Can Gold Rally As The Nasdaq Falls

Fiat and government are perhaps best described as failed financial relics of a monetary stone age. 

(Click on image to enlarge)

Gold is of course the world’s ultimate money. The more ounces a person has, the more money they have. It’s really that simple and… it’s really that awesome!

Here is this morning’s “scoreboard”. The bottom line:

The world is at the dawn of an era where inflation of concern may become the dominant theme.

(Click on image to enlarge)

The BDRY is essentially a shipping price ETF. 

While the Nasdaq crashed again yesterday, the BDRY pushed to a fresh short-term high.

Is this a sign that global “growflation” is already transitioning to stagflation? The dismal US jobs report on Friday adds weight to this scenario, but more time is needed to prove it as fact.

My suggestion to all gold bugs in the West: When it comes to the BDRY, watch the price action with a golden eagle eye!

(Click on image to enlarge)

important GDX versus gold ratio chart

A beautiful inverse H&S bottom is in play. A pullback would only add to the aesthetics of the pattern… and to the potential upside target price!

The fundamentals? Well, the QE programs operated by global central banks are really a ghoulish scheme that is best described as “welfare for government, banks, and rich stock market investors”.

It was President Trump who began pushing for some of the ludicrous amounts of printed and borrowed money to flow to regular American citizens.  

I am not a fan of any welfare payments for any reason, but if they are going to happen, the money should not go to rich stock market investors who are too lazy to sell rallies and buy price sales.

President Biden has continued this policy of what I call “QE for the people”.Unfortunately, the welfare money arrived too late for most Corona victims, due to government infighting and callousness. 

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