QUESTION: Nobody seems to know why Islam used the Crescent and Star as its symbol. I even asked a couple of Muslim friends but got different answers What is the real connection there? Wikipedia says its is only a 20th century addition yet it appeared on state flags of the Ottoman Empire. ANSWER: Interesting. I […]

QUESTION: Mr. Armstrong, its seems rather clear that for the last 30 years you would have been far better off just buying stocks rather than gold. I do not understand how people can even listen to these gold promoters who have no regard for a person’s financial survival. I have to wonder if they are […]

The World Gold Council’s annual demand trends study for 2014 are out and they show that there has been a very painful readjustment for the gold market after a record-breaking 2013 where 880 tons of gold was liquidated from the ETF area. The overall demand slipped 4% to 3,923 tonnes last year in 2014 with […]

  The comments have been pouring in on gold. To say they are interesting is to put it mildly. It is funny how both the gold promoters and the mainstream press actually respond in the same manner. Both desperately try to ignore the fact that our models just may have been an important advancement in […]

Gold peaked on our target week at the 1307 level failing to get through the first line of key resistance at 1310 intraday. Gold also failed to close above 1298 on a weekly basis. Today, the key support lies at the 1226 level and a weekly closing beneath this area is require for the break. […]

  Our greatest problem is government’s hunt for money. Now 29% of American households are starting to hoard dollars. As this increases, government can eventually close the door by simply cancelling the currency. The USA has never done that yet other than the transition from the Continental dollar to the US dollar. But every other […]

  Gold closed between the Weekly Bullish and Bearish Reversals at 1298 and 1287. The week of the 19th was the target for a turning point. It is curious that this turned out to be the week for the Greek elections as well and then the King of Saudi Arabia dies with his successor telling […]

  We need a closing ABOVE 1305 to keep gold neutral right now. Additional key resistance begins at 1310, 1319, 1321, and 1326. It may prove to be very difficult for gold to rise beyond this seasonal high in the face of a very strong dollar. Caution is the word that applies to gold right […]

Of course the Gold Promoters are touting jump on. They always do that. This was the target week the computer highlighted back in early December. Today is the Directional Change and the Daily Bullish Reversal stands at 1298. The weekly stands at 1324. Every time gold rallies, they come rushing out screaming BUY BUY BUY. […]

COMMENT: Marty, one of the comments on the Mises Institution site says it all. You are never wrong. I have to admit. I was a goldbug and listened to the bullshit as you call it. Yet this action in gold has proven not merely were you correct in saying gold would pop, it has nothing […]