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For your viewing pleasure, some pictures that readers of
this site and NFTRH.com have been aware of for some time now and NFTRH
subscribers are repeatedly kept aware of (whether they like it or not).
Gold is not just another metal.
Gold is not Palladium, a flipped over version of which
(weekly PALL-Gold) gave us a DOWN signal months ago.
Gold is not just another commodity.
Gold is much different in its best investment environment
from the things previously promoted to have been beneficial for oil.
Silver is not gold either. But it's much closer,
which makes it a sensitive component of the metallic credit spread (H/T Hoye)
to economic, financial and monetary events.
And of course Gold vs. US Stock market, making a move but
still technically in a big picture downtrend.
Gold vs. Euro-hedged Europe.
Gold vs. Yen-hedged Japan.
Gold is none of these things, because gold does not do
anything other than sit there as a solid, pretty rock that irrational humans
have alternately over obsessed upon and ignored for long stretches.
That is what makes it a marker or barometer. Its very lack of utility
and income distribution make it the anti-asset. In that resides its
value when the levered up games start to unwind.
Other than that, I have no strong opinions on gold.
NFTRH.com and Biiwii.com.
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