‘Strategy, Tactics & Focus’

Let’s start first, with the dollar.

Going all the way back to December 2020, we had this report.

The Dollar Is Reversal Ready

In the weeks and months that followed, dollar updates proposed that because we’re looking at the longer weekly timeframe, ‘any rally is likely to go farther and last longer than anyone expects.’

So now, here we are.

ZeroHedge just acknowledged the obvious, with this report.

At the time of the original dollar analysis, it was (still is) popular to talk about the ‘imminent dollar collapse’.

That (dollar) post was released in the face of overwhelming opposition to any upside.

All of which, brings us to gold and silver.

Gold’s ‘Changing of Hands’

With the passing days and weeks, it looks like the insight of gold (GLD) changing hands (here and here) is proving correct.

It’s not a popular view and it’s sure not getting any ‘clicks’.

However, as we’ll see below, there’s potential for gold and silver to head to much lower levels if not just temporarily.

Gold (GLD), Weekly Bar

The wedge breakdown with measured move.

It’s clear, the 130 area, is an obvious support level.

The sticky part, previously discussed here, what if somehow, gold heads lower after the measured move?

We may have something that looks like this:

If that happens, think of the confusion that would result.

From an ‘oligarch’ standpoint, it makes perfect sense.

We’ll not elaborate on that in an open (unsecured) forum.

However, let’s just say, we should keep in mind, it’s the corn and grain first, then gold and silver (not advice, not a recommendation).

Silver (SLV) projections are similar; potential targets at SLV 13 -14, then, if lower to single digits, around SLV 9.0 – 9.5

Summary

First it was, ‘The dollar’s going to collapse’, it’s ‘Imminent‘ (years ago).

Then, when that did not work out, it was the ‘Silver short-squeeze’ and we’re going to ‘Put it to the man!

Then, when that did not work out, it was ‘Gold’s going to $3,000/oz. in months, not years!’

Then, when that did not work out, it’s now ‘The Fed’s going to seize all your money.’

Ah ha! … We may have some truth but not in the way that’s obvious.

If the typical middle-class individual is maxed-out with debt, having overpaid for depreciating ‘assets’ such as cars and housing, there really isn’t much left in the banking accounts, right?

Retirement accounts … now, that’s different.

Covered many times (scroll to No. 3) on this site is just how easy it is (will be) to confiscate the IRA.

Stay Tuned

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279