The debate in my opinion was not funny Haha, but it was most certainly funny peculiar.
As I watched the presidential debate on Tuesday evening, I must admit that I was unimpressed on all sides, the ‘interviewers’, as well as the candidates, each for different reasons.
The stories are as old as electioneering. Promises, promises, promises. The construction of the questions and the treatment of the candidates, leaves many questions.
Gullible people usually pick the best promises. Both candidates have a track record to which we can easily refer.
Pre-prepared stories, old gripes and very little of ‘this is what I will do and how I will do it’. I feel that a much longer, more detailed debate should be held. Perhaps over a number of sessions.
Fair time for questions to be answered and rebutted without too much interviewer interference may give a truer picture.
Both candidates seemed extremely constrained. Trump looked bottled up and angry, Harris looked strained and lost her escapist cackle.
In terms of the market and metals, there is almost no post-interview reaction. This morning, two days later gold appears to be reacting, but this could be because of military as well as political activity.
The construct and tight rules of the debate made it uninteresting, bland and almost as expected from both sides.
Who counts the votes counts as we draw closer to voting day.
BITCOIN AND GOLD
BTC:GLD: gold outperforms Bitcoin.
ETHUSD we are out. There are signs of a reversal, no buy signal.
BTCUSD we have a spike low and the signals have turned down. No buy yet.
GOLD AND SILVER STOCKS
Gold physical is outperforming gold stocks. This appears to be reversing. I believe by next week this will turn.
Silver outperforms Silver stocks. This appears to be reversing. We have a spike high but no confirmed reversal yet.
GOLD AND SILVER
Silver is trading in a tight range even though this morning gold is hitting new highs. The presidential debate does not appear to have had much effect on either.
Silver to Gold Ratio
Gold is outperforming silver. It appears that the ratio is changing, but no switch yet.
GOLD TO USD
USD is now outperforming gold.
A LOOK AT THE GOLD AND SILVER CHARTS
| Today | Last Week | |
|---|---|---|
| Gold Price | $2,546.00 | $2,522.00 |
| Silver Price | $29.37 | $28.83 |
| Gold:Silver ratio | 86.58:1 | 87.56:1 |
| Gold Miners bullish percent index | 78.57 | 78.57 |
| Dollar Index | 101.53 | 101.11 |
| Dow:Gold Ratio (BahaUS 40,845.00 Gold price, $2,546.00 ) | 16.04 | 16.24 |
| Current USA inflation rate (Dept. of Statistics) | 2.5% | 2.9% |
Gold’s low of the week was $2,485.00 and the high was $2,554.00, now trading at around $2,553.00.
The Gold Miners Bullish Percent Index is 78.57.
- Gold Monthly: is a hold. We bought in at $1,800.00 in October ‘23 and have held it to date. It looks overbought but the indicators are mainly positive. The rate of change is decreasing. (Chart below).
- Gold Weekly: is a hold. Money is still flowing into gold. The chart is rolling over but not a sell.
- Gold Daily: is out. Based on the performance this morning, end of day may give us a different signal.
The low for Silver this week was $27.70 and the high $29.56, trading around $29.52 at present.
- Silver Monthly: This chart is looking weaker with funds moving in and price weakening. No sell on our system yet. (Chart below).
- Silver Weekly: We are out of weekly silver and the price is weakening and funds are flowing out.
- Silver Daily: We sold silver late last week. The price is recovering but no buy signal has been given. Based on the movement today and with an update tonight we may well get a buy signal tonight.
Our partner has a stock of both Gold, Silver and Goldbacks in our vaults available in Panama. Please contact us for more information.
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.
RECENT COMMENTS