By Stewart Thomson / September 08, 2020 / www.321gold.com /
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Stewart Thomson
email: stewart@gracelandupdates.com
email: stewart@gracelandjuniors.com
email:admin@guswinger.com
Sep 8, 2020
To view the US government’s current report card, please click here now. The government saved nothing to prepare for any type of crisis, and the result of that failure is obvious.
Please
click here now. Double-click to enlarge this important weekly gold chart.
As horrifying as the failure-to-save actions of the government are, I’ve argued that most of the Corona crisis debt is factored into the gold price.
A consolidation of the enormous rally could see gold pull back to the key weekly chart high at $1788, or even to the low at $1671.
From there, gold should rise above the $2000 marker in a more permanent way.The US government has no intention of creating a piggy bank to manage any future crisis, but they are not alone:
“
This will not be the last pandemic... but when the next pandemic comes, the world must be ready, more ready than it was this time.” - World Health Organization (WHO) Director-General Ghebreyesus, Sep 7, 2020.
The WHO wants more investment into health, but the unfortunate reality is that the next crisis (health, markets, or war) can’t be predicted very well, so the best preparation for crisis is always a
savings program.Whether it is government, central banks, or health organizations, what they all have in common is a refusal to make saving money a cornerstone of crisis preparation.
This is one of the many reasons why gold will never stop rising against fiat over time.Please
click here now. Double-click to enlarge this US stock market chart.
The 27,500 area is a decent support zone.If it fails, a significant decline is possible, but investors know the government supports what I call
stock market socialism.If the market crashes, the Fed will immediately print vast sums of money and use it to support stock and government bond markets.This, while many senior citizens and unemployed workers are still waiting to get their first Corona relief check!
Please
click here now. Double-click to enlarge.Each recent stock market meltdown has been caused by the government failing at war.
The trade war failed, until the Fed stopped the market from crashing with its printing press.The virus war was also a financial disaster, until the Fed stepped in.
Each bout of money printing that excludes pensioners and the working class widens the wealth gap.The poorer citizens are becoming incredibly angry.
It’s only a matter of time before printing money only to save the stock market and the government creates a civil war... unless a lot of that money starts going to Main Street.If it goes to Main Street, as I’m predicting it will, significant inflation will develop.Money managers will flock to the metals and the miners.
As noted, patience is required.That’s because most of the government’s failure in the Corona crisis is factored into the gold price.Lower prices in the short term are as likely as higher ones.
Please
click here now. Double-click to enlarge this SQQQ chart.The SQQQ is a leveraged bear bet on Nasdaq stocks, and it’s a gargantuan cash cow right now for my
https://guswinger.com subscribers.
The current stock market smash is only a preview of the macabre action that lies ahead.I believe the 2021-2025 period is going to offer the greatest shorting opportunities in the history of the US stock market.
The only winners of the upcoming US election will be more debt and more citizen versus citizen hatred.As the madness continues, the stock market could fall much like it did in 1929.Please
click here now.Double-click to enlarge this SIL chart.A fresh higher high is in play, and I’ll note that the price of silver is unchanged as I write this sentence, while gold is down about $15.
Silver bullion and silver stocks are the strongest sector of the precious metals asset class right now, and if investors don’t have a position, the current market softness offers a solid opportunity to get onboard!
Thanks!
Cheers
st
Sep 8, 2020
Stewart Thomson
Graceland Updates
website: www.gracelandupdates.com
email for questions: stewart@gracelandupdates.com
email to request the free reports: freereports@gracelandupdates.com
Tuesday 8th Sep 2020
Special Offer for 321Gold readers: Send an email to freereports@gracelandupdates.com and I'll send you my free "Golden Intermediates On The Move!" report. I highlight ten key intermediate gold producers that are poised to soar, when $2000 gold becomes a floor! Key buy and sell prices for action are included in the report.
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