Posted Mar 11, 2015 by Martin Armstrong
COMMENT: Marty, I wanted to express my sincere gratitude for your work. I lost more than half of my savings following the goldbugs. I saw the light and sold on this last rally you called would be a “pop”. You called the low perfectly and then nailed the very day of the high. I can see how they were after your model for it does this far more often than not. You have been the lone forecaster who said gold would decline, the dollar would soar, the euro would crash and burn and interest rates would collapse. It is all connected and thank you for showing me how the world truly functions.
I can’t wait to watch your Solution Conference. When I called for quotes on gold the day before the high, the pitch was no it was going to $40,000 by the end of this year. I said thanks. I am still a seller. I really do not know how these people are not in jail. As you said, if they were stock brokers, they would get 25 years in prison for such misrepresentations of everything. You did save my future, my marriage, my kids, and the cat. I prefer dogs, but I am the minority in my family.
REPLY: Forecasts that gold would rally in the last quarter of last year to $10,000 I heard. I did not hear they were now claiming $40,000 by the end of 2015. Sorry, but they have their head in the sand and refuse to look at the world or even contemplate how markets move. I have never seen something rise like that percentage wise. They just keep preaching this hyperinfllation without understanding what it even is. Glad you saved the family. Yes I too am more of a dog lover than a cat. To each his own.
All the best