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Gold & Fiat Dependence Day

Commentaries & Views

  1. Should American Independence Day be renamed Fiat Dependence Day? 

  2. The United States is no longer united.  Arguably, the only unifying force that remains amongst races and political parties… is worship of the fiat money voodoo doll.

  3. In 2019 I warned that in 2020-2021, a vicious virus cycle would shock the world. 

  4. In the ghoulish Corona wake, I have suggested that in 2021-2025, an even more ominous "dual war cycle" (both civil and global) could follow.

  5. The ill-preparedness of citizens for germ and physical warfare almost certainly relates to their lackadaisical endorsement of government fiat money. 

  6. A debt mentality allows citizens to engage in "woke joke" debates, flag fights, etc.  The main problem, fiat money, is never addressed, so it gets worse.  The US nation stays relatively intact only so long as the lifeblood fiat being printed and borrowed does not create hyperinflation.

  7. I urge the gold community to consider using national government holidays to embrace their own independence from fiat, debt, and government.  The bottom line:

  8. Not only do gold bugs need to be their own central bank; they may need to be their own nation too!

  9. Double-click to enlarge this horrifying big picture chart of US fiat versus gold.  My suggestion is to view it regularly.

  10. Double-click to enlarge this Nasdaq stock market signals chart.

  11. It is very important to systematically buy core positions (in any major asset class) during significant price weakness and sell some of them into significant strength. I bought core positions in the US stock market in 2008, 2011, and in 2020. 

  12. Significant stock market strength is here now.  My chosen path is to gradually sell about 35% of my stock market holdings in July and August, and then move the proceeds into crypto and gold (private money).

  13. Double-click to enlarge this fabulous space ETF chart.  I plan to focus on the space industry with a third of my remaining stock market holdings and trade the short-term moving average signals on the Nasdaq "Q's" with the rest. 

  14. The colonization of the Moon and Mars, and the monetization of space itself, will likely be done with private money (gold and crypto).  It will happen much faster than most investors realize. 

  15. I will talk more about both the space industry and gold-oriented space money soon.  

  16. Gold looks fabulous this morning, and the breakout over $1800 that I have urged investors to cheer for… is here!

  17. Gold looks good and the miners look better.  It's only a matter of time before gold and silver stocks begin to trade more like oil stocks

  18. Meaning, when there is a swoon in the bullion price, the miners can keep rising so long as they remain cash cows.

  19. Double-click to enlarge this daily GOAU chart.  I'm not overly concerned about the sell signal on the key 20,50 moving averages.  Here's why:

  20. The sell signal comes during the formation of a right shoulder of an inverse H&S pattern.  Also, moving averages are not lead indicators.  They lag. 

  21. Note the buy signal on the 14,7,7 Stochastics series.  That's a lead indicator and it looks great!

  22. From a fundamental perspective, what would produce a surge in GOAU over the neckline of the H&S patten?

  23. One answer is almost certainly the return of Indian demand, which is likely in August.

  24. Another would involve the US inflation that money managers thought wouldn't happen and is now viewed as "transitory".  Some analysts are concerned that the inflation is here to stay.  If that concern spreads, gold stocks will surge!
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.