Yes, you heard that right – good things are coming. It doesn’t matter that a recession is on it’s way. It doesn’t matter that the housing market is falling or cars or inflation, blah, blah, blah. The good things are on their way to you. And I’m not just talking Christmas fairy tails. I am talking real major gains in both crypto and from some unexpected sources in the next year. 2024 is going to bring massive changes in literally everything and there will be a LOT of blessings hiding inside these changes.
Here’s this week’s video: Good Things are Coming
Gold and Silver – Gold and Silver are both down today. Gold is below $2,000 which is a major psychological level and will bring a lot of pessimism to most investors. Don’t let it get to you. These lower moves are definitely going to be continuing, but don’t let it get you down. We have to go through it before we rocket upwards. Silver is also down and this is all more of the same old tired game being played. I know we are sick of it, but it will not go on like this forever. The good news is still in the Gold-Silver ratio story, which is at 86.57 today showing more of a gradual move in the direction we are waiting for. The peak of Gold to Silver ratio prices has to happen before everything starts to break apart and Precious Metals make their real upward moves. You ain’t seen nothin yet!
GOLD SILVER RATIO – I have been telling you for months that we would see over 100 to 1 on the Gold Silver ratio. We are heading in that direction now because Silver dropped a lot faster than Gold today and the ratio is up over 86 to 1. As I’ve said before, once we cross that 90 to 1 threshold I will trade my own Gold in for Silver and get over 90 oz of Silver for that 1 oz of Gold. I am not going to be greedy and wait for 100-1 even though I do expect it to happen. It’s also possible that as I am heading over to the coin shop at the 90 – 1 ratio it can continue to drop and I can catch it closer to 100. Either way I will be very happy with the exchange.
People who expect to always hit the tops and bottoms of every price swing always wind up getting themselves slaughtered. It’s a good idea to remember the age old trading wisdom: Bulls make money, Bears make money but Pigs get slaughtered. This means that those who have a strategy to make money on the way UP profit. those who have a strategy to make money on the way DOWN also profit but those who are looking for the MOST EXTREME edges of both directions wind up losing big.
BTC – Well, we did start the pullback that I’ve been expecting all month. You can see the main expected level on the chart below. We have about 2 days more for this drop which I expect will be completed around the 13th. The first level is around $37,600. If we drop below that it will have to be very fast. You can see the next levels on the chart below and we can definitely get $35,300 but not much lower than that because of how fast we are likely to turn around. I still expect to see higher prices by the end of December and all pauses on BTC upward movement will ultimately allow more money to bleed into Alts.
ALTS – Yes, alts do go down when BTC does, but when BTC pauses the Alts grow, and grow and grow. Again, I will be looking to buy something tomorrow or on the 13th as this pullback completes. I do not expect us to stay down very long and we can turn around and start to go up again by the 14th or 15th.
BTC Chart:
