After 20 years, the SI Stock Picking contest (of precious metals miners) went kaput, and since then, just 111 days later, gold is up over 31%.
It's April 21st, and in the past 3.75 months, gold has gone from 2609.10 to 3426.30.
Astonishingly amazing contrary signal with timing amplified by the profound and historic kakistrocracy.
Pullback near term, probably? It is way, way over bought... but the blatant corruption and overt criminality and economic destruction to benefit the oligarchy is going to propel this metal way, way higher. And it is barely on anyone's radar yet.
And yes, I also realize that if the 3rd grade cult leader manages to corrupt the Fed, too, gold is likely to spike 500 dollars that very day, and gold getting to 10000 and possibly much higher as the US dollar crashes and ignites high, if not hyperinflation, will be a slam dunk.
The kookaid drinkers expecting to ride this fascist wave of brutality and destruction to their own personal profit will continue to take it in the buttercups, but worse, the future of the country has been permanently compromised for their children, grandchildren, and even themselves even though they don't have a glimmer of comprehension yet.
And like the German people in the aftermath of Hitler, they will not live long enough to reconcile what they have sought, and what they have wrought. |
