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To: Crimson Ghost who wrote (4479)3/18/1999 10:41:00 AM
From: William JH  Respond to of 81972
 
He (Armstrong) also said back in August that "no way is the Dow going to new highs." He also said that the Japan Nikkei was going below 10,000, the yen to 200/US$.

How has he been correctly bearish on silver? If I remember correctly, he has called for much lower prices, like $3.50 or so.

Anyone who makes as many predictions as he does has to be right about some things.



To: Crimson Ghost who wrote (4479)3/18/1999 4:36:00 PM
From: Bill Murphy  Respond to of 81972
 
George,

I respectively disagree with you on Armstrong and silver. Last year he was short at $4.50 and said his weekly, monthly and yearly stop out points were something like $4.68, $4.82 and $5.02.
He has been wrong.
The bulls, like me have not been right yet either, but he gets no credit for his silver calls and the IMF has not sold any gold yet.

Bill


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