Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
unwashed
on 08/07/2019, 16:19:34 UTC
Hey Guys, was curious when I found this and thought I'd contribute a little. I'd been reading MA since about 2009 and read his essay's while he was in jail which I'd regret to say had a more humble, down to earth and honest feel, I guess prison would do that to you. But nonetheless it was better IMO. He also had another website while in prison that I put my name on a mailing list, it was very basic and not well keep up but did have a contact email on it. He always put essay's out for gold and only used Comex market for his analysis which I thought was strange. I was at the time trading gold through my FX broker and E-signal charting with a FX feed which gave me the whole 24 hr gold market (Comex, Asia and London). I'm very reliant TA, always have, anyway I was getting more correct signals on my TA/e-signal then his published  essay's, so I decided to email him not really expecting him to write back. I asked, why he only uses the comex market when gold was a 24 hr global market and my TA seem to be more on point. Well, to my surprise I got an answer which he stated, You have to pick a point in time. Granted he was still in prison and shrugged it off as he doesn't have all the tools needed to work.

Since then I made mental notes and observation to see how they pan out, nothing scientific but enough to say my own strategy and TA works better for me. I since still read him and only act on his advice if it lines up with what I'm seeing for myself. I do not day trade but did right before the dot com burst, now buy and hold and swing trade my own account. I never was a professional.  

One last observation, I did attend the 2015 WEC and they setup a forum for all attendees which I participated in. After the wec in Dec 2015 MA called for gold to go down below the 1k mark but my TA was saying otherwise and express so on the forum. I believed it bottomed. I wasn't alone, there was an Asian female who also was stating the same observation. We both tried to convince everyone of what we were seeing cause, OMG, everyone was going short on his forecast. Well, I took a long position and so did the Asian female. The after math wasn't a pretty site. Pull up chart for dec/jan 2015 gold chart and see for yourself.  Gold rallied from 1062 to 1375.

I wouldn't at this time call him a fraud since you would have to call everyone who claims they have a winning strategy a fraud also. But I am just an regular guy with no back ground in software, engineering or computer science.