US DOLLAR VULNERABLE TO A LOSS OF CONFIDENCE EVENT, MASSIVE SHIFT FROM FIAT PAPER TO GOLD & SILVER HARD ASSET UNDERWAY -
US debt negations have been delayed again, by squabbling political parties.
We are told that in May everything will be fixed, but the debt continues to grow, and so does pressure on the fed USD fiat currency.
The USD fiat dollar is vulnerable to a “loss of confidence” event.
That could create a stunning decline, and a powerful move higher in the price of gold & silver hard assets.
This chart has numerous head & shoulders top patterns on it, and it closed out the month of January below 80.50, which is great news for gold & silver bull prices -
As the EURO & US debt crisis continues to unfold, I expect more investors to transfer fiat paper currencies to gold mining -
As gold stocks have fallen by about 25% since the high last fall, the Aroon indicator has continued to climb higher. It tells me that the bears may be in store for quite a nasty surprise, very soon.
The spike in the euro will be followed by a gold price rocket, and gold stocks to follow I think it is!
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