Will Gold Reach 5000+? 809
Armstrong believes that gold is NOT a hedge against inflation but rather a hedge against a loss of confidence in government. There is a difference, and Martin does a good job explaining it. He is reiterating his latest papers in stating that a loss of confidence in the government sector is coming soon if not here already.
He gives a complete technical update for gold stating:
“I have provided the technical analysis on Gold based on a monthly chart. The first real resistance is formed by the Primary Channel that shows $1,350 - $1,750 between 2010 and 2012. this represents still a plain old normal technical move with nothing that would reflect a meltdown. It is breaking this overhead resistance where it becomes support that we enter in the “danger zone” of a true meltdown in PUBLIC CONFIDENCE.
Most of the projected resistance from the major low back in 1999, shows various targets from $1,700 to $2,750. However, if gold exceeds this level and it too forms the subsequent support, now we are looking at the $3,500 to $5,000 target zone. This is where we see the potential for Gold is a true economic meltdown of CONFIDENCE.”
http://fofoa.blogspot.com/2009/08/no-free-lunch.html
Bron writes...
Here is the problem though, kids. Most mature investors retain their life savings fully invested within the financial industry, denominated in dollars, and will not get off these tracks even when they see the train coming. They will stay there because it is impossible for them to believe they occupy the wrong position! Who can blame them or call them fools? They have been trained their whole life to believe in saving for the future inside of a monetary system that serves no purpose other than as a medium of exchange.
Worse, they perceive that all of their assets are correctly valued by this system that does not care about the value of a digit. How can they possibly be correctly valued in a system that only functions properly as a medium of exchange, not a store of value? How can assets meant to be stores of value be correctly valued when denominated in a unit whose value DOESN'T EVEN MATTER in the context of its primary function? They can't. They shouldn't. They aren't. And soon this FACT will be known by everyone.
I would add.
When the economic and geopolitical stress behind the scenes become explicit and overt
and when Japan and then the gulf States, one by one, move to reorder their monetary systems by way of a tilt to regional currencies and a dollar depeg, gold will move.
And considering the size of the bond market, which rests entirely on the US treasuries, a mad rally in equities in spite of fundamentals might be expected if smart money was sensing the inevitability of hyperinflation.
We are not there yet..but.
Showing posts with label armstrong. Show all posts
Showing posts with label armstrong. Show all posts
30 August 2009
4 July 2009
One thing about Martin Armstrong, he is well read!
Martin Armstrong – The Counter Revolution of Iran…
Subtitled, “Is This the Start of a New Global Revolution? Contagion Part II,” Armstrong dives into the current events in Iran and relates them to HISTORY and to the REST OF THE WORLD.
Contagion, it may begin in the financial world, but it soon turns into what I call the “other events that tend to follow times of economic upheaval.” You know, civil disobedience, civil unrest, civil war, high levels of crime, and even outright war. Are we on that path now? Martin addresses these “other events,” so put on your thinking cap and enjoy the read.....
http://economicedge.blogspot.com/2009/07/martin-armstrong-counter-revolution-of.html
Subtitled, “Is This the Start of a New Global Revolution? Contagion Part II,” Armstrong dives into the current events in Iran and relates them to HISTORY and to the REST OF THE WORLD.
Contagion, it may begin in the financial world, but it soon turns into what I call the “other events that tend to follow times of economic upheaval.” You know, civil disobedience, civil unrest, civil war, high levels of crime, and even outright war. Are we on that path now? Martin addresses these “other events,” so put on your thinking cap and enjoy the read.....
http://economicedge.blogspot.com/2009/07/martin-armstrong-counter-revolution-of.html
22 April 2009
Hommel on Armstrong ~ An outsider on a guy locked inside
We think Hommel can be discounted, somewhat. He sent me a silver oz once, no strings, that counts for a lot. NK
Last week, I reported my opinion that the moneylenders in control of the government are both incapable of stopping the silver fraud taking place, and unwilling. Many people think they are deliberately trying to destroy this nation. No, they are not that smart or purposefully devious. They are deliberately trying to line their own pockets, without one care about whether this harms this nation, or not. Or, even worse, they probably think they are doing the right thing, as even criminals justify their behaviors, as even Al Capone, famous bootlegger and crime boss thought he was merely serving the public interest of people who wanted to drink alcohol.
This week, I was given direct evidence that my opinion was right. I received a first hand account by Martin A. Armstrong, who writes from prison to expose the corruption of our financial system. Martin was beaten in his jail cell within an inch of his life, and afterwards, had the courage to expose everything he could.
To characterize Martin's report, it's as if the current financial system is a very large airplane, full of holes, crashing to earth at horrific speed, but those in power continue to wildly shoot their fellow passengers, and tear more holes in the plane, as they continue to jocky for position for the best seats in first class. Nobody in power is even thinking yet of dashing for the few remaining parachutes, being silver and gold.
It's as if those who are in charge are the decendants of the decendants of the decendants who set everything up, and are squandering their inheritance, because they have all totally forgotten that silver and gold are the only real money, and in short supply. They would know that silver and gold are in short supply if they paid any attention to fundamental analysis, but they do not.
Martin writes that the current establishment abandoned fundamental analysis decades ago, which is why so few listen to people like him, or even have the ability to listen to to the fundamental analysis that I have continued to present for the past ten years.
Martin says they care more about the control of predictions, than the reality of the predictions.
With that, here's Martin's report. Please pray for Martin's safety, and for the safety of my family as well. The people in power that Martin exposes are dangerous, and increasingly desperate people, who are even turning on their own.
Please read Martin's 17 page report. It's well worth your time. It's a real eye opener.
Looking Behind the Curtain
The "Real" Conspiracy
April 9th, 2009
http://www.silverstockreport.com/2009/Armstrong.pdf
Last week, I reported my opinion that the moneylenders in control of the government are both incapable of stopping the silver fraud taking place, and unwilling. Many people think they are deliberately trying to destroy this nation. No, they are not that smart or purposefully devious. They are deliberately trying to line their own pockets, without one care about whether this harms this nation, or not. Or, even worse, they probably think they are doing the right thing, as even criminals justify their behaviors, as even Al Capone, famous bootlegger and crime boss thought he was merely serving the public interest of people who wanted to drink alcohol.
This week, I was given direct evidence that my opinion was right. I received a first hand account by Martin A. Armstrong, who writes from prison to expose the corruption of our financial system. Martin was beaten in his jail cell within an inch of his life, and afterwards, had the courage to expose everything he could.
To characterize Martin's report, it's as if the current financial system is a very large airplane, full of holes, crashing to earth at horrific speed, but those in power continue to wildly shoot their fellow passengers, and tear more holes in the plane, as they continue to jocky for position for the best seats in first class. Nobody in power is even thinking yet of dashing for the few remaining parachutes, being silver and gold.
It's as if those who are in charge are the decendants of the decendants of the decendants who set everything up, and are squandering their inheritance, because they have all totally forgotten that silver and gold are the only real money, and in short supply. They would know that silver and gold are in short supply if they paid any attention to fundamental analysis, but they do not.
Martin writes that the current establishment abandoned fundamental analysis decades ago, which is why so few listen to people like him, or even have the ability to listen to to the fundamental analysis that I have continued to present for the past ten years.
Martin says they care more about the control of predictions, than the reality of the predictions.
With that, here's Martin's report. Please pray for Martin's safety, and for the safety of my family as well. The people in power that Martin exposes are dangerous, and increasingly desperate people, who are even turning on their own.
Please read Martin's 17 page report. It's well worth your time. It's a real eye opener.
Looking Behind the Curtain
The "Real" Conspiracy
April 9th, 2009
http://www.silverstockreport.com/2009/Armstrong.pdf
20 April 2009
The 1997 Silver price manipulation
Some interesting comments regarding the 1998 silver price manipulation made by Martin Armstrong in “look behind the curtain, April 9, 2009”
During the late 1970s, the silver market was claimed to be "cornered" by the Hunt Brothers. That was far from true, for what they failed to understand, was that the attitude of the major brokerage houses was not that you were a pure trader-customer, but someone to pick—off for profit. During the 1980s, I had to take on some hedging projects that were awesome. One was in platinum. When you are the largest trader in a narrow market, they watch everything you do. If I was to sell, they assume the whole lot is being sold and jump in front. You suddenly find yourself trapped. I was a witness to the Hunt collapse. They couldn't get out of the market at any price. The dealers were selling in front of them taking short positions looking to buy back when the Hunts were in a state of panic dumping at any price.
I learned early on that to professionally hedge, one had to navigate the brokers. The only way to deal with them, was to play one-off-against-another, use related markets to confuse and hide your strategy, or else fall prey to the Investment Bankers. In other words, if you had a large position of gold that you wanted to sell, you go to a broker asking for a market in silver. He gives you a quote, and you then buy taking what will become an intentional loss. You go back to the same broker and now ask for a quote on the real market you are trying to sell - gold. He will anticipate you intend to buy because of the silver, shifting the quotes to pick up extra profit assuming you are a buyer. when you sell the gold, you just got a higher bid, you are out of the position, and he is scrambling to cover with other brokers. If you hit all the brokers the same way at precisely the same time, they are all now short, and are trapped trying to get out selling back gold that they just bought from you.
These games are at times necessary in the cash markets because the brokers themselves are not satisfied with just making a real market. They need to create an edge. So when you are the 800 pound gorilla, you need defensive measures. It helps to understand the method to the madness of the game.
The market manipulations that really began back in the 70's with force, became intermixed among the Investment Bankers with technology. we began to see grouping of houses by the later 1980s and early 1990s. Perhaps at first, they were looking for another Hunt. They needed to sell some billionaire on the virtues of cornering and manipulating a market.
The first real coordinated scheme began back in 1993 that I could verify. The target market was silver, and the central player, broker-dealer, was Phillips Brothers who were a big commodity outfit in Connecticut, picked up by Salomon Brothers who was later absorbed as well. This ms known as PhiBro of the same fame relating to Marc Rich.
PhiBro had a huge client who they were acting for to buy up the silver market in 1993. This was an aggressive professional strategy. The Commodity Futures Trading Commission could easily see where the buying was centered in real force. They went to PhiBro demanding to know who their client was. PhiBro refused to give up the name. The CFTC ordered PhiBro to just get out of the market. They did. They just dumped everything at the market wiping out small investors in the blink of an eye.
The CFTC just walked away. Had this been a small broker or money manager, he would have been criminally prosecuted. But the CFTC is notorious for never even once bringing a complaint against a major house. The sources I relied upon, gave me the name of the client —Warren Buffett. Based upon this information and belief, when his name came up again in 1997, it is not a shock.
---
We kept track of what the "club" was doing and warned our clients whenever their antics were conflicting. One of the big ones that blew the lid off, was again silver. In 1997, I warned that silver was going to rise from $4 to $7 between September and January 1998. I was even invited to join them, and told to stop fighting, and put out false forecasts. I declined. Their strategy became insane.
At first, a friend of mine who had been Prime Minister Thatcher's economic advisor became a board member of AIG in London. He called one day and asked if he could drop in to Princeton the next morning when he arrived from London. I naturally said OK. To my surprise, he arrived with the head trader from AIG London who then proceeded to try to convince me to stop talking about the manipulations. I told him I would not ever reveal any names, and the government didn't care anyway.
Things got insane thereafter. An analyst on the payroll of PhiBro had a main contact at the Wall Street Journal. They decided to slander me and get the press to target me claiming I was trying to manipulate the market. It was an interesting strategy, but one I cared nothing about since I was primarily a institutional and corporate advisor, and they were not really interested in silver.
The journalist from the Wall Street Journal called me. He accused me of this nonsense and we argued. It got quite heated. He said if silver was being manipulated, then give him the name. I told him he wouldn't believe me anyway. He demanded the name and so I said fine, go ahead, let me see you print it, knowing he never would. The name I gave him was Warren Buffett. He laughed. Told me everyone knew Buffett did not trade commodities I told him that was how much he knew.
The Wall Street Journal published the article. The London newspapers were fed stories by the "Club" that I was now the largest silver trader in the world. This became all a joke to me. Even the CFTC could look at positions and knew I was not a big player in silver.
The mistake made by the "Club" by turning out the press against me, was they actually created such a worldwide story that the CFTC was forced to call me. They knew I was not the source. They asked me, where was the manipulation taking place? I told them it was in London, out of their jurisdiction. They told me that they could pick up the phone and find out. I told them that they had to make that clear decision. I hung up. Never did I expect that they would really do anything.
A few hours later, my phone rang. It was a good source in London who also was helping to monitor the "Club" actions. He told me that the Bank of England had called an immediate meeting of all silver brokers in London in the morning. I was shocked. The CFTC had made the call. But then again, I had given them no names so perhaps in their mind, this was fair game.
Within the hour, Warren Buffett made a press announcement. He admitted he had purchased $1 billion worth of silver, in London. He denied he was manipulating the market. Claimed the silver was a long—term investment. Everyone was shocked that Buffett was suddenly exposed as a commodity trader after all The next day, the wall Street Journal called me. The writer asked — "How did you know?" I told him it was my job to know! Silver thereafter declined and made new lows going into 1999. So much for the long-term investment.
---
There have been major manipulations of markets such as rhodium and then there was the manipulation of Platinum. Cornering a supply is far too risky. What the "club" did was to join forces with Russian politicians. The deal struck was to recall the Russian supply of platinum to suddenly take an inventory. Platinum soared in price. Of course the long positions were already laid in before the announcement. Russia had never before recalled its entire supply to take an inventory. Nevertheless, it worked. They were able to force platinum up for the auto—industry were buyers. At the top, the "club" sold their long positions, reversed into short positions, and then instructed the Russians to end the inventory. Platinum crashed. Even Ford Motor Company sued over that one.
http://www.24hgold.com/english/contributor.aspx?contributor=Silver%20Price%20Management&article=1990864518G10020
During the late 1970s, the silver market was claimed to be "cornered" by the Hunt Brothers. That was far from true, for what they failed to understand, was that the attitude of the major brokerage houses was not that you were a pure trader-customer, but someone to pick—off for profit. During the 1980s, I had to take on some hedging projects that were awesome. One was in platinum. When you are the largest trader in a narrow market, they watch everything you do. If I was to sell, they assume the whole lot is being sold and jump in front. You suddenly find yourself trapped. I was a witness to the Hunt collapse. They couldn't get out of the market at any price. The dealers were selling in front of them taking short positions looking to buy back when the Hunts were in a state of panic dumping at any price.
I learned early on that to professionally hedge, one had to navigate the brokers. The only way to deal with them, was to play one-off-against-another, use related markets to confuse and hide your strategy, or else fall prey to the Investment Bankers. In other words, if you had a large position of gold that you wanted to sell, you go to a broker asking for a market in silver. He gives you a quote, and you then buy taking what will become an intentional loss. You go back to the same broker and now ask for a quote on the real market you are trying to sell - gold. He will anticipate you intend to buy because of the silver, shifting the quotes to pick up extra profit assuming you are a buyer. when you sell the gold, you just got a higher bid, you are out of the position, and he is scrambling to cover with other brokers. If you hit all the brokers the same way at precisely the same time, they are all now short, and are trapped trying to get out selling back gold that they just bought from you.
These games are at times necessary in the cash markets because the brokers themselves are not satisfied with just making a real market. They need to create an edge. So when you are the 800 pound gorilla, you need defensive measures. It helps to understand the method to the madness of the game.
The market manipulations that really began back in the 70's with force, became intermixed among the Investment Bankers with technology. we began to see grouping of houses by the later 1980s and early 1990s. Perhaps at first, they were looking for another Hunt. They needed to sell some billionaire on the virtues of cornering and manipulating a market.
The first real coordinated scheme began back in 1993 that I could verify. The target market was silver, and the central player, broker-dealer, was Phillips Brothers who were a big commodity outfit in Connecticut, picked up by Salomon Brothers who was later absorbed as well. This ms known as PhiBro of the same fame relating to Marc Rich.
PhiBro had a huge client who they were acting for to buy up the silver market in 1993. This was an aggressive professional strategy. The Commodity Futures Trading Commission could easily see where the buying was centered in real force. They went to PhiBro demanding to know who their client was. PhiBro refused to give up the name. The CFTC ordered PhiBro to just get out of the market. They did. They just dumped everything at the market wiping out small investors in the blink of an eye.
The CFTC just walked away. Had this been a small broker or money manager, he would have been criminally prosecuted. But the CFTC is notorious for never even once bringing a complaint against a major house. The sources I relied upon, gave me the name of the client —Warren Buffett. Based upon this information and belief, when his name came up again in 1997, it is not a shock.
---
We kept track of what the "club" was doing and warned our clients whenever their antics were conflicting. One of the big ones that blew the lid off, was again silver. In 1997, I warned that silver was going to rise from $4 to $7 between September and January 1998. I was even invited to join them, and told to stop fighting, and put out false forecasts. I declined. Their strategy became insane.
At first, a friend of mine who had been Prime Minister Thatcher's economic advisor became a board member of AIG in London. He called one day and asked if he could drop in to Princeton the next morning when he arrived from London. I naturally said OK. To my surprise, he arrived with the head trader from AIG London who then proceeded to try to convince me to stop talking about the manipulations. I told him I would not ever reveal any names, and the government didn't care anyway.
Things got insane thereafter. An analyst on the payroll of PhiBro had a main contact at the Wall Street Journal. They decided to slander me and get the press to target me claiming I was trying to manipulate the market. It was an interesting strategy, but one I cared nothing about since I was primarily a institutional and corporate advisor, and they were not really interested in silver.
The journalist from the Wall Street Journal called me. He accused me of this nonsense and we argued. It got quite heated. He said if silver was being manipulated, then give him the name. I told him he wouldn't believe me anyway. He demanded the name and so I said fine, go ahead, let me see you print it, knowing he never would. The name I gave him was Warren Buffett. He laughed. Told me everyone knew Buffett did not trade commodities I told him that was how much he knew.
The Wall Street Journal published the article. The London newspapers were fed stories by the "Club" that I was now the largest silver trader in the world. This became all a joke to me. Even the CFTC could look at positions and knew I was not a big player in silver.
The mistake made by the "Club" by turning out the press against me, was they actually created such a worldwide story that the CFTC was forced to call me. They knew I was not the source. They asked me, where was the manipulation taking place? I told them it was in London, out of their jurisdiction. They told me that they could pick up the phone and find out. I told them that they had to make that clear decision. I hung up. Never did I expect that they would really do anything.
A few hours later, my phone rang. It was a good source in London who also was helping to monitor the "Club" actions. He told me that the Bank of England had called an immediate meeting of all silver brokers in London in the morning. I was shocked. The CFTC had made the call. But then again, I had given them no names so perhaps in their mind, this was fair game.
Within the hour, Warren Buffett made a press announcement. He admitted he had purchased $1 billion worth of silver, in London. He denied he was manipulating the market. Claimed the silver was a long—term investment. Everyone was shocked that Buffett was suddenly exposed as a commodity trader after all The next day, the wall Street Journal called me. The writer asked — "How did you know?" I told him it was my job to know! Silver thereafter declined and made new lows going into 1999. So much for the long-term investment.
---
There have been major manipulations of markets such as rhodium and then there was the manipulation of Platinum. Cornering a supply is far too risky. What the "club" did was to join forces with Russian politicians. The deal struck was to recall the Russian supply of platinum to suddenly take an inventory. Platinum soared in price. Of course the long positions were already laid in before the announcement. Russia had never before recalled its entire supply to take an inventory. Nevertheless, it worked. They were able to force platinum up for the auto—industry were buyers. At the top, the "club" sold their long positions, reversed into short positions, and then instructed the Russians to end the inventory. Platinum crashed. Even Ford Motor Company sued over that one.
http://www.24hgold.com/english/contributor.aspx?contributor=Silver%20Price%20Management&article=1990864518G10020
Subscribe to:
Posts (Atom)