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A GOLD AND SILVER BOTTOM MAY BE
IN
We see the surface yet think it
the whole; then discuss for hours what we think that we know
If a stock has "bottomed out", it means it might have reached
its low point and could be in the early stages of an upward trend. Investors
usually see a bottom as an opportunity to purchase securities when they are
potentially underpriced.The bottom is used in technical analysis by defining
the lowest level of support when charting a stock, commodity, index or
economic cycle. http://www.investopedia.com/terms/b/bottom.asp
Last July, über market-timer Martin Armstrong predicted a gold
bottom could happen between November 30th and December 7th
or, during a certain week in early 2016 (known to his subscribers); and
because I believe silver is subject to the same market forces as is gold,
i.e. manipulation by the paper money cabal vs. free market supply and demand,
a silver bottom would be in as well.
Because of Armstrong's reputation for accurately calling market turns (he
predicted the 1987 stock market crash, the 1989 top of the Japanese Nikkei,
etc.), I am always interested in Armstrong's predictions; and, as December
approached, on November 24th, an article in MarketWatch, The
case for why gold may finally be nearing a bottom supported
Armstrong's prediction of gold nearing a bottom.
In that article, George Milling-Stanley, head of gold investment strategy
at State Street Global Advisors wrote:
With gold trading near its lowest level since early 2010 [$1,075.00]
and on track to log a third straight year of losses, it's apparent that
sentiment toward the precious metal is bearish, but that doesn't mean that
prices are destined to see a sustained move lower.gold should
find solid support about $1,050 an ounce"
Then, between November 30th and December 7th
as Armstrong had predicted, Rick Ackerman of Rick's Picks wrote that a gold bottom
could be in. On December 3rd, in his article, Gold Inches
from a Major Support, Ackerman noted that gold-then at
$1,049.80-was inches from a possible bottom.
I hold Rick Ackerman (Rick's Picks)
analytical skills in extremely high regard. Because of Ackerman, I had
profitably exited a previously-losing position in Agnico-Eagle warrants at
the top of gold's extraordinary 35% 2-month surge in 2006.
In my article Timing
The Gold Bull, I wrote of my experience with Ackerman and his
"hidden pivots" strategy.
Using a technical model Ackerman based on 'hidden-pivots', Ackerman
predicts tops and bottoms, i.e. turning points, for all markets, i.e.
commodities, treasuries, stocks, etc; and, in 2006 we had an opportunity to
see what Ackerman's hidden-pivots could do.
In 2006, we were holding warrants issued by Agnico-Eagle Mines.
Warrants on gold mining shares can often be more volatile than profitable. In
March 2006, our warrants had lost 2/3 of their value before gold suddenly
began moving upwards, increasing exponentially the value of our warrants in a
very short period of time.
Warrants, by definition, are time-dependent giving buyers the option
for a limited time to purchase underlying shares at a predetermined price;
and as gold began rising in 2006, the question became, what would be gold's
top before it turned down?
Gold had started its rise in mid-March at $535. In April, it moved up
past $600 and by the end of the month was nearing $700. The hidden-pivot
Ackerman predicted for gold's turning point [i.e. top] was $715.50
and I remember watching gold's daily move towards Ackerman's hidden-pivot.
In early May, gold crossed $700. Then on May 11th, gold
exceeded Ackerman's hidden-pivot during inter-day trading before dropping to
end exactly at $715.50, Ackerman's hidden pivot.
Note: The next day, on May 12th we sold the now
highly-profitable warrants and enrolled in Rick Ackerman's Hidden Pivot Seminar
in New York to find out how he had made his astonishingly accurate
prediction.
Indications pointing to a gold bottom were also noted on December 3rd,
in the Gold
Basis Service, a subscription newsletter by Sandeep Jaitly at Fekete Research;
and, as with Martin Armstrong and Rick Ackerman, I am always interested in
what Jaitly has to say.
I met Sandeep Jaitly at Professor Fekete's Gold Standard University in
Hungary in 2009. Prior to the event, Sandeep had forwarded me some of his
papers and I found them insightful and brilliantly written. In the following
year, Jaitly made a significant contribution to Professor Fekete's study of
the gold and silver basis with his addition of the "co-basis". His
explanation follows:
.the gold basis is the difference between the futures price and spot
price of gold. However, there is a refinement to this observation after Carl
Menger. Menger was the first to realise that economic analysis should have
its foundation in terms of 'spread' as opposed to 'price'. The price of a
good itself does not exist as a monolithic entity but is composed of a spread
itself: the bid-offer spread.
The idea of a spread has been transferred to the concept of carry, in
particular with regards to gold. There is no such a thing as the carry for
gold: the carry itself is composed of a spread the lower bound of which is
referred to as the 'co-basis' and the upper bound the 'basis'.
Simplistically, the co-basis and basis are analogies in the space of carry to
the bid and offer in the space of prices.
In the December 3rd update of the Gold Basis Service,
Jailty confirms both the high probability of a gold bottom and the
continuing backwardation of gold and silver. An excerpt is reprinted here
with the permission of Fekete Research:
LONDON, 3rd DECEMBER 2015, 11:39 HRS GMT. Spot gold is currently
$1,050.91/96 and the gold/silver ratio is currently (bid/offer) 75.33/43. The
conclusion from the last missive sent on 28th October read:
The shorter-term movements in the bases are indicating that there's
likely to be real supply coming to the market that may depress gold/silver
prices in the shorter term. Today saw an intra-day reversal of gold with spot
having reached a high of $1,183.10. There's a risk that gold may test the
intermediate lows in September. Should there be a reversal in the current
trend in the bases, notification will be sent.
The fiat v. gold/silver exchange rose as was mentioned might occur.
However, with that the basis/co-basis has moved sharply lower/higher.
 
December has given way to February gold in terms of largest open interest.
April gold is already in backwardation and still only represents less than
10% of total open interest! April gold being in backwardation at this early
stage has no precedent. To all intents, gold and silver have reached
permanent backwardation - in that the active contract (as well as the next
and one after) is in a consistent state of positive co-basis. The next
stage of fiat's demise will involve a rising and positive co-basis.
This ties in with a low and falling fiat interest rate and the theory
relating the two is being developed currently by the New Austrian School
team. One will have to be up to scratch with all aspects of Mengerian
economics from marginal utility to marketability and bills of exchange to
keep pace; you have been warned!..
CONCLUSION:.The extent (not level) of backwardation and relative
open interest reached has no precedent. The dips that have occurred in the
metals have presented the opportunity to accumulate. Whether around here is
the ultimate low [i.e. bottom] will have to be seen but there
is a high probability that it's in place.
*********
That three different analysts using different methodologies, e.g. George
Milling-Stanley's technical analysis, Rick Ackerman's
"hidden-pivots" and Sandeep Jaitly's "basis and
co-basis", each pointed to a bottom in gold prices just prior to (George
Milling-Stanley) or between November 30th and December 7th
(Rick Ackerman and Sandeep Jaitly) as predicted by Martin Armstrong leads me
to conclude:
(1) A bottom in gold and silver prices may now be in place-and, if not
now, then, as per Martin Armstrong, during a week in spring 2016
(known to Armstrong's subscribers) and (2) Martin Armstrong's model
ofpredicting economic turning points deserves very serious attention.
MARTIN ARMSTRONG: THE MAKING OF A CRIMINAL
The September 1999 fall of Martin Armstrong is like the fall of gold in
September 2011. Both were pushed.
In the 1990s, Martin Armstrong's economic predictions began attracting
serious attention. After calling the top of the Japanese Nikkei (December 31,
1989), Armstrong was referred to as "Mr. Yen" by the Japanese press
and political luminaries such as Margaret Thatcher and Henry Kissinger were
among those attending Armstrong's annual conferences held at the Imperial
Hotel in Tokyo.
The political interest in Martin Armstrong and his predictions, however,
would lead to his undoing. An article in The New Yorker Magazine noted the
CIA's interest in Armstrong's Economic Confidence Mode which correlated
economic and political events with shifts in economic confidence.
The New
Yorker article on Armstrong, The Secret Cycle, refers to
Armstrong's 8.6 year cycles, the basis of his Economic Confidence Model. An
avid student of history, Armstrong constructed a computer model, a timeline
of significant historical events, based on 8.6 year cycles which allowed him
to predict the 1987 US stock market collapse, the top of the Japanese Nikkei
and the collapse of the Russian ruble, etc. The CIA wanted his model.
..[In 1999] the C.I.A. telephoned his firm [Princeton Economics],
eager to get a closer look at his model. Agents had been watching him and
were curious about how he had managed to call the collapse of the ruble. They
asked if he would come to Washington..and build his model for them.
The
Secret Cycle, The
New Yorker Magazine, October 12, 2009
Armstrong refused. Armstrong told his mother, They want it for all the
wrong reasons (his mother had clearly taught Armstrong the difference
between right and wrong). Turning down the CIA, however, would trigger
a 12-year nightmare for Armstrong.
In September 1999, the US Attorney accused Armstrong of defrauding
Japanese investors of almost a billion dollars and ordered him to turn over
enumerated assets and documents to the court-including computers with the
source code for his Economic Confidence Model.
After the computers were turned over, a computer forensics expert said
that 591 computer files had been deleted with X's written over them; and, on
January 14, 2000, the US magistrate, Richard Owen, ordered Armstrong jailed
for contempt of court.
NOTE: Despite the statute limiting such contempt to 18 months, Armstrong
was imprisoned without lawyers, trial or charges for over 7 years, the
longest Federal civil contempt of court imprisonment in American history.
The adjudication of Armstrong's case was to be even more bizarre. Two
months after he was charged with stealing hundreds of millions of dollars
from Japanese investors, the investors sued-not Martin Armstrong-but Republic
National Bank and two of its executives for securities fraud.
In January 2002, Republic Bank (now owned by HSBC) agreed to repay
Armstrong's investors $606 million in return for immunity for the two bank
executives and obtained a lifetime gag order preventing Armstrong from
releasing information about the bank's actions.
Law and order - whose laws,
whose order?
Although Armstrong's investors received full restitution from Republic
Bank, Armstrong remained jailed without bond or right-to-trial until 2006
when now-Supreme Court Justice Maria Sotomayer "in the interests of
justice" removed US Magistrate Richard Owen from Armstrong's case,
ending Armstrong's seven-year imprisonment for contempt of court.
In 2006, Armstrong pleaded guilty to one count of conspiracy, i.e. of
commingling investor funds although contractually allowed to do so by the
bank; and five years later, in 2011, twelve years after refusing to give his
Economic Confidence Model to the CIA, Martin Armstrong was released from
prison.
NOTE: Martin Armstrong's release on September 2, 2011 coincided with
gold's high of $1920. On September 3rd, the paper money cabal using negative
gold lease rates flooded upward surging gold markets with physical gold
triggering a 44-month decline that ended between November 30th
and December 7th 2015-as predicted by Martin Armstrong.
MARTIN ARMSTRONG, MONEY, POWER & MURDER
The events surrounding Martin Armstrong involve the manipulation of the
metal markets (especially silver), the death of banker Edmund Safra, the rise
of Vladimir Putin and 9/11.
On January 5, 2000, nine days before Armstrong was arrested, the following
message was posted on Kitco:
Date: Wed Jan 05 2000 04:24 GoldBird1 ( Armstrong-Republic-manipulations ) ID#396247: Copyright © 1999 GoldBird1/Kitco Inc. All rights reserved
Whilst I have read a lot on this site about Armstrong and his supposed
short gold position, etc., etc., etc., I just thought everyone should know
that it is all BS. I have worked inside Republic Bank and quite frankly the
whole thing stinks of a major set up intended to frame Armstrong big time.
Armstrong was right about the manipulation of silver and a whole lot more.
Not only was silver manipulated, they do it all the time. If you want to
know the truth, it was Republic who has been behind almost every manipulation
I know of for at least the last 10 years, I've seen it first hand. Buffet is
not lily white and this silver purchase of his was not the first. The
manipulation by Phibro in 1995 when they exercised the call options way out
of the money was executed by Andy Heck who now works for Republic. The CFTC
went to Phibro demanding to know who the client was behind the trade and they
refused to give up the name. The CFTC did not do their job, as usual, and
just walked away demanding that they exit the trade. Phibro was owned by
Salomon Bros and the authorization to squeeze silver was given personally by
Buffet.
Does anyone really think that a small sub like Phibro could do a $1
billion trade without board approval from above? It doesn't end there. Bribes
were paid to Russian officials to "recall" platinum so it could be
inventoried. Republic helped Tiger corner the market in palladium and stored
it for them just like they moved the silver from NY to London for Buffet.
This thing even goes back to the manipulation of the US Treasury Auctions.
The govt boys are so stupid, when they threatened to take the license away
from Salomon Bros, Buffet came to the rescue. Ha! He was behind that trade as
well and his name was concealed then, as always. Then that trader left and
started LTCM [Long Term Capital Management] and had a real merry old time.
Look at who his investors were! Just before it blew up, Buffet agreed to
bailout that operation and wrote a letter stating that if his offer were ever
revealed, it would be void. That letter was published in the WSJ because it
blew up before Buffet could put the deal to bed.
The point is, Armstrong was trying to fight the crowd. He knew what was
going on and the word inside the bank was that he might even have tapes of conversations
between a lot of the players. Everyone is really worried about that for sure.
These guys take the market up get all you suckers believing the rally is real
and then slam it again. How do you think they make their billions? They don't
care about bull markets. They shag the markets to make their billions off of
the people who don't have a clue. They rotate between the markets. All the
same names were on the short-side in copper. Sumitomo tried to fight these
guys. They baited the Japanese into the trades offering them untold credit.
They then would short copper against them. Sumitomo tried to defend their
position and ended up buying the entire inventory. When they had Sumitomo
loaded, they ran to the authorities and did them in calling it a manipulation.
They made a fortune on that short trade. To add insult to injury, Sumitomo
ran to Goldman Sachs for help, Goldman started selling thousands of contracts
in copper that day and then accepted the work out the following day after
front-running their own client. Jimmy Goldsmith was involved in this one as
well as Safra, Tiger and a host of others. They amazingly are all on the
right side of every one of these trades.
Hell - bribes were even paid to bank officials at the Central Bank of
Thailand to start the Asian Crisis! That was the evidence the Japanese took
to the G7 meeting and demanded controls against the organized hedge funds.
The US govt refused to do anything against the group of players because
this thing is so dirty nobody wants the truth out there. They told the Japs
they would agree to sanctions only. That's why Armstrong is being served up
as the Xmas turkey. Quite frankly, he knows too much.
Safra was paying bribes to people inside the IMF as well. They all
thought they had the IMF in their pocket. That's why they all invested so
much into Russia. They even set up Bank of New York on behalf of a rival
group of thugs in Russia and because Republic hates Bank of New York because
they are not part of the club.
These markets are never going to breakout until someone breaks up this
organized mob of billionaires. The govt is either too stupid or they are
involved with them -- a high probability! After all, Armstrong had a $1
billion credit line in the bank and everyone knew it. Suddenly, his credit
line was pulled and Republic took $500 million of his clients money
pretending it was never there. That order came from good old Mr. Safra
himself and was carried out by George Wendler personally. And if anyone
believes that story about Safra's death, I guess they believe in Santa Claus
and a few other sudden deaths when the heat got turned up. If Armstrong or
his clients got Safra on the stand, the whole thing could have unraveled. His
bodyguard was changed just after this affair started. You fill in the blanks.
Armstrong was never short 700 tons of gold. In fact, to get the silver
manipulation going, Armstrong was out of the country and they ran their
orders through Republic to make everyone think it was Armstrong covering
short positions he never had. The records are all there!
All this stuff is on tapes, docs and emails. The question is, will the
govt go along with the big boys and cover everything up again? If so, they
say already Armstrong won't make it to trial. They cannot afford a open trial
with everything Armstrong knows. He probably knows far more than what has
been written here. They just can't afford for the world to know how rigged
this game truly is and how these billionaires really make their money at the
expense of everyone else.
That's the real story. Take it for what it's worth. - End
Republic National Bank, the Bank of New York, the IMF, et. al. had roles
in the death of Edmond Safra, the billionaire Jewish owner of Republic
National Bank. On December 3, 1999, Safra was murdered in his fortress-like
penthouse in Monaco by his nurse, a former Green Beret, his coterie of 20
Mossad-trained bodyguards inexplicably absent.
After his imprisonment in 2000, the US government asked Martin Armstrong
about Safra's murder. In So Who Really
Tried to Blackmail Yeltsin & Takeover Russia - NSA/CIA/or Investment
Bankers? (July 12, 2013) Armstrong wrote:
. Yeltsin was convinced to take $7 billion from the IMF funds to
refurbish the Kremlin-a staggering amount of money. The funds were wired to a
largely unknown company in Switzerland. The wired was steered through the
Bank of New York and as soon as it was made, Safra had his bank [Republic
National Bank] run to the Feds and report that the Bank of New York had
just conducted a money laundering event.
It was a this time the conspirators threatened Yeltsin with exposure of
this theft.The demand was to appoint [billionaire Russian Jewish oligarch
Boris] Berezovsky as the new President of Russia and for Yeltsin to step
down and not run in 2000. Yeltsin, realizing he was set up, turned to Putin
who nobody had heard of. As the story goes, Putin promised to take care of
everything if Yeltsin appointed him instead. Yeltsin resigned on December 31,
1999 [and appointed Putin as interim president] after Safra was killed
on December 3rd in Monaco.The presidential elections were held in
Russia on the 26th of March formally electing Putin.
Armstrong's story regarding Safra's death was corroborated by Geneva
prosecutor Bertrand Bertossa:
Safra was murdered for giving evidence to both the FBI and Swiss
prosecutors concerning the diversion of the IMF credit. from the New York
Federal Reserve Bank to [Safra's] Republic National Bank and then to various
banks in Switzerland and elsewhere, but not to Russia...at the start of
autumn 1999Boris Berezovsky visited Safra at his estate in southern France.
The two men..had a three-hour conversation in "raised voices,"
after which Safra fled in a panic to his heavily fortified Monte Carlo
residence [where two months later he was murdered].
http://www.whale.to/c/1001_club_incomplete_membership.html
THE BANK OF NEW YORK - AMERICA'S PREMIER MONEY LAUNDERER
The Bank of New York first came to my attention after meeting Norman
Bernard Thirion in Federal prison in 1986. Thirion, Howard Hughes' former
banker, told me he had been framed by the Reagan White House after a heated
argument with General Robert E. Cushman.
According to Thirion, General Cushman-former Commandant of the US Marine
Corp and former Deputy Director of the CIA-was chairman of Transglobal Productions,
Ltd, ostensibly a New York movie production company, but, in fact, a CIA
front created to embezzle and launder $500 million Thirion solicited from the
Saudi royal family to aid the Afghan resistance.
Thirion and Cushman's argument involved Transglobal's purchase-through
board member Rabbi Morton Rosenthal-of Russian-made Syrian arms captured by
the Israelis during the Six-Day War to be sold at a profit to the Afghan
resistance. Thirion argued that the Saudis would be enraged if they
discovered their $500 million contribution to the Afghan resistance had
profited Israel.
Believing he [Thirion] could no longer be trusted, Cushman with the help
of the Reagan White House had Thirion arrested on trumped up charges of
accepting loan fees; and Thirion, like another American political prisoner,
Martin Armstrong, ended up incarcerated in America's rapidly-growing gulag.
Cushman's covert CIA/ Reagan White House operation was unmasked when the
$500 million was discovered co-mingled with money from the Iran-Contra affair
(another illegal Reagan operation) in a secret CIA bank account in
Switzerland.
p. 21, CIA Arms Account Was Also Used by Saudi Arabia, Los Angeles
Times, December 4, 1986
The secret Swiss CIA bank account was controlled by Bruce Rappaport, a
shadowy Jewish Swiss banker. Rappaport, owner of InterMartime Bank Geneva,
also owned the Bank of New York-the bank at the center of the multi-billion
dollar IMF/Russian money laundering scandal; the same bank which also
laundered over $240 billion of securities through the New York Federal
Reserve when reporting requirements had been suspended by the SEC in the week
following 9/11.
. the Federal Reserve imbalances reported on three consecutive days in
the aftermath [of 9/11] were largely concentrated at the Bank of New
York.The Federal Reserve, without providing the detail required to substantiate
it's claims would have the public believe that there were widespread
liquidity issues, when in fact, the issues were very concentrated; primarily,
if not singularly in the Bank of New York.
EP Heidner, September
11 Commission Report Revised December 2008
The Bank of New York's suspicious activities after 9/11 were also noted by
The Wall Street Journal:
"There is every reason to believe activities in the Bank of New
York in the aftermath of September 11th are worthy of suspicion... At one
point during the week after September 11, the Bank of New York publicly
reported to be overdue on $100 billion in payments."
That such disparate events, i.e. the death of Edmund Safra, the rise of
Vladimir Putin, the manipulation of metal markets and 9/11 are connected to
the case of Martin Armstrong is, in itself, evidence of Armstrong's belief
that EVERYTHING is connected-an interconnectedness which is at the foundation
of Armstrong's Economic Confidence Model and his ability to predict what
we call the future.
In February 2015, Armstrong wrote about his ability to forecast gold's
movements:
The implication of just the correct forecasts like this on gold go far
beyond merely gold. What this demonstrates is that everything is truly
connected. That means, if our computer models are correct, then a politician
cannot actually run for office proclaiming vote for them and they will change
everything. We are all just pieces of an interconnected world. That is the
real implications of this forecast in gold. The sooner we realize that what
Socrates has accomplished is the revelation that absolutely everything is
connected. There is nothing that ever takes place in absolute isolation.These
forecasts are NOT my personal OPINION. They are not even my invention. They
are the product of my DISCOVERY of time.
Martin Armstrong, February 12, 2015
Martin Armstrong
ARMSTRONG'S BIG CONNECT: THE INTERCONNECTEDNESS OF EVERYTHING INCLUDING
TODAY'S CRISIS
The
Secret Cycle, The New Yorker Magazine article (October
12,2009) describes Armstrong's discovery of the 8.6 year cycle:
One day, in a newspaper, he came across a list of financial panics that
occurred between 1683 and 1907. On a lark, he divided the span (two hundred
and twenty-four years) by the number of panics (twenty-six) and found that,
on average, there had been a panic every 8.6 years. As he read more, he began
to suspect that 8.6 was a highly significant number. He discerned a
recurrence of major turning points in the economy and in world affairs that
followed a distinct and unwavering 8.6-year rhythm. Six cycles of 8.6 years
added up to a long-wave cycle of 51.6 years, which separated such phenomena
as Black Friday and the commodity panic of 1920, and the Second and Third
Punic Wars.
.His model singled out, in advance, the day of the October, 1987,
crash. "Never did I expect this to work on such a precise time
level," he wrote later, in an essay called "Understanding the Real
Economy." "It made no sense. I personally assumed it was just a
fluke. This took place on the minor halfway point up the first leg of the
8.6-year cycle, at 2.15 years." Afterward, he was messing around with
numbers and realized that 8.6 years was exactly three thousand one hundred
and forty-one days: 3,141, the number pi times a thousand. The cycle mystery
had deepened. If pi was essential to the physical world, perhaps it somehow
governed the markets, or the fluctuations in human behavior and mood that
manifested themselves in the markets. It was, after all, the magic number
associated with the swing of a pendulum, Heisenberg's uncertainty principle,
and the Great Pyramid at Giza. Why not the vast monuments of data known as
the financial markets? "Suddenly I saw it in my mind's eye," he
wrote. "There was a Geometry of Time itself."
Armstrong wrote in Understanding
The Real Economy (2009),
"I have spent a lot of time trying to comprehend how such a model
can even work on a specific level to a precise day, years and decades in
advance. The only explanation is the subject matter is so intensely complex
that there is indeed a hidden order within what would appear to be random
chaos."
Armstrong's 'hidden order', the idea that everything in the universe is
interconnected is reflected in Buckminster Fuller's Critical Path in
which Fuller wrote in 1981: .mankind would soon be entering a period of
unprecedented crisis, a crisis universally-intended to bring about
the transformation of humanity.
The crisis that Fuller predicted is now underway. In 1981, Fuller
predicted the collapse of the world's power structures. In 1991, communism
collapsed and, today, capitalism is failing as debt, credit's fatal effluvia,
has rendered today's capital markets impotent in their frantic attempts to
revive growth.
That today's institutions-political, educational, religious, and
economic-are increasingly unable to solve today's problems is a sign that
that a new paradigm is being born and the passing of the old cannot be
prevented.
The pendulum of time is in
motion; to many, it will be a wrecking ball
GOLD - IS THE BOTTOM IN?
Martin Armstrong told his subscribers gold would make a bottom between
November 30 and December 7th or during a certain week in early
2016 (a date known to his subscribers). Today, February 10, 2016, gold
closed at $1208, almost $160 above its low of $1050 in the first week of
December.
Does this mean gold's bottom is now in and its upward trajectory assured?
Maybe so, maybe not. In support of Armstrong's prediction of a gold bottom in
early 2016, on February 4th I received a FLASH UPDATE from Sandeep
Jaitly's Gold Basis Service that warned:
Since the middle of January, the co-bases for both April gold and March
silver have declined noticeably from the peaks achieved. 15th
January saw the peak in April gold's backwardation with a co-basis reading of
+0.06%. As of today [February 4th], this stands at -00.23%.
Furthermore similar movements are being mimicked with March silver. This
is the first time that both gold and silver have been out of backwardation
for over 18 months. Accordingly, in the short term, this is a bearish sign.
Gold and silver could possibly fall again and make a new bottom as Martin
Armstrong predicted. Nonetheless, the bottom for both gold and silver is
either in or soon will be. The battle against the bankers' fiat paper money
charade continues with the end now in sight and victory certain.
My interview with Ralph T. Foster, author of "Fiat Paper Money"
can be seen at https://youtu.be/3InWieQ2NcQ;
and, the 3rd episode of Moving
Through the Maelstrom: 2016 - The Crisis Accelerates, at https://youtu.be/JpCwBrYjiL0, I
explain how I came to predict today's crisis, our role in that crisis and
what we can do.
The crisis is now accelerating. It has been a long time coming. Its
effects will be unprecedented.
Buy gold, buy silver, have faith.
Darryl Robert Schoon
www.survivethecrisis.com
www.drschoon.com
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