Gold market price; Is Gold Getting Ready To Breakout
Gold experts love to talk the talk but hardly walk the walk; they have been making proclamations of a gold breakout since the beginning of time. And, sadly a vast majority of them are no longer with us. However, by looking at the Gold Market Price, it’s obvious that these charlatans are full of it. You would think such a fantastic record of failure would silence the remaining Gold bugs or at least make them more cautious, but they continue to throw caution to the wind and willing oblige their silly followers by coming out with drug-induced targets. Bitcoin has already achieved what Gold never could and never will, but they conveniently ignore this major development. It’s a major development for it indicates that the masses have embraced Fiat in low of Gold and it will take a massive financial tsunami before they even consider Gold again.
This is a video of the article titled gold market finally ready to break out? of which a small excerpt is provided below
Throughout 2016, we stated we did not expect much from Gold, and we stuck to this forecast, even though many experts went out of their way to report that Gold was ready to soar to the Moon or even to the next Galaxy. In fact, since 2011, we have continuously said that until the Trend turns positive, it would be best to play other lucrative markets, such as the general equities market, the US dollar, etc. During this time several experts stated that Gold was ready to surge and some issued insane targets ranging from $20,000-$50,000. Under no circumstance can we ever see Gold going to $20,000 or $50,000 and even if drank a whole bottle of scotch or any other toxic compound it would still be very hard to visualise such a target. Issuing such targets is perfect for fear-mongering, and we find that tactic to be unpleasant and distasteful.
Gold Market is still not doing much but what about Bitcoin
The Fed has learned a lot from its previous experiments. The way to win is to control the crowd’s perceptions. To do this, you alter the definition of inflation, and you convince them that a worthless piece of paper is as good as Gold. Both of these objectives have been achieved; it will take inordinate levels of pain to fuel a mass resistance. Good luck on trying to figure out precisely what the masses threshold for abuse is. Bitcoin is fine to play here and there, but it will not replace the dollar or any other currency. Bitcoin is an experiment into conning the masses into embracing digital cash and getting rid of paper currency.
When digital currencies are eventually embraced, the odds are very high that the government with the backing of the Fed will issue their own e-money and blow the competition out of the water. And a cashless society is what the big boys have always salivated over; first, the masses resisted, now they are slowly folding one by one. Market Update, June 12, 2019
Stock Market Suggestions Sept 2019
The most effective way to break away from the 9-5 grind and achieve financial freedom is to stop allowing the media to dictate what you should or should not do. On its best day, the TV set is worse than a sewer. The media wants you to in circles like a hamster on a wheel; only in this case your wheel is much larger and so it creates the illusion of movement and freedom. Like the hamster the masses think the faster they run, the further they will go, but in reality, they are not moving at all.
The most important concept to master when it comes to the markets is that the masses are always on the wrong side of the markets. Mass Psychology can help you get a leg up on the masses.
It takes no effort to panic and that is why there is no reward, but it takes effort to remain calm in the face of panic and that is why the rewards are usually very high.
Overall we expect volatility levels to remain high, so expect swings in both directions ranging from mild to possibly wild and we would not be surprised if many parts of the world experience weather patterns bordering on the insane in the weeks to come. Wild weather is usually followed by insane human behaviour. Hopefully, we are wrong as when it comes to wild weather we are only too happy to be proven wrong as it brings untold pain and misery to many.
On the political frontier, the situation is going to continue trending towards the insane and by 2020, any sane person is going to think that they need some strong medicine to follow what the candidates really have to offer. So far the scene has all the makings of a D rated movie
The only real law that applies when it comes to the financial market is that there is no law. We are dealing with emotions and when emotions run amok, all hell breaks loose, that is why like cattle, the masses always stampede when the markets sell-off and all of them jump in when the bubble is about to pop. Hundreds of years have passed since the Tulip bubble and nothing has changed.
Other Articles of Interest
Stock Market Bull 2019 & Forever QE (June 13)