In the same category

DAGGER TO THE HEART: R.I.P. GOLD!

IMG Auteur
Published : November 30th, 2020
656 words - Reading time : 1 - 2 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
[titre article pour referencement]
0
Send
0
comment
Our Newsletter...
Category : Gold and Silver

This article was contributed by The Wealth Research Group. 

Today’s letter is divided into two sections: the first is the update on the bloody mess that precious metals are undergoing and the second is a summary of the hearing that Rudy Giuliani and the list of witnesses reported that gave verbal accounts of their testimony about Pennsylvania’s voter irregularities.

GOLD: IS THE BULL MARKET DEAD?

In short, the answer is NO. There are several instances since December 2015 where we’ve seen similar moments to this. These are instances in which the volatility index plummets, many events conspire to bring hope, and there’s the assumption that central banks might tighten and that there’s no catalyst for precious metals. These instances come and go since you can’t get rid of the underlying issue: more currency is created by the second.

As you can see, gold fights these moments off and rallies:

Courtesy: Zerohedge

If this one follows in the footsteps of the ones we saw in June 2019 and March 2020, watch out, bears!

As you can see, in August, the price of gold distanced from its 200-DMA so much that this sell-off was due to arrive. Taking profits in August was very smart.

Right now, our thesis is that the best course of action is a slow accumulation. The value proposition is certainly the best it’s been since March, and in terms of the mining industry itself, the validity of the sector is well intact. The trend is clear — gold is heading down.

The median all-in sustaining cost is still $975/ounce, so mining companies are still able to report strong earnings, which is the key to understanding the reason we’re about to pull the trigger on the most compelling buy-the-dip setups, in our opinion.

This is gold’s worst month in four years!

Courtesy: U.S. Global Investors

Like we wrote two weeks ago, when gold’s price was much higher, we could see gold falling all the way to $1,750. These shakeouts are the best buying opportunities in hindsight. Traders surrender and it feels bad; there’s a sense of desperation about the future’s price action. We think we’re going to see that frustration fairly soon.

TRUMP’S LAWSUITS – PENNSYLVANIA

Pennsylvania had multiple alleged “irregularities” in the state’s vote count:

* At least 21,000 dead people on Pennsylvania’s voter rolls

* Duplicate ballots were mailed out to thousands of registered voters (Pittsburgh officials have admitted that this happened)

* A lawsuit filed against the state of Pennsylvania for having more than 800,000 inactive voters on its voter rolls

* Pennsylvania’s attorney general told Ted Cruz to “stay the hell out of” the state’s disputed tabulation of presidential election votes

* Dominion Voting Systems’ corrupt election software system was reportedly used in Pennsylvania

Along with that, Giuliani cited another set of numbers that don’t add up. Pennsylvania received approximately 1.4 million absentee or mail-in ballots. However, in the count for president, they counted 2,589,242 absentee or mail-in ballots. How will they account for the discrepancy?

“I know crooks really well. You give them an inch, and they take a mile. And you give them a smile, and they take your whole country.” These were Giuliani’s ending remarks for his opening speech.

Could all of these witnesses possibly be lying in a public hearing, making up the very specific details of what they saw and heard? The mountain of firsthand evidence can only lead informed citizens to one conclusion.

Here’s what President Trump is saying about all of this:

“The whole world is watching us. The whole world is watching the United States of America, and we can’t let them get away with it… This election was rigged, and we can’t let that happen. We can’t let it happen for our country.” – Donald J. Trump.

The zero hour cometh; we shall see if these hold up in the Supreme Court or if Biden will be inaugurated on January 21st, 2021.

Source : www.shtfplan.com
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Rough Ridin’ with Biden
22 JanS W.0
Joe's main problem is that he has no delivery when speaking. In fact he sounds like death warmed up. The USA is technically bankrupt finan...
The Zeitgeist Wants What the Zeitgeist Wants
20 JanJim C.0
Trump appeared weak, and was...weak. And always was more talk then action. Asking Democrats if they wanted their help with suppressing massive loo...
The Zeitgeist Wants What the Zeitgeist Wants
19 JanJ.0
The country seems to be lurching toward a cold civil war regardless of anything Trump may or may not do. Doing nothing might be all it takes to he...
This is How You Can Dodge Facial Recognition Software
19 JanFalconflight
With such insight and wit; you should be able to parlay it w/ a gig at Buzzfeed or HuffPuff.
Federalism, Not Breakup
19 JanFalconflight-1
There are 50 states currently. There are currently 435 Congressman. There is nothing in the Constitution maxing Representatives at 435 or that st...
The Zeitgeist Wants What the Zeitgeist Wants
19 JanFalconflight1
I just posted my latest bumperstick: "Trump Won", next to my other sticker: "Police State USA! USA! USA!" My next sticker will read: "Arrest Me"....
Signs and Wonders
15 JanJim C.
It is very late in the game for some deus ex machina to save our Republic, especially given yesterday’s Joint Chief of Staffs memo indicating inten...
Signs and Wonders
15 JanThemis
It is becoming increasingly clear that America is a nation under judgment (see Jonathan Cahn's "Harbinger II".
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS