Fort Kobbe Vaults Newsletter

A look at Gold and Silver Charts (03.16.2023)

Tip of the Iceberg_Hedgeye cartoon
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The banking debacle I think is just the beginning of a series of events channeling us into the New World Order Central Bank Digital System. How far and what contagion there will be is still to unfold. 

At this early stage we can only guess where this is going, but I believe that the banks felt that they were invincible and  with zero reserve requirements and the understanding that the FED had their back that they could take advantage of the best long term rates in the treasuries market ignoring short term liquidity requirements of their clients.

I have a feeling that there is much more behind the scenes than what we are being led to believe.

Could there be an element of destroying the confidence in crypto’s and the transfers between currency and crypto’s?

Is there an element of criminal behavior that is being stamped out, and if so, what about the ‘too big to fail banks’? What is it about these particular banks that allow them to have bailouts?

Why are certain bankers liable for criminal prosecution and others not? Were there donations to parties deemed unfavorable to other parties?

What is the status of all other banks and why is this not public information? 

There is much to unpack here and my musings above do not even begin to scratch the surface of the myriad possibilities.

Gold and Silver

The banking debacle mentioned above, certainly set the gold and silver markets as well as the mining stocks and Bitcoin on fire as the daily charts below will display.

If there is a continuation of failures it seems to me to be possible that the gold, silver, stocks and certain crypto’s prices will hold their gains and continue to rise as people run for safety outside of the traditional financial system.

Relative to where markets were only a year ago the movement is relatively small. I cannot see that the failed banks are the only vulnerable banks or institutions on earth and expect to see certain unexpected and unrelated companies to be stressed.

$BTCUSD. Bitcoin to US dollar CRYPT 20230316

Look at Gold & Silver Charts

TodayLast Week
Gold Price$1,924.00$1,818.00
Silver Price$21.80$20.10
Gold: Silver Ratio88.13:190.41:1
Gold Miners Bullish Percent Index37.9334.48
Dollar Index104.49105.43
Dow: Gold Ratio
(BahaUS 31,639.00/Gold price 1,923.90)
16.4418.03
Current USA inflation rate (Dept. of Statistics)6.0%6.4%

Gold’s low of the week was $1,869.00 and the high was $1937.00, now trading at around $1,924.00

The monthly chart for Gold is neutral but continuing to recover the losses of the previous month .

The weekly chart has altered from sell to buy and on this time line appears that it will hold.

The daily chart gave a buy due to the banking turmoil. I am scared to call a full on buy as the indicators are giving me an overbought signal.

$GOLD - Gold Continuous contract EOD. 20230316

The low for Silver this week was $20.50 and the high $22.38, trading around $21.79 at present.

Silver on the monthly chart has given a sell signal. We will have to wait for a proper reversal.

The weekly chart is flirting with a buy and if it holds this level or improves in price shall do so.

The daily chart gave a buy on Tuesday but appears overbought at this level and may pull back again.

It is however, back inside and at the bottom of its long term trading range.

$SILVER- Silver Continuous contract EOD. 20230316

Our partner has stock of both gold and silver in our vaults available in Panama, please contact us for more.

On the Stockcharts.com charts, the blue vertical lines are our proprietary system buy signals and the red vertical lines are system sell signals – for information purposes only.

Please contact us to arrange the purchase and storage of your gold and silver requirements in a safe, insured, location outside of your jurisdiction.

This is my interpretation of the market and is not to be taken as financial advice. Before making any buy or sell decisions I recommend that you consult with your professional financial advisor.

Larry Simon

Larry Simon was educated at the University of Witwatersrand, Johannesburg, South Africa and is an experienced businessman specialised in management, investment and finance.

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