The Gold Panic Cycles is Here says Martin Armstrong and we agree.
Gold The Panic Cycle is Here
Gold has opened the week in Asia with a bang – down nearly $44 at the low of $1083. This has come right on target for our Panic Cycle this week. Gold is headed sharply lower and it will break the $1,000 level and everyone will then start to look for $600-700 area.
We can see our Energy Models turned negative so a washout to the downside was in order. Everything remains on target as we move closer to the Benchmark targets. Keep in mind that many will start to refuse to sell and others will use this to claim prices should rally, as they are doing with the US Mint stopping the production of silver Eagles. This is by no means BULLISH – it will have no impact upon price.
and nobody likes a pissed off elephant in the room…… : – )
Shad…yes!!!! !
🙂
So Al, you agree…….with the panic cycle being here or the targets he talks about??
If you believe in Socrate …
What is this guy’s credibility like? What is his track record?
He seems to have an almost cult-like following online but what is his actual track record when it comes to accurate forcasting and not just generalities?
Well, he was in jail for 11 years………….. 🙂
So was Al Capone… but I wouldn’t go to Al Capone for financial planning advice.
funny………Bob……… 🙂
Bob,
Capone would ” make you an offer, you can’t refuse..”
ha,ha…………funny is funny………….
This whole thread was very funny guys : – )
It doesn’t help if people bail out at this low level. People may end up losing on both up and down. The situation is the most desperate at the low and most optimistic at the high.
There have been many panic cycles in gold. silver and gold has retraced all their gain after ZIRP and QE.
Sell at maximum optimism, buy at max pessimism. We’re closer to a buy than a sale, whether looking at the daily cycle or the monthly cycle.
Lawrence +1
@ 1000 800 comes into play, at 800, lower comes into play.
eventually 400 comes into play.
Personally, I don’t think we have even begun any “panic”.
Seems we are still chasing bounces, that’s still a Kodiak adventure.
But its not a panic.
Kodiak adventure? Is that like a kodak moment?
600$ gold and a Kodiak Bear!
AT $400 there will be no physical to purchase……….
With a billion Indians and a billion Chinese all scrambling for every piece…
Jerry –
Supply vs demand fundamentals…ALWAYS wins out……..ALWAYS…yep!!
Frank, no gold to buy at $400?
I keep saying, we don’t know supply.
We have no idea how much gold there could be at $400.
A little interesting these drops happen right after temple gold hits the market, no?
How much were in those LARGE rooms stacked full?
We don’t know.
But centuries of accumulation, there could be lots.
Check the kitco over nite chart ……gold was smashed in the middle of the USA nite, and quickly purchased Hong Kong market time and that price held, although down, only down about half the smash. The Chinese and Indians know they will have plenty of time to get all they want, for they know the western bankers plan.
Yup, they know the wests “plan”, they are part of the “plan” Frank, they have the same bank.
Any country with a central bank is part of “the plan”.
The plans my be similar, but , the Chinese have no plans on sharing anything with the American west…
The Chinese are not Jewish, and will never be Jewish…….
I think this downward flush will clear out a lot of stale bulls, apart from maybe a few guys here and elsewhere.
karl…..This is one stale bull , who has just dug his hooves in…I am one bull who is staying a bull , i have no intentions of becoming a cow…..(herding animal)
he,he…….good one Irish……….
OK…OK…OK…+1…Jerry
Yeah Irish, I can’t see you with a chest full of udders…..squirting milk……
We’d have to start calling you Irish Creme 🙂
Shad….HAHAHAHAH!!!…:)))
Jim Sinclair warned years ago to GET OUT OF THE SYSTEM (GOTS) or demand the physical certificates in your name from your brokerage.
THIS IS WHY:
Nobody owns stock. What you own is an entitlement to stock held for you by your broker. But your broker doesn’t own the stock either. What your broker owns is an entitlement to stock held for it by Cede & Co., which is a nominee of the Depository Trust Company, which is a company that is in the business of owning everyone’s stock for them.
I disagree. When you buy a stock through a broker, the certificate is held by the Depository Trust Company in the name of Cede & Co. While Cede & Co. (DTC’s nominee name) is the registered owner, they are however not the actual owner. You, the purchaser of the stock, are called the beneficial owner also known as the actual owner. The DTC is basically a custodian.
When I looked into this I found that some people (many of them fear mongers) are misrepresenting the purchaser (owner) of the stock and just calling them the beneficiary when in fact they are not the beneficiary but the beneficial owner. A beneficiary and a beneficial owner are not the same. Here are some definitions of a beneficial owner.
http://www.businessdictionary.com/definition/beneficial-owner.html
https://en.wikipedia.org/wiki/Beneficial_owner
Thanks JMiller. It is always a breathe of fresh air when I see you posting and challenging the myths. You know one thing that bothers me a lot lately is that this new theme in the gold camp has developed where the bugs insist there will be no gold available once we hit bottom. It goes along with the ever popular theme that the Chinese and Indians and Russians are mopping up all the worlds metals and us Westerners are just the dumb folks who don’t get it. But the day will come (mark my words they claim) when we hit the lows and there is no gold or silver available at any price. Is it just me having trouble with this crackpot idea?
Thanks for the complement. I also heard about there being no gold available at some point. Hard to say what is going to happen in the future but I am concerned with the financial system. And with all the debt that we have. It is only a matter of time before we have another financial crisis. How severe it will be, who knows. In the past I have recommended to people I know to be a long-term investor by having a well diversified portfolio based on ones risk tolerance. However with so much uncertainty I can’t recommend anything but a much more defensive portfolio. It was easier to just be an investor in the 80’s and 90’s but not today. With stocks at all-time highs and interest rates so low, the returns do not look to good for the investor going forward. And with the potential of a severe financial crisis in the near future it makes it more risky to have a lot in stocks and bonds. I myself am mostly in cash equivalents and precious metals. A little still in bonds which I am getting out of. Instead I decided to take a small amount of my money and do some trading like I have on a few past occasions.
When is Marty going to get himself a computer that doesn’t run on DOS?
It is ONLY PANIC if you dont understand hundreds of years of monetary history and why you have GOLD in the first place……don buy and hold if you dont understand it. It would be like slugging an elephant……..it would just hurt your hand like hell and PISS OFF the elephant…….ah, not good….:)