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.
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.
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.
ReplyDeleteLol...Wynter Benton
ReplyDeleteWhoa - good catch RLP!
ReplyDeleteArmstrong's predicted correction up to 40% (not 60% as I wrote above) (he says gold to $1000 - $1300, but with lots of conditionals)
ReplyDeleteNot 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.
ReplyDelete