Loading ...Armstrong on Saudi
You all know how I feel about Armstrong’s TA….
BUT…this is some FA which “sounds” interesting
Saudia Arabia to Sell All US Assets as Congress Overrides Obama Veto
I know I know its Not TA but once in a while ….you know….we gotta look at some real world trends too
Anybody think this is valid analysis?
Dropping the petrodollar will really set off the fireworks if the Saudis are pissed off enough
Saudi ranked 14 in 2015 in terms of gold reserves @ 323 tons Imagine the 750 usd billion proceeds from USD asset sales flowing back to gold…another 19,480 tons of shiny yellow @1320 usd ?
Ah gee ..look what I started ….Tin Foil hats on ?
Rollover! 🙂
https://www.youtube.com/watch?v=GPYLJoq_40Y
personally, and as a lawyer, I think it is a very simplistic view. There are MANY ways to shield assets from suit, and there are many ways the govt can still prevent any action from actually following through to a verdict. So, I don’t think the Saudi’s are too worried.
BTW – how do you take him seriously on anything? Recently, I saw him post that “his computer is never wrong – – other than when there is manipulation.” I mean .. come on.
Really ?
Ha….That’s interesting as he always says there is no manipulation
🙁
You gotta go a bit deeper Fully.
My understanding of MA’s position on ‘manipulation’ is that it is always present, but that long term cycles(as in years)prevail eventually. This is the first article on manipulation that came up in a search of his blog………
https://www.armstrongeconomics.com/qa/market-manipulation-confusion/
Here’s a few bits that I’ve cherry picked in case you don’t want to read the whole script:
“…..Of course, governments have tried to manipulate society and the economy. All governments operate out of their self-interest and impose punishment as their weapon. They falsify the statistics, revising them routinely, especially CPI after learning that everything is indexed to CPI.
“…….There is a HUGE difference from claiming these private persons or governments CAN manipulate everything indefinitely and realizing that no matter who they are they CANNOT perpetually manipulate society or the economy”
“……..the business cycle will ALWAYS win, even against the goldbugs when they try to defy its existence as Marx, Keynes, and Stalin did. Nobody has ever defeated the business cycle”.
Hi Illusion…good to see you
Thanks…so….Marx and Stalin were Goldbugs…that explains Marty’s distain for this lowlife subset of humanity
🙂
Cheers.
Good thing there’s no Goldbugs around here eh………just dispassionate traders responding without prejudice to chart signals 😉