Gold: Past, Present, and Future

After a brief lull, Andy Hoffman returns with something quite interesting:

http://www.24hgold.com/english/news-...r=Andy+Hoffman

"The number 21 doesn't sit well with everyone."

Yeah, I shorted this one 😁

Dow Jones at 23329. I watch this indicator closely, and yes... it’s worth noting that about a year ago, we were sitting at 17000. A few pieces of the puzzle are still missing, nothing is entirely clear, but regardless... back in 2010, for instance, the value was 11000. Economic growth isn't even remotely keeping pace with this surge in stock prices. Meanwhile, Jim Rickards—who proved himself quite accurate regarding Brexit and Trump—is doubling down on his prediction that the Federal Reserve won't raise interest rates, which is the exact opposite of what the market expects. This two-year interest rate seesaw suggests there is no clearly defined policy heading into the next four quarterly Federal Reserve meetings. Why? If a recovery has actually started, why the hesitation? Perhaps they are just watching to see how it plays out, but for now, there is no momentum. In my opinion, you could be looking at a delusion.
I'll see you all eventually, likely following Jim Rickards' lead by spring... That's when the creeping volatility starts, if I dare say so. According to Jim Rickards, things will remain steady until the final months of 2019. The war on gold continues... It seems inflation only shows up in stock prices, right? Just a reminder: some prominent figures suggest we could "finish" well below 10000 on the Dow Jones, and that's being nominal.😉

https://www.google.com/url?sa=t&rct=j...cnRHH77O-LQf3n

"official sources are often wrong"

What on earth does that have to do with the price of gold?

Feeling pretty damn good about this short position 😁

Here is a quick look at how people are positioning themselves in the US precious metals market in this video... It also features the esteemed Dr. Marc Faber and his rather controversial remarks... If he really is being bigoted, 😉 the man does live in Thailand.
It’s worth observing the level of discourse among these long-time market observers and asking ourselves WHY they are saying what they are saying. This might just be one piece of the larger puzzle. Pay attention; it could prove useful...
Another individual, someone I personally find quite significant, claims we are "on track." Here is an earlier clip:



This kind of oversight is becoming increasingly strange, and it could turn out to be very expensive.

"Money is being left out in the street."

Going short on gold (see above) was both a brilliant financial move and a total win for my conscience 😁

Is the target still sitting at 700? I’d love to know if I should be looking to pull the trigger on a purchase before the window closes up on me.

In principle, things could go even lower. The real question is just how and when that happens. Since I’m playing with 4x leveraged short ETFs, any delay in the crash is basically just burning my cash. For now, I’m sitting tight waiting for the 1000-1100 range before making my move. If the market decides to rally instead? Well, good grief, I’ll just cut my losses and get out—it'll feel even sweeter once I'm back on top. 😁

My logic here is pretty simple: the gold bugs are going to get stripped completely bare, and then the vultures will swoop in to pick what's left over 😁

I honestly feel a little bad for silver, though. It’s sitting at such a bargain price right now, but hey, it can always go even lower 🤷

Is it actually possible? Could gold be making its way back into the market as legitimate currency through the side door?

"As time passes, once residents start using both US Dollars and precious metal coinage, the reality that those coins maintain far more value than US Dollars will trigger a “reverse Gresham’s Law” scenario—where the "good" money (gold and silver) effectively pushes out the "bad" money (US Dollars). When that shift takes hold, we could see a massive chain reaction: real wealth flowing directly into the state treasury, a surge of new banking business coming from outside the region—as the Gold standard movement gains momentum—and eventually, a massive public backlash against using US Dollars for everyday transactions.”

Are we looking at a future where we're lugging around heavy pouches of coins, or will gold just become another digital entry on a screen?

Gold and silver tax exemption bill

https://schiffgold.com/key-gold-news...8a40-192608337

hahhaha... look, the light's gonna turn 😛

Dennis Fisher5 said:Is the target still sitting at 700? I’d love to know if I should be looking to pull the trigger on a purchase before the window closes up on me.

Dennis, where on earth did you get this 700 target from? And are we talking Euros or Dollars here?

brisksurfer6 said:My logic here is pretty simple: the gold bugs are going to get stripped completely bare, and then the vultures will swoop in to pick what's left over 😁

I honestly feel a little bad for silver, though. It’s sitting at such a bargain price right now, but hey, it can always go even lower 🤷

brisksurfer6, could you perhaps elaborate on that? What exactly do you mean regarding the gold bugs?

When I’m talking about the gold-bug crowd, my go-to is the highly reliable PSCI—what we call the discretionary capital market indicator.
PSCI stands for the Peter Schiff clown indicator. Look, I didn't cook this one up myself, but lately, it’s been gaining some serious traction among the "smart money" circles.

In the segment from 37:00 to 38:00, Marc Faber claims he sabotaged the pâté:



"Everything will go south eventually."

Which path should the elites follow?🍿
http://www.schroders.com/en/hk/retir...bal-liquidity/

wiredorca22 said:Which path should the elites follow?🍿
http://www.schroders.com/en/hk/retir...bal-liquidity/

The numbers look fine on paper, but our government is a complete joke. The Federal Reserve and the ECB are both hiking rates and tightening liquidity. We have barely managed any meaningful debt reduction over the last year, yet they are already looking to strain the budget again by increasing spending on defense and healthcare. Instead of using this next year or two to aggressively tackle the deficit, we are heading straight toward a debt-to-GDP ratio of 160%. When the next crisis hits, what will happen? Our incompetent politicians will blame secret societies or communists, when in reality, we are the ones building this disaster ourselves.
I realize this is off-topic, and I apologize. However, it relates directly to the end of Quantitative Easing and the onset of QT at the central banks.

A quick nod to Egon
https://goldswitzerland.com/only-con...-will-survive/

It’s unconfirmed, and we can’t say anything for certain yet. But three days have passed, and frankly, the real question remains: WHERE IS THE CONFIRMATION? It appears even a member of one of those heavy-hitting banking dynasties has paid the price. Definitely worth investigating, though the whole thing feels suspicious already...
This changes the game. Up until now, we’ve seen these "incidents" involving low-level bank employees—basically the banking version of Mark Twain—just minor players, much like the stories you'd read on ZeroHedge.

https://www.google.com/url?sa=t&rct=j...k3LhD1b7hjIkDt

One could certainly suggest:

"feel for the pulse"