Armstrong attributes the rise of gold, the dollar, and stocks simultaneously to capital flight into the U.S. due to geopolitical conflicts and instability.
BIS refuses to explain its activities in the gold market, nor for whom the bank is acting. The BIS has almost certainly acted on behalf of central banks, as they are the BIS’ owners.
The labor market refuses to cooperate with the fantasies of stock and bond investors. Bond market destruction, defaults, and crashing banks will take us deep into this recession.
Gold’s dominant trends all remain up: that includes the key 21-day linear regression trend, and both the year-over-year regression trend and the parabolic Long trend, now a healthy eight weeks in duration and accelerating upward.
Some people think we could easily balance the U.S. budget by (insert simplistic idea here). Some problems, like the National Debt, are so big we can’t even understand them, much less solve them.
PM sector investors have just been royally played – first they are encouraged to pile in on gold’s breakout to new highs, which occurred when it was already very overbought, and now they are being pressured into barfing their holdings before the sector turns around and then goes on to break out for real.