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This compilation of financial insights includes videos from Arcadia Economics, Bix Weir, and Wall Street Silver.
Vince Lanci on Arcadia Economics, discusses the recent fluctuations in the market. After experiencing a rally followed by a selloff, gold, silver, and the mining industry are once again on the rise. In today’s episode, Vince delves into the reasons behind this resurgence. Over the past two days, the price of gold has increased by $60, while silver has seen a rise of over a dollar. Vince analyzes these movements, examines the bond market, and provides insights into the latest market news that is influencing these developments.
Rafi Farber on Arcadia Economics has pointed out that silver is approaching $29 and is beginning to outpace gold, indicating a potential break of the 5-year-old triple top at $30. Drawing a parallel to the 1970s, the final test of the triple top at $6.50 took place in late October 1978, with the breakthrough occurring in late January 1979, showing a three-month gap between the two events. Silver’s last test at $30 was on April 12, suggesting that the final breakthrough could happen around July, although the exact timing is uncertain in chart analysis and the break might occur sooner. Despite the uncertainty, silver stackers seem unfazed by the potential delay. On another note, the Japanese Yen is weakening not only against the dollar but also against other Asian currencies, raising concerns about competitive devaluations amidst rising consumer prices. This development may not be well-received in the fiat currency realm, but it is something to anticipate.
Bix Weir suggests that imposing a 100% tariff on Chinese Imports is an unfavorable approach to antagonize our primary supplier of goods in the USA. The question arises as to why President Biden is pursuing this course of action. Perhaps he intends to undermine the existing system intentionally!
Larry MacDonald, the founder of the Bear Traps Report and renowned author of the highly acclaimed book “When Markets Speak,” graces us with his presence on Wall Street Silver today. In this captivating episode, Larry imparts his profound wisdom regarding the anticipated significant fluctuations in the prices of gold and silver by the conclusion of 2024. He delves into the profound influence of central bank actions on the precious metals market, foretells substantial movements within the sector contingent upon economic changes, and delves into the intricate relationship between global events and commodity investments.
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Arcadia Economics
Premiered May 10, 2024
We had the rally, and we had the selloff.
But now gold, silver, and the miners are rallying again, and in today’s show, Vince explains why.
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The gold price is $60 higher over the past 2 days, while silver has risen over a dollar. So Vince takes a look at the moves, what’s happening in the bond market, and also the latest market news that’s factoring in as well.
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Arcadia Economics
Premiered May 10, 2024
With silver nearing $29 and starting to pull ahead of gold finally, a break of the 5-year-old triple top at $30 looks imminent. Back in the 1970s, the final test of the triple top at $6.50 occurred in the last week of October 1978, and the breakthrough occurred in the last week of January 1979. That’s a three month buffer between the final test and the breakthrough.
Silver last tested $30 on April 12, which puts our target of the final breakthrough somewhere around July, though nothing in chartistry is exact, and the break could still happen earlier. What’s another month or two between silver stackers?
Meanwhile, the Japanese Yen is falling not just against the dollar but against every Asian currency as well, triggering fears of competitive devaluations during a time of increasing consumer prices. That should go over well in the fiat world. We’re looking forward to it.
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RoadtoRoota
May 10, 2024
It’s hard to think of a better way to piss our largest supplier of goods in the USA than charging a 100% tariff on Chinese Imports!! So WHY is Biden doing it?…MAYBE HE DOES WANT TO DESTROY THE SYSTEM!!
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Wall Street Silver
Premiered May 10, 2024
Joining us today is Larry MacDonald, founder of the Bear Traps Report and author of the best-selling book “When Markets Speak.” In this episode, Larry shares his insights on the potential dramatic changes in the prices of gold and silver by the end of 2024. He discusses the impact of central bank actions on the precious metals market, predicts major moves in the sector depending on economic shifts, and explores how global events could affect commodity investments.
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