; William Tell would be rolling over in his grave if he knew what this country has just done. Swiss […]

QUESTION: Marty, With the default of Greece and their exit from the Euro, what is likely to happen to the debt and what rate would you expect the drachma to be established? I really don’t think you can possibly know how much this blog is appreciated. I’m not in the finance industry but have followed […]

  Polish President, Bronislaw Komorowski, 62, conceded defeat to conservative challenger Andrzej Duda, 43, shown above voting in the Sunday’s presidential election with his wife and daughter. This is reflecting the shift in politics that our computer has been forecasting for this period going into 2017 on a global scale (including the USA) for 2016. […]

I have received a lot of emails about how the gold bugs have now adopted the ECM date for the turn in gold and how governments are planning to roll out alternative financing of debt. India plans to issue a gold backed bond, and last Wednesday the state of Saxony-Anhalt issued its first dollar bond […]

The Bank of England is studying the implications of a possible British exit from the European Union, as it slipped in an email to the Guardian acknowledging such a study. This is standard operating procedure for the BoE and is to be expected. It is by no means confirmation that Britain will leave. Rather, it is […]