Sir Armstrong... gold, Dow, European revolution, Euro
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Gold for the Close of the 1st Quarter
London 400-Ounce Bars
Gold has been rallying not because of the dollar and the same old scenarios that the Fed will expand its balance sheet again and this will be hyperinflation. They keep saying the same thing over and over again like a broken record and hope to sell their nonsense to a fresh new crop of unsuspecting people with sophistry.
In case you have not noticed, both Europe and Russia now have shut down gold sales to individuals. This is the prelude to the elimination of paper money which has been the end-game here for the ECB which has now power remaining with interest rates at negative since 2014 with no success. The while swings in gold are being caused by the problem that COMEX gold is based on 100-ounce bars for delivery whereas the London gold market is 400-ounce bars. The premiums spreads in the cash markets have expanded because of this difference and there is a shift where Europeans are looking at buying in the USA for fear of what is coming in Europe, which many fear will be even confiscation. Bars coming from London have to be transported in a time when transportation is a problem and then the bars must be smelted down and recast for the US market.
This is clearly a coup by the left instigated out of Europe to save the European project. The Euro cannot last if Italy pulls out. The North will not agree to consolidate the debts so we are looking at the ass-backward solution of Coronbonds which will circumvent the treaty limitations on member state debts because these will be federal with handouts to the states. The Netherlands may be the staunchest opponent for they contribute to the EU and receive nothing back by regulations.
There is a serious disruption taking place because of the machinations taking place in Europe behind the curtain. We need a closing today above 1617 to keep gold in a neutral to bullish posture. A closing below that level will warn gold is still not breaking out just yet.
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DOW for the Close of 1st Quarter
The Dow still has important technical resistance forming in the 22900 level. As long as the Dow closes below this area, we should still see a further decline into the 2nd quarter before we see a bottom to reverse for the 2nd half of 2020 back t6o the upside. We still see the key underlying support in the 17700 level down to 17200 with the rise of declining further into the mid 15000 level before the bottom is confirmed.
We have so many confirmations at this point that we are witnessing a political coup to deliberately destroy the economy to (1) defeat Trump in the USA, and (2) to federalize Europe.
Millions of people have been seriously harmed by this coup who are the average people on the street. In many lessor economies, they will have lost their jobs permanently. The world stock exchanges have crashed and many countries are shutting down the economy without justification imposing bans on going out under threat of fines and arrest. Unemployment claims in the United States have exploded and many small businesses that have lost ground to online sales will simply use this as the excuse to call it quits.
There are many rising voices screaming about the coronavirus that point out how absurd and hysterical this has become. The measures are overly drastic and doctors are reporting to us that the tests have a 5% false-positive result. This does not even compare with the more serious virus with the influenza flu. We have reports from qualified toxicologists and immunologists who see the current corona crisis as artificially created. This is clearly a political coup by the left to seize power. They may not have realized how much damage they would cause, but they will now seek to cover-up their actions. We have DIRECT sources confirming calls were made and key people were just told to sell everything because of this virus back in January.
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2020 European Revolution
Our report back in 2016 that the target for the next European Revolution was 2020. The revolutions of 1848 were essentially a democratic movement and an uprising against the political elite. In 1848, Karl Marx published “The Communist Manifesto” with Friedrich Engels, and was exiled to London as a result. In London, where he lived the remainder of his life, he wrote the first volume of “Das Kapital”. This undoubtedly influenced the revolutions that opened the door to communism/socialism. This also inspired the collapse of the old feudal structures and created independent national states. The revolutionary wave began in France in February 1848 when the French monarchy was overthrown. Communism actually began in France as a “commune” where people lived in one shared community with no individual property rights. It was the French who convinced Marx that communism would work better than just socialism, which he had advocated initially.
This 1848 revolution spread like a contagion, similar to what the American Revolution had done during the previous century. The contagion of 1848 spread to most of Europe and parts of Latin America. In total, it impacted over 50 countries. This was by no means coordination or cooperation between various revolutionary trends around Europe.
We have HIGHLY reliable sources that are placing this target on our Revolution Model and the War Cycle for Civil Unrest which was both converging here in 2020. It appears that this revolution is not coming from the street level, but from the elites on the left within Europe who are indeed conspiring with the left in the United States and Canada. There is no evidence that this virus was a biological weapon. That does not rule out that it was manufactured to create a crisis. Its mortality rate is so low it is obviously not a threat to world health. The flu kills 10x the number at the very least.
What we are looking at here is I have DEFINITIVE proof that some at the very top of the political elite structure in Europe sold all stocks and bonds in January. I even know who tipped them off. I will not reveal that name, but it is very high up. This has been an orchestrated political coup to greatly exaggerate this virus for political gains.
The proposal to issue Eurobonds requires the first step toward the end-goal of the federalization of Europe. Because the bonds will be issued by the EU itself, the debt will not be attributed to the member states so they will not be out of line with the accord. They must surrender sovereignty to get this handout. The end-goal will be to make this permanent while being pitched as a one-off. The ECB will stand back and allow them to be sold at the market rate so we will get to see the real interest rate unless they switch and direct the ECB to just create money.
The difference between the Fed & the ECB is significant. The Fed cannot create physical money out of thin air as purported. They must buy federal bonds to back the currency. The ECB had no federal bonds so its power is to create euros with any corresponding debt issue.
The ECB is moving the governments to eliminate the paper currency. Europe is moving to ban cash soon. The German government plans the introduction of Euro-Tokens based on blockchain technology. The digital minister Dorothea Baer in Germany pushing this technology designed to force all money into electronic form for two reasons. First, they believe it will prevent bank runs as the European banking system totter on the edge of a cliff which is what the entire Repo Crisis has been about. Secondly, they are convinced that by restricting gold and eliminating paper money, then, at last, they will be able to collect all the taxes they ever dreamed of.
Perhaps they have used the Economic Confidence Model this time to get the maximum bang-for-their euros. I have always been concerned that while you cannot beat the cycle, you can perhaps accelerate its amplitude. The elite sold out their stocks and bonds +- 2 days around the ECM. They were clearly intent upon creating this financial crisis to eliminate paper money and to federalize Europe.
They have acted precisely on the Revolution Cycle but that does not imply they will win.
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BlogEURO for the Close of 1st Quarter
The Euro is poised to still push higher if it closes today above the 10907 level. There is a major push to cancel the currency and since this virus is already being questioned by so many experts from the field, their grand plan to eliminate the paper currency may have to be taken on an urgent basis. We still see the 2nd quarter as the turning point for the Euro. The losses inflicted on institutions have them in a crisis model of raising cash and have been selling assets taking the funds home to cover the books for the end of the quarter.
So far there is no indication of any long-term reversal of trend. We would need a Quarterly Close above the 13900 level to suggest that. Technical support remains at the 10600 area and resistance at the 11400 level followed by 11800 area. |
