Fed Meet A Key Catalyst For Gold

This, while the average US citizen is called a “loser” if they can’t afford medical care. Studies suggest that in 1963 it took a US minimum age earner 8 years of gross income to pay for a house. 

Now it takes the same earner 34 years to do it! Most people now take 8 years just to pay off their car loan, and the car is worthless by the time they pay it off.

In a disgusting ode to insanity, the US government has repeatedly called this horrifying state of affairs, “the mightiest economy of all time”.  

In Japan, the central bank is now the biggest investor in the stock market. The Swiss central bank has a big portfolio of global stocks that it buys with photocopied fiat. The Fed is doing QE for corporate zombie bonds. 

It appears to be only a matter of time before the Fed uses its printed money to become the biggest shareholder of US stocks.

Horrifically, this is called… capitalism.

(Click on image to enlarge)

important weekly Dow chart

Key oscillators (especially the 14,5,5 series full Stochastics) are close to sell signals, but the Dow is likely to push higher within the massive broadening top formation… before likely collapsing like it did in 1929.

(Click on image to enlarge)

SIL ETF chart 

A modest pattern of higher highs and higher lows is emerging.

If the US stock market does collapse, it will likely be related to government debt worship finally producing inflation, and a possible 2021-2025 war cycle. 

In that situation, American citizens will likely get quite interested in silver bullion, because it’s cheaper than gold, and institutions will buy the miners. Hi, ho, silver!

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