2021 began with a choppy ride for the US and EU markets. The Dow and S&P opened with a new life high and later cracked by 2.5-3% from the highs. But later reduced their losses to half.
Gold after hitting a precise $1962.5 targets, crashed for $1902 to fill the gap. The USD index stayed lower at around 89.4 but the bonds yield made massive 10-15% gains on Wednesday. Gold after gaining $50 on Monday and losing $50 on Wednesday, showed significant volatility. These fluctuations are expected to continue as there would be a line up of significant global news from vaccine to new mutations, from stimulus to geopolitical worries.
Prithviraj Kothari of RSBL quoted that currently, there are two worries that would be vexing investors in the precious metals sector in recent weeks.
One is that gold and silver won’t rise much because big banks like JP Morgan will cap it by dumping onto the paper market. The key point to keep in mind is that gold is “real money” and this being so, the idea that a currency like the dollar can collapse towards zero and gold won’t go up because the banks will be selling it on the paper market is both absurd and ridiculous – what would happen is that an untenable massive gap would develop between the price on the paper market and the price on the physical market, and the paper market would become rapidly irrelevant and obsolete, so we don’t have to worry about that. In fact, to the extent that they are actually suppressing the gold price, all they are doing is creating a “pressure cooker” effect that will lead to a massive upside explosion, but you certainly don’t want to wait for that to happen before you take positions across the sector.
The other is that Cryptos are stealing “gold’s thunder” and siphoning off funs that would otherwise go into the precious metals. One reason that Cryptos are going ballistic now is that the NWO (New World Order) plan to use Cryptos as the vehicle to pay the Universal General Allowance (UGI) to the dispossessed serfs who are permitted to live in their new system. In order to qualify for this they will have to be fully compliant with all the dictates of their Masters which will of course include being vaccinated.
The bullion king of India has been reiterating this time and again that there is also a misplaced belief that you are “outside the system” when you buy Cryptos, but you won’t be outside the system if they decide to “pull the plug” on the internet, a possibility raised in this dystopian short film Dark Winter, which they may do because the internet is the only way to find out the truth about what is going on. The NWO are believed to be developing and perfecting their own Cryptos, and when it suits them they will simply outlaw or block all of the others, or make ownership of them punishable by a jail sentence – don’t forget they are above the law and can do anything they like, like the current lockdowns which are illegal. At least with the Precious Metals you can physically own them and they will not disappear if banks close their doors or the internet is taken down.
The yellow metal has been seeing a rise in the price since the year 2011. This hike in gold has been considered as a normal reaction prior to renewed advance. Analysts all around the world as well as from India are concerned with a pattern like this which they believe could remain like this for a long time marking out a Handle to complement the Cup before continuing higher. This however, does not seem like a normal situation as before because the dollar seems to be on the verge of collapse with the Fed set to continue attacking it relentlessly.
We now have a very rare setup for gold which is in position to “go ballistic” as the dollar collapses. The dollar is being intentionally destroyed by the Fed which is creating dollars in vast unprecedented quantities in order to buy up distressed assets on the cheap and in order to pave way for the new “digital dollar”. We are in the last stages of the fiat endgame where money creation goes vertical, quickly leading to becoming worthless, as happened in Venezuela and Zimbabwe.