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A look at the Gold and Silver Charts (25.04.2024)

Bow Down_2024 GRRRGraphics.com

How far does the censorship go? 

I lived in South Africa under the Nationalist (apartheid) government where censorship was rife in every aspect, from keeping the war in Angola quiet for years to porn. My opinion is that censorship is exceptionally bad for the population and the capitalist system. The excuse that it protects national security falls flat when it covers up the bad, unproductive, expensive, corrupt activity of not only politics but business too. 

Censorship can have both positive and negative effects on society. On one hand, censorship can be beneficial in certain situations, such as protecting national security, preventing the disclosure of sensitive information that could compromise national security or put lives at risk. During wartime, censorship can be used to prevent the enemy from gaining access to crucial information. 

Censorship can be used to prevent the spread of hate speech, inflammatory rhetoric, or other forms of expression that could incite violence or discrimination against certain groups. I wonder at the value of this. Is it not better to have your enemies or haters expose themselves?

Protecting children: Censorship can be used to restrict access to inappropriate content, such as pornography or violent material, that could be harmful to children. This is usually the excuse used to introduce censorship and the thin end of the wedge. I believe in this instance it is the responsibility of the parents to censor their kids in the way they want. Not the responsibility of the government.

Censorship can have negative consequences, such as stifling free speech, suppressing dissenting voices, limiting access to information, and restricting the free flow of ideas, essential for a healthy democracy.

Censorship can prevent people from accessing information that is essential for making informed decisions, which can lead to ignorance and misconceptions, fostering corruption, it can be used to cover up corruption, abuse of power, and other forms of wrongdoing, which can undermine trust in institutions and perpetuate injustice. 

The impact of censorship can vary greatly depending on the context, cultural norms, and political climate. Ultimately, the decision to implement censorship measures should be based on careful consideration of the potential benefits and drawbacks, not the whims of the government or other self-interested bodies trying to protect themselves.

BITCOIN AND GOLD

BTC: GLD below shows bitcoin still underperforming Gold, no signal to buy bitcoin yet. The halving has happened, but no signals to buy Bitcoin yet.

$BTCUSD:$GOLD Bitcoin to US dollar/Gld CRYPT 25 April 2024

Bitcoin halving has not yet affected the bitcoin price dramatically. As usual, it came off prior to the halving and now should run sideways a while until it breaks upwards. Yesterday we got a buy signal, which promptly reversed itself this morning. Let’s see how it performs this afternoon.

$BTCUSD Bitcoin to US dollar CRYPT 25 April 2024

GOLD AND SILVER STOCKS

Gold physical is outperforming the stocks. No clear signals to change this position.

$GOLD:$HUI Gold- Continuous Contract (EOD) Gold Bugs Index - NYSE - 25 April 2024

Silver stocks outperform physical silver as of this week.

$SILVER - SIL Silver- Continuous Contract (EOD) Global X Silver Miners ETF 25 April 2024

GOLD AND SILVER

Silver continues to outperform gold. The silver:gold ratio is coming off nicely from around 92:1 early this year to around 84 plus presently. It seems to be turning but confirmation is required.

$GOLD:$SILVER Gold Continuous Contract - (EOD) Silver - continuous 25 April 2024

GOLD TO USD

Gold v USD  The USD is outperforming gold.

$GOLD:$USD Gold - Continuous Contract (EOD) CME 25 April 2024

A LOOK AT THE GOLD AND SILVER CHARTS
TodayLast Week
Gold Price$2,330.00$2,382.00
Silver Price$27.34$28.45
Gold:Silver ratio83.66:183.66:1
Gold Miners bullish percent index82.1478.67
Dollar Index105.57106.10
Dow:Gold Ratio (BahaUS 37959.00 Gold price, $2,330.00)16.2915.90
Current USA inflation rate (Dept. of Statistics)3.5%3.2%

Gold’s low of the week was $2,291.00 and the high was $2,390.00, now trading at around $2,329.00.

  • The monthly chart for Gold  is a hold. We bought in at $1,800.00 and have held it to date. It looks overbought but the indicators are mainly positive.
  • The weekly chart remains a hold.  Looking overbought but no sell yet. Subject to my worries on the spike high.
  • The daily chart is a sell.
$GOLD Gold - Continuous Contract (EOD) CME 25 April 2024

The low for Silver this week was $26.66 and the high $28.70, trading around $27.34 at present.

  • Silver on the monthly chart indicates a hold. It needs to break $30.35 then $50.00. The signals look strong for now.
  • The silver weekly chart is a hold. It touched the top of the trading range but could not hold above it.
  • The silver daily chart is a sell. Vindicating the spike high of eight days ago.

$SILVER Silver - Continuous Contract (EOD) CME 25 April 2024

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

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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