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Gold Breakout Underway

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Taco
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Posts: 4545
Joined: July 9th, 2011, 5:30 pm

Gold Breakout Underway

Post by Taco » September 6th, 2017, 9:18 am

This is the end result of the US dollar death spiral...

This Hasn't Happened to Gold in Over a Decade
http://www.zerohedge.com/news/2017-09-0 ... ver-decade

Bloomberg Dollar Spot
https://www.bloomberg.com/quote/BBDXY:IND

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“Every time a President leaves the White House after two terms, there is a recession within the next year"

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Contrarian Expatriate
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Joined: December 3rd, 2009, 6:57 am

Re: Gold Breakout Underway

Post by Contrarian Expatriate » September 6th, 2017, 5:14 pm

If you really want to cash in on the breakout, you should be buying the gold mining stocks. I recommend GDX, GDXJ, or VGPMX they've been beaten down for so many years, that this is overdue.

The trick is to not hold them too long. Run it up and get back out.

Silver is actually doing well also as are the mining stocks. Look into SSRM and SLVP which are more erratic but on the upswing.
Feel free to visit my sites and to leave your respected words of wisdom:

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Taco
Elite Upper Class Poster
Posts: 4545
Joined: July 9th, 2011, 5:30 pm

Re: Gold Breakout Underway

Post by Taco » September 22nd, 2017, 12:38 am

The fact that crypto currencies and gold are breaking out at the same time indicates the US dollar is officially on suicide watch since they are both dollar replacements.

Central Banks are printing nearly $180 billion per month in QE. When the next crisis hits, it’s going to be well north of $250 billion if not $500 billion per month.

This is going to send inflation trades, particularly Gold, through the roof.
“Every time a President leaves the White House after two terms, there is a recession within the next year"

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Contrarian Expatriate
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Joined: December 3rd, 2009, 6:57 am

Re: Gold Breakout Underway

Post by Contrarian Expatriate » September 22nd, 2017, 4:02 am

Taco wrote:The fact that crypto currencies and gold are breaking out at the same time indicates the US dollar is officially on suicide watch since they are both dollar replacements.

Central Banks are printing nearly $180 billion per month in QE. When the next crisis hits, it’s going to be well north of $250 billion if not $500 billion per month.

This is going to send inflation trades, particularly Gold, through the roof.
Not just gold but also Platinum, Silver, Palladium, and Rhodium too.

Rhodium was about 10,000 an ounce in 2008 during the crisis, it is now just south of 1000 an ounce!

https://www.goldeneaglecoin.com/buy-rhodium

Remember, if you don't own physical bullion, you only own paper IOUs that might not be honored when The Great Reset happens.
Last edited by Contrarian Expatriate on September 22nd, 2017, 12:10 pm, edited 1 time in total.
Feel free to visit my sites and to leave your respected words of wisdom:

http://thedeclineofmyamerica.blogspot.com/

http://www.youtube.com/user/ContrarianExpatriate

Taco
Elite Upper Class Poster
Posts: 4545
Joined: July 9th, 2011, 5:30 pm

Re: Gold Breakout Underway

Post by Taco » September 22nd, 2017, 6:12 am

Contrarian Expatriate wrote:
Taco wrote:The fact that crypto currencies and gold are breaking out at the same time indicates the US dollar is officially on suicide watch since they are both dollar replacements.

Central Banks are printing nearly $180 billion per month in QE. When the next crisis hits, it’s going to be well north of $250 billion if not $500 billion per month.

This is going to send inflation trades, particularly Gold, through the roof.
Not just gold but also Platinum, Silver, Palladium, and Rhodium too.

Rhodium was about 10,000 an ounce in 2008 during the crisis, it is now just south of 1000 and ounce!

https://www.goldeneaglecoin.com/buy-rhodium

Remember, if you don't own physical bullion, you only own paper IOUs that might not be honored when The Great Reset happens.
That's very interesting.

With the recent gold breakout I also noticed that copper and iron ore have been declining. Its usually a bad sign for the US economy when that happens.

Metals Massacre
http://www.zerohedge.com/news/2017-09-2 ... month-lows
“Every time a President leaves the White House after two terms, there is a recession within the next year"

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