This is just the start of a gold bull market
John Rubino, Founder of the Dollar Collapse website joins me today to outline how everything is lining up for gold investors. With central banks heading toward full ease mode and gold breaking out we are also seeing the gold stocks move higher as well. Overall this could very well just be the start of a bull market run for gold and silver.
Gold Price Rally Is Just The Start; “Perfect Storm” Is Coming
Kitco News – Thursday June 20, 2019
8 Reasons A Huge Gold-Mania Is About To Begin
06/19/2019
https://www.zerohedge.com/news/2019-06-19/8-reasons-huge-gold-mania-about-begin
Canadian HELOC Debt Pushes Past The $300 Billion Mark For The First-Time
June 20, 2019
“Loans secured by residential real estate are loans where equity is pledged as collateral. By pledging the home equity, the borrower gets a lower interest rate. In exchange, the lender has something to take away if you default. The most common form of these loans are home equity lines of credit (HELOC). The uses of this debt ranges from securing a business loan, to buying a second condo (banks encourage this).”
“Over the past 15 years, HELOC debt has become the second largest segment of debt – after mortgages. By itself, the loans aren’t good or bad, they’re just leverage. However, the surge in borrowing after real estate values soared, can leave borrowers in a precarious situation. The government has become increasingly worried about the issue. If you’re wondering why Canadians have so much debt, this is one of the reasons.”
Sorry, I meant to post this at the bottom, but I guess it’s “Bottom’s up!”
If the price of gold and silver has been manipulated for several years or more, what’s to prevent manipulators from knocking down the price of gold whenever they see fit?
The weekly, monthly, and quarterly gold charts are perfectly positioned to deliver an inverted crash to reverse the action of early 2013. Here’s a weekly chart:
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=6&mn=5&dy=0&id=p22584391135&a=543567821
This chart says it all: Breakout, thorough backtest, launch…
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=9&mn=3&dy=6&id=p72949442284&a=541770308
Most people only talk about gold priced in USD. I like how you addressed gold in other currencies. I am a Canadian, and the price of gold is only $11 below its all-time high, which was recorded in September 2011. My gold and silver (priced in Canadian dollars) continues to do what it’s supposed to – protect my purchasing power!
I recently posted the following chart of gold priced in UDN (USD bear fund) because it excludes the dollar and, as you know, gold looks great…
https://stockcharts.com/h-sc/ui?s=%24GOLD%3AUDN&p=W&yr=3&mn=9&dy=0&id=p42102652450&a=376633968
My guess is we get a burst of deflation when interest rates initially go negative as people decide they need to save more, then when that fails to stimulate the economy and it becomes obvious that negative interest rates are here to stay and may go more negative, everyone will dump fiat for any tangible assets they can find and we’ll get massive inflation. Then they’ll be a reset to ‘save us all’, at which point most people’s savings will be zero and we’ll all be dependant on the government for handouts, especially after any assets of value are confiscated to pay for the reset.
The Fed’s latest targets (dot plots), released in Wednesday’s statement:
(They look like spinning and wobbling tops to me…)
It looks good, but be careful.
I agree, this is just the start of a big move.
I posted the following the day before silver jumped more than 3.5%…
On June 18, 2019 at 9:57 pm,
Matthew says:
This is the best silver has looked in many months…
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=1&dy=0&id=p87788410736&a=640693408