Loading ...Dow/Gold Thoughts
Quite a lot to take in with this chart, but compare golds basing formation with the Dow megaphone. I don’t think it’s going to end well for the DOW. I have a really strong feeling that something is going to snap towards the end of 2022. I don’t know what or why ( a banking crisis maybe ?). The result seems likely to be what takes us to golds 8 year cycle low in 2023. Beyond that, if I’m right, the DOW plunges further as we see a huge rotation into precious metals (hence my hunch it could be a banking crisis, causing lack of fait in FIAT, on a scale we haven/t seen up till now). This results in surging PM ‘values’ in an even more rapidly debasing currency. So there you have it…just when you thought things couldn’t get any worse…
Mike Maloney said that gold was the only permanent form of wealth and that all fiat currencies are eventually exchanged for gold in a cyclical way. He showed an amazing chart that displayed it over a couple thousands of years. Applying that, I believe we are in last phase of the current cycle where people lose faith in the value of fiat currencies and begin to steadily convert it into gold. Eventually they will exchange it for any amount of gold and this then begins the final collapse of the currency. That would correspond to a meteoric climb in the price of gold.
Such catastrophic predictions were easily laughed at just last year but today I can see them happening quite soon. I think it’s all part of the enormous debt bubble that socialist governments have made. USD/Gold/Treasuries/Stocks/Commodities are all responding to this very long term cycle. Spock said a lot about these things and they seemed a little far fetched a few years ago but the direction everything has been moving since then has confirmed what he was saying all along. All the crazy stuff going on around Covid-19 shows that the world no longer operates the way it used to. It’s the proverbial black swan event that will trigger the unimaginable heights the gold charts are suggesting.
Great chart once again.