Going, Going, Gold!

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Published : June 06th, 2019
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Category : Gold and Silver

Gold is now back in the news and we find that rather appealing. We like gold, we like discussing gold and, above all, we like holding gold. The same goes for silver.

We are on record for some time now stating that gold and silver would begin moving to higher ground beginning in the second half of 2019. We have only discussed one of the lofty heights we see gold reaching as time goes by. The annualized average high for gold is going to breach the 2011 average annual high of $1,760 sometime between 2021 and 2013. Once it arrives at it’s base it shouldn’t retreat from that point.

We are now seeing real changes in markets. The ongoing rot that began in 2008 is now becoming unmanageable. As we have discussed for the past several years, the bond market is lie, the stock market has become nothing more than the window dressing of propaganda used by the Office of the President (both Obama and Trump) to continue the lie that began in 2008. The more serious signs of “end of empire” are right there for anyone with eyes to see and ears to hear the screams. Empire, unfortunately, is now global and most of the world is in a tailspin of despair.

The shiny bright spot in this gloomy picture is gold. Gold is money, always has been, always will be. Since I can’t fix the world or “save the planet” I should do what I am able to save my family. We will be happy to help others as we are able, just like in plane crash, “put on you oxygen mask first, then help someone else” is our philosophy.

Gold will not save lives. Gold can not be eaten. Gold does not generate an income. Gold doesn’t do anything. However, gold can be used to develop new technologies that save lives and be used as currency to purchase equipment to save lives. Gold can used, in times of need, as money to purchase food or seeds that grow food; Federal Reserve Notes will make for great kindling for a fire to cook the food. Gold maintains its purchasing power and while not exactly an income it doesn’t loose value, so, by default it is in fact generating an income.

Gold has been in the news little more than usual this week because gold is moving to higher ground and telling the world there are major problems that need attention. Gold always tells the world when problems arise and this is one of the main reasons the power junkies hate it so much. You see, their power comes lies, deception and debt. Gold is none of that. If you are currently gold free you may want to rethink that idea. As Alasdair Macleod said a few years ago during a conversation on the Shadow of Truth channel – “If you’ve got gold, you’ve got money. If you don’t have gold, you’ve got a problem.” This has been a driving force for this website and my life.

Gold has been moving to higher ground for the past week or so and we can only hope this trend continues for another week or so to establish a better foundation for remaining above $1,300. If this happens we firmly believe that $1,400 or higher is achievable by years end. Of course the “market makers”, you know the scumbag banking cartel that sets the “price” where they want it. They could come in at any time and change the entire game.

We keep watching gold grow stronger, even in times of weakness gold is still the best money known to mankind.

Neils Christensen, KitCo News, was echoing a lot of what we have been saying for some time.

A weak U.S. dollar, falling bond yields and struggling equity markets are creating the perfect storm that will eventually drive gold prices to $1,400 an ounce, according to one research firm.

In a report Wednesday, commodity analysts at Capital Economics reaffirmed their year-end target for gold as the market continues to benefit from shifting investor sentiment. Although off their more-than three-month high, gold prices are holding on to considerable gains, up nearly 4% in the last five sessions; August gold futures last traded at $1,333.80 an ounce, up 0.38% on the day.

“We have long expected the gold price to pick up strongly in 2019, largely because we thought a slowing U.S. economy would prompt the Fed to loosen monetary policy and that risky assets, including equities, would fall sharply,” the analysts said. Source

We no longer hold any stock and we have never held any bonds of any kind. According to the short sighted chart above gold has another $15-20 climb before it takes a breather. The only question at this point is wether it will make and if it does will we see another massive dip like the one May and October 2018 before it begins its ascent into years end.

Source : thedailycoin.org
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Rory Hall, Editor-in-Chief of The Daily Coin, has written over 700 articles and produced more than 200 videos about the precious metals market, economic and monetary policies as well as geopolitical events since 1987. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver and Silver Doctors, SGTReport, just to name a few. Rory has contributed daily to SGTReport since 2012. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few.
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