Quote from: MA_talk on April 23, 2020, 06:14:26 PM

Quote from: trulycoined on April 22, 2020, 02:21:32 PM

The other hilarious thing is MA claiming his machine predicted COVID-19 and the ensuing economic carnage it has caused. Yet again, that same (cycle?) playbook is rolled out where MA claims his machine predicted the event - but only AFTER it happened. The very same thing happened with the REPO crisis in September, which alas saw an expensive "report" available to buy. The same thing with COVID-19, only this time a virtual webinar is being hosted, because the virus has brutally cancelled MA's only pay cheque this year.

Having attended his 2018 WEC in Orlando, I can you tell you this:

The main prediction from 2020-2024 was for a COMMODITY BOOM, where CA and AU would be the big winners over other major Western economies. Based on a massive decline in consumer and therefore business demand in the coming years, both because of unemployment/bankruptcy and simply permanently changed behaviours, that now seems unlikely. Oil has been declining since 2014 and it looks unlikely that trend will reverse, not least with renewables becoming more mainstream.

At the 2018 Orlando WEC, not once did MA mention:

2020 would see an economic crash that would be as historic as 1929
Oil futures would turn negative for the first time in history
Major economies would see the highest increase in unemployed in history
That this would all be caused by an overreaction to an unknown virus

...

Thank you for your precious review. I checked the date of Armstrong's commodity boom post on financialsense.com, and it was "right on target", exactly landing at the PEAK of $CRB index. As I have said many times, you gain a LOT more money by trading AGAINST Armstrong's advice. For Armstrong, I'm sure he can twist his words and brains and convince readers of all kinds that

a commodity boom means NEGATIVE crude oil price!

That should go into historical failures of predictions made by anyone. A boom is a NEGATIVE price?!

FinanacialSense was dead wrong on tons of things as well around the 2008 crash (which is why I stopped listening shortly after).
Puplava and company were making fun of people for buying treasury bonds. A few weeks later they said they were then buying treasury bonds. They also were very bullish on junior mining stocks, which then plummeted like crazy.
Puplava at one point also claimed his favorite investments were corn, natural gas and silver. All were much, much lower a year later.
Eric King should be added to the list of "experts" who have given some really crappy financial advice.

Honestly, the fact financialsense even has Armstrong on should tell you a bit about it.