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On Hannity now
Thugs at UC Berkley riot over a conservative speaker. They are so one sided they make Repub students pay thousands for security at the last minute knowing these kids don’t have that kind of money.
Re 40,000 Dow? It Reminds Me Of Japans 40,000 Dow back In 1989
Supposedly Japan was never the same after that era. In fact Sony TVs are now made in China. Anyway, below is a Dow chart back to 1970.
After March 2000 it dropped 2,000 points. After 2008 it dropped 3,000 points. If it drops again, watch for a possible 4,000 point drop. However the 8,000 Dow was support two times. If 8,000 is support again we’re talking a 12,000 drop.
Keep in mind re all these “investments” like stocks and bonds that are reflected in a statement in the mail, or e-mail. Nobody actually has their money. As long as the balance keeps climbing, it stops people from withdrawing. It keeps them in for the “ride”.
If or when those balance numbers get smaller, people start withdrawing. And nobody wants to be last one out. They all want out at the same time.
joe12pack re your No market can ever be manipulated to alter it’s long term trend.
Huh?? Did you see that gold chart? Most things regarding the cost of living, like house prices, postage stamp, property taxes etc in my area went up in a steady climb of 7.5% per year. I believe commodities are the most important responsibility for the master planners, and commodities are lumped in with utilities. Controlled, and no monopoly allowed for the public good.
Its most important for gov’t to maintain supply. If it’s YOUR responsibility to maintain supply, you occasionally manipulate the price above natural market, and the producers investors etc cause OVER investment and over production, and later on, lower prices and ample supply. Look at Oil. $145 down to $26, now around $50.
I used to work with metals, and prices were ALWAYS too low for reality. I was buying sheet steel 4X8 foot sheets, cheaper than plywood, which grows on trees. Metal production is a BITCH compared to wood.
The gov’t media tells us copper goes up in times of a growing economy. Choppy lateral flat prices $1 plus or minus .50 cents from 1971 to 2004. Check out the Copper chart below.
Nobody on the planet with a brain can claim there was no economic growth for 33 years, OR that that Copper price was not controlled. After 9/11/01 the central planners started losing control. Visible on chart. Don’t think, look.
Armstrong may have made a few good calls. Even Sinclair looked great with a $1600 gold price he predicted long before.
http://www.mrci.com/pdf/hg.pdf
P.S. If Gold does drop way down, it would be suggesting or predicting a massive deflation like 1929. That’s ok with me, it would confirm a TOTAL reversal of the past, with a restoration of the Dollars older higher values. The Penny and Nickel would have value again. The stock market’s companies would have trouble making a profit.
re: Armstrong
Mr. Copper – I have no idea what you are talking about. Armstrong’s computer models forecasts cycles and “reversals” which are important price points that provide support and resistance.
Gold and silver each have their own cycle. It’s when both silver and gold’s cycles converge within the same week is where we find important “turn” dates. The last turn date was 11/30/2015 for silver and 12/07/2015 for gold. And sure enough that marked the exact low. Those dates were given to us before it happened. The next dates coming are clustered in late 2018. We’ll know better when that time comes if we are looking at highs or lows.
The fact that you use the term “typical manipulation” tells me you have little understanding of the markets. No market can ever be manipulated to alter it’s long term trend. And if there are any short term manipulations its usually to the upside not the downside.
I’m sure most the people claiming armstrong calls suck or what not don’t pay a red cent for his material or go to his conferences (both of which I have done). I witnessed his gold+silver call he made in advance play out so I am a believer. You can choose to believe who you want.
But so far his real estate call is dead on (real estate is headed lower). His Bonds call is playing out right now (topping after a 34 year bull run). His calls for a stronger are dead on (we should challenge the old 1985 highs) and finally his calls for DOW 24k and potentially 40k is playing out. I don’t rely on his for short term trading advice but his long term stuff has been spot on.
joe12pack @ 17:57 Armstrong Projection Makes No Sense
He’s not taking into consideration, of the various dollar’s value or the typical manipulation in the futures markets. He’s not adjusting for rising or declining annual gold production, depending on price or purity. Years ago 1 oz out of a ton was good. These days they are happy with 4-5 grams per ton.
House 1971, cost in dollars $40,000, Gold cost was $140, = 285 oz’s to buy house.
House 2017, cost in dollars $400,000, Gold cost $1200, = 333 oz’s to buy house. Gold cheaper today than 1971.
Car 1971, cost in dollars $3,000, Gold cost was $140, = 21 oz for car.
Car 2017, cost in dollars $35,000, Gold cost $1200, = 29 ozs for a car, Gold cheaper again.
Typical wages in 1971, $10,000, Gold cost $140, = 71 ozs annual pay in gold.
Typical wages in 2017, $50,000, gold cost $1200, = 41 ozs annual pay in gold. <<<
Wages are 42% LOWER than in 1971, USA peak of prosperity. There lies the bottom line problems of today. Wages and net tax receipts are too low, and we have a $19 trillion TAB.
Toral bullcrap about Armstrong
He’s been wrong so many times I can’t even count them anymore
When will England put England first
London’s Muslim Mayor Hosts Party With 11 Nations That Ban the Jewish State
By Pamela Geller – on February 1, 2017
Islamic Jew-hatred – it’s in the Quran, and London’s Muslim mayor is a devout Muslim.
Note the silence of the left.
LONDON MAYOR HOSTS PARTY WITH 11 NATIONS THAT BAN ISRAELIS
By Donna Rachel Edmunds, Breitbart, January 31, 2017:
NIGEL FARAGE HAS CALLED MAYOR OF LONDON SADIQ KHAN A “HYPOCRITE” FOR CENSURING THE U.S. PRESIDENT OVER A TEMPORARY BAN ON IMMIGRATION FROM SOME MAJORITY-MUSLIM STATES WHILE HOSTING A PARTY WITH DIGNITARIES FROM 11 NATIONS THAT BAN ISRAELIS.
Mayor Sadiq Khan has called on the government to rescind its offer of a full state visit to President Donald J. Trump while the policy remains in place, prompting the former UKIP leader to tweet: “You want Trump banned from UK but are happy with anti-Israeli discrimination. You are a hypocrite @SadiqKhan.”
http://pamelageller.com/2017/02/londons-jew-hating-muslim-mayor.html/
Florida Lawmaker Launches Vaccine War With Trump
Wilson’s last job might give us even further insight into her agenda to force vaccines and oust Trump.
Last job: Senior pharmaceutical sales representative, GlaxoSmithKline
Legislative specialty: Foreign affairs, civil rights, human rights and healthcare
Her “human rights” label might be a bit misleading, considering stripping parents of their parental rights is pretty anti-human rights. Wilson would likely do anything to push Trump out of the way at this point, however, she will operate under the guise of “social issues.” Trump is a “racist” and “mysoginist.” But the reality is, he’s in the way of her ultimate agenda to force vaccinate kids. She’s a crony for Pharma. She probably stands to make a lot of bribe cash.
https://truthkings.com/trumps-vaccine-war-with-florida-lawmaker/
Maddog
Yen might work to a point. They’re on a balance board. Have to watch numbers as well as USD. Once yen at 120 keep a eye on it 120-130. 130 May cause problems to them depending on what the rest of the worlds currencies doing.
Armstrong Projection
The top graph/Fibonacci projection is what I graphed based on my ABC analysis and I get a final low somewhere in the range of $858-$915 which is in line with what Armstrong is looking for.
It still amazes me to this day his call for a turn date for Gold of the week of Dec 7th, 2015 after the relentless 5 year drop- it turned out to be THE absolute low in gold. Mr. Copper don’t you wish your calls were as accurate as his?
Armstrong’s calls are amazing. The next stop is the week of Sept 10, 2018. So the low will come in by then and after that we lift off.
Beep Beep!
by williambanzai7
Why No Info From Armstrong? Where is the Mr. Gold Guru today?
Somebody ought to post some of his recent $800 Gold opinions for education purposes.
FYI re Miners
AGI may have bottomed. BTG ASM PAAS and MAG looking healthy. RIC running wild.
scum
Now we will see if they are around, as usual kneejerk reaction to Fed statement, had Dollar/SM buying, PM smashing….but again it is not carrying through !!!!
lets see.!!!
Re Muslims Banned From USA Entry Need To Get Used To Being Treated Like Gun Owners
When some mental defect dimwit prescription drug addict shoots up a school yard, all gun owners get blamed. Trump ought to bring to Americas and Muslims attention……
“The many have to suffer for the few, like gun owners always were”
But that’s another reversal going on with the NRA in the White House.