Dutch government puts the death knell on their economy … others will likely follow.
While the i-phone crowd is so easily distracted with AI and NVDA being their savior, back at the ranch, economies are being systematically destroyed.
Besides copper, one of the best indicators of robust economic activity is silver (SLV).
Since January, this site has highlighted the potential for a significant, sustained reversal in the precious metals; specifically, gold and silver.
Now, both the charts of GLD, and SLV, have weekly bearish MACD divergences (not shown); having just crossed the zero line with one more trading day to go.
Using a recent weekly bearish divergence as an example, natural gas (UNG), shows us the possibility; UNG is now down – 82%, (at the lows) in just 37-weeks.
Junior Miners GDXJ, Weekly
If gold and silver decline relentlessly from here, the sector most likely to take the biggest hit, is/are the ‘Juniors’, GDXJ.
Once the public figures out en masse, they’ve been fooled into ‘stacking’ instead of securing their food supply, precious metals are likely to accelerate to the downside (not advice, not a recommendation).
“For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.”
Sorry for those who think it’s all a ‘myth‘. I’m with Good Patriot on this one (time stamp 17:09); that we’re in a battle surpassing all that’s come, since 33 AD.
Gold & Silver
Hard assets: Good to have for sure (ammunition, seeds and egg-laying hens may be better) … but if we’re really in a similar event to Genesis 41, that means the corn and grain come first, then gold and silver.
This post started with the S&P down about -0.80% and it’s now down -1.10%, posting a new daily low.
Gold is down slightly, holding steady but that’s already been discussed above.
Remaining short the sector via JDST-22-01 (not advice not a recommendation).
Position size on JDST-22-01, has been increased. More on that in the next report.