Palisades Gold Radio
Nov 10, 2021
Tom welcomes Michael Oliver back from Momentum Structural Analysis. Michael believes the movement in gold last week was just the start of another bull run. Silver is in a similar pattern to gold but needs to reach $ 25.37 on a weekly close to trigger a move higher.
The thirty-year treasuries are the most illiquid and are behaving like gold. These bonds are also the least influenced by the Feds’ actions. There seems to be some money moving to safer assets. Eventually silver will outperform gold.
Michael feels we are in a topping pattern for the markets. He details some specific targets on the downside which if reached would break long-term structures. The markets can’t afford a drop beyond a few percent. These momentum structures are likely to be resolved next year. He questions what central banks will do the next time debt structures begin to break down. They are caught in a historic dilemma.
We are heading toward a 1970s style stagflation but this time there won’t be a way out. At the end of the next crisis, we will have to start over. Hopefully, we end up with a new period of stable currencies with a new gold backing. This will be a traumatic period but also one of healing.
He particularly likes natural gas and suggests that it can go as high as nine dollars this winter. These high prices will affect everything that industry produces including fertilizer production. Live cattle prices are just now breaking upwards and this is going to impact meat prices.
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we’ll forward your request to the author.
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2022 Dinar Chronicles