www.armstrongeconomics.com
A ton of emails are flooding in asking what to do with gold since it
made new lows after yet another false rally. I appreciate all the people
who have been hurt by the goldbugs. Just remember, what goes up MUST
come down. Even if gold reached the $5,000 level, it may do so for one
nanosecond. Whatever the high it will not rise to such a level and stay
there. We are looking at the collapse of the world monetary system. This
will be a transition trade only.
If gold closes below the 1043 level at year end, you can bet on new
lows next year in 2016. We will most likely see a real surge in the
dollar yet with the Euro collapsing. So pay attention also to the
year-end closing for the Euro. If that is under 10365, the dollar surge
is underway.
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