Investor. Former US intelligence officer, turned anti-war advocate @NYTimes cover story: https://xitter.cf/t.co/sT4U6AUwEZ Seeker of expanded human potential.
Joined October 2015
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Gold -- Make or break support being tested now.
If it fails it will plunge back toward $3,300.
If support holds it will round upward toward all-time highs in 2027.
Be careful and stay nimble.
FREE PODCAST / ANALYSIS ⤵️
youtu.be/jYm-HOpzhKI
Gold negative breakdown following trend failure. Not a good signal.
A Flash Update covering the pathway forward for gold has been sent to iGold premium subscribers: iGoldAdvisor.com
Silver -- we must see support hold within the next two weeks, or else the market sets up for a failure and retest of $50... which would not be good.
Full discussion & FREE PODCAST HERE ⤵️
youtu.be/lFTZmmuF044
Gold -- beautiful chart.
The principle "Resistance, once broken --> turns to support" could not be any more clear.
Recovery later this year.
FREE PODCAST with more details HERE ⤵️
youtu.be/PwrE6nu8MuI
The Most Important Signal in All of Finance
--The Stock Market vs. Gold--
The direction that this 50-year convergence breaks will tell us whether:
(a) Gold is going to $20,000+
-OR-
(b) Gold is going to be dead money for years
Ignore this major macro indicator at your own discretion.
For in-depth discussion, see our FREE PODCAST below ⤵️
youtu.be/xjlcZLW6q4w
This is exactly why democracy cannot exist as a permanent form of government. The idea that gov’t must “do something” to make housing or healthcare affordable — when, in fact, it is government interference in the market which caused housing and healthcare to become unaffordable in the first place. But politicians don’t care — because they will only win reelection by promising goodies from the public treasury; which, of course, we cannot afford. The end result is inevitably inflation, and thus hurting further the very constituents who vote for these policies in the first place.
You must own assets to protect yourself.
On a flight from Boston to Phoenix and this note was in my seat when I returned from the restroom. I think this shows how much an entire generation is struggling. Whether it’s my own kids or a random person on a random flight, young people are frustrated. There is massive anxiety and uncertainty about the future. This government hasn’t done jack shit for hardworking young Americans who have done everything right…..but if you are a billionaire with a big stock portfolio and a bigger tax cut, Trump’s "Golden Age" has arrived.
Gold -- Updated Big Picture Analysis
Broken downward trend & rising support at $4,000 remains valid.
FREE PODCAST with deeper analysis HERE ⤵️
youtu.be/x7MZQPw0Jsw
Gold -- important trend break now underway.
Following a successful retest, gold will try to stabilize on the opposite side of the broken trend (red). Support is now $4,280 - $4,330 (falling).
Silver brutally rejected, down 7% after the Jackson Hole Federal Reserve Meeting. It nearly hit our target of $71.65 in the hours before - close enough.
Careful now - there are a lot of mixed signals in the market. This is a time to be cautious until the market provides more clarity, by breaking one of the following levels:
• Support is $62.40 - $63.10.
• Resistance is above $71.
A full Flash Update covering gold, silver, proprietary leading signals, and future expectations has been sent to premium subscribers.
A look at how major asset classes performed post-Treasury repurchase announcement -- one day does not a trend make but that sure was interesting.
FREE PODCAST with deeper analysis HERE ⤵️
youtu.be/2jL5YUnQbWU
The US dollar has been in a rising channel for nearly 20 years. With the Treasury Dept. bond shenanigans this week, is it finally break time for the old USD?
It's getting awfully close...
Silver facing short-term resistance at $69.30.
Short-term caution warranted here.
Higher target of $71.65 remains.
i.e. more debt = buy gold
US Dept of Treasury is increasing, by at least double, the size of liquidity support buyback operations for longer-dated nominal coupon securities; The current maximum size of $2 billion per operation will be at least $4 billion per operation.
Yields, USDJPY tumbles
Well, that resolves the debate whether Treasury buybacks are "Mini QE" once and for all