Another thing that people like to look at and it's a bit of a false
leader, totally false.
If the dollar strong that hurts gold dollars week, that helps gold as
an alternative to the stock market.
I think that's what they are.
Now, let's sometimes they've been in sync.
They've been periods of time with the stock markets.
Gone up the inflationary pressures have also driven gold up between
like, for instance, 2000 through 2011 Gold went up.
So did the SP and in 2011, they
Strolled went into a bear Market.
Stock market continued up.
But over the last few years, if you look at like weekly charts of the
Tee Box, he Bond Futures and goal.
They've been in sync with each other, meaning, t-bonds rally as an
alternative to a decaying stock market.
It given points in time and gold valleys to, but even that other
alternative, if you're an asset manager warning, the park money
outside the stock market.
You see, while got to put it in safer place.
I'm going to buy tea box that doesn't work anymore, gold and t-bonds.
We're in sync with each other up through March of this year, when they
both made Lowe's together because we March for 2021 when they both
made bear Market lows together and turned up with since, then t-bonds
have melted coincident with the stock market, meaning yields have
risen prices, go down and gold is gone up.
That means that what if you're looking for alternatives to a decaying
bubble stock market bubble.
What are your choices?
Now used to be t-bonds and gold.
Now, you pretty much left with gold.
Another thing that people like to look at.
And it's a been a false leader, totally false.
If the dollar strong that hurts gold dollars week, that helps gold.
Yes, at some point, the dollar weakness and we will see it.
I think major weakness coming up.
But the dollar since 2000 15, December of 2015 was 98 dollar Index
known speaking of was at 98.6 five at the close of that month.
Again December 2015, you know, where its trading today either side to
that number, six years later.
Okay, where is gold since December 2015.
That was its low monthly, close of its bear Market.
It was 1060.
It doubled.
So without any help from the dollar gold doubled, if you're waiting on
the dollar to give you a clue in the buy gold, you missed a double.
So put it aside, gold is smarter than most of these markets.
I think it's looking at that huge macro, picture of the ongoing
degradation of money.
It knows that if these other asset categories begin to crumble.
The ones that the FED determines its OK.
If inflation, take stock sell.
That's okay.
We don't call that inflation.
What what hypocrisy?
And people pay attention to it.
Still it's going to be fun to watch the FED go into a spiral here and
academic policy spiral.
Because if they continue on the course of raising rates, they're just
going to demolish that bubble and they'll be blamed for that.
A course.
They won't do that.
There's be a certain point where the word caution that has been in a
lot of its features over the last few months will come into play.
And they'll have to say, well, you know, there's a new
Her out here now.
Suddenly unemployment numbers do look so good or suddenly retail sales.
Don't look so good.
All these metrics that are you know that they like to look at.
So they'll have an excuse we have no doubt of that.
So that's why for instance, go back to June is 2021.
Mid-june, that's when the FED meeting occurred, and that was the first
time they use that word taper.
And they beat the hell out of gold.
Mid June, you know, for a month or two, they dropped it.
Well more than $100 it approached in early August.
It's March 2021 low, but didn't take it out and March 2021, low was
1673.
They actually dropped under 1700 in the August sell off of last year.
Again, the selling due to the FED policy change, going back up again,
then again, they hit, they were like for sell-offs in Gold of $100.
More.
There were all redundant for goal to gain.
Gain what?
It lost the hit, it again.
They hit it again.
If they never could take out the March 2021 low.
So, finally goal said, that's it.
I've had enough, we shot back to the heist, right?
Okay, so and silver went from 22 up to 27 and it's now 25 26.
Mm. And again, another thing that people are looking at and go, while
you're talking about the correction phase that began in summer 2022,
both Mets, run.
I'm thrilled with into a range with a maximum drop was 20% from its
high March.
20 21 was 20% off the hive summer of twenty and then it lived in the
middle of it.
Silver drop from 30 down to 22 repeatedly.
Repeatedly repeatedly, couldn't couldn't gain any further on the
downside.
Now, it's back up in the middle of that range Commodities exploded and
we put out a report and others October of 2020.
We said, commodity explosion coming.
Well, it hit all commodity markets at once basically.
You could throw a dart sugar copper you name it and Marcus that have
no relationship suddenly exploded.
That's not because of the specific fundamental.
That's because of monetary shift, meaning asset manager said, hey,
look, I'm a little skeptical of this category, the stock market.
I'm going to put money into commodity related, stocks and commodities,
because they've been beat off the page.
They're not going to go to zero.
The risk/reward is better, and sure enough.
It was a lot of money.
Commodities explode.
Added, but they didn't start exploding.
Lock Tober 2020 goal had already doubled.
So people who are arguing will hike.
Is it gold going up?
If Commodities are in inflation, gold was the head of the event, gold
leaves these events.
It doesn't follow them.
In fact, there's a couple choice.
We can look at it sort of make that point.
Let's look at.
So first, there's a price chart and silver.
Okay, that's weekly closes.
And you own the extreme left side.
You'll see March or 2020.
That's when silver plummeted down, actually, traded down closer to 10,
but the Holo weekly closures around 12.
Okay, and then it exploded.
Intro, we got up almost to 32 High weekly closes after that, explosion
over foot, four months went from just above twelve to Twenty Eight.
That was The Surge that broke silver out.
Okay, that made a statement.
It said, I'm no longer.
Yeah. I'm joining gold.
And since then week, by week.
It stated arrange.
The red line.
By the way, is a three-quarter moving average to explain what that is,
the end of every quarter.
We average.
The prior three quarters of price action would come up with a new
average.
It's sort of
Lumpy with.
So this whole basically.
Is this the same momentum.
This is accusation that you did, that were in the last chart.
Correct?
Yeah, the chart above showed the three-quarter?
Average. That's price, right?
Okay, and you broke above it, but on the case of momentum, those
highs, which aren't even on the price chart.
There are different levels on this chart, their flat.
At this email.
We broke through the structure, but already late last year.
You could see the early exit of the early this year at Murray emerged,
the action emerged above a parallel downtrend Channel, another strikeout.
Yes.
Go ahead, early warning.
That silver is going to make a turn and sure enough.
It did so by our metrics, this entire corrective process as defined by
the downtrend channel or by the horizontal is now over.
Okay. Now back into positive trend mode.
I think, if what it's saying is that the corrective process that you
talk about is now over?
Well, now, regained the positive bias that had prevailed that drove
silver for like 12 bucks to 28 and 4 months.
Okay.
We're now back into positive trend.
Back to the price chart the momentum's broken out.
So there's not much more.
You can say it's okay.
I've overcome a channel and I've overcome a ceiling.
I'm out of here.
I'm now positive price.
Chart has a flat ceiling up there that any price chart idiot can look
at pardon me and draw a line across.
And you can see the back in the summer 2020 and again in early twenty
Twenty-One and then again in April May of 2021, excuse me.
Yeah.
So for a year or so all the high weekly closes,
We were on either side of 28 bucks.
So the sort of an obvious seal.
So obviously if you ever get above that again, and the number to close
above that highest weekly, close of that process would be $28.15.
Okay, at that point.
I think we're looking for a very explosive rally, correct?
That's wish it.
Then the price guys are going to say.
Oh, I'm waking up.
This is for Real.
Okay, momentum already says expected.
Okay.
Yeah, but that, at that point, you get above that 28 bucks, level
again and the price guys are going to wake up and they're going to
start to join in now.
Goals, already gone back up there.
It's gone back to my soul price size and silver.
I think we'll do the same.