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Gold stock diamonds: everyone's best friend

Commentaries & Views

  1. Relentless rate hikes and QT mean that the destruction of the US stock, bond, and real estate markets is essentially assured.  Interestingly, the big question is not whether these markets will crash or not. 

  2. The question is, where does all the fiat money go as it comes out of the crashing markets?

  3. The answer is of course: gold, silver, crypto, and the miners!

  4. I'm adamant that all central banks need to be shut down, but in lieu of that happening, I've called for an immediate full point hike (and more) from the US central bank, and more full point hikes at each meeting for the rest of the year.

  5. It's good to see Fed man Jim Bullard get with the "sanity program".  He's wisely making the case for rate hike front loading.

  6. Although he doesn't say it out loud, I believe Jim favours an interim full point hike now, rather than waiting for the March meeting. 

  7. The tiny quarter point hikes bandied about by economists, investors, and many Fed governors are nothing more than a vile attempt to keep the ill-gotten gains of lazy stock, bond, and real estate investors from disappearing, while deliberately ruining the already-mangled purchasing power of Main Street.

  8. Double-click to enlarge my long-term Dow buy and sell signals chart.  As the rate hikes begin, and continue relentlessly, stocks, bonds, and real estate will collapse and more smart money will bail.

  9. They will allocate some funds to crypto, but more to gold, silver, and the miners.

  10. Terrified amateur "price chasers" invested in stocks, bonds, and real estate will sell later, and at very large losses.  With what little capital they have left, they will try to get in on the gold and silver price action, likely at a gold price of about $2500-$3000.

  11. Double-click to enlarge this enticing bitcoin versus US fiat chart.  Gold will always be the ultimate asset, but crypto is exciting. 

  12. A surge to $52,000 for bitcoin looks imminent for bitcoin.

  13. For gold bugs who are ready to add some crypto to their portfolios, I publish my Crypto Palace newsletter about four times a week.  At $499/year, it's great value and essential reading.  I have a special half-price offer of $249/year this week.  Send me an Email if you want to get a toe in the crypto waters, at half the regular subscription price.  Thanks!

  14. As noted, gold is the world's ultimate asset.  As America continues to look more like Sodom and the EU like Gomorrah, Eastern nations like Poland are embracing the greatness of gold.

  15. It's obvious that US government war mongering has gone awry again, and citizens of the Ukraine will be wary of future statements and actions coming from the leaders of the failed American fiat empire.

  16. Russian armed forces hold training drills on their own border with the Ukraine.  These are called normal by the president of the Ukraine, yet American and EU madmen shout hysterical nonsense about an "invasion". 

  17. Horrifically, millions of US citizens believe 100% of the ridiculous propaganda coming from their supposed leaders.

  18. Double-click to enlarge.  While the fade in war mongering from American and EU "Gmen" will likely see gold drift a bit lower now…

  19. The big story is government debt and inflation in the West, and maniacal obsession with gold as the ultimate money and asset in the East.

  20. Gold looks fabulous.  A "steady as she goes" move to $2089 is in play… but what about silver?

  21. Double-click to enlarge this weekly silver chart.  Silver has been in a long consolidation since the summer of 2020, and it likely gets its "upside mojo" when gold closes above $2089.

  22. Stock market investors should stop buying dips in their ludicrously overvalued tech stocks.  They should sell those and start buying dips in silver bullion and the miners.

  23. Double-click to enlarge this GDX chart.  There's a rare but very solid diamond pattern in play, and the launchpad is a weekly close over $35.

  24. It's said that diamonds are a girl's best friend, but perhaps in this era of political correctness (or is it the era for gold?) they are good for all the boys too!
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.