QUESTION: Marty, I heard that banks are actually shutting down proprietary trading. Is that true? Does that mean the manipulations are coming to an end? Cheers FP ANSWER: Yes. Many banks are getting out of the business entirely, especially the Europeans. They are not even making markets in currency. The fines over short-term manipulations have […]

Yes, there were ONLY two possible patterns (instead of countless): (1) the slingshot where you penetrate the previous year’s low and then blast to new highs, or (2) you base until the Gold Benchmarks and then enter the Phase Transition. Either way, new highs were ahead. There was no indication of a crash to some 50% to 90% […]

The upcoming election in Hawaii has revealed the rise of a separatist movement that argues that Hawaii is an independent country that has been occupied. Indeed, Hawaii is one of four U.S. states that were actually independent nations before they became states. The others are Vermont, where there is also a separatist movement, along with Texas, and […]

The Dow closed neutral on our indicators for the month-end of October. We have held support below and bumping against resistance. There are only two possible patterns: (1) a slingshot move that penetrates last year’s low and swings to new highs in a blast to the upside, or (2) we simply base and then enter […]

Here is the design for this year’s conference cup for those who have a collection. Everyone always seems to be surprised that I drink coffee all day — four Starbucks venti cups is a normal day, and sometimes I go up to six. Everyone has been shocked at how much coffee I drink. But that […]

COMMENT: Hi Marty, I’m another Englishman who is an avid reader of your blog and am very much looking forward to your ECM conference material later this year. As a European pouring thorough the continental news we are definitely seeing a reinforcing cycle of breakdown in government over the past few weeks and months. It […]

Some people have wrongly expected a crash in the long bonds. What has actually happened is that China and others have sold into the high, liquidating their long bonds, and moving short-term. This is why rates are negative on the short-end. The CRASH comes in the opposite direction this time. Why? Because the central banks […]

Nicolas Sarkozy is recognized by the French parties on both the right and the left as a very skilled politician. Sarkozy was the president of France from May 2007 until May 2012 when he was by the socialist Hollande. Well, Sarkozy is back. Friends of his are shuffling the press, putting their own people in, and replacing managers […]

A number of people have wrote in to ask about the proposition that gold should rise to be equal to the Dow because that is where it had reached in 1980. Sorry, there is no way. In 1980 when gold was at $875 and the Dow was at 1,000, it was the end of a Public Wave […]

QUESTION: Mr. Armstrong; It is obvious that so many people try to copy your work and pretend it is their original work. The Cycle of War is a classic example. No matter how much they fudge everything, your models work to the day and that is just mind blowing. Nobody has been able to duplicate […]