Goldtent TA Paradise

Sit down tight … then read post!

1. Patrick says:

   April 19, 2020 - 9:57 am at 9:57 am

   Ive also been told velocity is super low. I just see this as a ticking time bomb..

2. silverboom says:

   April 19, 2020 - 10:45 am at 10:45 am

   Well, heck yeah, velocity is super low. All this money shoveled into the country by the Fed has nowhere to go…20% unemployment, businesses shut down, commerce comes screeching to a crawl…the bulk of the $$ created and sent out has gone to Wall Street and the banks. There is nowhere for these funds to go, so velocity is dropping like a stone. Have we hit bottom? Who knows. Who knows how this will restart? The damage done is beyond calculating. So many follow-on industries: no one making cars, car dealers hardly selling a thing, finance companies biz dries up, the salaries/income of all those people disappears (offset by $1200 – $2400 checks!), suppliers to car dealers halt, truckers delivering cars shut down, railroads lose freight, and on and on it goes. So yes, of course, velocity has dried up precisely when trillions pumped into the “system.” Who knows what comes next? No one. But we do know there is a relationship between gold and currency depreciation and hard times. That’s why record prices for gold in almost every currency except the US dollar. Its time is coming, and soon. I, for one, will continue to hold back spending when we finally come out of this collapse, and I suspect many will do the same. Caution will be the order of the day, I suspect, not a return to the punchbowl by main street. People have a lot to recover from, so they won’t be running out to buy a new car when their job suddenly materializes again. Nor will they be thinking of a vacation, methinks. How will Disney ever recover? The Cruise industry? Airline industry? We are in a bushel full of trouble. Gold will have its triumph in the midst of despair.

   • Fullgoldcrown says:

     April 19, 2020 - 10:49 am at 10:49 am

     Just got an email from Volkwaggen ..can but a car online…they will deliver it….no payments for 9 months

     No interest .

3. Northstar says:

   April 19, 2020 - 12:14 pm at 12:14 pm

   It’ll be fascinating to see if gold just slices through $2000 like a hot knife through butter.

4. Bikoo99 says:

   April 19, 2020 - 12:46 pm at 12:46 pm

   Patrick for this dummy can you explain thia chart.
   Bottom panel is ROD for ??? M2 money supply??
   Main body is M2 money supply???
   Left axis notes USD?? but there is not chart.
   Sorry i like to study your great charts. but thia one need some guiding from you. Thanks

   Yes gold is on the verge of something big.

   • Patrick says:

     April 19, 2020 - 1:24 pm at 1:24 pm

     Hey Bikoo. Good observation. The left axis is gold price.. analog. The right axis is M2 money stock.. but that series is hidden. I then applied a 12 month rate of change indicator to the M2 “hidden” data series. That is what you see in bottom window.

     • Bikoo99 says:

       April 19, 2020 - 1:39 pm at 1:39 pm

       Thanks got it. I knew the ROC but did not see M2. Thanks.

       Great work.