If you'd like us to research someone specific - please email us.
NOTE: HERE is a website dedicated to exposing Mr. Armstrong
Martin Armstrong, while not limited as a Precious Metals analyst, probably has one of the most colorful history's of anyone we have researched. He runs Armstrong Economics and became a millionaire at 15 by collecting coins. Mr. Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed. In September 1999, Armstrong faced prosecution by the Securities and Exchange Commission and the Commodity Futures Trading Commission for fraud. During the trial, Armstrong was imprisoned for over seven years for civil contempt of court, one of the longest-running cases of civil contempt in American legal history. In August 2006, Armstrong pleaded guilty to one count of conspiracy to commit fraud, and began a five-year sentence. Since his release he has had a voice in Economic activity and Bloomberg has referred to him as the "Felon Forecaster". We don't want to delve too much in his history, and lauded calls of decades past, but rather some of the more recent predictions that were flat-out wrong or have not come to fruition, yet. I find him vague in a Nostradamus-way and he flip-flops quite often. His calls are often about general, and large, economic events - so he puts himself on the line but these ambitious calls rarely come true.
Ex. In 2013 he predicted the DOW would double by 2015. At the time of the prediction the DOW was approximately 14,000 - today (April 2016), it is at/near its high of 17,737.00. In 2014 he stated that $100+ crude oil was here to stay. Crude is now trading below $40. So both of these are way off base. Let's take a look at some of his other miscue predictions:
Forecaster Martin Armstrong calling for start to a Sovereign debt crisis 2015.75 - he means the 3rd quarter of 2015 but it did not and has not transpired... yet.
August 25, 2011 - Martin Armstrong:
Gold to Correct for 1-3 Quarters Before Resuming Uptrend -
Gold was $1740 on that date, did correct lower - but never resumed,
eclipsed or equaled that high 1-3 quarters after - nor has it 4.5
Oct 2013 - Gold's going to drop
below $1000 - and here is an example of his flip-flopping
from the previous prediction. Sub $1000 has not occurred even 2.5
So presently, different from most of our researched analysts - Martin Armstrong is not feeding fantasies of an imminent rise in the Precious Metals - which, perhaps should be commended as he would probably get more subscribers supporting and trending the Goldbug's hopes. But it seems his, supposed, prescient calls from decades past, have not been supported with any recent calls that he can put on his resume. He seems as clueless as the rest. By making many varied calls perhaps he believes that one would stick to embolden his reputation - like a broken watch is right twice a day. I think the absolute best you can say about him now is that his colorful calls are way too early - OR at worst he should simply be ignored for any short term predictions.