Every time you reply you give me another opportunity. To refresh.
So who is Martin Armstrong?
Martin Armstrong is a world renowned criminal. A thief. An unrepentant convicted felon. Worst of the worst. Decades ago, he hired some programmers to write that program for him that he calls Socrates. Used it to trade the markets with money stolen from investors. Lost USD 700 million. Created a USD 3 billion Ponzi scheme to cover up the losses. Was caught and spent 11 years in jail for the crimes, including for failing to return USD 15 million that he stashed away, on top of the losses.
After getting out of jail, Martin Armstrong laundered the stashed away money and paid Marcus Vetter to make that whitewash movie "The Forecaster" for him. A web of lies that blames the government for his crimes. The wet dream of a criminal. Now he sells that Socrates software that he used to lose millions, as a subscription service for USD 1,800 per year to the little guy. For the results, see (Link): Socrates Subscriber Testimonials
This is the true story of a criminal kept safe from his victims, earning USD 15 million of stolen money while behind bars, being fed on US taxpayer expense, and allowed to re-build the longest running scam business in history, using some of that stolen money.
GSR Weekly Inverted with a projection based on the move down from ~120 to the current levels. Unbelievably it suggests that silver will get to a sub 10 ratio! So what price gold? If gold hits the 8K level, as Mike thinks it will, that ~6 ratio implies 4 digit silver. 1K silver is what it would take for me to call it a "bitcoin move".
Watching with interest.
Also wondering why the trolls are getting around to bothering us now in mid doldrum season. You have to be desperate to pick on this crowd, no big swinging dicks here!
On a more sober note with silver, the current momentum levels reflect a point from which we saw a 6.3x gain to the ~$49 high in 2011. That targets the high 100's from a breakout @ say $28. The 175 to 200 area is not unrealistic.
Aged well I see. SILJ. New low for the move. FWIW 11 is the halfway point of the range March 2020 lows and the 19 high. Supports on the way down. Miners obviously not leading the metals up and longs might be getting a bit concerned here. Cash is a position.
Distribution selling before a bigger drop as opposed to people buying for a rally. They think it is going lower maybe quite a bit more before a meaningful bottom. We are in a confirmed downtrend at this point. We can rally for sure but that might not be the way to bet. Yet.
After a week like this and a close like today I have learned to wait. FWIW the market is anything but rational. Hw else can you explain massive selling one day followed by a big up day. All this money creation you would think the metals and the mining stocks would be going up. When a market doesn't do what it should it is most times best to be an interested spectator.
Lot of what ifs. The broad market bottomed in 1932 1974 1982. What if we correct all of that in the coming years instead of rallying further for another 10 years? Yeah the metals are manipulated but we haven't made a new high in Silver since 1980. Gold barely made a new high last year over the 2011 highs . Nothing that happens has to make any sense to you. I have been watching this kind of stuff for a long time and while I basically suck and am surprised quite a lot you have to lose your bias or you will lose a lot of money.
There was a lot of insider selling in HL lately if that means anything. Looks like they might be hitting the silvers before the golds as GDX so far has held up decently considering. As bad as the miners looked a couple of weeks ago they look worse now. Silver and Hecla.