Replies to post #754 on Awesome Stocks

[gfp927z]

>> Gold - cup and handle <<


Yes, since mid 2020 the gold chart was trying to form a cup + handle formation, but over the last 3 weeks it has morphed into what looks like a bearish double top. But the longer term gold chart actually has a much bigger cup + handle that has formed since 2012. The 'cup' from the recent 2020-22 formation is actually the 'handle' within the 2012-22 formation.

Gold has held up a lot better than silver, and chart-wise silver looks vulnerable. Silver bullion also has the disadvantage of having much higher premiums over spot, compared to gold. Some of the cheaper silver is ~ 12% over spot, compared to only 4% over spot for gold. So the ETF route has a big advantage in that regard, but also some disadvantages. The miners have more upside potential, plus a dividend, but also more downside volatility.

Owning some rural land/real estate still seems like the best solution, better than having an overly big % allocation in gold imo.



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[gfp927z]

Bigworld, The Bitcoin chart actually looks a lot like the silver chart right now. Both had a big runup, silver in mid-2020, and Bitcoin in early 2021. Since then they both have been in a prolonged sideways consolidation. and now both are sitting (teetering) at key support.

Personally I wouldn't mess with Bitcoin. With the CBDCs coming, it will probably end up being banned at some point, as happened in China. In the coming system, each country will have a CBDC controlled by the central bank, which will function as their domestic local currency. This will provide massive behavioral control over the population, when combined with a social credit score system.

But the big question is what will be the system for international trade and central bank reserves? Will the national CBDC's gradually merge and become regionalized, like the Euro, and together become the new global currency system? Or will that reserve role be held by the SDRs of the IMF, in the aftermath of a global financial crisis and IMF bailout of the world?

With countries like Russia and China building their own non-dollar systems, how long before the dollar reserve system is no longer dominant? What desperate measures will the US/Western finance cabal have to take in order to stay on top, and is that even possible? Lots of questions.

Rickards had a very disturbing presentation back in 2016 (link below) where he outlined the globalist's plan to deliberately cause a financial crisis in order to bring in their desired new paradigm. Will such a scenario be the only recourse left for a desperate Western finance cartel facing its own demise?

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