Loading ...I am beginning to see a very pitch black consensus developing towards gold and
Armstrong is just one of a very large crowd smugly and confidently proclaiming the death of gold and apotheosis of paper…
In any stock-bond–commodity-etc- mkt-at mkt tops, bullish arguments become irrefutable–their logic is “iron clad”-
“Step right up and buy cousin! Doncha know there’s just no way to lose!”
Same deal at bottoms! same iron clad logic…gold [or whatever] will never rise again!
Remember the death of equities magazine cover?
A famous example is a 1979 cover of BusinessWeek titled “The Death of Equities”. The ’70s had been a generally bad decade for the stock market and at the time the article was written the Dow Jones Industrial Average was at 800. However, 1979 roughly marked a turning points
If Armstrong’s so smart, why is he selling advice instead of money managing 100 bill—and what about his Socrates computer system that’s gonna solve the riddle of existence?