• 405 days Will The ECB Continue To Hike Rates?
  • 406 days Forbes: Aramco Remains Largest Company In The Middle East
  • 407 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 807 days Could Crypto Overtake Traditional Investment?
  • 812 days Americans Still Quitting Jobs At Record Pace
  • 814 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 817 days Is The Dollar Too Strong?
  • 817 days Big Tech Disappoints Investors on Earnings Calls
  • 818 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 820 days China Is Quietly Trying To Distance Itself From Russia
  • 820 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 824 days Crypto Investors Won Big In 2021
  • 824 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 825 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 827 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 828 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 831 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 832 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 832 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 834 days Are NFTs About To Take Over Gaming?
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  1. Home
  2. Markets
  3. Other

Gold And Silver - Charts Only

We have a conflict in time, this weekend, so we are presenting charts only, since they provide the best information about what the market is doing, especially when almost all fundamental data has not produced the positive results they appear to indicate.

The fiat Federal Reserve "dollar" remains the antithesis of gold, since the elite's central bankers do all they can to discredit the metal that makes a lie out of all the fiats issued and without taking responsibility for its ultimate destructive outcome. After all, the sole objective of the elites is to steal as much wealth from the masses as possible during their quest for a New World Order, well on its way.

The chart notes indicate a greater likelihood for another rally higher, and an additional reason comes from the base out of which this fiat paper currency has rallied. You can see how the "dollar" index has been in a base TR since 2006, on this chart, and said base provides the impetus to carry price much higher than has developed, to date.

The demise of the corporate federal government is pretty much a foregone conclusion, but the timing will take much longer than most people believe, as the potential for higher prices show on the charts. For as long as the toxic fiat Federal Reserve Note can prevail, so too will the elite's fading corporate federal government.

As an aside, the elites could care less about the fate of the US and its population, for it has already moved East, to be covered at a later date. The US has been depleted of all of its wealth. China is now in early process. Where Russia and its vast natural wealth fits in remains to be seen.

US Dollar Monthly Chart
Larger Image

The net results of the chart comments is to expect more backing and filling, and we are of the mind that higher fiat prices may been seen, at least until the charts indicate otherwise.

US Dollar Weekly Chart
Larger Image

Higher time frame charts are for a truer reflection of market context and direction, for it takes considerably more time and effort to change the direction of monthly, and even higher time frames, to change. Charts can be like a mosaic where you can see something unseen from one viewing to another. We attribute this to the fact that when one makes a presentment of a particular point of view, that view takes on a bias, and that bias will block out information that does not support what is being presented. This point of view may be too in-house, but there is a sound basis for it.

The fact that price has not rallied higher since the December swing low, coupled with a demonstrated inability to break overhead resistance [horizontal line], keeps the December low in question and positioned to be broken. Too soon to tell but something of which to be aware.

Slver Monthly Chart
Larger Image

One cannot make out of the available information more than what is there. Price is at the lower ranges within a down trend, and also in the middle of a trading range where the level of knowledge is least reliable [because price can continue to move to the upper and lower areas of the TR and not exceed them, thereby staying within the established TR].

Silver Weekhly Chart
Larger Image

Sometimes, all one can do is let the market continue to develop until there is greater clarity for a move, one way or the other. This is one of those times. There is little to be gained from pushing on a string.

Silver Daily Chart
Larger Image

The pushing on a string theme is really prevalent throughout the gold/silver charts. There is nothing that indicates a shift from the down trend to one that can and will go higher. Almost everyone's expectations are for gold and silver to move dramatically higher. The charts do not support that collective opinion, at least not at this time.

The comments made about the fiat Federal Reserve Notes apply here. The expectations for a change in the trend for PMs will take longer than most have expected, a fact we have been pointing out for the past 2 years. One's belief that gold and silver have to rally to considerably higher price levels is nothing more than a belief about reality, but few take into consideration that a belief about reality does not mean the belief reflects existing reality. The belief is real to the one who maintains it, but it is dysfunctional. The reality is that PMs prices remain low and will likely continue to remain low, at least for now, based on current price behavior patterns.

Gold Monthly Chart
Larger Image

NMT = Needs More Time. Enough said.

Gold Weekly Chart
Larger Image

Little can be added to what has already been discussed from previous charts.

Gold Daily Chart
Larger Image

 

Back to homepage

Leave a comment

Leave a comment