The ultimate last argument you'll ever need against #BTC and #crypto. They've all been finessed...... Tricked off of #REAL#Money#PhysicalAssets all because of "number go up" syndrome. Exactly why every advertisement says it's "like #Gold" 🤣
🚨AFRICA'S GOLD BANK GOES LIVE, CUTS OUT THE US DOLLAR⚠️
⚡️"Africa just made a quiet but seismic move. Central banks are building their own gold bank & a continent-wide payment system that DELIBERATELY BYPASSES THE US DOLLAR WHILE OPENING A DIRECT GOLD CORRIDOR STRAIGHT TO CHINA.
The masses still have no idea this is happening."
Gold (blue, RS) v. inverted US real rates (TIP ETF, red, LS).
There's nothing more bullish for gold than rising real rates in a nation that is...
-in fiscal dominance;
-with debt/GDP >120% & deficit/GDP at 6% (& moving higher);
...b/c rising reals accelerates a debt spiral.
Gold is almost at $4,400, while the US 30-year yield is rising to 5.25%.
Gold has no cash flow, so rising rates are bad for gold. Except when the Fed is losing control of long-term rates. Then it is extremely bullish for gold.
Copper miners now on the brink of a significant breakout as the underlying metal continues to establish itself at historical levels.
This is what happens when rising structural demand meets highly constrained supply.
Very compelling setup.
https://t.co/dZ3nDsmGkI
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Silver is now down at one of the possible very big picture backtest support levels on the monthly time frame (see previous post).
And, below silver is at a very interesting possible monthly support level using fib retracement levels. We have some movement in the sector now also.
🔥"YOU CANT BE A GOLD PERSON AND NOT READ THAT REPORT!" -Vince Lanci
"If China buys alot BEFORE the market rallies, & China buys very little when the market is rallying- & CHINA IS BUYING ALOT AGAIN - what does that tell you⁉️ "https://t.co/S0YS2Z39iB
Silver ETF holdings were down nearly 53% just a few days ago.
That marked the largest drawdown in both percentage and nominal terms on record.
The last time we saw outflows of a similar magnitude was around the March 2020 low and again near the 2022 bottom.
Market bottoms are a process, not a single event, and this continues to look like one.
https://t.co/dfrFdnEtS0
@astinvests@NoLimitGains They just ground early from Japan, was getting hurt by the big 3 encroaching on their foreign territories like Europe and India, then yes, China came in with the knockout blow.
@BankerWeimar Screenshot what X is trying to force you to do to register if you get a chance. Facebook is trying to force me to identify now too and ask I do is message the same 5 or 6 people randomly throughout the week 🙃
Do not falter on your #silver conviction.
-6 years of deficit
-Chinese silver premium
-Steady #Comex withdrawals for 6 months
-Lowest Comex open interest in decades
-Solar panel demand skyrocketing
-New solid state silver batteries
-Silver is a critical mineral
The government has indicated critical mineral price floors to be indicated by July 13th.
Conveniently close to the July 4th gold revaluation/bonds.
Do not get shaken out over the next few weeks. They could send silver into despair, but it could be to force majeure as cheaply as possible before it moons.