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The reversal in gold and will the Fed actually hike rates?

Cory댊
August 24, 2021

John Rubino, Founder of the Dollar Collapse website joins us today to share his thoughts on the $150 reversal in gold over the past 7 trading days. John thinks the Fed will not be tapering at the next meeting and that will help drive gold higher.

Click here to visit John’s site – Dollar Collapse.

Discussion
23 Comments
    Aug 24, 2021 24:30 AM

    Always have time to listen/read John Rubino. He always seems excited to tell us what he is about to say. Here’s another favorite and a good listen: G. Soloway: https://marketsanity.com/gareth-soloway-bitcoins-going-lower-after-the-next-top-of-52500-ish/

    Aug 24, 2021 24:03 AM

    SLV:GLD looks good (which is important for the bullish case for the sector).
    https://stockcharts.com/h-sc/ui?s=SLV%3AGLD&p=D&yr=1&mn=7&dy=0&id=p04811939411&a=1008354500

    Aug 24, 2021 24:08 AM

    We’ve had an impressive 3 day leap in the Canadian dollar so it will be very bullish if it can continue higher without first pulling back.
    https://stockcharts.com/h-sc/ui?s=%24CDW&p=D&yr=1&mn=0&dy=9&id=p80079462054&a=579387550

    Aug 24, 2021 24:25 PM

    Nibbled a little today.

      Aug 24, 2021 24:07 PM

      What were your snack choices if you wish to reveal…

        Aug 24, 2021 24:49 PM

        David, cisco mining (osk.to). The reason is it’s just above the lower BB on the monthly chart. Every time it moves down to the lower monthly BB line I buy a little. Often when a asset does that it bounces off the line—if it moves lower it usually does very slowly over time instead of cascading lower if there is still distance between the lower BB line and pricing.

          Aug 24, 2021 24:16 PM

          Good info Doc. I have a small amount of money coming into my account tomorrow and I was looking at the charts of about 7 of my stocks today. Several have that lower BB formation. I will look again and pick one of those to add. Thanks. Timing great.

      Aug 24, 2021 24:27 PM

      DOC,
      I nibbled on HL and opened a position. But I fully anticipate the gap at 5.63 to get filled.

      https://ibb.co/FYxBqRb

        Aug 24, 2021 24:52 PM

        I would say the odds of that happening are very high. In fact, I would not be surprised to see HL move even lower over the next few weeks. The monthly chart does not look very encouraging here.

        Aug 24, 2021 24:26 PM

        I bet it won’t unless it’s heading for that huge 5% gap from December (in other words, the whole sector goes lower).
        https://stockcharts.com/h-sc/ui?s=HL&p=D&yr=1&mn=0&dy=9&id=p84339102931

          Aug 25, 2021 25:56 AM

          Well, it did it in such a way that it does not necessarily imply a move to fill that December gap. 0 for 2!
          I bought more SILJ instead HL.

    Ann
    Aug 24, 2021 24:43 PM

    doc/Matthew/anyone.. any thoughts on USA?

      Aug 24, 2021 24:46 PM

      USAS is an example of what I was talking to David about above. The lower BB is bending as prices move down slowly.

      Aug 24, 2021 24:47 PM

      Ann, it could very well be at or near a major low but there’s not much that might be considered confidence inspiring about the charts other than possibly the daily and weekly oversold readings and the 8 straight months lower. (Can there be yet another?!) The intraday charts show plenty of weakness and big selling into the little bit of strength it has had lately. That could change quickly but it’s ugly for now.
      Weekly:
      https://stockcharts.com/h-sc/ui?s=USA.TO&p=W&yr=6&mn=0&dy=0&id=p73315785314&a=1015229631

      I don’t own it and probably won’t.

        Ann
        Aug 25, 2021 25:12 AM

        Thanks Matt… USA sure has got beaten up the last few months

    Aug 24, 2021 24:33 PM

    Jeffrey Gundlach: We’re Running Our Economy “Like we’re not interested in maintaining global reserve currency status”

    Julia La Roche – Tue, August 24, 2021

    “Billionaire bond investor Jeffrey Gundlach, the founder and CEO of $137 billion DoubleLine Capital, says his number one conviction over several years is that the U.S. dollar will decline as a consequence of current economic policies, resulting in the U.S. losing its sole reserve currency status.”

    “My number one conviction looking forward a number of years — I’m not talking about the next few months at all, I’m talking about several years — is that the dollar is going to go down,” Gundlach told Yahoo Finance Live in an exclusive interview on Monday afternoon.

    “So the dollar is going down is another reason why ultimately — we touched on gold — I think ultimately gold is going to go a lot higher, but it’s really in hibernation right now,” he added.

    https://www.yahoo.com/finance/news/jeffrey-gundlach-view-on-the-us-dollar-decline-154813067.html

    Ann
    Aug 24, 2021 24:51 PM

    Thanks Doc.. as always.. appreciate you taking the time!!!

    Aug 24, 2021 24:04 PM

    We are running the economy like we want to transfer wealth by transferring the treasury. Or in other words, the agenda is theft of future tax receipts. Reserve Currency means nothing. All the is smoke and mirrors to cover the thefts. The only solution is to reinstate the Law ( under the Constitution) and avoid an autocratic dictatorial government that slams your complaints down your throats and puts your grand kids in cages. Audit the Fed and the Exchange Stabilization Fund.

    Aug 24, 2021 24:51 PM

    SILJ:GDX took back its 2 year MA yesterday and its 1.5 year MA today and a modest 2.5 percent gain tomorrow will put it at its 1 year MA.
    https://stockcharts.com/h-sc/ui?s=SILJ%3AGDX&p=D&yr=1&mn=3&dy=0&id=p54519120760&a=1014251382