Loading ...Dollar/ Gold/ StockMarkets Up? Everything including Oil and Silver Down?
GOLD BACKED U.S. CURRENCY BY 2020? Or in my opinion atleast by the end of Trump’s second term.
I recommend listening to 6 minutes from this video above. Minute 33 to the end.
One Q gold/investment related image:
A gold backed United States Dollar makes a lot of sense from what the charts are showing. Gold stocks/General market stocks/United States dollar all appear to want to rise.
If a gold backed US Dollar happens, does everything else including silver and oil go down? Very possibly. I still see a future with oil in the teens and silver/CRB going down according to the charts. Such a scenario as a gold backed U.S. Dollar could do it?
-The dollar has had its major monthly breakout up.
-Gold has refused to go below its MAJOR monthly H&S neck.
-Silver has broken below its major H&S neck and backtested. (Still could be false breakdown)
-CRB has broken down.
Discuss… Your thoughts?
It depends on what length of silver charts you look at. I think if silver breaks out from its downtrend since 2011 at about $16.25 or so on quarterly charts it will head back to $50 during this next leg up. There is too much built up energy for it not to. Per Rambus’ charts this would create a potential handle for the 40-year cup pattern. There are other analysts using different tools that support this generally idea. Also, silver has not kept up with gold over the last few large cycles, it has much catching up to do.
Could be. Could be a false breakdown but it Gold was backing the currency and silver wasn’t maybe we’d see silver relegated to just the value it has as a commodity?
I don’t have access to long-term charts when Nixon closed the gold window. How did silver perform before then, when gold backed the USD?
The dollar quit being redeemable in gold in 1933 and was still redeemable in silver up until 1968 so doesn’t really compare to if we went fully gold backed and not redeemable in silver.