Can you connect the dots?
Wow, so Armstrong comes close to saying he expects a correction this fall in gold up to 60%! And this in a piece singing the praises of gold as an investment. A true contrarian. I guess the positive note is that even a 60% drop wouldn't kill the bull market, and give it a lot of energy for a really violent surge up.
Whoa - good catch RLP!
Armstrong's predicted correction up to 40% (not 60% as I wrote above) (he says gold to $1000 - $1300, but with lots of conditionals)
Not going to happen. Lindsey Williams has said gold and silver will run up 20-25% from Sept-Dec and $150 oil by November. I'm thinking $1,850-1,900 gold before the end of 2011. When the man comes out with statements assigned to time frames it inexplicably happens. So it's as good as done.
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