Loading ...Here’s my understanding. Armstrong was imprisoned for about 13 years (?) because he refused to divulge his model to the PTB….but he was never charged with a crime(?). While in prison he was attacked by an inmate with his typewriter and nearly killed? He was allowed to publish a newsletter while he was imprisoned and somehow managed to sneak it out on a regular basis to keep his popularity as a trading Mogul? Then by some miracle he was suddenly released from prison, apparently forgiven of any wrongdoing, and continued publishing his newsletter and using his model to accurately predict the cycles, one of which I remember was that the DOW would continue up to over 30,000, (I think?) which it has almost done, and because he has been so accurate in his predictions he is considered a Guru of unquestionable repute.
At the time of his release, my thinking was “why was he suddenly released from prison and forgiven and allowed to continue his reputation as a market Mogul with no interference?” …..and my answer was “because he has agreed to use that great reputation to discredit PM’s and discourage investors from even looking at that sector.”
So now he predicts gold will go sub $1000 and he has this unblemished and untarnished reputation to support him, so who would be stupid enough to buy into the PM sector and go against someone with such a stellar reputation???? The only one I know for sure that will do that is yours truly, Silverngold, because IMO silver is going to $120 and gold is going to $3600, and XAU is going to 321, and it will all happen between May and December 2019, and 99.99999999% of the investing world will be sitting on the sidelines, or on the wrong side, and wondering what in the hell happened….And a final thought is this: All those who are using the ETF derivatives to make their fortunes…..be prepared to lose it all since all of the counter parties will default and leave you holding an empty bag…..but best of luck to all from Silverngold.