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Message: Armstrong
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Baires asked me this question :
Hi SP,
Merry Christmas
How u doin?
Could you please interpret the last 2 paragraphs, especially the very last one? Along with other obscurities, which "benchmarks" is he referring to?
http://armstrongeconomics.com/2014/12/24/gold-for-closing-2014/
Based on what I have read of Armstrong, This was my response to Baires :
Hi Baires....sorry for the long delay in responding...that xmas season sometimes ties one up for a long time ...I am just getting back to regular reading
Anyways, the benchmarks are I believe simply the areas in price Armstrong believes gold will fall (or could fall) (or rise) to....Nobody knows what those prices are unless you buy the report which costs $400 US. I have not purchased the report as previously disclosed so from his writings I try to ascertain his thoughts as he gives clues from time to time...In my mind , nothing is for sure because it depends on other events transpiring, that trigger other events...as everything is interconnected (according to Armstrong)
From what I have surmised, and based on recent year end closing prices, I believe the gold price may fall to $950 to $1000...and therein lies perhaps a bottom...In my mind it may happen quickly, flush out any remaining longs (gold will be dead) and then stabilize a bit higher and begin base-building...non the less by the 3rd quarter of 2015, the real action should begin - not because of inflation or money printing etc etc ... gold start to rise because of a rising and progressing lack of confidence in currency...in paper money due to lack of confidence in government...confidence in currency is the key...Armstrong also says gold will rise with a rising US dollar
Hope that helps Baires...All the best to you
Anyways, the benchmarks are I believe simply the areas in price Armstrong believes gold will fall (or could fall) (or rise) to....Nobody knows what those prices are unless you buy the report which costs $400 US. I have not purchased the report as previously disclosed so from his writings I try to ascertain his thoughts as he gives clues from time to time...In my mind , nothing is for sure because it depends on other events transpiring, that trigger other events...as everything is interconnected (according to Armstrong)
From what I have surmised, and based on recent year end closing prices, I believe the gold price may fall to $950 to $1000...and therein lies perhaps a bottom...In my mind it may happen quickly, flush out any remaining longs (gold will be dead) and then stabilize a bit higher and begin base-building...non the less by the 3rd quarter of 2015, the real action should begin - not because of inflation or money printing etc etc ... gold start to rise because of a rising and progressing lack of confidence in currency...in paper money due to lack of confidence in government...confidence in currency is the key...Armstrong also says gold will rise with a rising US dollar
Hope that helps Baires...All the best to you
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