- While gold feels solid and good news is appearing, silver and bitcoin continue to be the private money world’s brightest lights.
- Please click here now: ..click to enlarge this short-term gold chart. If gold trades above $1875, the rally will gain more momentum.
- There is also a small inverse H&S bottom pattern on the chart, which is positive.
- Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2021/02/2021feb2bigleagues1.png A significant import duty cut was announced for both gold and silver in India yesterday.
- That should put a major floor under the gold price and open the door to a test of the $2089 high.
- There is more good news for gold investors. To view it, please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2021/02/2021feb2goldplaza1.png The Chinese government wants the yuan higher and the dollar lower. US president Biden seems to want that too.
- Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2021/02/2021feb2gold2.png Double-click to enlarge. The big picture for gold investors is all about buying into $1767 and selling into $2089.
- A buy signal for my key weekly chart 5,15 moving average series would be positive, as would a fresh 14,5,5 Stochastics series buy signal.
- Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2021/02/2021feb2better1.png Double-click to enlarge this spectacular bitcoin chart.
- Sadly, most US citizens appear to be “election bugs” more than private money metal or bitcoin bugs. They wasted a lot of time fighting over which fiat-oriented president should be elected, rather than buying bitcoin (and silver) at the key price zones I highlighted for them.
- The simple fact is that at a price of $35,000, bitcoin is 35 thousand times better than the dollar!
- I suggest investors think hard about that fact. It’s a great way to look at the bitcoin private money light, as it shines brightly for savvy investors.
- My crypto focus is now more on the skyrocketing alt coins. Investors who are interested in this incredible asset class can take immediate wealth building action with my https://gublockchain.com newsletter.
- Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2021/02/2021feb2silver1.png Double-click to enlarge this “bright silver lights” chart.
- While traders had to be sellers yesterday, investors with no silver, and who failed to buy at my latest key buy zone of gold $1788…
- They need to get some silver on the table right now. Silver is a major asset. It is one of the big three private currencies, along with gold and bitcoin.
- A move through $30 could see silver shoot to $40, and perhaps to $50!
- Investors who want to participate in short-term trading could check out my https://guswinger.com newsletter, where we just booked large profits on the leveraged silver AGQ-NYSE ETF.
- What about the gold stocks? Well, please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2021/02/2021feb2goau.png Double-click to enlarge this weekly GOAU chart. The $18 area is an enormous support zone and the 14,5,5 Stochastics oscillator is significantly oversold.
- A move above the 20 line for Stochastics on a crossover buy signal would probably be accompanied by an upside breakout over the downtrend line.
- More “bump and grind” in the current price zone is likely, but investors with a long-term horizon should be accumulating GOAU and some of the component stocks right now.
- The “Reddit Revolution” is likely going to feature back and forth action; the shorting funds and their US regulator enablers will strike back. Tuesdays seem to be a day when the metals temporarily meet their shorting fund maker, so to speak.
- Many of these funds have deep pockets. They have significant credit lines with major banks. The bottom line: No revolution of size is bloodless, and gold and silver bugs should expect to bleed on the battlefield!
- Regardless, investors should stay focused on government debt, potential inflation, and the rising gold-oriented empires of China and India. The shorting funds are obvious bullies. Having said that, the price dips created by their vile actions are great opportunities to buy positions, join the Reddit revolution, be a part of history, and… build significant wealth!