Yes, it gets very confusing. We are forced to make the best guess possible based on who we think has the best focus, understanding, history etc., ...and there are many to choose from.

Let's see. Well, someone who is extremely well respected and influential has a predispositon to thinking that Mr. Armstrong is a little unhinged. Bold words indeed. I have noticed a change in Martin's ways so to speak, and quietly speculate that he may have been 'influenced' by some major forces now that he is a free man. He has been through hell and unjustifiably so, so one can not expect the man to ignore certain 'persuasions'. Just a guess in my part.

Also, Armstrong's models can be very confusing and allow for updates and or changes. There is room left to specualate on some of his observances. In Oct. 8th he noted that a daily gold closing above $1822 would signify that a low was in place. Since it never occurred we are told a weekly closing below $1605 would signal a renewed decline to below $1577. Done. But was that low 'the low'? It could be interpreted that way I suppose in retrospect if need be. On the other hand one can not argue with Armstrong's long term generalities. Sinclair said gold would go parabolic after $1764. Well, that price was visited and here we are. He will be right on the mark if it happens in Jan....or very close overshot.

Everything we are reading now technically and fundamentally screams gold is about to burst out of the blocks to the upside. There is so much to indicate this that it is too much to refer to. I like Rickard's latest 'icing on the cake' prediction of money printing coming at us from the EU, US and China...and the fact that the Euro will strengthen against the dollar as the US inflates...having already shorted their dollar via the Euro SSR's. Also, there are heavy shorts against the Euro that wll get creamed.

We are in no man's land right now...waiting for the year end. There is looming presence of 'something' big coming down the pike very soon. If Rickard's and many others are on the mark we are going to see gld well above $2000 in the first quarter. But there we go again, the first quarter is three mnths and that leaves a lot of room for incredible gyrations.

Today we see more pressure on the JPMs and unbelieveable bargains. I'm thinking Gartman was our contrarian biggest signal. He came out and trashed gold because he knew it was going down...over the short term anyway. He has done this many, many times and has been right in the very short term and very wrong in the longer terms (weeks/months). All we have to do is guess when he will change his mind again...AFTER gold has gone well up.