A look at the Gold and Silver Charts (11.01.2024)

Who bosses the bosses?
The FigureHeads_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

I wasted my time learning economics in the 1970’s. I only needed these critical lessons.

Econonomics101_Randy Glasbergen cartoon
© Randy Glasbergen

The year is up and running. Day by day, it unfolds before our eyes. Can we believe what our eyes are seeing? So much propaganda, so many lies, so much obfuscation, and so many false flags. Who is telling the truth?

The politicians all want to stay in power and keep their hands on the throttles as well as in the pockets of the tax payers to carry on enriching themselves. This gives the deep state control over them as they pay off the politicians with bribes or blackmail.

Politicians supposedly represent the people, but just give away our rights with no pushback from the general population to speak of. 

The generals want war and more money for them and their minions. The people are the cannon fodder. No one cares about the losses. Just more money for them; screw the consequences. 

Whoever loses, they don’t care, they squirrel away vast sums of currency. They are not in the trenches, nor are their nearest and dearest.

The bankers on both sides, probably the same source, laugh all the way to their own coffers. Money for blood. What a trade!

The military, industrial, and banking complex is a lethal combination. The weapons they have access to are unimaginable to us mere mortals, and that puts us in imminent danger if or when we push back. 

Replacing the ‘bad guys’ previously selected for us by the deep state, ( a selection, not an election ), is not the answer. We have to select on merit and remove all the bad immoral laws that have been accumulated over time.

Say remove ten useless immoral laws for one new one in favor of humanity. Only have one idea or appropriation per bill. There is no hiding ‘appropriations’ for anything other than that specific spend. No bills longer than two pages. Total transparency …

Appropriate /ə-prō′prē-ĭt/

  • adjective
    • Suitable for a particular person, condition, occasion, or place; fitting.
  • transitive verb
    • To set apart for a specific use.
      “appropriating funds for education.”
    • To take possession of or make use of exclusively for oneself, often without permission.
      “My coworker appropriated my unread newspaper.”

The American Heritage® Dictionary of the English Language, 5th Edition • More at Wordnik


Our system has given us a buy signal on BTC vs. Gold in other words favor bitcoin against gold.

Despite a couple of false starts on BTC when the SEC site was hacked, they finally approved the thirteen spot BTC ETF’s whilst not endorsing them. 

The price on the day yesterday (Wednesday evening), ended at almost no change and is up 1.5% this morning.

My fear, although many are cheering this additional method of trading bitcoin, is that immediately another, easier, method of manipulating the price comes into being.

I understand that additional funds will be brought into the bitcoin environment. Is this for better or worse?

$BTCUSD:$GOLD Bitcoin to US dollar/Gold CRYPT 11th January 2024


Here is a ten year chart of gold showing the price of physical gold compared to the gold stocks. The blue line relative to the candlesticks indicates how far the stocks are lagging the gold price.

In addition, the candlesticks show how gold is breaking out of the ten-year cup and handle pattern to the upside.

$GOLD Gold - Stocks Continuous Contract (EOD) CME 11th January 2024

In order to get a good look at the silver versus silver stock prices, I have had to go to a longer fifteen year time period.

We had a very elongated cup, then good handle formation, which broke down and appears to be recovering. Once again, the stocks have far underperformed the physical metal. Orange line.

Whilst gold has now outperformed its previous highs, silver still languishes at about half of its previous high of 2011.

When this obvious distortion rectifies, this will be a market to be invested in.

$SILVER Silver - Stocks Continuous Contract (EOD) CME 11th January 2024

This past year has been a stellar one for physical gold outperforming all the major US indexes, including Bitcoin, as this chart from Stansberry Research shows.

Below, we see the gold stock cycles and percentage returns from 1975. With the value of the dollar dissipating at the rate it is and inflation behaving the way it is, directly because of FED policy. The next cycle will be a doozy.

chart-GoldFreq-1975 to 2015

Physical gold and silver have had a relatively quiet week with small price movements


Illustration of the USD and EUR against gold. I see nothing in this chart hinting at a reversal. This indicates higher priced gold measured in these currencies on a trend basis.

TodayLast Week
Gold Price$2,033.00$2,040.00
Silver Price$23.07$22.97
Gold:Silver ratio88.17:188.91:1
Gold Miners bullish percent index50.0053.57
Dollar Index102.20102.43
Dow: Gold Ratio (BahaUS 37721.00 Gold price, $2,033.00)18.5518.38
Current USA inflation rate (Dept. of Statistics3.1%3.2%

Gold’s low of the week was $2,017.00 and the high was $2,046.00, now trading at around $2.037.00.

  • The monthly chart for Gold  is a hold. I am still concerned with the spike high produced by the sharp increase in price last month, 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, except for the rate of change. If anything, funds are flowing into the market.
  • The daily chart triggered a buy last week, which has been reversed to a sell.

$GOLD Gold - Continuous Contract (EOD) CME 11th January 2024

The low for Silver this week was $22.77 and the high $23.37, trading around $23.14 at present.

  • Silver on the monthly chart indicates a hold but is on the cusp of a sell. Hanging on by its fingernails.
  • The weekly chart has had us on a rollercoaster and changes almost every week at present. The sell signal has been triggered, so we follow the signal.
  • The daily chart remains out.

$SILVER Silver - Continuous Contract (EOD) CME 11th 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

On the 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

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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