The Birth of a Breakout
Gold just made it through its first stress test: Putin shared with the world that the Russian army was only training near the border (yeah, right). The threat level has significantly diminished, and gold only dropped $20/ounce and is on its way back up.
I like that a lot since means gold is rising not due to geopolitical drama but because of currency debasement fears.
When the central bank is tightening, the fear is that deflation will come and choke the economy, so the markets begin to price debasement or easing.
Gold has risen in price in each of the SIX RATE HIKE cycles of the past 51 years, and it will again.
This past Sunday, I said gold will hit $1,900/oz this week and received plenty of pushback.
My instincts were dead-on and gold’s next move will be dependent upon silver climbing decisively above $25/ounce.
We need to see silver joining this rally or it will all be vain.
Wall Street will now try anything under the sun to keep prices from surging, but to no avail; the Genie is out of the bottle.
We won! Not even one month ago, I showed you how gold performs in periods of high inflation and showed that when M2 Money Supply increases by this much, coupled by 6%+ CPI numbers and a tightening cycle, then gold gains in 100% of the historical cases.
This morning, gold popped!
I think that $1,902/ounce that it just reached will serve as a new support and that $1,950 is now the resistance.
Next, we want to see silver go above $25/ounce — this is CRITICAL!
The mining stocks are about to take off in a manner that you won’t even BELIEVE!
This can absolutely become the best TRADING YEAR in Wealth Research Group’s history!
Buckle up and let’s TAKE-OFF!
Protect Yourself Now, By Building A Fully-Hedged Financial Fortress!
Governments Have Amassed ungodly Debt Piles and Have Promised Retirees Unreasonable Amounts of Entitlements, Not In Line with Income Tax Collections. The House of Cards Is Set To Be Worse than 2008! Rising Interest Rates Can Topple The Fiat Monetary Structure, Leaving Investors with Less Than Half of Their Equity Intact!
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