This goes back to 2008 http://www.armstrongeconomics.com/wp-content/uploads/2012/03/its-just-time-martin-armstrong.pdf when he predicted 2500 and 5000 in gold. Notice also his “brilliant and super precise” forecast on the Dow ranging between 3.5-35K.

Now take a look at this http://s3.amazonaws.com/armstrongeconomics-wp/2012/03/will-gold-reach-5000-809.pdf.  He finally gets more specific by saying gold “is still poised to rally to at least test the $3,000 level if not much higher.” At least! And of course he yet again mentions 5000 levels. Of course, as we now know, it was yet another totally wrong prediction.

Here (in 2011) http://s3.amazonaws.com/armstrongeconomics-wp/2011/03/armstrongeconomics-how-when-030111.pdf he praises gold as THE BEST of all worlds for a bull market and even goes as far as to predict 12K (not just 5K this time!) by 2015\2016.

And now when it became bloody obvious for everybody that gold is not going to 5K by 2015\2016, he flip-flopped and now all of a sudden sells the opposite bs to the same gullible idiots that gold is going below 1K. But even after that flip-flopping, he still gets it all wrong all the time. How many times he predicted gold to break 1K by a certain date? Of course, it never happened.

By the way, whilst we are at gold, let’s examine yet another of his numerous bs. MA in almost every post about gold keep babbling “Gold is not the hedge against "inflation" but against the "collapse in the confidence of government." In other words, when people lose confidence in government they buy gold, and when government is strong - gold is low. Oh really?  Absolute high (inflation adj) in gold was in 1980 when the US has the lowest level of Debt\GDP since the Great Depression with gov. debt is around 1 trln, which is a joke in comparison with what we have now (19 trnl, > 100% Debt\GDP). And yet now we have gold around 1100 which is far less than the peak of 2011 which (inflation adj.) in turn is less than the peak of 1980. So what MA tells you is that the credibility of\confidence in the US government and all other governments was lower in 1980 than it is now. What a clown!


Look at this http://s3.amazonaws.com/armstrongeconomics-wp/2012/08/realestate-cycle.jpg and stop bullshitting people (after all, we have MA for that), ok? It shows the peak at 2007.15 and then a decline to 2033. And the reality is real estate now is way higher than 2007 levels almost everywhere. Look at what is going on in San Francisco, LA, New York, London, Hong Kong, etc. And it’s not just the top segment that is rising. Look at Sweden, for example, and many other places.


He likes to constantly bs people about how everything is connected, all asset prices are interlinked, etc. If that’s the case, then you can’t simply miss such a big move in oil price. Especially if you do have a computer model (as he claims) that tracks everything for you. Yet he missed it completely. He never warned about upcoming collapse. If fact, he predicted the opposite, right at the YTD peak http://www.armstrongeconomics.com/archives/22328 (“It is poised to rally into 2017 and it appears this is lining up with our war models”). Wars are all over the place yet oil went down sharply. Even when the price declined substantially, he kept ignoring it. He only start mentioning oil when it came to 70. And how about Swiss Franc? This http://www.armstrongeconomics.com/archives/25888 should end with the myth that he predicted the CHF-peg break.

Finally, let me add to the summary I have made in the previous post about his cheats and tricks. Throughout all these years he uses the same pattern of predictions:
1.   Pick an asset
2.   Multiply its price by 8-10
3.   Pick a date which is next or second-next in his deeply flawed 3.14 model

Examples abound: Oil $10 to 100 (10 times) by the next 3.14 date 2007.15, the Dow 3.5K to 35K (10 times) by next 3.14 date 2015.75, gold 500 or 1200 to 5000 or 12000 (by 10 times) by the next 3.14 date 2015.75, etc. If it does not work, he just shifts the date (which he did twice already with the Dow) or flip flops (like he did with gold or with oil ). Simple.

So it is clear that there is no computer model, it’s all just his opinions and wild guesses. And to look more credible and differentiate himself from other so called gurus to justify outrageous prices he charges for bs dvds, reports, subscriptions, conferences, etc, he brings up all that bs about history of Rome and physics.

Further to the above, you might want to check this http://www.informedtrades.com/showthread.php?t=1341538 to see that thanks god not all people are so delusional like yourself.