He has been accurate on his calls, in Gold nearest futures, charts. If you can confidently make the call that if gold don't elect the reversal at 1362 on a monthly closing basis we will see a waterfall event on gold prices and it did happen as he said it
This is complete nonsense pretending Armstrong is some type of prophet. Anyone that has ANY CLUE about the metals markets knows the ESF/FED FORCE the market into reversals at inflection points if they possibly can. Since the paper market is only one entity, this "one bank", a single player that moves the price around, Armstrong's algo is just backtested data on what this cartel is doing. But, there will come a point where this cartel is unable to do these actions anymore for whatever reason, and then gold will do the exact opposite of whatever Armstrong thinks since he was never forecasting an aggregate market in the first place.
I do not plan to be sitting on the sidelines like an idiot with zero metals when that happens. They're called "black swan events" because old men who make believe they're hot shit like Armstrong get railroaded by them and lose everything while people who just dollar cost average always win.
So what if it was forced into these reversal? The case is if you followed his blog, right then as I did you would save a lot of money. What is the point of buying gold around 1500+ d/oz line, when everone in the market said gold would be bullish, when now there is a chance it will go lower. Why not buy gold at maybe even 800's double the amount of gold bought and maybe even making money in the proces following the sell signals, (thus comming out and have more gold than before)compared to as in if you bought it in high price range.
Isn't this the whole point buying more gold?