Last week the precious market got a “Triple Whammy” of a silver duty hike in India, another rate hike from the Fed, and a blowout jobs report.
Gold is often soft on Tuesday and… today is Tuesday. The uptrend line is being tested today, which is not a surprise. In just a few months, gold surged from about $1610 to $1950! I’ve urged investors to sell into this massive rally.
The glory of gold. In a world ravaged by debt, fiat, and war… is it a time for gold bugs of the world to be bold?
In the financial markets, history shows that rather than lots of exciting predictions, mundane preparation for surprise is a much better tool for building immense wealth… wealth that is sustained.
A child who is a brat and a bully must be punished or be isolated so they can’t harm other children. The US government has become the world’s largest brat, using fiat and debt to relentlessly bully citizens at home and in faraway lands....
For 2023, my suggested “average investor portfolio” is 40% gold (or 40% silver for silver bugs), 40% fiat, and 20% everything else. Aggressive investors will want more of the “everything else” category.
It’s been a decent year for big league assets like the Dow, the dollar, and for the greatest asset of all, which of course is gold.
The 2021-2025 war cycle requires investors to focus their attention on the US dollar and gold. The disturbing USDX chart. The chart looks terrible… and the fundamentals look worse.
When humans are newborn, they rely on mommy and daddy or a caregiver. Over time, most children grow up and begin to look after themselves.
The 2021-2025 war cycle is currently in a lull and oil is likely to determine what happens in 2023. The daily oil price chart. An aesthetic right shoulder is forming now, and the target is about $94.