Armstrong is referring to the end of the current cycle for gold and he has not changed that forecast.
Oh really? Hasnt he flip-flopped from his numerous 3K, 5K, 12K calls to now 1K and below? Hasnt he praised gold as THE BEST of all worlds for a bull market? Hasnt he clearly specified the date (by 2015\2016) which is highly unusual for him (for he prefers to obfuscate everything so not to get caught on his false predictions)? Everything is well documented - levels, dates, etc, so that
The interim correction to < $1000 is shorter-term cycle within the larger cycle.
crap about short-term\long-term wont work, ok?
MA of course can keep fucking gullible idiots like yourself forever (as he already did with gold at least twice) but he cant sell his crap to those who can at least read.
He still thinks gold can peak out at $5000.
I dont care what he, you, or anybody think. Lets not forget he always keeps telling that his forecasts are not his views but his super computer. So now it turns out it was yet another regular bs and there is no computer that does all those forecasts. It's just his opinions and wild guesses. And not just on gold, on everything as I clearly showed earlier.
If you don't even understand a fucking thing about cycles and what Armstrong is actually writing, so STFU with your FUD.
All the rest of your points can be similarly refuted.
http://www.informedtrades.com/showthread.php?t=1341538You (and I dont mean you personally because I dont give a damn about you. I mean delusional and gullible idiots like yourself who exist only for getting ripped off by charlatans like MA) refuse to hear the truth because:
1. You paid money for MAs totally worthless reports and subscriptions full of wrong predictions, so for you its really hard to admit that you wasted your money and proved beyond all doubts your stupidity to everybody including MA. Its like going to a standup comedy show. You go there thinking its going to be great. But very soon you realize that is not and you dont find it funny. But nevertheless you laugh because you want to get something back on your wasted money. And most importantly, deep inside you dont want to confess to yourself that you got fucked because it hurts your ego and self-esteem, thats why you pretend its funny and you lie to yourself.
2. In this complex and uncertain world absolute majority of people seek guidance, somebody to tell them what to do, what to think, etc. Somebody who can explain them things for they are not able to do so themselves. Its like a blind who needs a guide-dog, like a child who asks his mommy whats this and whats that. Thats why throughout the whole history charlatans like MA have been popular. From voodoo shamans, oracles and priests of ancient Egypt to these days, they all appeal to peoples insecurities, exploit their weaknesses and emotions, not their reasoning. And when somebody tries to open their eyes with facts, people reject them. Not based on facts or reasoning, but because of their stupidity, deep insecurities, and fears. For people dont want to lose that feeling of false protection, they prefer to remain in that sweet delusion that theres somebody that would walk them through uncertainties. And when they think they found that somebody, they dont want to lose him no matter what. But the hard reality is that there is no such person and never existed. Hello! You have to work yourself or you'll be getting fucked by armstrongs and the likes.