A look at the Gold and Silver Charts (29.05.2025)

The U.S deficit $1.8 trillion last year infographic
Image from Weiss Crypto Daily

How long is it possible for this deficit spending to continue before the market collapses? What will your dollar be worth when that happens? What should you be invested in when that calamity transpires? How long before the final bell? 

In my opinion the collapse should have occurred in 2000. The impact would have been bad but much less severe than we are about to see. 

At that time, the only investment I could fathom was gold. Today, I see Gold, Silver, and bitcoin as potential saviors of your hard-earned wealth. Possibly Swiss Francs, but with reservations.

When the reserve currency of the world defaults or, alternately, is depreciated massively in order to pay off its huge loan book, the world looks for a replacement. What will it be? Perhaps a currency backed by gold. China has been accumulating enormous amounts of gold, which it has been purchasing from the West. In addition, it has been buying mines and mine production from Western nations at prices higher than market prices.

They have also been mining in China, none of which is made available outside of China. In addition, they have encouraged local Chinese citizens to purchase gold, and as gold prices have run up, silver too.

I have seen some massive estimates of the gold holdings in China. They could easily float a world gold-backed currency. Do I think it will just switch over? Not a chance. The advantages of holding the reserve currency are huge and will not easily be given up. Hence, the introduction one way or another of a CBDC  (Central Bank Digital Currency), with total control of your spending.

Just look at what is happening worldwide with cash limitations on withdrawals, questioning your application of cash, removing ‘large’ denomination notes, which are becoming more valueless by the day.

Will the new system last? Not if the general population that is forced to use it revolts. Based on the population reaction to covid I am not holding my breath.

Jeffrey Epstein credibility_Ben Garrison cartoon
© Ben Garrison cartoon

My credulity was stretched somewhat when I watched the interview with Cash, Dan, and Maria Barteromo. In my opinion, the evidence we have been given leaves no doubt in my mind that he was ‘taken out’.

It appears that there is a cover-up on the cover-up. This is hugely damaging to the credibility of Dan and Cash. We desperately need the transparency they have been shouting about.

Buy: (15 April 2025). Currently a hold. We have a spike high, so expect a sell, no sell signal yet.

$PLAT Platinium Continuous 2025-05-28

Buy: (09 April 2025) URA Looking toppy.

URA global X Uranium ETF 2025-05-28

BUY gold versus bitcoin (24 May 2025). Gold outperforms Bitcoin.

$BTCUSD:$GOLD Bitcoin to US dollar/Gld CRYPT 28 May 2025

ETHUSD: SELL: 18 May 2025.

$ETHUSD Ethereum to US Dollar 28 May 2025

BTCUSD: SELL: 19 May 2025.  NASDAQ (Cyan).

$BTCUSD Bitcoin to US dollar CRYPT 28 May 2025

Gold stocks outperforming gold  (21 May 2025).

$GOLD:$HUI Gold- Continuous Contract (EOD) Gold Bugs Index -NYSE 28 May 2025

Silver stocks  outperform silver (22  May 2025).

$SILVER - SIL Silver- Continuous Contract (EOD) Global X Silver Miners ETF 28 May 2025

Silver to Gold Ratio

Silver outperforming Gold. (Signal given 22 April 2025)  When we think that silver is coming out of the ground at about 8:1 and the Gold:Silver ratio is 99.44, something is way out of kilter.Silver is an astounding buy at this time or gold is in for an extremely heavy correction.

$GOLD:$SILVER Gold Continuous Contract - (EOD) Silver - continuous 28 May 2025

USD outperforms Gold (28 April 2025). Gold is turning up against USD, no change yet. It looks like it is turning, but I do not trust the lower highs and lower lows.

$GOLD:$USD Gold - Continuous Contract (EOD) CME 28 May 2025
TodayLast Week
Gold Price$3,299.00$3,285.00
Silver Price$33.06$32.86
Gold:Silver ratio99.83:1100.16:1
Gold Miners bullish percent index57.1457.14
Dollar Index99.7899.9
Dow:Gold Ratio (BahaUS 42,201.00 Gold price, $3,299.00)12.7912.72
Current USA inflation rate (Dept. of Statistics)2.3%2.4%

Gold’s low of the week was $3,284.00 and the high was $3,356.00, now trading at around $3,297.00.

  • Gold Monthly:  is a hold. We bought in at $1,800.00 in October 2023. Funds flows into the metal are substantial.  No sell signal yet. (Chart below)
  • Gold Weekly:  (SELL 12 May 2025)   The sell indicators are very early, but I see no signs of recovery at this point.  
  • Gold Daily: (SELL 23 April 2025). In view of the spike high not being exceeded, the sell signal remains in place. The candles have turned up, but no buy yet.

$GOLD Gold - Continuous Contract (EOD) CME0 28 May 2025

The low for Silver this week was $32.76 and the high $33.56 trading around $33.05 at present.

  • Silver Monthly: Hold. (Buy:  $24.00 March 2024). Weakening.  No sell yet.  (Chart below).
  • Silver Weekly: (BUY 14 April 2025). Looking slightly weak. No sell yet. Holding on by its finger nails. Strengthening slightly.
  • Silver Daily: BUY (21 May 2025). Very early signal.

$SILVER Silver - Continuous Contract (EOD) CME 28 May 2025

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

Goldback-official-distributor

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

An interview with Josh, owner of Scottsdale Mint:

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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