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A look at the Gold and Silver Charts (02.05.2024)

Then and Now_GRRRGRAPHICS

Every time I watch the news or read another article, my mind says none of this makes sense unless it is orchestrated. I think that possibly one entity or team controls all sides.

The possibilities for peace are endless, so why do we have war?

I see how COVID was pre-planned years in advance, the patents, the manufacture of the “vaccines”, which companies were selected to supply them, etc.

Which were the fortunate companies “selected” to stay open for staple goods, while all competition was forced to shut.

What was the purpose and who controlled the worldwide operation?

Next the “war” between the bad guys, Russia and the good guys Ukraine, which is what we are supposed to think. Who really are the bad guys and are there any good guys?

Let us look at who benefits. It is the same guys every time. Military, Industrial, Banking, and Political cabal.

Now we have Gaza, an unexplained failure in intelligence at the exact moment that they are attacked. Relatively quick success in the rest of the territory, but the naughty USA restricts and controls the Israeli military.

So the war gets dragged on, Iran gets involved, the surrounding territories cannot be controlled, Hamas refuses to accept any peace offering or it provides untenable options which Israel cannot abide and the war goes on.

More equipment, more ammunition, bigger loans and borrowings of more printed currency. Who wins? Believe it or not it is the same guys. Military, Industrial, Banking, and Political cabal.

Human lives and suffering have no consequence in this arrangement. Who picks up the tab? Where have the trillions of dollars unaccounted for gone?

This has been going on for years and we have been kept ignorant.

Don’t get me started on climate, chemtrails, oil, food, and a litany of other subjects where I see nefarious control.

Our reason for being this aware (paranoid) is that we are continuously assessing risk in order to protect our clients and our assets.

BITCOIN AND GOLD

BTC:GLD below shows bitcoin  still underperforming Gold, no signal to buy bitcoin yet.

$BTCUSD:$GOLD Bitcoin to US dollar/Gld CRYPT 2 May 2024

Bitcoin reversed its buy within a day of giving the signal. And has dropped exactly to the 50% Fibonacci retracement and appears to be bouncing off of that.

$BTCUSD Bitcoin to US dollar CRYPT 2 May 2024

GOLD AND SILVER STOCKS

Gold stocks are outperforming the physical metal.

$GOLD:$HUI Gold- Continuous Contract (EOD) Gold Bugs Index - NYSE - 2 May 2024

Silver stocks outperform physical silver.

$SILVER - SIL Silver- Continuous Contract (EOD) Global X Silver Miners ETF 2 May 2024

GOLD AND SILVER

Gold once again is outperforming silver. Let’s see where this goes.

$GOLD:$SILVER Gold Continuous Contract - (EOD) Silver - continuous 2 May 2024

GOLD TO USD

Gold v USD  The USD is outperforming gold.

$GOLD:$USD Gold - Continuous Contract (EOD) CME 2 May 2024

A LOOK AT THE GOLD AND SILVER CHARTS
TodayLast Week
Gold Price$2,304.00$2,330.00
Silver Price$26.62$27.34
Gold:Silver ratio86.51:183.66:1
Gold Miners bullish percent index82.1482.14
Dollar Index106.62105.57
Dow:Gold Ratio (BahaUS 38024.00 Gold price, $2,304.00)16.5016.29
Current USA inflation rate (Dept. of Statistics)3.5%3.2%

Gold’s low of the week was $2,282.00 and the high was $2,347.00, now trading at around $2,302.00.

  • The monthly chart for Gold  is a hold. We bought in at $1,800.00 and have held it to date. It looks overbought but the indicators are mainly positive.
  • The weekly chart remains a hold.  Looking overbought but no sell yet. Subject to my worries on the spike high. (see chart below)
  • The daily chart is a sell.

$GOLD Gold - Continuous Contract (EOD) CME 2 May 2024

The low for Silver this week was $26.01 and the high $27.43, trading around $26.60 at present.

  • Silver on the monthly chart indicates a hold. It needs to break $30.35 then $50.00. The signals look strong for now.
  • The silver weekly chart is a hold. It touched the top of the trading range but could not hold above it. (See chart below)
  • The silver daily chart is a sell. Vindicating the spike

$SILVER Silver - Continuous Contract (EOD) CME 2 May 2024

Our partner has stock of both Gold, Silver and Goldbacks in our vaults available in Panama. Please contact us for more information.

Goldback - Fort Kobbe Vaults - Panama. WE ACCEPT GOLDBACK

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.

Larry Simon
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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