Martin Armstrong : from 1,308 to 1,362
Am I wrong or he continues to raise the bar…?
http://www.silverdoctors.com/gold/gold-news/martin-armstrong-warns-gold-must-exceed-1362-to-suggest-change-in-trend-is-possible/
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lol, i lost 23000 last year using martins goofy metals calls. i used to swear by him. once i started ignoring him, i started to make $.
100% serious
Well there you go…a real honest first hand experience .
Thanks for the candor James
“goofy” is a great adjective for this guy
he also said gold must close above 1307 this year.. or we see a big decline.. i guess we will know by the end of the year if that holds.. not really useful information as far as trading. He has been fighting his own model the whole way up on this bull run.. his model/benchmarks nailed the lows for both gold and silver.
“The Monthly Bullish stands up at 1362. That is what we need to elect to suggest that a change in trend is possible.”
the question with that statement is what month must that occur in.. is it by the end of the year..by june.. july, august.. his information is untradable…
IE…it is Completely USELESS !
And yet his worshipers remain sidelined because he is “THE FORECASTER “
I think he is worse than just wrong this time. He was specifically saying NOT to buy gold in Dec and Jan. Yes, affirmatively saying NOT to buy it.
Moreover, I am now convinced that all the “questions” he answers on his blog are written by him so he can answer what he wants to answer and present the best picture of what he does, no matter how wrong he was. I still view him as the con man who got caught years ago for stealing from clients. Now, he just convinces people “its the computer, not him.” Guy is creative.
Throw Socrates and his advice in the dust bin. 🙂