This cartoon makes me think of the adage that when 95% of the work is done, there is only 95% to go.
The worldwide situation appears to be randomly unfathomable. I do not believe that for a second. As I amateurishly try to assess the existing wars, outbreaks of war, skirmishes, etc. it appears that all of these wars are coordinated. Will we ever be able to find the ultimate instigators of this violence and mayhem?
We know who the politicians are, we know the generals, we know the bankers, we know the companies making the weaponry, we understand how the medical and drug companies benefit from the sick and injured, we are aware that they want the world population vastly reduced. What we do not know, and in my opinion it is deliberate, is who THEY are that are directing this entire operation.
The orchestration of both major wars is absolutely patent. Real people are being killed and injured. Equipment is being destroyed. Ukraine has had 650,000 people killed and at least double that injured. How can one not capitulate against those numbers? Why do THEY want the war to continue?
We need to know who THEY are and stop them if we want peace.
Is what we are seeing the first 95% or is it the second 95%? I believe we are still at the later part of the first 95%.
From a viewpoint of us mere mortals, we have war and stagflation to deal with at the very least. Our failing monetary system is probably a part of the reason for war.
Implementation of one world government, one world monetary system, tokenized assets, compulsory medical compliance. Total control of humanity is already more advanced than we realize. Unless we resist this implementation we are doomed.
I see light at the end of the tunnel, but it is dimming fast. When I see real reversals I will believe in Trump. Thus far words and no action. I look forward to his second term.
Joe still has time to pardon all the bad actors for sins past and future. Both sides of the aisle. Let’s see how that works out.
BITCOIN AND GOLD
I have just skimmed through the few cryptos I have in my trading system, and I am not excited by what I see happening in the next few days. It looks to me as if we are about to see a severe crash, at least a 20% drop. The market looks way overbought. Unless something to give me more confidence magically appears, I fear a huge correction or crash.
I understand that Trump has been saying that he is the Bitcoin president, which has pushed most cryptos higher. Let’s see what happens now.
BTC:GLD: Gold outperforms Bitcoin. The spike high of last week marks the turn as bitcoin begins to underperform gold. GAPS GET FILLED.
This looks no longer to be true this morning. I am bewildered by the run of the price of bitcoin last night to $102,978.00 with indicators overbought and all other indicators negative BUT the OBV still positive. The OBV is derived by taking the price positive or negative and adding or deducting the volume from the previous sum.
One then ends up with a cumulative positive or negative trend. This is the only indicator I use that is still positive.
ETHUSD: Hold. I would skip this buy signal as ETH looks overbought and ready to turn down. See remark above.
BTCUSD: Out 24 November 2024. We had a nice clear sell signal with all indicators pointing down. Last night’s price makes me reluctant to buy into Bitcoin. I will wait for a reversal to buy back in.
GOLD AND SILVER STOCKS
Gold stocks outperform gold. The movement this week is sideways. Let’s see how it breaks.
Silver stocks outperform silver.
GOLD AND SILVER
Silver to Gold Ratio
Silver outperforming gold. Signal just given 2 December 2024.
GOLD TO USD
The USD continues to outperform gold, however there are signs of a turn around which appear to be dissipating.
A LOOK AT THE GOLD AND SILVER CHARTS
| Today | Last Week | |
|---|---|---|
| Gold Price | $2,652.00 | $2,660.00 |
| Silver Price | $31.34 | $30.82 |
| Gold:Silver ratio | 84.56:1 | 86.30:1 |
| Gold Miners bullish percent index | 67.86 | 67.86 |
| Dollar Index | 106.05 | 105.98 |
| Dow:Gold Ratio (BahaUS 44972.00 Gold price, $2,652.00) | 16.86 | 16.87 |
| Current USA inflation rate (Dept. of Statistics) | 2.4% | 2.6% |
Gold’s low of the week was $2,622.00 and the high was $2,657.00, now trading at around $2,652.00.
- Gold Monthly: is a hold. We bought in at $1,800.00 in October ‘23. Funds flows into the metal are substantial and continuing. (Chart below).
- Gold Weekly: is Out. Recovery in progress, no buy signal yet.
- Gold Daily: Buy 28 November.
The low for Silver this week was $30.05 and the high $31.47, trading around $31.30 at present.
- Silver Monthly: Hold. Buy signal taken at $24.00 in March. Weakening. Out of overbought territory. Good funds flow into the metal. (Chart below).
- Silver Weekly: Out (7 November 2024). Indicators turning positive. Signs of stabilization. No buy yet.
- Silver Daily: Buy. (2 December 2024) The price bounced off $30.00.
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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
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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