From late September, 2012:

"Currently if this immediate correction-sideways pattern would end, here remains a possibility that it will do so in March/April 2013. Keep in mind, that the importance of gold is greatly overlooked even by the Goldbugs. It is a commodity that trades globally and is of the same quality everywhere(jewelry excluded). Even crude oil has different quality and trades differently around the world. Wheat and foodstuffs also vary from continent to continent. Gold is more in the category with the dollar - it is the same animal everywhere. That allows its pricing to reflect a constant global pattern."

It is Armstrong's belief that the gold bull takes off when the people have had enough of having their pockets picked.