Tag Archives: gold price

Gold: Schizophrenia Reigns Supreme – Here’s Why

Gold is in a tough situation right now. It is an enigma and it is suffering from an identity crisis. It does not know whether it wants to be a commodity or a currency...sometimes its price reflects its position as a commodity and other times as a currency. These days gold is struggling with both these roles...and when it decides what it wants to be there will be a price adjustment. I believe that adjustment is coming soon and that it will take the price lower. Here's why.

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Retraction: Armstrong Says Gold Has NOT Bottomed

What Mr. Armstrong writes in his articles is done so poorly it is almost always confusing and often virtually incomprehensible but it has a way of providing cover for what he says. A case in point is the inference in an article last week that gold had bottomed, would begin to rise substantially sometime after Oct. 1st and eventually reach $5,000+ sometime during 2016. His latest article disclaims those inferences. Here's what he now says by way of clarification:

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Look No Further! Here Are the Best Articles on Gold & Silver (+3K Views)

Hundreds of articles seem to be posted every day on why the prices of gold and silver are going north of $5,000 & $100 ozt. respectively, or conversely to below $1,000 and $15, respectively. Unfortunately most of what is written is self-serving and/or wishful thinking. Some is what I call nothing more than financial entertainment devoid of substance. Occasionally a thought provoking article is posted and when that happens munKNEE.com is there with it. Below are some such articles that are currently in the munKNEE.com vault.

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Gold Eventually Going To $5000 – Or Even Higher (+2K Views)

The correction in gold is approaching, or is at, its conclusion although gold could drop to $1000 before it’s done. That being said, however, further losses are looking less likely as the dollar has broken down from its parabolic uptrend and is vulnerable to a severe decline. The long-term outlook for gold and silver is a massive parabolic ramp similar to, but much greater in magnitude than that which occurred in the 1970’s, taking gold eventually to $5000 or higher. Silver may prove to be an even better investment. Here's my explanation with a good number of charts.

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