If US pump gas has a reasonable price and the stock market is in rally mode, American president “Jackboot Joe” Biden can continue his hideous warmongering in faraway lands… and most US citizens will not complain. 

While US government regime change adventurism in countries like Iraq and Syria was horrific, the overall danger to the entire world’s population was minimal. 

Biden’s debt-oriented meddling in Ukraine and Taiwan has made global nuclear annihilation a realistic scenario.  

Disturbingly, he seems to relish his new role as de facto dictator of the world. With three weeks to go to the US mid-term elections, will the oil price dip and stock market rally continue?    

For some insight into the matter,

A 14 million BBL release from the SPR this week equates to about 2 million BBL/day, which would offset all the OPEC cuts.

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The bullish inverse H&S pattern is threatened by Biden’s maniacal draining of the SPR.

The big question is whether he’ll announce yet another major SPR sell program after this one ends. If he does, oil will likely fall to $60.

If he doesn’t announce another sell program and the republicans win the mid-terms (likely), the American government could become gridlocked. The gridlock could cause social unrest and potentially… civil war.  

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The stock market has begun to rally. My 10,100 moving averages on the 2hour QQQ ETF chart do a good job of calling big rallies and big declines. The bottom line for the US stock market in the short-term: A buy signal isn’t in play yet, but it’s close and it could happen this week.  

While pump gas prices and a stock market rally can create a picture of Biden’s supposed excellence, some of his fellow democrats are much more concerned about what lies ahead for America… and for the whole world.

On that note,

War vet Tulsi Gabbard was once touted as a future US president. She’s no longer touted as anything by her party, after quitting and claiming the party has devolved into a macabre cabal of warmongering racists… Tulsi, a patriot, and passionate environmentalist believes the US democratic party has become a disgrace to everything the nation’s founders stood for.

Enormous financial concerns about the global economy are also being voiced by important democrats. To view the thoughts of one of them,

Former Treasury Secretary Larry Summers says that when it comes to fighting inflation, the central bank fire trucks are still in the station!

I’ve been adamant that the Fed needs to immediately hike Fed Fund rates to 10%, 15%, and then 20%, to terminate the government’s ability to borrow the money it uses to grow itself so recklessly and relentlessly. 

The Fed needs to do this… while launching Fed QE on Main Street credit card rates to take those rates down to 5%. The bottom line: Main Street really can boom while the government really goes bust! 

Not surprisingly, gold has barely participated in the post-CPI report stock market rally… after fully participating in the stock market’s decline.  

That’s why it’s so important for investors to focus on the key buy zones for the miners, which are determined by major support zones for gold.

On that note,

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weekly gold chart

 From the current price, gold is either going down to the $1570 buy zone of mining stock champions or above $1730, which also is a fabulous buy zone.

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GDX daily chart

There’s no question that this chart is bullish; there’s inverse H&S action all over it.

That’s great news for core positions held for the medium or long term, but for buying new positions, that needs to be done at $1570 or $1730, not now. 

The Dow is the most elite stock index in the world. Its average gain is about 8% a year, but investors who buy at my key support zones can make much bigger returns and do it in a short period of time.

Unfortunately, the Dow doesn’t trade at those support zones very often. The good news is that gold trades at key support zones much more often. The senior miners tend to stage 20% gains in a month or two from these zones. The juniors can gain 30%, 50%, and even 100%!

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GDXJ chart 

Before the 2021-2025 war cycle arrived, these “Buy now to make 20% gains in a month!” opportunities for the mining stock ETFs like GDXJ happened about once a year. Then it became two, then three, and now it’s about four times a year.  

Ironically, as the overall price trends become increasingly stagnant, the opportunities for gold stock bugs to get richer are becoming more frequent! It’s unknown if the next big opportunity for mining stock enthusiasts will be at gold $1570 or $1730, but what is known is when it’s time to buy, those who do so will likely make two to three years the average US stock market gains… in just a month or two. In a nutshell… Enjoy!

More By This Author:

A Shocking Gold Price Rally
Metal Miners Gold $1610 Is The Key
Inflation: Tactics For Ebb & Flow