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A major breakdown is in progress for the USDollar index. It has broken its
intermediate uptrend which began in April 2018. Eighteen months of official
rate hikes and tremendous hidden activity with derivative bond purchases,
which obscure the absent USTreasury Bond buyers, have finally weighed on the
King Dollar. The USEconomy suffers from 20 key breakdown signals, about which
the lapdog press refuses to report. The historical tightening has turned
into a failed experiment, an attempt to return to normalcy when no such event
can possibly occur. Ponzi Schemes cannot be gradually unwound. The USGovt
debt has gone past $22 trillion. The USGovt deficit this year is set to
surpass $1.3 trillion. The missing money volume for the USGovt, a fat pig
exploited by various departments, is conservatively estimated at $21
trillion. The global bond market investors no longer expect the USGovt debt
to be repaid, as a failure mindset has crept into the bond arena. Given the
repeated treatment since 2008, with expansion, the USTreasury Bond has become
the global subprime bond. Next comes the reversal of monetary policy, where
the US Federal Reserve begins to do emergency rate cuts in sequence. Expect
some big name corporations to be monetized. The USDollar will be harmed, Gold
will surely rise, and Oil will likely fall. A very valid point must be made.
In past financial crises, the United States drew $trillions in capital from
foreign markets. Next the opposite will occur, as foreigners will remove
$trillions from their US holdings in both stocks and bonds. The US will be
left to defend itself with corrupt devices. Gold will respond.
The uptrend is clear from April 2018 through May 2019. It has been broken,
but so far without much power. It is in the early stage of breaking the intermediate
trend. Watch for the Moving Average bearish crossover to occur. The 20week
MA is at 96.66 and the 50week MA is at 95.99 with not much time before a
potential crossover. When the 20wMA goes below the 50wMA, a long parade of
alarm bells will go off. Technical traders follow the Moving Average bear
signal. Also watch the 95.5 level as key support, and the 93.7 level as
key support. The latter is far more important. The global revolt against the
USGovt debt will play out in both the USDollar and USTreasury Bond. However,
expect some profound Wall Street shenanigans and treachery, where they push
the US Stock market down, cause a mild panic, and direct the funds into the
supposed safe haven of USTBonds. They did the same a year ago, and 20 other
times in the last two decades. They protect the USGovt debt market, and work
to keep the borrowing costs down. So the irony will be seen in a bond market
rally in the face of the Dollar Balance of Payment crisis.
CORRECT FORECASTS LINING UP
The Jackass forecasts are coming to the fore, made over the past few
years:
- Gold Trade Note is launched
- Germany flipping East
- China buying Saudi oil in RMB terms
- USGovt tossing the Saudis under the bus
- USFed reverts to Infinite QE Forever
- USTreasury Bond recognized as global subprime bond
- Numerous non-USD bank transfer facilities emerge
- Britain seeks a role in Belt & Road Initiative
- Iran becomes a vital member of Eurasian Trade Zone
- US loses control of oil market as OPEC dissolves
- The Dual Universe comes into form, USD vs RMB
- Shanghai gradually wrests control of Gold market
- US bond market unravels as crisis expands
- US finds utter isolation
GOLD PRICE READY TO BOLT HIGHER
The multi-year long-term Gold price downtrend has been broken. Holding the
Gold price down should be far more difficult. The recent USFed FOMC meeting
has pushed its price higher in USD terms, for a five-year high. A global
revolt is on full bore. The $1400 resistance level will soon give way in a
clear manner. There are 10-12 major factors pushing gold up, from USFed
policy to USGovt debt levels, to dumped USTBonds globally, to anger at US-led
sanctions, to rising non-USD trade. As the Jackass forecasted three years
ago, the US Neocon leadership has decided to sanction its own key allies.
They will earn isolation. The USGovt will be left to support its own debt by
means of the most pernicious devices, internally controlled. In other words,
the USGovt will deceptively purchase its own debt. This will end badly. The
Gold breakout target is $1750 per oz.
The Gold price has not registered new all-time highs in USD terms, but its
breakout from the very long-term downtrend is very significant and very well
noticed. The six-year resistance level of $1400 is being challenged. Just
today Friday, the Asian trading took the Gold price to $1422. The New York
crowd pushed it back down toward the $1400 again, but the breach has been
made. Finally the Gold market has gathered significant attention. Numerous
current factors are pushing the Gold price, which should very soon impressive
unmistakable moves. The entire Hat Trick Letter contains justification for
higher Gold price, with dozens of important critical factors at work to push
it higher. The reversal pattern is extremely clear, from the 1400 top to
the 1050 bottom. It defines the breakout target to be $1750, in a 350-point
run which will capture global attention. The gold fever will return, at long
last. The runup could happen later this year, or early next year. The two
primary players in control are China and the USFed & EuroCB.
These vile central bankers are busily accumulating Gold, dumping
USTreasury Bonds here and now. They are using closely aligned financial firms
to manage the process. They are using double book accounting, so that nothing
shows up on their balance sheet for prying eyes. They will continue to
criticize Gold while accumulating, as they follow the Basel plan for exiting
the grand insolvency that plagues the major central banks. They acted as
buyers of last resort for 20 years, gobbling up toxic sovereign debt
securities. They find themselves in a horrible bind. Their solution is vast
gold accumulation. They want to buy gold from the gullible distracted
deceived always shallow public.
It should be noted that the Gold price has broken out to new highs in
almost every single major and secondary FOREX currency. It first broke out in
the Australian Dollar, and in the British Pound. These actions fortify the
movement in USD terms. A word of caution. The banker cabal, the globalist
fascists, the corrupt elite uber-lords, will attempt to delay and derail the
big powerful Gold market advance. They might succeed for a few weeks or a few
months, but the Russians, Chinese, Indians, Iranians, Indonesians, and Turks
will assure the Gold Standard arrives, is implemented, and stands. Gold will
prevail over the USDollar.
GOLD BREAKOUT IN MAJOR CURRENCIES
The Gold price breakout has begun in Euro terms. All signals point higher.
The EUR 1240 top of July 2016 will not hold. The momentum is fierce. European
unity is fracturing amidst debt, yellow jacket social strife, and a cratering
economy. Big moves are coming, to capture global attention.
The Gold price breakout is building in British Pound terms. All signals
point higher with more momentum than in the Euro counterpart. The GBP 1060
top of October 2016 did not hold. The momentum is fierce. Big moves are
coming, to capture global attention.
The Gold price breakout is building in Swiss Franc terms. All signals
point higher with equal momentum to the Euro counterpart. The SWF 1340 top of
July 2016 did not hold. The momentum is strong. Big moves are coming, to
capture global attention.
The Gold price breakout is entering another gear in Aussie Dollar terms.
All signals point higher with more momentum than in almost any other major
currency. The AUD 1800 top of July 2016 did not hold. The AUD 1880 top in
February 2019 was also easily surpassed. The momentum is fierce. Big moves
are coming, to capture global attention.
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Jim Willie CB is a statistical analyst in marketing research and retail
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Jim Willie CB, editor of the “HAT TRICK LETTER”
Use the above link to subscribe to the paid research reports, which
include coverage of critically important factors at work during the ongoing
panicky attempt to sustain an unsustainable system burdened by numerous
imbalances aggravated by global village forces. The historically
unprecedented ongoing collapse has been created by compromised central
bankers and inept economic advisors, whose interference has irreversibly
altered and damaged the world financial system, urgently pushed after the
removed anchor of money to gold. Analysis features Gold, Crude Oil, USDollar,
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Reserve monetary policy.
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