Volatile Markets Loom Ahead
Financial analyst Martin Armstrong shares his insights on precious metals, Ukraine and the threat of war faced by the NATO countries. Armstrong speaks with journalist Greg Hunter on a new edition of USAWatchdog.com
Armstrong says we can expect continued “volatility” over the short term future. While gold and silver will continue to rise in price, there will be short-term pullbacks as well as periods when refiners are overbooked, to the extent they aren’t really open to taking on more work. “This is not the major high. We have too much craziness on the horizon, from sovereign debt default to war,” says Armstrong. “You are just getting a pullback and consolidation. . ..”
He’s looking for silver to reach $165 to $200 per ounce, while for gold, “I am looking at resistance at the $8,500 per ounce level and, after that, $10,000 per ounce . . . in the next few years.”
Armstrong also discusses the difficulty in arriving at peace in Ukraine — as NATO continues to undermine efforts to end the war. Do the NATO countries fear a Russian invasion, or are they using Ukraine as an excuse to cover up their own internal problems and incompetencies?
