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Gold & July
July has been our target for a temporary high in gold. Nonetheless, we are approaching the start of this Monetary Crisis Cycle and the US elections are creating global chaos. The stark difference in the direction of not only the US economy but that of the world lies in the balance. There have been secret agreements made between Nancy Pelosi on behalf of the democrats that if they state governors keep the people locked down and unemployed, they will vote for Socialism and the Democrats will bailout all the state pension funds and budgets that are collapsing. This is a very high stakes game - all in!.
Europe has agreed with the US Democrats to keep travel cut off to help them overthrow Trump. But there too, they are risking everything for the consequence is bankrupting the southern European members who have relied on tourism which has been crushed.
Meanwhile, in Australia, they are still claiming that a slight rise in cases will overwhelm hospitals so people must remain locked down. In Florida, the fraud going on in the medical industry is off the charts. Not only where their testing centers claiming every test was positive collecting mountains of cash from the Feds, but they have been caught listing a person killed in a motorcycle accident as death from COVID.
The sheer magnitude of this organized fraud to keep people locked down to create this be Socialist Green World is beyond imagination. They have achieved even shutting down coal plants in Britain by locking people down and cutting off manufacture. These people really believe that they can destroy the world economy and reconstruct it GREEN to create the Promised Land.
Our models have shown that in Gold, volatility will now rise beginning in July and remain higher than normal going into May of 2021. ONLY EXCEEDINGthe July high would imply a cycle inversion where gold rises because the fake polls are putting Biden 10 points higher and we now have the Democrats claiming that any debate is pointless because Trump is finished. Nice excuse, because they know Biden could never debate Trump. This is like the election of Bush Jr when I was asked to be the chief economic adviser in the White House BECAUSE they needed to surround him with competent people i.e. defacto President Dick Cheney. The same thing is taking place with Biden. There is NO WAY he is qualified to be president due to his medical condition, so this is the grand finally of the dying Pelosi generation to seize ultimate control and convert the United States into a Socialist Wonderland.
To create a Cycle Inversion where gold rallies into the election, we need July to close above 1926 and for August to make new highs. Otherwise, we pull back, consolidate, and get ready for the rally with the Monetary Crisis Cycle.
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