Gold, oil & war: The orwell narrative

Kitco Media
By Stewart Thomson
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Gold, oil & war: The orwell narrative teaser image

Apr 7, 2026

1. Are markets as wrong about oil and the war, as this analyst suggests?

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2. Perhaps, but what about… oil and gold?  Sadly, mainstream media has painted a narrative where skyrocketing oil is deemed to be a sell signal for gold because “gold pays no interest” and “the Fed might hike rates by 1/4 point (but likely not) while real inflation is 15%”, so “gold must fall down hard against fiat”.

3. Western analysis of oil, war, and gold is horrifying and arguably despicable.  It looks like something out of a George Orwell novel… but it’s real.

4. For a look at currency market reality.  As rates rise, the debt-funded US government must borrow even more fiat to finance itself.  It also must blame more innocent global citizens for its own financial failure and try to steal what those citizens have. 

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5. Ancient Rome’s government turned into pirates when their debt went out of control, and the same thing is happening to America’s government now.  In a nutshell:

6. Fiat is the money of government ding-a-lings and gold is the money of global citizen kings.

7. What are the best price zones for citizens to get more gold?  For some key insight into this awesome matter.  The $4400 area was a big buy zone for gold.  $4100 was a smaller zone.  

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8. Now, investors may be best served by focusing on time rather than price.  That’s because gold could be in a range trade for the rest of the year and a monthly buy program (or weekly for aggressive players) would be ideal in this situation.

9. Buy programs that involve time can reduce investor obsession with predicting the next move for the price.  That obsession can put the investor on a roller coaster ride, repeatedly gyrating from a state of terror to greed.

10. Getting more gold is vastly more important than predicting the next short-term move but when it comes to price, $5600, $3900, and $3500 are all great zones to buy, on a future drop into those zones. 

11. In the case of $5600, if gold were to rise to about $6500-$7500, that $5600 area would become one of the most important zones to buy… in the entire history of the gold market.  From there, a wild surge to $15,000-$20,000 would be likely. 

12. What would be the catalyst for such incredible price action?

13. A huge inverse H&S pattern is in play, targeting the 7%-8% zone. 

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14. The inflation currently being experienced by the average US citizen is probably in the 8%-15% range.  It’s only a matter of time before the current “potentially rising rates are a sell signal for gold” institutional money manager mantra morphs into this one:

15. “Rising rates show that inflation and the government’s ability to finance itself are both out of control, so it’s time to buy a lot more gold, and keep buying it for the foreseeable future!”

16. Click to enlarge this 40year US inflation/deflation cycle chart.  If the Fed’s new boss Warsh takes away the government’s QE “candy bars”, the government won’t stop going deeper into debt and…

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17. Warsh may not hike rates… but the market will. 

18. The US government refused to announce national emergency spending cuts.  Instead, they launched illegal (and inflationary) tariff taxes.  These de facto pirates are now chanting that they’re ready to steal all the oil from 90 million Iranian citizens. 

19. Even if they got all that oil, it wouldn’t stop them from going even deeper into debt while scapegoating even more innocent citizens around the world for their own financial mismanagement, causing even more central banks and money managers to dump their bonds.  It’s a vicious circle and here’s the bottom line:

20. Gold looks to be headed to $20,000 and rates to 20%. 

21. What about the miners?  A magnificent inverse H&S pattern is taking shape.

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22. The head of the pattern formed at the key $85 support zone and the 14,7,7 series Stochastics oscillator marked the low.

23. A two-day pullback is in play and that puts the price near $92 which could serve as a launchpad for the next leg up. 

24. A larger buy signal basis the key 20,40,10 series MACD indicator also appears to be imminent… so imminent that it could happen today!

Thanks!    

Kitco Media

Stewart Thomson

Stewart Thomson is a retired Merrill Lynch broker. Stewart writes the Graceland Updates daily mon-fri between 4am-7am. They are sent out around 8-9am.Stewart comes from a family of teachers, engineers, and professional athletes. The focus is training investors to use the tactics of the bank owner families consistently. Stewart’s writings are carried by a number of quality websites regularly. His personal contacts include hundreds of substantial business and factory owners across North America and Europe.

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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.