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A look at the Gold and Silver Charts (23.11.2023)

© With permission granted by Ben Garrison, reproduction and republication is expressly prohibited. Visit Ben Garrison’s website by clicking on this link


It is a blessing being alive right now, to witness the world’s transition.

Is it a pleasure to watch this happen?

I think not.

Is it difficult watching the death throes of a dying system?

Absolutely

We have no idea of what system we will end up with. I only hope that it far outperforms this one in every way and nourishes the lives of those of us who are left here to enjoy it. 

War is the old way of hiding the financial mess the powers that be created using a debt-based system. In the confusion of war it is easy to justify food shortages, fuel shortages, rations ….., then implement the new system. (New World Order System, this time). We are watching the creation of a world war for this purpose. Russia/Ukraine, Israel/Arab States, China/Taiwan, Territorial claims … Just to mention a few.

Proxies are being aimed at one another ‘hiding’ the major powers controlling them. In my opinion we cannot leave it to the powers that be to reconstitute a system the same as the last. We have to take control of the minimization of the old system and reconstitution of the new.

When I see the waste, corruption and theft endemic throughout the world, I shudder at the people left out, bypassed and abandoned by the current system, when such abundance exists.

We are the ones responsible for instituting an equitable system, based on love, fairness, real education, fair finance, simple transactions, reduced or removed reporting requirements, easy trade, removal of obstacles to generating business, sharing of ideas, and improved local and international cooperation. We are not the police force and should not be doing their job.

There is work available for every person of all capabilities that is fulfilling for them which can give a sense of achievement and could pay a reasonable wage. Let’s assist in getting people off the streets and into happier lives. There is no need for nine to five for everyone. Just a contribution.

The world will be safer in every aspect if everyone is involved in its betterment. I am not naive and understand that we will still have a criminal element. As I grow older, I find that my tolerance for bad behavior has diminished and severe punishment for behavior unacceptable to humanity is justified. Not stupidity or youthfulness or victimless crimes. It is time to relax and let go of the inane plethora of set-up crimes.

Bitcoin had a good day yesterday. It has still not triggered a buy signal on our system, although I see many sites giving a buy indication.

$BTCUSD Bitcoin to US dollar CRYPT 22 November 2023

Gold has outperformed BTC for a few days, but the market is holding gold below $2,000.00 so I am not certain how long this will last.


$BTCUSD:$GOLD Bitcoin to US dollar/Gold CRYPT 22 November 2023

The Gold v HUI index gave us a sell signal yesterday, indicating that the stocks are about to outperform the physical gold.


$GOLD:$HUI Gold- Continuous Contract (EOD) Gold Bugs Index - NYSE - 22 November 2023

Silver stocks are slowly outperforming physical silver. It looks like time may be nearing for purchases of the better stocks.


$SILVER - SIL Silver- Continuous Contract (EOD) Global X Silver Miners ETF 22 November 2023

Silver remains stronger than gold this week. It has a long way to go to reflect its true value.

In my opinion silver is one of the most undervalued commodities on the planet.


$GOLD:$SILVER Gold Continuous Contract - (EOD) Silver - continuous 21 November 2023

Gold has resumed its outperformance of the Dollar.


$GOLD Gold vs USD - Continuous Contract (EOD)- CME 21 November 2023

TodayLast Week
Gold price$1,992.00$1,972.00
Silver price$23.67 $23.91
Gold:Silver ratio 84.20:186.46:1
Gold Miners bullish percent index32.1421.43
Dollar Index 103.82104.26
Dow:Gold Ratio (BahaUS 35274.00 Gold price, $1,992.00)17.7117.70
Current USA inflation rate (Dept. of Statistics)3.2%3.7%

Gold’s low of the week was $1,965.00 and the high was $2,008.00, now trading at around $1,993.00.

  • The monthly chart for Gold is an out indicator but recovering well. Not yet a buy.
  • The weekly chart is a hold, looking stronger. It needs to break $2,085.00 and hold there to start a new leg up.
  • The daily chart is a buy as of two days ago.

$GOLD Gold - Continuous Contract (EOD) CME 22 November 2023

The low for Silver this week was $23.24 and the high $24.02, trading around $23.63 at present.

  • Silver on the monthly chart indicates out and is indicating a reversal to a buy, but not quite yet.
  • The weekly chart has had us on a rollercoaster and is indicating a buy is imminent but has not yet triggered.
  • The daily chart is a hold. Trading in the bottom third of its long term range.


$SILVER Silver - Continuous Contract (EOD) CME 23 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 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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