Loading ...The rise in the dollar was very interesting last week compared to gold. Thursday night overnight the dollar kept rising but gold stopped falling. Then on Friday morning the dollar stopped rising. It’s like gold stopped the dollar’s rise. Gold was a leading indicator for the dollars top and this also indicated a bottom for gold and a great buy in point for gold.
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we shall see Sun nite/Mon morn….
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This week is options expiry always a favorite time for the cabal to smash the precious metals. Next week we have a FED meeting and statement and BLS jobs report both are even more precious metal price smashing excuses for the cabal. We have been in a sideways funk for the PM’s for 5 straight years and are at the same price in silver that we were 10 years ago. No commentary should talk about anything else but how the price is being manipulated and suppressed and how this might come to and end. All other commentary is bullshit without this discussion.
Then after May comes the perennial summer doldrums. If we are high in price going into the summer it’s gonna come down a lot. If we are low in price going into the summer season there is often a nice little break out which has been quickly beaten back in the fall by the cabal.
I see absolutely no reason why it won’t be the same this year.
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In a nutshell:
Decades of Debt have caused the economic engine to be flooded.
30 years ago you got big increases in GDP with additional debt. Now it’s less than $1 of nominal GDP with $1 debt.
Broken model hence Zero interest rates, a historical milestone that nobody seems to talk about.Debt accumulation (borrow from future growth) is deflationary since you still have to pay interest which subtracts from future growth, and the impact grows over time.Hence….inflation will come but will not be “old-timey” style where economic engine has gas pedal pressed to floor and people spend too much money on things.This time, economic engine is broken and next round of QE (after equity markets collapse) will be MASSIVE and also central Bank co-ordination will end, as they all race to cheapen each currency more than the other. Final round of QE / Helicopter money will destroy confidence in FIAT and investors will decide they want things they can actually hold. So Inflation will come via increased Input Prices as material prices increase.Look at Long-Term Chart of Commodity prices. Cheap cheap cheap.Maybe. Because after 2008, if anybody tells you they know what is going to happen you should slap them.
cleaned that up for ya Rich. ipso