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Martin says that a big rally is coming to gold, and he even goes so far as forecasting the year. Here’s the details…
Martin Armstrong interviewed by Greg Hunter on USA Watchdog
Where does renowned financial and geopolitical analyst Martin
Armstrong see big trouble brewing? Look no further than the bond market.
Armstrong explains, “The bond market is going down. . . . We’ve already
started into it. . . .You have to understand both Japan and Europe have
destroyed their bond markets. They have completely and utterly
destroyed them. They are the buyers. That’s it. There is no pension fund
that can buy 10-year paper at 1.3% when they need 8% to break even.
They are locking in a 10 year loss. They can’t do it. We have been
helping major funds shift into equities because it is the only place
they can go. . . . Once you start seeing the cracks in Europe, you are
going to see interest rates rise faster than you have ever contemplated
in your life. There is nobody in their right mind that can buy an
Italian bond at 1.3%. It’s just not going to happen.
Once the ECB is
forced to stop, those rates are going to jump to 10% instantaneously.
Once it starts to crack, that’s it, it’s gone. What is going to make
everyone know it is cracking is when you see rates going up
dramatically, and the ECB is at a point it just can’t buy any more.”
Armstrong does not see a big War in the near term, but one is brewing
in the Middle East. What Armstrong does see right now is “increasing
civil unrest.”
On gold, Armstrong sees the yellow metal “fighting a stronger dollar”
but predicts it will have its day sometime after 2020 to 2021.
Join Greg Hunter as he goes One-on-One with financial and geopolitical expert Martin Armstrong.
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