The world is a mess. It appears that everyone wants to fight everyone else. It seems that there is a reordering of the world structure.
The concerning issue is how quickly the devolution into war happens. Syria was a classic case. Within days Assad was deposed. The rough and tumble now ensues while the powers that be try to unravel the situation in their favor.
We believe that we live in a well-ordered society. We have a normalcy bias. A couple of years ago I watched with fascination while Natal in South Africa devolved into mass riots and looting overnight, even by the police, who were seen loading looted goods into their vehicles to cart off for their purposes.
We have to be cognizant of the influx of undocumented, unvetted, indigent people into our neighbourhoods. This presents an existential threat to the wellbeing of our families.
The insurrection spreads exceptionally fast and almost uncontrollably. Unless one has a well-trained police force and if necessary, military, the spread of unrest and destruction happens far faster than one would expect.
This heads-up applies to all countries invaded by illegals worldwide. Even in countries where there is just a perceptible gap in income between rich and poor, danger exists. The slightest incident can easily be construed to stoke insurrection.
In my opinion, it will take any government time to organize a pushback against the insurrection. Governments have been stupidly disarming the people in most countries and people have not fought back.
Look at Israel. It’s no good having trained people without weapons. In reality, we only have ourselves and one another to rely on. When push comes to shove the police and army will be looking after their families first. Disarmed communities are at huge risk and should be pushed back now.
Close communities with contingency plans, weaponry, and long-term food supplies are essential for survival in dire circumstances.
Strangely, my outlook is very positive. My philosophy is to plan for the worst. Take the necessary action to mitigate the risks as far as possible and then carry on with life.
BITCOIN AND GOLD
My sell of bitcoin versus gold still stands as the indicators still point down.
ETHUSD: Sell
BTCUSD: Out 24 November. Increased prices with indicators pointing down make me reluctant to buy into Bitcoin. I will wait for a reversal to buy back in.
GOLD AND SILVER STOCKS
Gold stocks outperforming gold. The movement this week is sideways. Let’s see how it breaks.
Silver stocks outperform silver. This appears to have bottomed I guess a reversal in the next few days.
GOLD AND SILVER
Silver to Gold Ratio
Silver outperforms gold. Signal given 2 December 2024
GOLD TO USD
Gold outperforms the US Dollar, (4 December 2024). It is reaching overbought territory so we watch carefully.
A LOOK AT THE GOLD AND SILVER CHARTS
| Today | Last Week | |
|---|---|---|
| Gold Price | $2,691.00 | $2,652.00 |
| Silver Price | $31.66 | $31.34 |
| Gold:Silver ratio | 85.21:1 | 84.56:1 |
| Gold Miners bullish percent index | 67.86 | 67.86 |
| Dollar Index | 106.79 | 106.05 |
| Dow:Gold Ratio (BahaUS 44100.00 Gold price, $2,691.00 | 16.39 | 16.96 |
| Current USA inflation rate (Dept. of Statistics) | 2.7% | 2.6% |
Gold’s low of the week was $2,627.00 and the high was $2,726.00, now trading at around $2,691.00.
- Gold Monthly: is a hold. We bought in at $1,800.00 in October ‘23. Funds flows into the metal are substantial and continuing.
- Gold Weekly: is Out. Recovery in progress, no buy signal yet.
- Gold Daily: Buy 28 November. Hold (Chart below).
The low for Silver this week was $30.84 and the high $32.32, trading around $31.57 at present.
- Silver Monthly: Hold. Buy signal taken at $24.00 in March. Weakening. Out of overbought territory. Good funds flow into the metal.
- Silver Weekly: Out (7 November 2024). Indicators turning positive. Signs of stabilization. No buy yet.
- Silver Daily: Buy. (2 December 2024) Price bounced off $30.00. (Chart below).
Our partner has 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.
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