The key to success is spreading the ideas of liberty until we have the ability to force the politicians to dismantle the welfare-warfare state and the fiat money system that is the lifeblood of authoritarian government.
The gold market also formed a large symmetrical triangle pattern from last year’s peak. Prices appeared to break out of the triangle to the upside last month. But last week they fell back into the triangle, which now appears to be nearing its apex.
Andy Schectman joins us to discuss what China is working on with their Belt & Road Initiative, along with their aggressive purchasing of Gold and many other commodities. This will reshape the global economy.
And no, nothing in this week’s market action changes the bullish big picture fundamentals for gold and silver. They remain far sounder stores of value than U.S. fiat dollars which are destined to depreciate.
If you think about markets, markets are basically places where people have beliefs, they turn them into behaviors, they produce market behavior, and then that market behavior comes back around and informs their beliefs.
Unfortunately, most folks are already struggling and may find accumulating the PMs life jackets challenging amid ever increasing price hikes and smaller portion sizes.
So, advocates of "fundamental" and "technical" analysis, where are you on gold tonight? Can you offer any explanation? Or are you just hiding under the covers until this smash is forgotten?
I’m wondering if the entire Kabuki Theatre production is being staged to torpedo the price of gold derivatives and thereby help the bullion banks cover a large portion of their unallocated gold liabilities (gold derivatives) ahead of the implementation of the Net Stability Funding Ratio provision of Basel 3.
