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
Complete nonsense. I have been reading since he started writing in prison. And that was never the chronology of predictions that was communicated.
You come in after the fact and don't comprehend what was communicated and proclaim nonsense. Have you been purchasing his paid gold reports? Of course not. You have no clue as to the charts and explanations that were provided.
Get off our lawn. I don't care if you don't want to follow him. Don't. I know better.
And I don't have time nor inclination to re-explain all the chronology to you. You deserve to not follow him and suffer the consequences thereof.
Btw, the gold prediction has always been for $2.5 - $5K top. The $12K figure is an absolute top of the chart projection, but isn't realistic. It would only be achieved in a very bizarre scenario of near complete collapse of society, but not collapsing all the way to where food becomes money. He always stated that projection was very unlikely (either we don't collapse globally to where food is money or we do, not in between sustained long enough to drive gold that high ... and that is why he said most often the period where gold is being heavily relied upon as money is typically only a couple of years before society resets or we go all the way to a Dark Age and then only food is money).
The correction to below $1k along the way to the ultimate top for gold in this bull cycle was always one of the potentials. It became more locked into stone as events progressed from when he was prison. By 2010 or so, he had identified 2011 as the top for gold before a correction.
I know because I was reading all during that time.
Note also that he didn't have access to his computer while in prison so when he wrote the $2.5 - $5K top from prison, he didn't yet have access to his models to start identifying the correction cycles that would occur along the way to that chart top prediction. The computer correlates enough patterns to be able to identity the cycles within cycles.
And if you expect that cycles analysis will be a simple matter of a prediction and a specific date, then you are clueless about Chaos Theory which is underpinning Armstrong's computer model. That is not what a cycles analysis can do. Rather it can give probabilities and these have to be interpreted in context and these contexts become more solidified based on other contexts. Because everything is interrelated and thus all the cycles impact the other cycles. There are some longer-term cycles that repeat, but predicting specific events what will occur on those cycle dates requires recent context.
For me he has been correct on the major predictions I needed to know about:
1. He called the top in gold & silver for 2011 and the decline ever since to ultimately a low in Q1 2016.
2. He identified in Aug 2012 that the US stock markets would continue to rise (everyone was expecting a crash) and that the ultimate high would be $32 - $40K but that could either occur before 2015.75 or 2017ish. If the Dow paused and did not phase transition (into a bubble) before 2015.75, then we'd be looking at the latter scenario. He had said that by the closing of 2014 we would know with higher certainty. And at that time, he indicated that it looked like 2017ish had been elected and that US stocks had instead phase shifted to align with private assets such as gold.
3. He called for the top in oil of $100ish and decline to $35, also the closing price for 2014 precisely at $54.
4. He identified the shift to rising US dollar which has been very beneficial to me as I held US dollars instead of pesos, which have fallen against the dollar from 40 to 48. The MSM and goldbugs were pitching to us a collapsing dollar and even hyperinflation while Armstrong was predicting deflation and US economy the strongest in 2017 (with China to bottom in 2020 and start its ascent to dominate the world).
Why do you hide behind a newbie sock puppet account? Who are you on this forum formerly and what is your reputation on this forum? Or who are you in real life, what is your real name? My real name is Shelby Moore III.