QUESTION: Lately, the goldbugs have been complaining about large sales driving the price of gold down.  Can you comment about the validity of their arguments? Thank you. Sincerely, -RM ANSWER: Gold was on schedule to decline. Even the oscillators are still negative. The fundamentals are gathered from time to time and selected to fit the […]

COMMENT:  Martin, Thank you for the laugh over your consoling words of “Cheer-up! We have a front row seat” in your bleak piece entitled, “The Elections for 2014 Are All About Creating a Dictatorship”. Talk about gallows humor! It reminded me of the story of a shopkeeper who had his store front damaged in a […]

The Socialists are everywhere. Now the IMF has come out with the brilliant idea to tax the rich and target the multinational corporations to solve the budget deficits. These people simply belong in prison because they are far more dangerous to society than and rapist or armed robber. Their victims will be the entire society. […]

QUESTION: It seems some of the very people who use to interview you now suddenly pretend to be world analysts covering all markets. Everyone tries to mimic you yet ignore you. If people like this will not comprehend what you are doing, are they merely making the future much worse with their cheap imitation of […]

FX Concepts was once the largest currency hedge fund in the world. It has now announced that it too is shutting down faced with poor performance and massive withdrawals of investment. They have announced that the asset levels have declined and are no longer viable to sustain a business. As the G20 gears up to […]

QUESTION:  Hi Mr. Armstrong, Deflation has been described as a peacetime phenomenon. You say we are in a period of deflation and yet the world seems to be at anything but peace. If your war model turns up in 2014, do you expect inflation? Thanks MB ANSWER: The traditional concepts of DEFLATION and INFLATION are […]

QUESTION: I can confirm your post today in a small way for I have seen Singapore prices rise since 1990, naturally with cyclical fluctuations.Your 2015.75 year target is 26 years — can you indicate a correction period that corresponds thereto? FYI— the top of the market is currently sluggish but  outlying areas are better and so the gap […]

The crisis in Long-term Capital Management that began with Russian debt spread and hit every market with lightening speed. Even the dollar/yen fell from 147 to 103 in just days. Why? It is called contagion. Major investment is spread-out internationally. As a crisis unfolds for one region, it spreads by forcing liquidation of other markets […]

I cannot emphasize how serious a situation we are in on two fronts (1) Sovereign Debt Crisis and (2) Pension Crisis. These are really global problems that are going to explode in our faces. In Europe we have the Sovereign Debt Crisis has spilled over into the banking system since banks were required to have […]

Many of the Goldbugs will be happy to hear that the London Bullion Market Association (LBMA) says it might start charging member banks more or even dissolving the Gold Forward Offered Rates (GOFO) – the rate at which dealers will lend gold against US dollars – due to new financial market regulations. The push for regulation stems […]