I look forward to seeing the results of the change of government in the USA. From what I hear/read on social media the new administration is perfectly aware of the issues we are aware of. These issues have been ignored or exacerbated by the Biden administration.
The bureaucratic blockages which will be put in the way of transformational change will highlight where the problems lie.
DOGE will be particularly interesting to watch as strangely I believe that this external, non government advisory commission has the ability to take apart the corrupt dealings that have been taking place government wide. Musk thinks two Trillion is a long shot for recovery or elimination of waste. I think this is just the tip of the iceberg. I have no substantive knowledge of this, but based on my extremely limited dealings with the government it appears that corruption is rife in every department. If thirty five trillion has disappeared into the Pentagon without trace and is unaccounted for while $600.00 of my interest is easily tracked, something is amiss. See reference here
Will the extent of the skulduggery be palatable for the public to swallow? How much will we learn? I look forward to the outcome.
California is a real worry. Newsom appears to have an agenda contrary to one the public would like. Mismanagement of the new rail system, to the extent that a little has been built on huge amounts paid. To whom? Now promising emission free totally connected affordable transport california wide. Let us see the execution. (pun?)
What about the way COVID was handled by him?
Think of forest management? I lived for many years on my farm so I am aware of fire danger and necessary precautions. Why no water available, why insufficient firefighters, why no firefighting aircraft, why no maintenance of the electrical system, why was the electrical network not shut down, why did insurers cancel policies shortly before the fire? Who was aware? Could this be deliberate?
Market
Here is a fun chart: The platinum price divided by the gold price. For the past two and a half years gold has far outperformed platinum. Platinum has given a buy signal recently, relative to gold.
This chart below is the platinum price charted against the gold price. One can see the gold outperformance over the past period. The crazy thing is that platinum is about 30 times rarer than gold in the earth’s crust. Gold approximately 0.004 parts per million, platinum approximately 0.00013 parts per million.
- Gold production, about 3000 tons per year
- Platinum production is about 190 tons per year
About 16 times rarer in terms of extraction. So as long as there is a use case for the metal prices should correct. As EV’s have become more popular the use for platinum in catalytic converters and its perceptual use has declined, so has the price. However hydrogen generation needs platinum, so I think prices will climb back.
In March 2008 platinum was $2,276.00 per ounce it is now $975.00. Lots of room to improve.
Just because of CPI numbers having been released, here is a chart of the CPI. The most prominent feature being the cumulative nature of the continuous inflation rate imposed on humanity. Looking at the chart, I see no respite and no relief for a long time to come. Low interest rates and money printing lead to devaluation of the currency, inflation and stagnation.
BITCOIN AND GOLD
Sell bitcoin versus gold still stands as the indicators still point down. Mind the gap.
ETHUSD: Out 10 December 2024: A spike low indicates a reversal. Indicators still pointing down. No buy yet.
BTCUSD: Buy, 20250115. Bitcoin and the Nasdaq (Cyan), have a similar trajectory. Should there be more money printing which I expect, expect bitcoin and the Nasdaq to both do better.
GOLD AND SILVER STOCKS
Gold stocks outperforming gold. (01 January 2025)
Silver outperforms silver stocks. (13 December 2024). Looking overbought, I expect silver stocks to outperform silver in the relatively near future.
GOLD AND SILVER
Silver to Gold Ratio
Gold outperforming Silver. (Signal given 14 January 2025)
GOLD TO USD
US Dollar outperforms Gold, (16 December 2024). No change, indicators turning. I would like to see a more positive turn prior to changing direction.
A LOOK AT THE GOLD AND SILVER CHARTS
| Today | Last Week | |
|---|---|---|
| Gold Price | $2,707.00 | $2,658.00 |
| Silver Price | $30.66 | $30.11 |
| Gold:Silver ratio | 88.23:1 | 88.40:1 |
| Gold Miners bullish percent index | 42.06 | 42.06 |
| Dollar Index | 109.34 | 109.01 |
| Dow:Gold Ratio (BahaUS 43,197.00 Gold price, $2,707.00) | 15.95 | 16.13 |
| Current USA inflation rate (Dept. of Statistics) | 2.9% | 2.7% |
Gold’s low of the week was $2,656.00 and the high was $2,712.00, now trading at around $2,711.00.
- Gold Monthly: is a hold. We bought in at $1,800.00 in October 2023. Funds flows into the metal are substantial and declining. It is overbought and rolling over. No sell signal yet. (Chart below).
- Gold Weekly: is (Out 11 November 2024) No buy signal yet. Strengthening, no buy yet.
- Gold Daily: (Buy: 20250108). Looking nice and strong despite the dollar strength
The low for Silver this week was $29.50 and the high $30.91, trading around $30.68 at present.
- Silver Monthly: Hold. Buy signal taken at $24.00 in March 2024. Weakening. Out of overbought territory. Funds flow into the metal weakening. No sell yet. (Chart below).
- Silver Weekly: Out (7 November 2024). No buy yet. Tide changing. Looking like a buy during the next week.
- Silver Daily: Buy. (3 January 2025). Holding up nicely.
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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