Loading ...Armstrong is no dummy with TA and very keen on economics.
Personally I WONDER if he’s a closet GB. Then think he’s working for the Boyzzz.
The reason I think that is because he strongly feels that the final high will be dependent on the low or ideal low. Lol He’s just gotta see that ideal low to push gold to the higher high.
He’s been right on with sectors like DOW but seems to jump around with the PMs.
Joe is just posting his blogs but I can see why people can react with because MA bearish doom for gold seem to come out every time the Bulls have it. It distorts people focus.
As you can see with my last post MA said we’ll see highs in 2017 but now he’s saying we’ll see lows.
He has done that more than once like saying a high in 2015 then a low, then a high in 2017 then a low he doesn’t know any more than the current trend and economic atmosphere. So then I think does he want it to move into bearish TA? Other sectors seem to be a little more predictable. I can see why people can wonder if he’s trying to push it down by attacking or discouraging GBs. Id like to think the aforementioned that he’s so bent on his ideal low he will ignore all cues it’s not going the way he planned. But then that’s not even making sense anymore because why would he be bullish at first then switch to bearish? I think I remember reading he said 2018 gold would be taken down.
Well.. What we have to watch beside current state of affairs is the Fed dragging its feet the first half of the year while gold creeping up then may pounce as Trump starts putting people to work on the wall and infrastructure plus other companies coming in with May give the Feds ammo to raise rates. Top analysts are predicting the will start raising rates mid year then every quarter in 2018. With things like that MA can switch from bull to bear. That would be dependent on what reaction it would cause on PMS or even if the predictions are right.