Gold began the bounce on target but we need a daily closing ABOVE 1295 to suggest any further upside pressure. The low was on June 2nd so technically we have fulfilled the first target in time for a June seasonal low. We would need a weekly closing above 1355 to really suggest a brief […]

QUESTION: Hello Mr. Armstrong, First I wanted to thank you for your continued education and telling the truth about how things really work.  Seems we have been taught a load of cr-p.  I too am below water having listened to the gold promoters, who either are blatantly lying or have delusioned themselves to their false […]

Ecuador hands Goldman Sachs 466,000 ounces of gold worth roughly $580 million at today’s ruling price. Ecuador under its socialist President Rafael Correa is seeking sources of cash after they borrowed over $11 billion from China because they defaulted on $3.2 billion of foreign debt five years ago. This is the consequence of debt and in the […]

QUESTION: Why don’t you suggest silver coins as barter ? Thanks! ANSWER: I do. A few questions have come in about the “spreads” for collector coins. To make this point clear, stay away from collector coins for bullion. The common day $20 gold pieces are all you want – no MS65 nonsense. Just standard circulated $20 […]

QUESTION: Martin, I’ve written you a few times and greatly appreciate the replies and posts on your blog. As I have mentioned before, I worked for a metals dealer that traded on margin and caught a substantial amount if heat for being a bear w silver at 50 and gold at 1900+. I shorted silver the […]

Gold is moving into the June seasonal low on schedule. A closing for the month on a Nearest Futures basis tomorrow below 1251 should result in the sharp decline. A monthly closing BELOW 1192 will warn serious of a sharp decline that will more than likely break the $1000 level. C A U T I […]

Goldman Sachs, JPMorgan and the metal exchange based in London have all been accused of manipulating the zinc prices over the last 4 years. The prices for zinc have increased as much for aluminum in recent years and not declined. The argument here has been that they held the metal prices up, opposite of the […]

  QUESTION: Mr. Armstrong; I am a converted and repentant Goldbug. I have listened to the same hype all the way up and all the way down. They always blamed mysterious manipulators for their mistakes. What I understand from your explanation is that there is no grand plan of manipulation, it is always just trading […]

QUESTION: Mr. Armstrong; you mentioned something in passing that gold has declined because it has been declining in a basket of currencies. You are the only analyst that I know of who looks at everything in different currencies. How important is this view? Thank you for all you do Best Regards; HK ANSWER: Having offices […]

The latest tracking of gold being consumed in China and India has revealed a declining demand. Mainland China’s demand for gold fell 18% in the first quarter of the year as investors bought fewer bars and coins, offsetting record demand for jewelry, according to the latest trend report from the World Gold Council based in London. The […]