Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Close with Modest Losses but Miners Gain on the Week
By: Chris Mullen, Gold Seeker Report

Life Under Manipulation
By: Theodore Butler

Legendary investor names his top junior resource stock picks right now
By: Peter Spina, President, CEO of GoldSeek.com & SilverSeek.com

Silver Miners’ Q3’17 Fundamentals
By: Adam Hamilton, CPA

Deflation must be embraced
By: Alasdair Macleod

Gold’s 47-Year Bull Market
By: Steven Saville

Taxes, Macro Signals, Seasonality, US Stocks and Gold Miners
By: Gary Tanashian

The Key to Profitably Ending Precious Metals Price Suppression And Other Markets Manipulation!
By: Deepcaster

The Precious Metals Bears' Fear of Fridays
By: Dimitri Speck

The Lemmings are Heading Towards the Cliff...Again
By: Gary Savage

 
Search

GoldSeek Web

 
Martin Armstrong, 2010-2011


 -- Published: Friday, 16 December 2016 | Print  | Disqus 

By Bill Holter

  In an effort to put the Martin Armstrong saga to bed, I post below quotes and links to two articles he put out in 2010 and 2011 just before being released from prison.  Please read not just the quotes provided but his full articles as they are both excellent in content and logic.  His 2010 article sounds a lot like "Bill Holter" as I have done this math and logic several times for readers over the years.  Back then he said "$5,000 gold is "VERY CONSERVATIVE" ...while he now says it will be as high as gold can go.  In the second article he takes on "manipulation" which he has since changed his tune on. 

  I would simply ask "why"?  Why has he done a 180 degree turn in his thought process?  Why did his "change" of heart begin as soon as he was released from prison?  Why do people even follow him now as his logic and reporting of history is flawed?  I have no doubt he is a brilliant man as he was a pioneer of the derivatives industry, but how brilliant is it to claim that gold was devalued in 1934 ...and then go on to explain "why" it happened? 

"I have been conservative in what is possible for the years ahead.  I have given a number for gold of $5,000 that is VERY CONSERVATIVE.  If we take the US gold reserve 262 million ounces and we divide that into the national debt of $14 trillion ignoring the rest of the world, that yields a price of a staggering amount $53,639 per ounce.  Even taking the world official gold reserves dividing that into $14 trillion ignoring the rest of the world, we still end up with $15,873 per ounce."  ...Martin Armstrong, Nov. 21st 2010

http://s3.amazonaws.com/armstrongeconomics-wp/2010/12/armstrongeconomics-indirect-v-direct-stimulus-11-21-2010.pdf

"The sharp spike rally was in line with a Phase Transition in Silver – NOT gold. This has been distinguished by a virtual doubling in price since January. Anytime a market doubles like this in the last few months going into a high, it is the kiss of death. Silver, of course, has not broken out above its 1980 high as did gold. This is largely due to the fact that silver remains the most manipulated precious metal of the entire group. It is routinely played with by the NY crowd and anybody you says such things is immediately attacked with venom. Silver is the playground for the CLUB" ...Martin Armstrong, May 2nd 2011

http://s3.amazonaws.com/armstrongeconomics-wp/2011/05/armstrongeconomics-the-silver-crash-of-2015-050611.pdf

   It is clear to me with the above writings, Mr. Armstrong had a full grasp of logic.  I would love to hear from him now as to why his logic was wrong back then...before he saw the light of day as a free man?

Standing watch,

Bill Holter

Holter-Sinclair collaboration

Comments welcome,    bholter@hotmail.com

Bill Holter writes and is partnered with Jim Sinclair at the newly formed Holter/Sinclair collaboration.

Prior, he wrote for Miles Franklin from 2012-15. Bill worked as a retail stockbroker for 23 years, including 12 as a branch manager at A.G. Edwards. He left Wall Street in late 2006 to avoid potential liabilities related to management of paper assets. In retirement he and his family moved to Costa Rica where he lived until 2011 when he moved back to the United States. Bill was a well-known contributor to the Gold Anti-Trust Action Committee (GATA) commentaries from 2007-present.

 


| Digg This Article
 -- Published: Friday, 16 December 2016 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.