Mmm, hmm. Yes, even though I look rather favorably on Armstrong's ideas (even where I disagree, at least somewhat [gold])
I guess you saw this (~March low for gold < $850 still on tap) and I am expecting a possible collapse in crypto currency then too (but not certain that the gold model applies also to crypto assets yet I think it does since it is essentially the same market for alternative private assets and the first to be sold in a liquidity contagion coming apparently in March):
Naturally, the gold promoters are out in force. The problem with their theories has always been that they are dead wrong. The REAL BULL MARKET will see the metals rise with equities. Right now, they focus on the stock market and yell buy gold because a depression is here. Here wee need to see a weekly closing above the 1143 level to raise any hope of a temporary low. Without that, we have a [potential] turning point in February which can be a high with a low moving into the next Benchmark target. A closing for January below the 1103 level will warn there is inherent weakness still lingering within this market. Next month, watch the 1097 level for that is key support. Break that and its looking into a low into the second benchmark.
TPTB
Naturally I'll be watching like a hawk (yes, I have seen a couple of his blog posts re gold). But, let's say Armstrong is right about his gold predictions (under $850 soon, later $5000). Would I be hurt when gold goes to $800 or $600?
No. It would be good, as future income arrives, I get more for my US$. I am not selling even if Au goes to $100, or even $20...
And if it goes to $5000? Will I sell?
No. I am not holding gold just to sell it in waves (that I have proven I have no ability to ride).
For me, gold is insurance against .gov malfeasance. Protection/insurance. Perhaps a lottery ticket if FOFOA is right (yes, I remember you mentioned that you tangled with him).