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Gold And Silver - The Only Money That Matters. Qrtly, Monthly Charts

The focus this week will be on the charts as much of the Western world remains embroiled in events that become harder and harder to cover up explain. The elites and their central banker's curtain continues to be pulled back for all to see, yet the vast majority of the public fails to associate the world's financial woes as having originated by pure elite greed for control over both money and people.

BREXIT has yet to be put into effect, and it remains to be seen if the globalists will ever allow it to happen. They have more tricks up their sleeves than a street full of prostitutes. At least with the latter, there is willing consent.

The only money that matters are gold and silver. Everything else is a sham substitute. The PMs did not put in a strong rally, although most seem to think that way. Nope. The fiats declined in their imaginary value. An ounce of gold and an ounce of silver have not changed. It just now takes a greater number of phony fiats to buy the PMs. There will be corrections along the way, but the trend of having to use ever-increasing numbers of fiats to buy gold and silver will continue, even most likely irreversibly.

The trillions and trillions of newly created debt, for which there was never any relation to reality, and the astronomical hundreds of trillions upon hundreds of trillions of banker- hidden derivatives used to cover up their Ponzi scheme, have never been greater. It is not even a function of hoping for the best, rather the only choice is to prepare for the worst, for the worst is coming like a tsunami that will crush the unsuspecting, the vastly unprepared.

The world is probably at the stage where the financial ocean tide is receding farther and farther away from shore. The globalists may do their worst and endeavor to cover up their unbridled financial sins with WWIII to divert attention away from themselves. There will be nothing that can do to stop the financial panic that is already in the process of unfolding.

Give a man a gun, and he will rob a bank. Give a man a bank, and he will rob a nation. This is exactly what the Rothschild-generated banking cartel has been doing for centuries.

As Rory Hall from The Daily Coin says, "If you've got gold, you've got money. If you don't have gold, you've got a problem." Throw silver into that equation, and it is a stronger truism.

The Quarterly chart has taken a turn for the better in a follow-up to the 1st Q 2016. The clock of financial doom keeps inexorably ticking away, and anyone unprepared by not having gold and silver, including those who have either, or both, but is still holding back on adding to their stash, is playing a fool's game.

It appears gold and silver are in the still early stages of turning around and getting out from under the yoke of central banker manipulation to keep the price suppressed. Since mid-February, gold evolved into a 5 month range of overlapping bars. Regular readers know that overlapping bars represent a struggle for power between buyers and sellers while there appears to be a balance between the opposing forces.

The balance is only temporary, even illusory, for a winner always emerges. When you look at volume, you see clues for a likely resolve. Note the highest volume on the monthly chart was red, denoting a lower close when sellers ostensibly were in control. Turns out, evidenced by the lack of downside follow-through in June, the exceptionally heavy selling effort by the sellers was fully unsuccessful as buyers overwhelmed selling efforts, took control and have since run up the price to current recent high levels.

Monthly Gold Chart

The sharply increased volume scenario described above can be more readily seen and understood in the weekly activity as it unfolded. The unabated rally from 1200 to 1360 took most by surprise. Take it as a shot across the bow for the manipulators that are losing control.

1350+ could be minor resistance, based on the identified failed swing high from June of 2015. No one knows how any market will unfold, hence the "?" in viewing that price level as possibly minor.

The gold and silver markets are sending a clear message, while the world gets bogged down in a financial quagmire, created solely by the globalists but to be suffered by the masses. Those with gold and silver will fare best during the worst of what is to come.

Weekly Gold Chart

The developing [chart] picture continues to improve. Friday's noted gap opening could be the start of another leg higher. Maybe it will be filled next week? It does not matter. What does matter is how the price structure, supported by positive volume, points to the higher price levels most have been eagerly anticipating.

Daily Gold Chart

Silver, step-child to gold for so many and suffering a poorer chart structure, relative to that barbaric metal, has been making stealth progress and will likely continue to outperform gold. The identified resistance around 22 - 23 is the same for both longer time frame charts, so one could expect temporary price hesitation, but that would be normal, even a healthy development, for continuation higher.

Silver Monthly Chart

For a clear statement made by silver, it absolutely blew right through what appeared to be strong resistance at the 18.60+ level, and it flew right through the small bearish spacing that has weighed and kept a lid on this market.

Not any more. That area will now become support on any retest[s].

Silver Weekly Chart

For as fast as price has rallied in silver, a welcomed and pleasing surprise for those who own this shiny metal, the gold:silver ration has greatly improved favoring silver as we have been saying all year. It was 84:1 several months ago. We used our own exchange of some gold for silver a few weeks back when the ratio was 75:1. As of Friday, it stood at just under 68:1.

We expect to see that ratio to favor silver in the years ahead, eventually reaching anywhere from 40:1 to its historic relationship of 15:1. The market will make that final determination.

Last week was a good week. We see it as a preview of many more to come. Keep on buying physical gold and silver, and we continue to favor silver over gold for the ratio play. We have been saying this for the past few years, and all purchases made this year are doing quite well.

As an aside, we recommended a long position in the paper market during last Thursday's evening trading session. Price was showing weak reactions lower -- weak reactions almost always lead to higher prices- volume picked up with price Thursday evening, and that is what prompted jumping into the futures market from the long side.

Silver Daily Chart

 

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