Q: Spot gold closed Feb at 1252.60. That is below the 1256 inflection point. Any update?
A: Yes, it appears we will be testing the lows for a few months. Jim Rogers is correct about the gold spot gold price and Michael Belkin is too early.
Q: Who generated the inflection point?
A: The 1256 inflection point was generated by the Socrates system data base programmed by Martin Armstrong (see below).
Q: It seems to me that you have to be as smart as Armstrong to understand what he is saying.
A: Using the Fixed System we are, as of yesterday, long DUST at 33.33. DUST is 3 times gold mining shares short. ETF. Direxion Daily Gold Miners Bear 3X ETF (DUST)
About Socrates from Martin Armstrong
They amassed the largest available monetary database to identify historic cyclical patterns in timing and price. Their system tracks international capital flows and looks for patterns in capital concentration that align with individual market cycles. Researching previous market behaviour and identifying cyclical trends enables their models to project future trends with accuracy.
Their clients range from the average investor to professionals who are interesting in implementing the Socrates models to manage risk. They offer a range of products and services to educate the public and provide tools for clarity when fundamental reasoning fails.