Hello from Aussie Digger
New member here.
Little background. Australian, been in business most of my life, property developer and also precious metals investor. Trained as an accountant and property valuer.
I live in both Coffs Harbour Australia and Sun Peaks BC where i ski the winters.
Believe in family, sound money, freedom and getting governments out of our lives.
Life in Australia has been very difficult, with Australian Government and State Governments using significant levels of coercion and duress to make people get vaxed. I have fought it all the way, short of losing my family. I’m unhappily doubled vaxed with Astra Zeneca.
The last twelve months has been very much sideways for us precious metals investors. The markets have been and are manipulated on a regular basis.
Those who are long term investors in precious metals eventually realise that.
Precious metals are massively under valued. Especially silver. If they were allowed to seek their real value we would see a rerun of the 1970’s gold boom.
Now Ive been watching this pattern converge for sometime. In my opinion charting can only work in free markets. Which just leaves us with general trends.
However this developing pattern has me intrigued. It might be something, it might be nothing at all.
So this is gold in US$ first long term.
And the two hour chart.
The date? Next Wednesday the 15th December 2021.
The dotted line? 1776
In Australia Prime Minister Morrison wants to open up Australia from the 15th December. QLD premier who has had her state isolated for months, suddenly declared that they will be opening up there borders from the 13th December 2021.
1776? Proclamation of independence in the US.
Now its probably nothing, but if next week, the US$ gold price settles at $1776 on the 14th, 15th, 16th then I would not be surprised to see a very major break out upward within days.
Lets hope so!
A couple of good points there, mate!
Welcome Sir Digger
Very Interesting Chart
Great to have an Aussie Perspective here.
Surprising news regarding “Opening Up ”
Cheers
Fully
Welcome Aussie Digger!
Your reasons make a lot of sense and Wed. the 15th is FED meeting announcement day. Should be the second and larger up move of a two phased BO. First is this Friday the 10th with US inflation numbers. The real BO comes with the FED announcement.
Do not talk to me about “opening up”!
I live at Ayers Rock Resort in the NT and my partner can only visit from South Australia if she quarantines in Alice Springs 450km away for 14 days.
The Resort had planned to recommence business after 20 Dec with flights ex Sydney, Melbourne and Brisbane but that cannot happen under the current quarantine rules (cannot quarantine here and the average stay is only around 2-3 nights)
This multi million resort will have no choice but to close!
None of this impacts on me because I am unvaccinated and cannot go anywhere (or return) so I am stuck in the desert for the foreseeable future just as my friend has been for 12 months in Perth and his wife in Sydney.
This stuff is mind boggling and all Australians should be outraged but we are such a compliant country…gave up our guns at the drop of a hat!
Meanwhile the precious metals will also have a terrible 2022 declining into their long term cycle low with a few BMR’s along the way. The gold producers are way overpriced and poor value until their is a widespread “point of recognition” that the cycle high was in 2021 and the long term trend is now DOWN.
I suggest you follow the AUD closely…the “commodity currency” and wait for it to break the 2020 low around 55 cents, then and only then will gold and commodities become interesting again!
All the best!
Sorry to hear of your troubles Norvast! I’ve been trying to highlight the Aussie tyranny but outsiders are not going to be able to fix this.
Have you seen Max’s latest — he is beyond passive resistance and the rhetoric is moving to action vs peaceful demonstration — quite disturbing that this should be happening to a friend nation and it will likely follow in other commonwealth countries –> THE STARK REALITY –> https://www.bitchute.com/video/bUJZxXIPmmJZ/
Thanks, Norvast, for piping up. Your input has been sorely missed at the tent.
Stay strong, my friend.
Welcome to the Tent. See you on the slopes in the New Year.
I’ve been following the wedge and the TIME is almost upon us. The big question is which direction from here?