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August 1, 2015 | C$ Elects Monthly Bearish

Martin Armstrong

Martin Arthur Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

IBCDVC-M 8-1-2015

The C$ fell sharply against the US dollar confirming our computer forecast for a rising US dollar completing the trend to initiate a deflationary cycle in the USA post 2015.75. Basis the cash, the US dollar closed ABOVE the 1008 high showing we are moving beyond the crisis level felt during the 2007-2009 Panic.

The Greenback closed against the C$ settling on the cash at 13088 above the 2008 high. We show resistance at the 13346 level with key resistance at 13535-13590 zone. This is the real critical area for exceed that warns of a possible further rally up to the 13900-14200 level with a gap there after to 14900 followed by 15900.


The higher the Greenback, the greater the debt crisis outside the USA which will drive the flight to quality into the USA. When that peaks most likely as early as 2017, look out for what follows.

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August 1st, 2015

Posted In: Armstrong Economics

One Comment

  • Avatar Me says:

    Ehem, being as smart as you are Mr Armstrong, and I know for sure you are smart.., Would you really call the flight to the US (or actually to the USD); “a flight to quality”? Or would you just call it a flight to whatever is going up at the moment?

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