Are we being scammed? I look at the Trump dream team and wonder if we are being led down the garden path. As more ‘facts’ come out about the individuals picked for office and their roots, there does appear valid reason for concern.
Why are we being led into Bitcoin and other cryptos? DOGE maybe? Why are we not being told about the gold, property, and physical assets that could back the currency as well? Why are gold and silver not being discussed at all?
I worry that we get sucked in with Bitcoin, then we are more easily trained to accept the CBDC imposition of total tracking, then they slowly remove the Bitcoin and other cryptos and we are then left in the absolute control of the government.
Inescapable negative interest rates, automatic taxation, and a multitude of China’s control through think total Social Credit System. No backing of the currency, and total collapse in the future once again.
What about the tracking of bitcoin and the other cryptos? What happened to our privacy?
We need MONEY, not CURRENCY. We should be able to decide what our money is, why it is centralized, and how and where it is spent.
The myth that cash or crypto is being used only for nefarious purposes is just that…. A myth!
Crooks will utilize whatever system there is to do their business, be it dollars, cryptos, gold, silver, and the list goes on, and can all be used negatively. Find and charge the criminals and let the markets work. Free the banks and business to do honest business without restriction.
The more I look at the systems within which we work, the more I notice how imprisoned we are.
I look forward to seeing the promises made come to fruition. I await the outcome with interest.
BITCOIN AND GOLD
BTC:GLD: Gold outperforms bitcoin. The spike high of yesterday marks the turn as bitcoin begins to underperform gold. GAPS GET FILLED.
ETHUSD: Out. After the sell signal last week Ethereum continued to increase in price. The indicators are overbought so I would be reluctant to buy here. It may however continue up.
BTCUSD: Sell. We have a nice clear sell signal from yesterday with all indicators pointing down.
GOLD AND SILVER STOCKS
Gold stocks outperforming gold. Gold outperformed gold stocks temporarily this week, but reversed keeping our signal intact.
Silver outperforms silver stocks.
GOLD AND SILVER
Silver to Gold Ratio
Gold is outperforming silver.
GOLD TO USD
The USD continues to outperform gold, however there are signs of a turn around.
A LOOK AT THE GOLD AND SILVER CHARTS
| Today | Last Week | |
|---|---|---|
| Gold Price | $2,660.00 | $2,665.00 |
| Silver Price | $30.82 | $30.80 |
| Gold:Silver ratio | 86.30:1 | 86.39:1 |
| Gold Miners bullish percent index | 67.86 | 64.29 |
| Dollar Index | 105.98 | 106.52 |
| Dow:Gold Ratio (BahaUS (BahaUS 44875.00 Gold price, $2,660.00) | 16.87 | 16.30 |
| Current USA inflation rate (Dept. of Statistics) | 2.6% | 2.4% |
Gold’s low of the week was $2,605.00 and the high was $2,721.00, now trading at around $2,657.00.
- Gold Monthly: is a hold. We bought in at $1,800.00 in October ‘23. Funds flows into the metal are substantial.
- Gold Weekly: is out. Recovery in progress, no buy signal yet. (Chart Below).
- Gold Daily: Out since 31 October. Signals are turning. Not confirming a buy yet.
The low for Silver this week was $29.64 and the high $31.47, trading around $30.77 at present.
- Silver Monthly: Hold. Buy signal taken at $24.00 in March. Weakening. Out of overbought territory. Good funds flow into the metal.
- Silver Weekly: Out (7 November 2024). Indicators still pointing down. Signs of stabilization. No buy yet. (Chart below)
- Silver Daily: Out. (Sold 28 October 2024) Price bounced off $30.00. Appears to be recovering, no buy yet.
Our partner has a stock of both gold, silver, and Goldbacks in our vaults available in Panama. Please contact us for more information.
A video by Mike Adams on the Goldbacks.
Well worth a look!
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.
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