Gold - 2017 and 2020 is when we will most likely see the collapse in govt confidence.

The Decline Level of Confidence in Govt & Gold

Posted on February 4, 2016 by Martin Armstrong

QUESTION:  Martin, You have said on multiple occasions, that gold will only rise when the Market loses confidence in the Gov’t.This Mid-Benchmark Rally you note here in this article.

is this a temporary blip???, temporary rally???, that will still pop and go bust to the low side???

Or are people losing Confidence in Gov’t now??? is that happening hence this rally???

Thanks

SH

ANSWER: Of course there are many of us who have already lost our confidence in government. Odds are you would not be reading the blog otherwise. Granted, more than 3 million unique viewer read this blog. We are still well below the 10% mark of the US adult population which would be about 23 million, so we are far from that level at this time.

Nevertheless, the rise in the polls of Donald Trump reflect this growing dissatisfaction with government. When Social Security goes bust in 2017, our computer is projecting that between 2017 and 2020 is when we will most likely see the collapse in confidence.

Therefore, it is still premature to expect a breakout just yet. Governments are still moving toward negative interest rates. This will help shift capital from PUBLIC to PRIVATE. 

The volatility is still insane. Gold should make a new low yet this year. However, since we DID NOT get the sell signal in gold at year-end, then this is the bounce, but do not expect it to be a breakout just yet.

Population, 2014 estimate	318,857,056
Population, 2010 (April 1) estimates base	308,758,105
Population, percent change – April 1, 2010 to July 1, 2014	3.3%
Population, 2010	308,745,538
Persons under 5 years, percent, 2014	6.2%
Persons under 18 years, percent, 2014	23.1%
Persons 65 years and over, percent, 2014	14.5%
Female persons, percent, 2014	50.8%