Gold and silver chart news

A look at the Gold and Silver Charts (25.07.2024)

Bombs about to explode-Hedgeye cartoon
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In my opinion, there is a deliberate strategy in place to fulfill an agenda that is not in favor of the general population of the world. 

The grenades are about to explode whilst the politicians juggle our perceptions that are real, the fuses are really short and shortening by the second.

Financial threats abound. The stock markets are not a reflection of the reality of the vast majority of small cap stocks or small private businesses and individuals which are already in dire straits. 

In reality, they are suffering the effects, right now, of stagflation.

Incredible high inflationary pressures are being applied to small businesses and individuals. The market is tight and tightening further, the average small business and person is unable to afford the massive increases imposed by the outrageous inflationary increases imposed on them.

Small businesses cannot increase prices as their customers cannot afford the additional costs, so margins are seriously eroded.

For the individual, wages never increase at the real rate of inflation. If they are lucky they will get increases based on the hugely under-reported government inflation rate. (Inflation 3.3% – pull the other one!).

The largest public companies, which were singled out for ‘special’ treatment during Covid, when all competition was removed are thriving with institutional investment and support of the ‘funds unlimited’ Plunge Protection Team’.

Military Industrial Complex
In a failing financial system, a coverup is essential. The government(s) cannot be seen to be responsible for the failure. Greedy businesses continually inflating prices are always blamed, when by now we should know that it is the FED or its equivalent pumping money into the system.

War is the distraction at this time. Psyops, obfuscation, and propaganda are the norm in these circumstances. The military-industrial complex makes billions if not trillions of dollars from the death and destruction of the populations of all involved parties.

Huge numbers of arms and ammunition are ordered and manufactured. Fortunes are plowed into the entire process of manufacture, delivery, supply, and use. We have no idea of how much gets lost in the purchase process, in lost equipment, and finally the destruction of the equipment.

Amazingly, no audit of the process or actual usage of the funds or final destination is carried out. The magical instant availability of funds for this purpose is beyond belief.

These funds never appear for housing or food for indigent people. Poverty could be eliminated if these extensive funds were used for this purpose. 

Political
Without the politicians ratifying the warriors, none of the obfuscation or wars would be possible. Vast sums are spent on lobbyists convincing politicians one way or the other. More sadly and worse, in my opinion, many politicians are bought or blackmailed into acquiescence.

Without the politicians, the wars would not be ratified, the funds would not be allocated, and the direction of the wars would not be executed.

I include here the propaganda machine without which the public would not be riled sufficiently in order to support the war efforts.

Bankers
Without the bankers, the FED etc. no war could be fought, unless a small local skirmish. The bankers grease the wheels from top to bottom as war is expensive. In the case of the world right now, the dollar, but other currencies too are exceptionally vulnerable. I don’t think failure is imminent, but certainly possible.

Conclusion
The invasion of countries, deliberate ineffectual monitoring of borders, and obfuscation of local customs, languages, laws etc. make for a much weaker society. This makes the introduction of their control mechanisms much easier.

The introduction of fifteen-minute cities to control movement in every way and the imminent introduction of CBDCs (Central Bank Digital Currencies), will complete the absolute control of humanity.

Unless we resist every step of the way, we will soon be totally enslaved.

What does freedom mean to you? What is it worth in order to preserve what is left and to roll back everything already taken from us?

BITCOIN AND GOLD

BTC:GLD below shows Bitcoin outperforming gold. The chart is looking toppy and may reverse but I will wait for a clear reversal

$BTCUSD:$GOLD Bitcoin to US dollar/Gld chart 25 July 2024

ETHUSD We have a hold on ETH It is looking overbought and I expect a sell within a day or so.

$ETHUSD Ethereum to US Dollar chart 25 July 2024

BTCUSD we have a hold and it is looking overbought.

$BTCUSD Bitcoin to US dollar CRYPT 25 July 2024

GOLD AND SILVER STOCKS

Gold stocks continue to outperform gold. There are signs of a turnaround, directional change is imminent, I guess today or tomorrow, gold will outperform the stocks.

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

Silver stocks now outperform physical silver. Some indicators are pointing to a change in direction.

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

GOLD AND SILVER

There are huge short positions on gold and silver due for expiry on 30th July 2024. I expect that the prices of both will be brought below these levels within this timeframe. We are excited about the new highs in gold, but it is important to remember that the banks control the market through manipulation, so it is unlikely they will lose money on their contracts. We wait and see.

Silver to Gold Ratio

The indicator has switched to gold outperforming silver. Watching gold power ahead of silver. Indicators show a slightly overbought position so I expect a slowdown here.

$GOLD:$SILVER Gold Continuous Contract chart - Silver - continuous 25 July 2024

GOLD TO USD

Gold is now underperforming the USD. We follow the system and see what transpires.

$GOLD:$USD Gold - Continuous Contract chart 25 July 2024

A LOOK AT THE GOLD AND SILVER CHARTS

TodayLast Week
Gold Price$2,370.00$2,460.00
Silver Price$27.61$30.30
Gold:Silver ratio85.86:180.98:1
Gold Miners bullish percent index89.2989.29
Dollar Index104.26103.91
Dow:Gold Ratio (BahaUS 39,850.00 Gold price, $2,370.00 )16.8116.76
Current USA inflation rate (Dept. of Statistics)3.3%3.0%

Gold’s low of the week was $2,365.00 and the high was $2,432.00, now trading at around $2,370.00.

  • The monthly chart for Gold 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 weekly chart remains out. Money is still flowing into gold but without pressure on the price. (Chart Below).
  • The daily chart continues to be a hold. This is a precarious hold as we have many indicators which may tip to sell today.

$GOLD Gold - Continuous Contract (EOD) CME0 25 July 2024

The low for Silver this week was $27.51 and the high $29.45, trading around $27.56 at present.

  • Silver on the monthly chart indicates a hold.The signals look positive. The flow of funds into the metal is slowing but not dramatically.
  • The silver weekly chart is a sell. The price has also fallen below support. I believe that once the options have expired and downward pressure is off, it will recover. (Chart below).
  • The blue horizontal line is the top of the previous trading range and the red horizontal line at the bottom of the chart is the base of the previous trading range.
  • The silver daily chart indicates out. It looks like it will test the break-out support at $28.00 and then turn. It is trading at $27.55 as I write and weakening.

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

Our partner has a stock of both Gold, Silver and Goldbacks in our vaults available in Panama. Please contact us for more information.

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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