ECON Gold Up over $30.00 Silver over $30.00 /reopened per Dennis

Zoner

Veteran Member
Listen to this short audio Armstrong posted on his blog. It is 2:49. In it his computer, Socrates, projects the pog for the next 3 years into 2027. There are also geopolitical forecasts in it as well.

 
Listen to this short audio Armstrong posted on his blog. It is 2:49. In it his computer, Socrates, projects the pog for the next 3 years into 2027. There are also geopolitical forecasts in it as well.

That's confusing. A win for the democrats? He has previously stated her actual approval rating is below 20% and that Trump will or should win in a landslide..
 

Zoner

Veteran Member
That's confusing. A win for the democrats? He has previously stated her actual approval rating is below 20% and that Trump will or should win in a landslide..
The computer is not predicting a win for the Democrats. If you listen it only tells Martin what would happen IF the Democrats win in November.
 
Martin: "A victory in November 2024 for the democrat kamala harris will result......." At 2:32 that is what I am hearing. I didn't hear if. At what point are you hearing that? Sounds more like a projection than a 'what if'. Whatever.

He also thinks gold could hit the $5000 level in 2027. I think it could hit that in the next 6 months.
 

Zoner

Veteran Member
Martin: "A victory in November 2024 for the democrat kamala harris will result......." At 2:32 that is what I am hearing. I didn't hear if. At what point are you hearing that? Sounds more like a projection than a 'what if'. Whatever.

He also thinks gold could hit the $5000 level in 2027. I think it could hit that in the next 6 months.
Well if you listened at all to Armstrong for the past year, you would know that his computer has picked Trump to win the election. So there’s that. That’s how we know that the computer means “if” the Democrat ends up in power.

The computer picked Trump to win in 2020 which he did, but it was stolen.

They called Jim Sinclair, Mr. Gold. But Jim Sinclair always looked up to Martin Armstrong when it came to forecasting the price of gold. Armstrong is saying that it will reach 5000 by 2027.
 

Doc1

Has No Life - Lives on TB
In #408 Zoner said, "The computer picked Trump to win in 2020 which he did, but it was stolen."

Indeed it was and the lack of reaction by the American electorate ensures that it will be stolen again. Think about it. American conservatives couldn't and didn't raise anything like the ruckus that ANTIFA and BLM did just a few years ago. That easy theft of the 2020 election has to have the evil cabal thinking, "That was easy."

Zoner went on to say, "He also thinks gold could hit the $5000 level in 2027. I think it could hit that in the next 6 months."

Perhaps. My slightly more near-term prediction is for $3000 Au by Christmas. We shall see.

Best
Doc
 

CaryC

Has No Life - Lives on TB
Snippet, a lot more at link with graphs and everything:

Saudi Central Bank Caught Secretly Buying 160 Tonnes Of Gold In Switzerland​

by Tyler Durden
Sunday, Sep 15, 2024 - 06:00 AM
Authored by Jan Nieuwenhuijs via Money Metals,
The Saudis have joined other Asian countries in ditching their long-term sensitivity to the gold price. Evidence suggests the Saudi central bank has been covertly buying 160 tonnes of gold in Switzerland since early 2022, contributing to the current gold bull market.

 

Southside

Has No Life - Lives on TB
Another $2,600 touch, and brought right back down.

Look on a 20 year chart. There is a cup and handle formation that was from 2011 till 2018. Bottom of $1,150, and a top of $2,050. Gives a $3,000 intermediate top. And soon. The overall run should get above $8,000.

Time will tell.
 
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Hfcomms

EN66iq
The government and central bank has two choices. Either inflate or default. All governments choose to inflate. The Fed is in a debt trap and can never raise again so they will sacrifice the currency in the meantime as the government can't afford the relatively high interest payments on the debt and it is also decimating the banks with the higher rates.

So by sacrificing the currency gold and silver benefit. To begin with gold will hold it's value by going up in dollar terms as the dollar continues to go down and when the real gold 'rush' starts there will be a flood of not only people but institutions trying to get into it and when that happens real supply and demand takes over. It will be a cash and carry market and at some point gold may meet or even exceed it's fair value at least in purchasing power.
 

West

Senior
Things have been moving for the PMs market as of lately.

I recal that for over two decades of me watching the PM markets over a decade ago....

Times are good. In the 90s a $.10 move in AG or a $1. move in AU was good news!
 
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Scheckman on Liberty and Finance says he expects the PM market to be very different by Halloween, in supply, price, and premiums. He has some big buyers moving back in to buy. His view is that buyers around the world no longer care about the shenanigans on the Comex or LBMA (which is now controlled by China I think?).
 
Futures (finviz.com):

View attachment 499693

I will not be surprised even a little if Au breaks $3,500 by 2025Q1
Andrew McGuire said the same thing based on the next step up the Russians want. The entire thing about the BRIICS, as I heard defined by a Russian finance minister or some such (it was months ago), BRIICS has formed to get HONEST pricing in the commodity markets, and get away from the onerous SWIFT fees on every transaction.

Silver is now coming out of the ground at about 8 to 1. Half of what it did 30 years ago. Take that $2600, or $3500 and divide by 7, or 15, or 25 to get an appreciation of where silver should be in a real honest physical market, not the paper fraud the world has been forced to endure for 4 decades.
 
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Sub-Zero

Veteran Member
The government and central bank has two choices. Either inflate or default. All governments choose to inflate. The Fed is in a debt trap and can never raise again so they will sacrifice the currency in the meantime as the government can't afford the relatively high interest payments on the debt and it is also decimating the banks with the higher rates.

So by sacrificing the currency gold and silver benefit. To begin with gold will hold it's value by going up in dollar terms as the dollar continues to go down and when the real gold 'rush' starts there will be a flood of not only people but institutions trying to get into it and when that happens real supply and demand takes over. It will be a cash and carry market and at some point gold may meet or even exceed it's fair value at least in purchasing power.
Or, write it down like Greece.
 
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