This week will mostly be about the NEWS cycle as parts of the Biden Laptop documentation make it’s way into the public narrative, as well as probably other documented info as well. HUGE news cycle this week and into next. The Biden scandal is being revealed NOW by design. Even the Democrats want to get rid of Biden, he’s such a dysfunctional embarrassment of a puppet. However, we CAN get more bank failures, especially early in the week. But I do not expect to get the full crack up bust to the whole system quite yet – almost but not quite.
Here’s this week’s video:
Gold and Silver
I am posting this on Sunday, but as of today the price of Silver is holding steady below that critical $24.40 level which is the breakout price for Silver. We can see it bump it’s head up against that level a couple of more times before it finally breaks through and starts to rise by handfuls of dollars per day. Once it does break through that critical glass ceiling it won’t take more than a week or two before we are looking at $35 Silver, and it could actually jump up to $50 in the blink of an eye. Remember that just under $100 is the critical peak before they are able to wrestle it back down under $35 again. It won’t stay down for very long though and will soon break through the $100 ceiling as well. These are going to be EXCITING times!
Gold is also below my forecast $2,000 level, which it did hit already. Things are really very chaotic behind the scenes in finance right now, so we may still get our deeper drop on Gold and Silver before they breakout. However, I can’t be certain and in the scheme of things I think it is better to buy whatever you can now rather than wait and potentially miss these lows and have to buy higher. This is especially true of you do not have as much Gold and especially Silver as you want. The Gold/Silver ratio has dropped to around 80, but this is temporary. When metals start to really take off, Gold will go up first because so many countries are holding it as a value reserve, this is when the Gold Silver ratio will go over 85 again.
Stocks and Bonds are still hovering on a cliff and ready to drop off. No matter what the Bulls are saying we are NOT going to get a further market melt UP in stocks and bonds. Sure, maybe it can still go up a little bit, but overall we are heading for the crack up bust and this will especially effect the stocks and bonds markets. You know all those economic experts out there saying “AI is bringing in a new boom in tech stocks.”? Well, don’t believe them. It already happened, we already got the ‘POP’ in stock prices from the sudden flurry of AI excitement.
Now comes the actual grind. In other words: as fast as AI development is moving, it still needs a LOT of time to fulfill on all it’s ‘potential’ – both good and bad. So, no, we are not heading into an AI fueled bull market. Kids grow up fast, but not that fast.
Here’s this week’s Video:
https://youtu.be/3rJDrd7mCsQ
BTC -It’s the same deal as last week, we have dropped and I am pretty sure the drop is finished now. It can still take a few more days before we start to head upwards. The market peak is incoming. Part of what is bringing the peak to fruition will be the trouble in banks as well as the Government starting to float the Treasuries out there for everyone to purchase. If you are a foreign government (who basically MUST buy US treasuries) don’t do it! It will be as if the US has just gone on a drunken money spree, partying in Ibeza, racking up huge Hotel bills and is now leaving the oversized bill in your lap!
ALTS -Maybe look for some pullback deals right now if you have some cash that is looking for a place to land. But I prefer VeGold or PAXG just because the shiny metal is more stable and has an even greater upside right now than a lot of alts and the RISK is much, much lower. I am hodling on for the altcoin peak, which can take a few weeks to fully complete and hasn’t started yet.
Here’s the BTC Chart:
