Fort Kobbe Vaults newsletter

A look at Gold and Silver Charts (07.06.2023)

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Thank you to  all of our subscribers that wrote back and requested more information on the similarities between the fall of Rome and the current American situation. I will try to cover more of this specifically for you.

Because this is such an interesting and diverse topic, I will break it down into around 14 segments, of which I will address one segment in each of the upcoming weekly emails.

I have oversimplified this more for my own edification than any other reason, and I understand that it is written in an extremely short form and therefore misses many features.

Combining the Roman and American situations with Doug Casey’s conditions to avoid a Dark Age, we find a number of coinciding factors comparing today with those of Roman times.

In order to avoid a Dark Age and for people to prosper, limited government is required.

If we look at the Roman Republic starting around 509 BC, it was ruled by elected officials, consuls, and senators. It expanded its influence through military conquests and diplomacy, encompassing vast territories in Europe, North Africa, and the Middle East.

Around 27 BC, it became the Roman Empire with Augustus the first Emperor. The system centralized power in the hands of the Emperor, who had supreme authority. 

As the empire grew, so did the government in a disproportionate way, with each authority building its own structure beneath it.

Vast regions were controlled by the Empire, from Brittania in the northwest to Mesopotamia in the east and Egypt in the south.

As the Empire grew, it became unstable with political instability, economic issues, military defeats, and internal conflicts.

The Empire was finally split into Western and Eastern Empires in order to retain control, with the Eastern Empire falling in 476 AD and the Eastern Empire lasting until 1453 AD

People were not happy under the heavy hand of a bloated, over controlling government.

If we look at the US, starting with the States, then Federalizing them, with the President basically controlling the States through the Federal Government and also being the Supreme Commander of the military, we see many parallels with the growth of the Roman system.

When we add the projection of military power around the world, currently around 750 bases in 80 countries, we begin to see the vastness of the control and influence that the US has. The presence of the bases is a double edged sword for the countries concerned.

They have protection but are as well subject to coercion.

Reference

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These bases are not always welcome, and the countries often suffer and protest the fact of the bases and their use. 

One of the main reasons for the fall of Rome was that the people welcomed the ‘attackers’ because of the way they were treated by their current government. 

I fear that I see similar tendencies, regarding the resistance to the impositions on people and countries by the administration. In my opinion, this is not just an American issue, it is a worldwide issue, with countries reacting to the current American administration’s overreach.

Having said that, this has been going on for many decades and must be stopped because of the risk of people accepting the ‘attackers’.

I wonder if it is not too late.

Unfortunately, the potential attackers do not appear to have the best interests of the locals, within the US and outside of it, at heart.

My opinion is that it is one bad lot trying to take the territory of the other.

It would be in our best interests to have our own system with our own structures to replace the potential New World Order being implemented as we speak.

Gold and Bitcoin

Gold is looking oversold at this point, compared to Bitcoin, there are only a couple of indicators predicting a change in the situation at this moment. We can keep an eye out for gold to appreciate faster than BTC. This does not appear imminent.

$GOLD: $BTCUSD Gold - Continuous Contract (EOD) Bitcoin to US dollar CRYPT 06 July 2023

Gold and Silver Stocks

Gold physical has been outperforming ASA, the proxy for gold shares, for the previous two months. The two previous days on the chart appear to be reflecting a reversal. We also have an oversold situation for gold and a couple of reversal indications. We wait for positive confirmation. The hit on gold, silver and platinum this morning may negatively affect the stocks relative to physical.

ASA:$GOLD ASA Gold and Precious Metals- 06 July 2023

Comparing Silver to SIL, a proxy for silver stocks, it would appear that physical silver has run its course against the stocks. There is a sell signal now in place, indicating that silver stocks will begin to outperform the physical metal.

$SILVER - SIL Silver- Continuous Contract (EOD) Global X Silver Miners ETF

Gold and Silver

April 7 (King World News) – “The appearance of global spikes in govt. debts or inflation concerns further increase the importance of gold in national strategy as a safe-haven asset and as a store of value. As a result of this decision, the country’s gold reserves have been raised from 31.5 tons to 94.5 tons.” – Hungary National Bank

Watching the hit on physical precious metals prices this morning, for longer term investment, I would be following what the countries and big banks are doing, buying at depressed prices.

Look at the Gold and Silver chart

TodayLast Week
Gold Price$1,902.00$1,895.00
Silver Price$22.70$22.56
Gold:Silver ratio83.72:183.94:1
Gold Miners bullish percent index39.2939.29
Dollar Index102.85103.06
Dow:Gold Ratio (BahaUS 34,008.00/Gold price, $1,902.00) =17.8817.87
Current USA inflation rate (Dept. of Statistics)4.0%4.9%

Gold’s low of the week was $1,902.00 and the high was $1,934.00, now trading at around $1,905.00.

  • The monthly chart for Gold is a hold, looking weaker.
  • The weekly chart remains an ‘out’.
  • The daily chart remains in a sell.
$GOLD Gold - Continuous Contract (EOD) CME 06 July 2023

The low for Silver this week was $22.66 and the high $23.31, trading around $22.74 at present.

  • Silver on the monthly chart remains a hold but looking slightly better. 
  • The weekly chart is a sell, turning up but not a buy yet.
  • The daily chart is a sell. Price is inside the long term trading range. There is major support at around $22.00 then $20.00.
$SILVER Silver - Continuous Contract (EOD) CME 06 July 2023

Our partner has stock of both gold, silver and Goldbacks in our vaults available in Panama.

Please contact us for more information.

Goldbacks Fort Kobbe Vaults Panama

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.

If you are interested in an overview of Fort Kobbe, you may want to have a look at this video: Mike Brown, Director, Fort Kobbe, International Vaults, A DotCom Magazine Exclusive Interview

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.

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