RE: Gold, why is it languishing? Upside and downside, a commentary.
if you're interested in gold you definitely should follow Armstrong's blog. He's one of the few who's been pretty right-on about gold (and the macro picture in general, ie. DOW going to new highs) for a while now...
When gold hit $875 in 1980, the national debt of the US reached $1 trillion. We are now approaching $20 trillion. .. I thought gold could never go under the “official” pegged price. I was clearly wrong. With time, I came to see that markets always made a FALSE MOVE in the opposite direction before a big move. You need this type of false flag move for it cleans out everyone. .. So beware of market false moves. This is just the pendulum swinging to both extremes. It must do so to create the energy for the opposite direction.
Feb 4, 2016 - http://www.armstrongeconomics.com/archives/43012
Flight from Gold - To make a market peak in a phase transition the 99% must be bullish. Likewise, to create the low, the 99% have to be bearish. Gold must lose all its friends, and the gold promoters must be fully discredited. This is how markets top and bottom no matter what market we are talking about.
Jul 30, 2015 - http://www.armstrongeconomics.com/archives/35465