RE:RE:RE:RE:RE:RE:Don't believe this ...bogi.. you completely misunderstand me.. and you seem to take this whole Armstrong thing personally..
I do not actually care that much if there is manipulation going on or not.. that was never my point.
As far as I am concerned the markets are riddled with manipulation all across the board these days.. so what.. as I said Im not complaining.. I simply treat it like any other information that can help me make decisions.
As I have said before I read Armstrong AND a lot of other commentators but I dont get attached to any of them.. I don't expect ANY of them to be always right.. I try to get a broad picture by gathering info from many sources..
As I also told you before I look for common threads.. and again I repeat it just happens that Armstrong and Mahendra agree on some major points..
I don't give a dogs dinner if people want to laugh because I listen very attentively to an astrologer.. It is only because he has an exceptional record going back over 30 years.
As I said before he said sell PMs and buy the S&P in 2011.. he has been repeating that ever since and he is still saying it.. he has also called some rallys in gold along the way as in June of this year but only as a trade.. as I said before he predicts a blow off top in the US stock market in 2016 with the S&P hitting somewhere between 3500 and 5000 .. he predicts insane volatility in gold and silver next year and a buy opportunity june/july next year.. he does not predict how low they will go..
Once again as I have said before it is significant to me that two well regarded market commentators come to very similar conclusions whilst they both use entirely different methods to reach them.
I agree with goldguy that it is crucial to hedge positions in PMs during times like these.. and there are plenty of ways to do that.. PM Bear ETFs for one.
I want to be holding my PM positions when they finally turn around because I expect it will be sudden, unexpected and violent and trying to catch bottoms in a market like this is generally a fools game imo and can be very stressful.. Each to their own but I expect the majority who are waiting for confirmation of a reversal will be paying a lot more than those who have the bottle and patience to hold core positions.
And last but not least imo at least 70% of PM holdings should be in BULLION.
Good luck