Where does this leave gold?
posted on
May 18, 2013 12:09PM
Strong words from Martin Armstrong this morning:
"The dollar MUST rise sharply OVERALL between now and (the year) 2015.75."
It would appear if Martin's words prove correct, gold could remain on the defensive for a period of unknown months. Fortunately for us during this period ahead, we should be protected to some degree with our expanding resource at Borden Lake
I know folks don't like this kind of talk, and I do hope Martin is dead wrong, but he has an excellent track record and until he is proven otherwise, it might be wise for some to consider his analysis so we might better plan for tomorrow outside of Borden Lake.
As days pass I'm emotionally kicking myself for blindly believing in some prominent gold analysts without ever once considering that they might be wrong. It appears that all the hype concerning physical versus paper gold products, for the time being, has apparently sucked in a lot of people in the middle of a continuing major decline.
disclosure: We have a significant amount of our wealth in bullion coins with a much lesser amount of pm shares(some little ones will go, not Probe), and have decided to, just wait it out on the majority. According to Brent Cook, whatever folks think about him, there are 200, I believe, or so explorers with less than $250,000 in the bank that might not survive the period ahead.