The Reddit Revolution Key Battle Tactics

While gold feels solid and good news is appearing, silver and bitcoin continue to be the private money world’s brightest lights.

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short-term gold chart

 If gold trades above $1875, the rally will gain more momentum. 

There is also a small inverse H&S bottom pattern on the chart, which is positive.

A significant import duty cut was announced for both gold and silver in India yesterday. 

That should put a major floor under the gold price and open the door to a test of the $2089 high.

There is more good news for gold investors.

The Chinese government wants the yuan higher and the dollar lower.US president Biden seems to want that too.

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The big picture for gold investors is all about buying into $1767 and selling into $2089.

A buy signal for my key weekly chart 5,15 moving average series would be positive, as would a fresh 14,5,5 Stochastics series buy signal.

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spectacular bitcoin chart

Sadly, most US citizens appear to be “election bugs” more than private money metal or bitcoin bugs. They wasted a lot of time-fighting over which fiat-oriented president should be elected, rather than buying bitcoin (and silver) at the key price zones I highlighted for them.

The simple fact is that at a price of $35,000, bitcoin is 35 thousand times better than the dollar!

I suggest investors think hard about that fact. It’s a great way to look at the bitcoin private money light, as it shines brightly for savvy investors.

My crypto focus is now more on the skyrocketing altcoins.

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“bright silver lights” chart

While traders had to be sellers yesterday, investors with no silver, and who failed to buy at my latest key buy zone of gold $1788…

They need to get some silver on the table right now. Silver is a major asset. It is one of the big three private currencies, along with gold and bitcoin.

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