Gold, Stock Market, & Crypto Key Tactics

Note the bullish technical action in the right shoulder; the moving average crosses are crisp and clean, and the shoulder takes the shape of a drifting rectangle/bull flag.

This type of technical action is expected when a momentum-style move is getting underway. That certainly appears to be the case now, from both a fundamental and technical perspective.

The bottom line is that fiat money is a vile part of socialism. The socialists are likely to pay a heavy price, as gold blasts over the neckline and begins a wondrous journey towards my $3000 target zone!   

(Click on image to enlarge)

money-making bitcoin versus gold chart

While my call to sell bitcoin and buy gold has obviously been a major winner, investors are wondering if it is now time to sell gold and rebuy bitcoin.

The simple answer is… no!  

Bitcoin can be bought now, but only with disgraced fiat, or with proceeds from the late-stage stock market.

Sell high and buy low. It is a simple adage… and it works. In fiat terms, the US stock market is high, so my plan is to book a lot of profit between now and August.

I call the Sept-Oct time frame “Global stock market crash season”. Clearly, the smart time to sell is ahead of a potential crash, not after it happened. For the US stock market… that time is from now to August.

While some stock market proceeds can go to bitcoin and key coins, more can go to the gold and silver miners.  

(Click on image to enlarge)

GDXJ daily chart

Not only is a key trendline breakout in play, but it’s happening while a bull flag appears to form!

My GDXJ buy zone basis gold $1778 was a big winner as I urged investors to sell into gold $1996, and it’s happened again with $1671 and $1850. 

Having said that, it is now time to hold core positions with an iron hand. An argument can be made that a gargantuan momentum-style move is coming, and it will be inflation-oriented.  

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