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A look at the Gold and Silver Charts (04.01.2024)

Wishing all of our friends a healthy, prosperous and Happy 2024! May all your best wishes you wish yourselves and your families come to fruition.

USA New Year Welcome-Ben Garrison cartoon
© With permission granted by Ben Garrison, reproduction and republication is expressly prohibited. Visit Ben Garrison’s website by clicking on this link
National_debt_Hedgeye Cartoon
© Hedgeye Risk Management, LLC with permission granted by Hedgeye, reproduction and republication is expressly prohibited

We have a plethora of exciting events ahead of us this year.

  • Continuation and spread of conflicts around the world withMillions killed in wars and by ‘chemical’ poisoning. 
  • Inflation and criminal mismanagement of funds.
  • Limitless debt ceilings.
  • Shaky banks.
  • Central Bank Digital Currencies.
  • Never ending health crisis.
  • “Climate catastrophe”.
  • The specter of crunching on crickets.
  • Millions of illegal immigrants being invited into our countries, well supported, well funded, strategically located, accommodated and fed.
  • Vulnerable, overpriced markets.
  • Undervalued real assets like silver.
  • Untrustworthy governments, etc.
  • A large number of countries having “Selections”, sorry I meant Elections.
Humanity is deliberately being pushed to the limits.

I wish I could fathom the real reason and dismiss the many possibilities. 

The global three letter agencies have made no secret that we are viewed as useless eaters.

The Georgia Guidestones (an  intriguing story to read), told us they only want five hundred million people on the planet.

So, being a new fresh blank slate, I believe we need desperately to think of what it is to be free, then how to make that freedom a reality, to implement our ideas en masse.

Chat GPT gives a few examples which I have edited to remove certain biases, in my opinion:

  • Political Freedom: The ability of individuals to participate in the political process, express their views, and choose their own leaders through free and fair elections. Using paper ballots counted and recorded by unbiased reputable counters over a one day period with an unblemished chain of custody with no intimidation of any sort pre, during or post election.
  • Civil Liberties: Protection of individual rights and freedoms, such as freedom of speech, freedom of assembly, freedom of religion, and the right to privacy.
  • Economic Freedom: The ability for individuals to engage in economic activities, own property, and pursue economic well-being without excessive government interference.
  • Rule of Law: A system where laws are applied equally to all individuals, ensuring a fair and just society. This includes protection from arbitrary arrest, imprisonment, or other forms of legal oppression.
  • Equality and Non-Discrimination: The idea that all individuals should be treated equally and without discrimination based on factors such as race, gender, religion, or socioeconomic status.
  • Educational Freedom: Access to quality education and the freedom to pursue knowledge and intellectual growth without restrictions.
  • Freedom of Movement: The ability to travel within and between countries without undue restrictions, promoting cultural exchange and economic opportunities.
  • Health and Well-being: The freedom to enjoy a basic standard of living, including access to healthcare, clean water, and a safe environment.
  • Cultural and Personal Freedom: The right to preserve and practice one’s cultural traditions, as well as the freedom to make personal choices regarding lifestyle, relationships, and self-expression.
  • Access to Information: The freedom to access, share, and disseminate information, promoting transparency, accountability, and an informed citizenry.

I would love to see a plan in place to replace the existing system because if the current regimes are removed with no legitimate plan to replace them, the likelihood of a worse regime is sadly a high probability.

Please give thought to the “type” freedom you desire for you and your loved ones and the minimal limitation on that freedom you could tolerate.

Here’s to a fulfilling successful new year of love and peace.

BITCOIN AND GOLD

Our system has given us a sell signal on BTC v Gold in other words favor gold against bitcoin. All the indicators confirm this position.

$BTCUSD:$GOLD Bitcoin to US dollar/Gold CRYPT  04th January  2024

Interestingly, whilst BTC has been quite volatile, with quite large moves our system has not given a buy signal yet.

$BTCUSD Bitcoin to US dollar CRYPT 04th January  2024
GOLD AND SILVER STOCKS

Gold is  appreciating at a faster rate than the stocks. Are people scared of the stock market here? Is gold being ALLOWED to rise? We wait to see.

$GOLD:$HUI Gold- Continuous Contract (EOD) Gold Bugs Index - NYSE - 04th January  2024

Silver compared to silver stocks reflects the stocks sustainably outperforming the metal since the beginning of November 2023. Is this more concentrated SUPPRESSION of the silver metal over this period? This indicator is close to a change back.

$SILVER - SIL Silver- Continuous Contract (EOD) Global X Silver Miners ETF  04th January  2024
GOLD AND SILVER

Gold exceeded the resistance at $2,046.00, spiked to $2,143.00 then retreated to $1,974.00, and is slowly recovering ground at $2,045.00.

Silver could not take out its resistance at $26.00, almost got there a couple of weeks ago at $25.91 then fell back to support at $22.96 which is the level it sits at now.

GOLD TO USD

The chart below shows the inverse relationship of Gold and the US$ continuing. Gold is acting once again opposite to the USD.

$GOLD:$USD Gold - Continuous Contract (EOD) CME 04th January  2024
A LOOK AT THE GOLD AND SILVER CHARTS
Last WeekToday
Gold Price$2,040.00$2,044.00
Silver Price$22.97$24.41
Gold:Silver ratio88.91:183.81:1
Gold Miners bullish percent index:53.5753.57
Dollar Index102.43101.90
Dow: Gold Ratio (BahaUS 37498.00 Gold price, $2,040.00)18.3818.25
Current USA inflation rate (Dept. of Statistics3.1%3.2%

Gold’s low of the week was $2,030.00 and the high was $2,079.00, now trading at around $2.039.00.

  • The monthly chart for Gold  has given a buy indication, I am still concerned with the spike high produced by the sharp increase in price followed swiftly by the reversal. 
  • The weekly chart remains a hold. The spike high still needs careful watching. None of the indicators give a sell indication yet. If anything, funds are flowing into the market.
  • The daily chart triggered a buy last week which is about to be negated.
$GOLD Gold - Continuous Contract (EOD) CME 04th January  2024

The low for Silver this week was $22.83 and the high $24.09, trading around $22.92 at present.

  • Silver on the monthly chart indicates a hold but on the cusp of a sell.
  • The weekly chart has had us on a rollercoaster and changes almost every week at present. Almost ready to sell after getting a buy two weeks ago.
  • The daily chart remains out.
$SILVER Silver - Continuous Contract (EOD) CME 04th January  2024

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

Goldback FortKobbeVaults Panama
play-icon

A video by Mike Adams on the Goldbacks. Well worth a look!

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

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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