QUESTION: Mr. Armstrong, it is not hard to understand why the bankers and the government have always tried to silence you. I came across a Google search of your 2017 forecast where you said the stock market would double. The Dow Jones Industrials closed April 2017 at 22405. It reached 48,000 last month. There is no other analyst who can forecast long-term like you. Will you do another technical analysis seminar like you did I hear in 2011?
Frank
COMEX Bar 1980
ANSWER: The methods I developed was as a hedger for myself, I was doing about $30 million a month back in 1980. Adjusted with CPI that is $113,400,000 per month today or abot $1 billion annually way back then. That was about 37,500 ounces of gold. At today’s gold value, that would be $150 million per month. So when I say there was only three of us big enough to make markets back then, it was not an exaggeration. It took a lot of capital to buy gold from all the dealers nationally, refine it, and then have to wait to get paid after the process. The minimum lot for refining was 100 ounces and it would take 6 weeks to get paid. Most of the places buying gold from the public did not have that king of capital.
Let me see. I will cover some techniques at the WEC 2025 this year. I do not know how many more of these I can do. Life has a way of catching up with you.