COMMENT: Mr. Armstrong, I just wanted to thank you for your ground-breaking analysis. I was a gold-only bug, and you opened my eyes to capital flows, explaining that gold rises not due to inflation, but geopolitical tensions. You have been forewarned that when Europe is flirting with war, the capital will flee, and it will be on every boat to the USA. We have gold making new highs, and the Dow is also reaching new highs. Something the gold crowd always said the opposite. You said gold could test the $5,000 level due to war as soon as 2026, I believe. At the same time, others continue to claim that the stock market will crash and revise their forecasts with every new high.
I just wanted to say you are honestly making a difference. I know people steal your work and claim it as their own. I discovered some people created channels and pretend to be you on Telegram and elsewhere. I do not understand their game. You do not solicit money. I’m not sure if they are trying to ruin your reputation. I reported what I encountered to your staff.
I know you have more money than God because you don’t raise your prices, you don’t solicit money, and you don’t sell advertising.
Please do not get discouraged.
Cheers
FDS
REPLY: Thank you for bringing that to our attention. I am not sure what is going on with people pretending to be me. I DO NOT RECOMMEND ANY STOCK INDIVIDUALLY, AND I DO NOT MANAGE MONEY. If you want to know about an individual share that is on Socrates. Some funds trade based on Socrates, but sorry, – been there, done that. I am far too busy to manage money. I am honestly working seven days a week, from 7 AM to midnight, and I still can’t get ahead of the workload. Anyone pretending to be me, telling you to buy a specific stock or promising to manage your money, is a fraud. Let our staff know.
As far as the market is concerned, I will do a Private Post this week. There can be a brief correction in the share market after this week. But it still does not appear to be a major long-term bear market or crash. As far as gold is concerned, the key resistance is really $4500 for next year. Gold has to pass that, and then it would test the $5,000 level. Exceeding that level, the expectations will then jump to $10,000. It gets dicey after $5,000.
If I had more money than God, I suppose that means people wouldn’t contribute to any church.