Christine Lagarde, head of the IMF, could be charged with money laundering as she transported more than $10,000 worth of goods without declaring them. Lagarde appeared in New York City wearing French designs in a Chanel dress worth €3000, €6000 for her Hermès handbag, and at least €500 for her Christian Louboutin shoes, bringing the total to about €9500, not counting […]

Turkish elections have resulted in uncertainty, as the share market fell about 8%. President Tayyip Erdogan was hoping for greater power but the people had different ideas. On Sunday, the people dealt a serious blow when the AK Party failed to win an outright majority in a parliamentary election. There will now be a minority government […]

We will soon release Phase One of Socrates this month as was demonstrated at the Solution Conference. Yes, it has taken longer than expected but we had to be sure the transition to the Web Access would work as seamlessly as possible. We will not be able to open up the ability to talk and […]

COMMENT: Hi Marty, I just flew from Germany this week on Lufthansa. Looking for movies in the movie section, I found the The Forecaster movie. To my surprise, it was listed under the Lufthansa recommended movie list! I was so pleased to be able to watch the production. Sad that I had to be in […]

Gold broke to new recent lows in euros, with critical support forming at the 1010 level as deflation continues to crush the economy. The largest ETF fund used to be gold, but now with over $900 million in liquidations in May, the fund fell out of the top 10. So far, so good. It appears we are […]

QUESTION: Dear Mr Armstrong, I hope your well. Please could you elaborate on your post: “Consolidating all the debt in the EU” Of course you were correct and if these brain dead idiots had listened to you they would not be in this mess but surely the EU exploding with a sovereign debt crisis is […]

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 […]

Thomas J. Hughes, a 29-year-old investment banker allegedly took his life by jumping from a luxury apartment building at 1 West Street in Manhattan last week. Per usual, the NYPD immediately declared it a suicide. Strangely, serious investigations never took place and similar deaths have occurred within the past 18 months all declared suicides. Wall […]

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 […]