The most disgusting form of socialism is of course…socialism for the rich. The “playground for the rich” US stock market chart. There’s an enormous broadening formation in play, and that suggests a market that is out of control.
Both US political parties enjoy referring to their horrifying debt and money printing programs as “economic stimulus”.They sound like characters in a George Orwell novel, which is quite disturbing.
Historically, gold tends to do well ahead of US elections and after the Chinese “Golden Week” holiday. Both these events are currently in play.
Important price action on the daily gold chart. The short-term gold chart. There’s a double bottom pattern in play, and it comes as the reaction reaches decent support.
As gold rallied into the $2000 round number resistance area, I asked investors to prepare for a pullback to my key buy zone at $1788. The daily gold chart. The pullback has been quite orderly.
Competition is supposed to be healthy, but when governments compete to see who can borrow the most money while paying their lenders little or nothing… that’s not healthy at all.
The government saved nothing to prepare for any type of crisis, and the result of that failure is obvious. As horrifying as the failure-to-save actions of the government are, I’ve argued that most of the Corona crisis debt is factored into...
The “KISS (Keep it simple, superstar!)” investing principle is important, especially in the gold market. Business owners and stakeholders don’t have a lot of time to be deciphering candlesticks on a gold chart, but there are some easy...
The “recapture the good times” gold chart. Gold has recaptured the $2000 price marker, and there’s already a noticeable pattern of higher highs and higher lows from the low of the reaction. That’s bullish action!
Gold is at a point where most of the horrific Corona crisis news is priced in, the US economy continues to strengthen, and not enough government handout money has been spent by Main Street to create inflation.