i may be too enamoured with Martin Armstrong

57loaded

but he says if comex Au closes below 1730 look out below! we were very close today.
he made the statement in his report on the 15th of this month.

jmski52

It's been a little while since I read one of his articles, but didn't he have some concerns about the gold market rising too fast? And if there was a breakdown, wasn't he still projecting higher gold after a consolidation anyhow? That it was just going to take longer in that case?

Just askin. Now, I'll have to start readin.

57loaded

yes he did say that when gold broke the upward channel that it was a strong indication of a huge drop, he sees this year's close either above or below last year. below scary for an upward trend in '12 above okay for movement upward.

he is not a gold = money but gold = commodity thinker.

he does not rule out much higher gold at all and is not anti-gold.

jmski52

I like the way he looks at money flows and then plugs the info into his historical world view. When I was reading one of his recent articles, he has a disclaimer about his predictive charting computer. Is he still in the startup stages of reconstituting his computer model?

57loaded

i don't know, when he was in prison most of his stuff was pen and paper.

he has some big cycles and smaller cycles, like an 86 year cycle big cycle, but in this economy and market complexity maybe even that has shrunk or obsolete.

i like his persepective, too. he has an edge.

always good to have different arrows in your quiver!