Gold's Three Big Pillars

There are three big price drivers currently at work in the gold market: The rise of inflation, the huge bull continuation pattern on the weekly price chart, and the war cycle.

There are numerous other factors in play, but they are related to the (fundamental, technical, and cyclical) “big three”.

Not surprisingly, the Fed takes credit for the inflation that has appeared on the streets of America… credit that belongs with the Trump administration and to simple supply chain blockage.

The Fed can take credit for creating “creep state inflation” because that’s what it created with its vile money printing program: inflation in stock, bond, and real estate markets.  

Main Street inflation never began to surge until the US government-issued money directly to citizens… and did so at the same time as the Corona crisis created substantial supply chain issues.

As expected, US Democrats have failed to follow through with any further direct payments to struggling citizens, but they have told a lot of wonderful “We’re here to help the people!” stories.  

At the same time, some of the supply chain blockages (especially lumber) have cleared. The bottom line: Inflation has temporarily peaked, but it hasn’t waned.  

It appears to be consolidating.

(Click on image to enlarge)

stunning “shipflation” chart

I urge gold bugs to get a grip on the stages of inflation in the dying American empire. First, there is Main Street deflation. Then comes “growflation”, and finally there is stagflation.

(Click on image to enlarge)

spectacular BDRY shipping costs ETF chart

An ascending triangle breakout is clearly in play.

During the growflation stage of inflation, investors will see substantial profits in these types of investments, which is why I recommended BDRY before and during the breakout stage.

(Click on image to enlarge)

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