Armstrong- We do not NEED to go to $907, $1150 or so will be fine.
He was originally talking about extremes. Let the Comex , LBMA & GLD sell all the paper gold and see how fast they are buried.
As we head closer into that bright light for 2032.95 where we either regress or awaken, we will experience as always with each turn an expanding envelope to the downside and upside increasing VOLATILITY. This will be EXTREMELY confusing for most and cause them to get whipsawed. This is why it is ESSENTIAL to understand HOW markets move. For gold to technically go back and retest the 1980 and then flip back to new highs is NOT that unusual – but is actually normal market behavior. Our model has the FIRST Yearly Bearish Reversal at $683. That indicates we are unlikely to see a crack of the long-term bull market. We do not NEED to go to $907, $1150 or so will be fine. That is simply the outer-limits for such a move. If you understand the maximum risk, then there is confidence in what you are investing in. During the 1987 Crash, institutions all sold BECAUSE they called the broker and asked why was the Dow down at a historic drop? The broker’s replied they “did not know!” It was down because the G5 manipulated the dollar down by 40%. Institutions sold BECAUSE they did not understand WHY the market crashed. Had they known, they would have understood and not panicked. You MUST always, and without exception, define the outer-limits of a potential market move or run the risk of panic. That is why the big institutions used Princeton Economics. We were the only ones capable of providing that information that was not based upon some opinion.