• 656 days Will The ECB Continue To Hike Rates?
  • 656 days Forbes: Aramco Remains Largest Company In The Middle East
  • 658 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,058 days Could Crypto Overtake Traditional Investment?
  • 1,063 days Americans Still Quitting Jobs At Record Pace
  • 1,065 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,068 days Is The Dollar Too Strong?
  • 1,068 days Big Tech Disappoints Investors on Earnings Calls
  • 1,069 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,071 days China Is Quietly Trying To Distance Itself From Russia
  • 1,071 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,075 days Crypto Investors Won Big In 2021
  • 1,075 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,076 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,078 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,079 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,082 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,083 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,083 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,085 days Are NFTs About To Take Over Gaming?
Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

  1. Home
  2. Markets
  3. Other

Yes, This Is a Major Gold Bottom

"Be fearful when others are greedy, and be greedy when others are fearful." ~ Warren Buffett

The technical reasons for buying precious metals has been clearly documented by Clive Maund here http://www.safehaven.com/article/30105/gold-market-update and here http://www.safehaven.com/article/30104/silver-market-update

Why is this the bottom now? Vedic Astrology gives us the answer.

J.P. Morgan "Millionaires don't use Astrology, billionaires do."

Why Vedic Astrology? It works! Yesterday, Mars one of the main planets influencing gold/silver became visible to the eye in the sky, also termed rising, or becoming free of combustion. Consequently it's strength returned and now can/will support the precious metals. There are other astrological reasons why the precious metals will now do well. I will be long precious metals till August 11th. Then I will short the general stock market for a few weeks. Then I will rebuy the precious metals. From August 11 for a few weeks, I expect a modest correction in the metals.

Silver will outperform gold in the near term. Another very positive indication is the relative strength of the gold shares to the gold price (GDX to GLD).

While I think it is temporarily safe to own paper gold, eventually it will be worthless and only physical gold, safely in your possession will have value.

If you want to know what is really going on in the world, please check out these websites. I have no affiliation with them.

http://www.infowars.com/
http://www.activistpost.com/

 

Back to homepage

Leave a comment

Leave a comment