Fort Kobbe Vaults Newsletter with Coins

A look at the Gold and Silver Charts (28.03.2024)

Where are we being corralled to? Government definitely has an agenda which does not suit the vast majority of the population and importantly, who is directing it? It is not only the US it is a common push that we are seeing in many countries.

Biden's American Disaster
© With permission granted by Ben Garrison, reproduction and republication is expressly prohibited. Visit Ben Garrison’s website by clicking on this link
The Bull and the Bear sitting around waiting for The Fed
© Hedgeye Risk Management, LLC with permission granted by Hedgeye, reproduction and republication is expressly prohibited

My trust in government and government agencies becomes more depleted by the day. 

Market watchers and traders listen to every breath of air coming from the FED and surrounding agencies in order to pry some trading or economic advantage or leverage from the market.

Who and what should one believe or trade? If the market generally is trading the much anticipated periodic data, one should accept and trade that. How does one then reconcile all the subsequently ‘adjusted’ figures which come out later on?

Listening to Shadowstats.com and Hedgeye as well as other sources, in my opinion, will give a better longer term probability of being right in one’s decision making.

The FED box above should be shrunk to a much smaller size and current market movements should be brought more into focus. 

While the market decides whether it wants to become more bullish or more bearish, the worldwide risks are escalating exponentially. 

War looms in the China : Taiwan area, the Russia : Europe scenario spreading from Ukraine where the outlook is more ominous by the day, the Middle East : Israel situation appears to go from bad to worse.  

Last year the war in Sudan claimed 13,225 lives and so far this year at least 2,217. This only accounts for major wars which have taken more than 10,000 lives. When we count in wars, minor conflicts and skirmishes it gets worse and encompasses greater areas.

Here is an updated list of ongoing armed conflicts around the world.

We have no clue which wars of any intensity could blow up into full scale levels or bring in the instigators behind the proxies. There are provocations everywhere which could lead in a worst case scenario , to nuclear intervention. 

What does warfare do for the economies of the world?

The Political, Military, Industrial, Banking complex work together to sustain the conflicts, because of the huge amounts of capital required to run them.

Human lives be damned. Side deals, corruption, fraud and special projects are surreptitiously funded. If war stops the schemes cannot operate. 

Of course no notice is taken of the final destination of the funds.

What if this is a build up to collapsing the financial system in order to introduce CBDC’s (Central Bank Digital Currencies), without opposition?

BITCOIN & GOLD

BTC:GLD below shows bitcoin beginning to outperform gold, but no buy signal on bitcoin yet.

$BTCUSD:$GOLD Bitcoin to US Dollar / Gold Continuous Contract (EOD)

BTC:USD touched the 38.2% Fib retracement, then bounced back. Still no buy on our system.

$BTCUSD Bitcoin to US Dollar CRYPT
GOLD & SILVER STOCKS

Gold is turning and about to outperform the gold stocks. Not quite there, but very close.

$GOLD:$HUI Gold - Continuous Contract (EOD) Gold Bugs Index

Silver stocks are outperforming physical silver. It appears that this will continue for a while.

$SILVER:SIL Silver - Continuous Contract (EOD) Global X Silver Miners ETF
GOLD & SILVER

Gold outperforms silver for this week.

$GOLD:$SILVER Gold - Continuous Contract (EOD) / Silver - Continuous Contract (EOD)
GOLD TO USD

Gold v USD has given a sell signal. I have not seen a reversal yet in the indicators. We have a spike high after my sell signal which needs to resolve.

$GOLD:$USD Gold - Continuous Contract (EOD) / US Dollar - Cash Settle
A LOOK AT THE GOLD AND SILVER CHARTS
TodayLast Week
Gold Price$2,212.00$2,174.00
Silver Price$24.66$24.76
Gold:Silver ratio89.65:187.83:1
Gold Miners bullish percent index:42.8635.71
Dollar Index104.43103.99
Dow:Gold Ratio (BahaUS 39,823.00 Gold price, $2,212.00)18.0018.33
Current USA inflation rate (Dept. of Statistics)3.2%3.1%

Gold’s low of the week was $2,163.00 and the high was $2,217.00, now trading at around $2,209.00

The monthly chart for Gold  is a hold. We bought in at $1,800.00 and have held it to date. It looks overbought here but the indicators are mainly positive.

The weekly chart remains a hold. This week has been a consolidation week for prices. 

The daily chart remains out. Looking overbought with mixed indicators. I like the trend of the gold price but would like to see price break the previous high at $2,225.30 or more indicators turn positive.

$GOLD Gold - Continuous Contract (EOD)

The low for Silver this week was $24.32 and the high $24.89, trading around $24.59 at present.

Silver on the monthly chart indicates out. A couple of indicators have turned up and are looking more positive. Still a long way to go to the previous high of $50.00 in 2011. If it can hold these prices I expect a buy next month.

The silver weekly chart is a hold. I would like to see it break out of its long term trading high of around $28.60

The silver daily chart is a sell. 

$SILVER Silver - Continuous Contract (EOD)

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

We accept the Goldback - Get yours here

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.

Subscribe for the Latest News

Subscribe for the latest news and opinons about Gold, Silver, offshore vaulting and other industry information and opinion delivered right to your email inbox

SUBSCRIBE TO OUR NEWSLETTER

To receive industry news and updates​

“We provide a stable and expanding platform of physical and electronic security, technology, human structures and an ideal location that creates trust and resourceful solutions for our exacting wealth management clients.”

Fort Kobbe Panama

Copyright © 2020. All rights reserved Fort Kobbe Management, Corp.

Subscribe for the Latest News

Subscribe for the latest news and opinons about Gold, Silver, offshore vaulting and other industry information and opinion delivered right to your email inbox