" He [Armstrong] has posted articles going both ways. In one article he said his energy models are turning bullish and gold is due for a 2 month bounce. In another article he says the deflationary forces are taking over and gold is likely to go back down. He’s hedging both directions so no matter what happens he can claim he called it............. I’m not hedging at all. I’m flat out telling everyone that a major rally is coming. It will either be the bottom of the bear market or it will be big enough to generate the fuel for one more leg down later this year or spring. I’ve even told you exactly what must happen for the two scenarios to play out. If the CRB keeps dropping and gold tags 1033 then it’s my opinion that the 3 YCL is occurring now and not later in the year. If the rally starts here then we probably have another leg down later."