The video at this link (until it gets removed) is only 3:37 minutes long … but it explains everything.
It’s a well orchestrated script.
How else would every single major corporation have exactly the same advertisements?
Exactly the same; Literally, word-for-word.
So, bitcoin to replace gold? … it’s not even necessary to waste time with an answer. The deeper question is, what’s really going on with gold?
Gold is part of the script as well:
Gold is subdividing lower at this juncture.
One target level from this update puts it around the $1,300-area. By that time and if it gets there, the objective is met.
There will be few-to-none of the original bulls left to buy in … their money gone; used to pay bills, buy food or worse … bitcoin … right in time for a major solar flare to knock out the entire electronic grid.
Listen to the “Report” and how the big names are bandied about. They have the big bucks … you don’t. So, listen to them. They are the elite.
No, they are part of (and always have been) the coordinated effort to subjugate the masses.
It’s just now, there are enough ‘asleep’ with huge numbers of the population flu-shotted, vaccinated, fluoridated, medicated into complete stupidity; or just too afraid of the truth.
It’s not necessary to hide the message. What are you going to do … “elect” someone to change it? Got that one covered.
If you have read this far … yours is a different story. Welcome to reality.
One part of that reality is the markets are a wealth-transfer process which is now in overdrive.
Looking at the daily newsfeeds, it’s obvious (or should be) to the old-timers, the lies and miss-direction have gone to a whole new level.
Wyckoff’s admonition about listening to the news is more true now than a century ago.
Ignoring those news-feeds and focusing on price action, the initial analysis of gold and the miners from late October, was spot on.
The beginning trade in this series was a short position (via JDST) entered on Friday November 6th, when gold was at intermediate highs.
That short was held over a tense weekend.
Going against hundreds of thousands if not millions (on the other side of the trade) is difficult indeed.
Robert Prechter in his writings has detailed how hard it is to override the limbic (herd) system of the brain and operate separate from the crowd; nearly impossible.
By late Sunday – early Monday, gold futures (GCZ20) had collapsed.
The trade was closed out on November 9th, with a solid 13.22% gain.
Recognizing that JDST had more downward bias error than DUST, the next short position was initiated on the senior index (not advice, not a recommendation).
The gold bulls are trapped and the market is eroding away.
The weekly chart of GLD (farther down), shows this past week was the opportunity for GLD to move higher.
It didn’t happen.
Some of the YouTube sites that are monitored, have caught on something’s very wrong with the bullish picture.
However, there are literally millions positioned (or at least thinking) on one side of the trade. Without neural plasticity to switch gears and re-position, at low risk no less, the pain is likely to be severe.
The same goes for the overall market.
Steven Van Metre, in his Friday update stated, ‘retail investors are all-in at the highest level in market history’.
Yet he says, the market did not move significantly higher. That’s the clue. It’s likely we’ve seen the highs.
There’s more middle class destruction on the way with shutdowns and restrictions; all under the guise of the speck.
If the speck is so bad, where are the bodies?
Take a trip to your local graveyard … you’ll probably find the caretaker asleep on his back-hoe … waiting like the Maytag repairman.
There are no bodies except for the odd duffer that died while on a ventilator … ah yes, the ventilator, that topic is for another time.
Those flexible enough, the entrepreneurs, picked up on this scenario long ago and have responded accordingly.
The only way out is self-employment; separate from the crowd. Even that’s no guarantee but at least it provides some time and flexibility.
Getting back to the markets, we see the S&P and Dow at their highs (possibly topping-out) while gold and the miners have already rolled over.
Senior miner index GDX, has now posted an outside down (key reversal) on the monthly chart.
We have one more trading week to go (plus one day), but it’s likely the key reversal will stick.
As always, even with the lower action just passed, upward movement next week (if any) could happen but it’s likely to be halting and laborious.
If the overall markets head lower, the uneducated public once again and by their own actions, have set the stage for their financial destruction.
Only this time, it’s over. There will be no recovery.
As the downturn sets in and jobs continue to disappear, the calls to ‘make it stop’ will become ever so shrill.
The masses will be desperate enough to line up for government assistance and allow (even beg for) the catch … be injected first; No matter who is in office.
There’s a reason, professional, seasoned hard as nails (even profane) market traders are quoting Biblical scripture.