Fort Kobbe Vaults newsletter

A look at the Gold and Silver Charts (09.11.2023)

Financial and Investments Planning_RandyGlasbergen cartoon

Our discussions regarding the safety of the facility are broad ranging and cover security, logistics, political, environmental, and economic risks not only in Panama but worldwide.

Our chat today related to the placement of fiat funds. More and more we struggle with the red tape involved in banking in Panama. The banks in Panama are generally averse to transactions involving gold and silver.

Although our partner company which is in the US has had much better success with banking and metals purchases and sales, the risk we see in the US and US dollar based currencies is systemic risk, devaluation of the dollar and worse, bank risk.

Lack of liquidity and irresponsible investment of funds and the totally out of control “investment” in derivatives have left particularly the ‘too big to fail’ banks extremely vulnerable. 

It appears that the FED is no longer willing or capable of financing the ever-increasing requirements of the banks. Not only that but the FDIC (Federal Deposit Insurance Corporation), has used its funds bailing out the few, in proportion to what is coming, banks that have collapsed.

Do you think you will get cover on your deposit?

What to do? Our plan is to ensure that all outstanding debt is settled. That cancels those obligations, which from a moral and ethical point of view makes sense.

Then with balances in the system, to split them within the banking system mitigating the risk of being in one bank and in addition, to move funds offshore and out of the dollar. Then split those funds between institutions. 

Should all your funds be in cash? I think not. Diversification seems to be the answer once again.

In my opinion, right now I am skeptical of the longevity of the run in the stock market, so commodities, precious metals, art, cryptos, even property although, as discussed last week, I have reservations.

  • How do we save ourselves from the noose being tightened around our necks?
  • What about the wars flaring up around us?
  • Have we considered food security?
  • Are our currencies being debased?
  • Could all of these blights on society be deliberate?
  • Is this about world depopulation?
  • Is it about total worldwide personal control?
  • What about censorship?
  • Why are our politicians not stopping this or working in our interests?
  • What about the  monitoring of our cellular and computer generated traffic?
  • What has happened to individual privacy?
  • Why are the bad guys not being removed from their respective positions of power?

How do we as individuals help to reverse this tyranny?

After a nice run, Bitcoin appears to be running out of steam. Although it has not yet given a sell signal on our system the Rate of Change Indicator has turned negative as its performance has stalled.

$BTCUSD Bitcoin to US dollar CRYPT 8 November 2023

Bitcoin is still outperforming gold as it stands, but does appear overbought in comparison to it.

The gold to HUI ratio this week has been mixed to neutral with indicators not giving new direction, but still showing gold stronger than the gold stocks.

The Silver to SIL ratio has given a sell signal, meaning the stocks are stronger than the physical metal. Unfortunately, the ratio has given many false signals as physical silver has continuously outperformed the stocks. 

The suppression of the prices of gold and silver becomes more and more obvious as the world faces more calamities and neither price moves proportionally. Unless of course there is no real problem!

The Gold:Silver ratio is 87.37 ounces of silver buys one ounce of gold. The mines are producing only seven to eight ounces of silver to one ounce of gold. How is it possible that this ratio persists?

We understand that gold is a monetary metal and silver quasi monetary. One would think that because of silver’s relative rarity, it would command prices much closer to the production ratio.

That would equate to a price closer to $220.00 per ounce. I believe this is easily within the realm of possibility.

According to the system, (chart below), there is no reversal in the immediate future.

$GOLD:$SILVER Gold Continuous Contract - (EOD) Silver - continuous 8 November 2023

When looking at the gold price against the DXY Dollar Index we see them uncharacteristically tracking one another. Gold looks very close to a sell should the Rate of Change indicator not reverse.

Historically one would expect the gold price to increase as the dollar weakens.

$GOLD:$USD Gold - Continuous Contract (EOD) CME 8 November 2023
Last WeekToday
Gold price$1,946.00$1,985.00
Silver price$22.51$22.95
Gold:Silver ratio86.39:186.40:1
Gold Miners bullish percent index21.4317.86
Dollar Index105.69105.94
Dow:Gold Ratio (BahaUS 34164.00 Gold price, $1,946.00)17.5616.87
Current USA inflation rate (Dept. of Statistics)3.7%3.7%

Gold’s low of the week was $1,944.00 and the high was $1,993.00, now trading at around $1,945.00.

  • The monthly chart for Gold is an out indicator but recovering well.
  • The weekly chart is looking weak, but not yet a sell.
  • The daily chart is a sell.
$GOLD Gold - Continuous Contract (EOD) CME 9 November 2023

The low for Silver this week was $22.29 and the high was $23.25, trading around $22.49 at present.

  • Silver on the monthly chart indicates out and most indicators are still negative..
  • The weekly chart has had us on a rollercoaster and is indicating out. The buy indicators have not triggered yet.
  • The daily chart is a sell.
$SILVER Silver - Continuous Contract (EOD) CME 9 November 2023

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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