Howestreet.com - the source for market opinions

ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

November 27, 2015 | Gold & the Dollar Surge

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.

Gold-Room-Fort-Knox

A ton of emails are flooding in asking what to do with gold since it made new lows after yet another false rally. I appreciate all the people who have been hurt by the goldbugs. Just remember, what goes up MUST come down. Even if gold reached the $5,000 level, it may do so for one nanosecond. Whatever the high it will not rise to such a level and stay there. We are looking at the collapse of the world monetary system. This will be a transition trade only.

If gold closes below the 1043 level at year end, you can bet on new lows next year in 2016. We will most likely see a real surge in the dollar yet with the Euro collapsing. So pay attention also to the year-end closing for the Euro. If that is under 10365, the dollar surge is underway.

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.

November 27th, 2015

Posted In: Armstrong Economics

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site

*
*

This site uses Akismet to reduce spam. Learn how your comment data is processed.