See the chapter entitled "Is Gold Trying To Speak?" from Armstrong's Feb 2009 piece for reference purposes.

http://blogln.ning.com/profiles/blog...

Turns out the stock markets did not take a turn for the worse since Feb, with Gold reacting spectacularly in the inverse direction leading into a June crescendo, but instead it went along for the ride in unspectacular but welcome fashion. Since the markets did not crash as Armstrong posited, the good news is his projected 5-month reaction low in Gold through November probably won't come to pass either - so things are bound to work in our favour going forward.

Too bad Armstrong's not provided any alternate guidance for Gold that I am aware of in an enviroment of stable and rising Stock markets that have not seen the drop door open under them. Then again, his April 19 turn date in the Economic Confidence model might still be correct in that this model reflects the beginning of a sustained downturn in economic fundamentals that takes time to filter down into Quarterly financial statements, and then the markets start reversing direction & head south later this year - igniting the spark that will see Gold start a sizeable upleg in late Summer or early Fall lasting through Spring of 2010 (ie lines up with the 2-year Gold cycle predictive model.)