678 replies to this topic

[Smithy]

2 days 5 min chart GLD and HUI -      Monday 3 pm EST

 

[Smithy]

[Smithy]

Bitcoin

 

Ray Dalio points out that countries around the world like to control their money, and they established central banks for that purpose.

 

Bitcoin is outside their control and is mushrooming in size daily. Central banks won't like losing their control over money to bitcoin and so we can expect it to be banned. This has already happened in India. It should provide a marvelous boost to the gold price when it happens in the U.S.

[Russ]

Bitcoin

 

Ray Dalio points out that countries around the world like to control their money, and they established central banks for that purpose.

 

Bitcoin is outside their control and is mushrooming in size daily. Central banks won't like losing their control over money to bitcoin and so we can expect it to be banned. This has already happened in India. It should provide a marvelous boost to the gold price when it happens in the U.S.

Martin Armstrong says the same thing, governments will not allow private currencies to compete against them and they will force conversion of bitcoin  holdings into dollars or other government currencies. The question is when?  Governments are also getting ready to change to digital currencies and will attempt to disguise their massive debts when they do it.  "You will own nothing and be happy".. Klaus Schwab World Economic Forum,  this according to Armstrong is giving permission for the public to default on their debts and at the same time governments will give themselves permission to default on their multi trillion dollar debts.

[Smithy]

Silver (and gold) breaking out

 

[Smithy]

You can dust off your outrageous forecasts for gold and silver. History supports you.

 

[Smithy]

Back for a goodbye kiss

 

[Smithy]

Tim Ord Twitter today on gold and silver:

 

Gold – Gold tested $1761 early on Wednesday and then tested $1790 after the Fed speak – this is constructive. Looking for silver to lead the way, however.

 

Silver – Silver tested $25.875 early Wednesday before rallying into the evening to test $26.58. Closely watching a potential short squeeze in silver after the Comex expiration. A close above $27 could get the PM sector moving broadly higher.

Tim Ord on GDX/Gold ratio

https://twitter.com/...849200776454146

[Smithy]

Three posts above shows the correlation between a burgeoning M2 and CPI.

Here's an M2 update. 

 

[Smithy]

Correlating the price of silver with inflation