Martin Armstrong’s GOLD UPDATE

Posted by Martin Armstrong - Armstrong Economics

Share on Facebook

Tweet on Twitter

NYGOLD-D-9-20-2013

 

NYGOLD-D-9-20-2013

“we will be increasing in volatility the last week of September”

….more comments and charts HERE

House Votes to Defund Obamacare – Again

 

However, Congress must pass a CR to set federal funding levels by Oct. 1, or the government will partially close. No doubt our computer has been targeting the last week of September and then the weeks of Oct 7th/14th look key. House Republicans see the mandatory deadline as a final opportunity to cripple the 3-year-old Obamacare law.

….read more HERE

It’s a Matter of Confidence

 

Stocks are not rising because of “confidence” in the Fed, the central banks have themselves been buying stocks lacking confidence in public debt. Money has NO CHOICE but to go to stocks. Pension will go bust and stocks are becoming the ALTERNATIVE to government debt.

corp-treas

Even during the Great Depression, corporate bonds were in higher demand than government. Read the newspaper of 1929 and you will see the complete opposite interpretation of the same fundamentals from today.

There is a cycle to fundamental interpretations as well.

….read more HERE