A look at the Gold and Silver Charts (04.04.2024)
by Larry Simon

A look at the Gold and Silver Charts (04.04.2024)


Eclipse of the Sun- GRRR Graphic cartoon
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The world is going through a period of serious turmoil. More and more acts of violence, person on person and country on country are being committed.

My opinion is that this is by design and purposely implemented. Just look at the laws against honest citizens. Squatter rights, most countries have them. If you steal his bicycle, you get charged, if he occupies your house, you get arrested for trying to take it back. Where is the morality in that??

It is time to clean up the law books by removing all of the immoral laws. I suggest removing ten obsolete or immoral laws for every new law introduced. Prohibit multi-faceted laws from being presented. Each idea should be a separate bill to be voted on.

No omnibus spending bills. Vote on each item as a separate entity, so politicians know exactly what is being spent and where it is spent and so do we.

No bill longer than five pages. Thousand-plus page bills carry loads of evil.

All public SERVANTS salaries and perks and ‘other’ income to be published in the public domain easily available. Insider trading must be punishable for politicians and citizens.

Stop pushing the public into a system they do not want. We want to cash in high denomination bills, backed by real assets. We do not want our transactions tracked and questioned and stopped and controlled in every way. We do not want to be policemen for the government.

If the government has a problem with companies, banks, individuals, or politicians, the government has the power to arrest or otherwise charge them. Make the consequences sufficient to deter crime. I am still waiting to see bank officials or big business officials being arrested.

Treat each individual on his merits and with respect. Free up banking, travel, regulations, and licensing. Renewing licenses at regular intervals is nuts. Most should be removed completely and when licensing is essential it is unnecessary to have short renewal periods.

Our freedoms have been slowly removed. I feel desperately sorry for our children and grandchildren, living in legal cuffs, being squeezed tighter and tighter.

Time to define freedom and look at the constitution as it was intended. Then implement it as originally designed.

***Alternate Alternate Assets***

Because of the deteriorating situation politically and economically, we are looking at less usual avenues of investment. Should you be interested in exploring these with us we will gladly do so. If you would like our notes included here or if you would like to see a separate newsletter please let us know.

BITCOIN AND GOLD

BTC:GLD below shows bitcoin still underperforming Gold, no signal to buy bitcoin yet.

$BTCUSD:$GOLD Bitcoin to US dollar/Gld CRYPT 4 April  2024

GOLD AND SILVER STOCKS

Gold stocks have outperformed physical gold for the past few weeks.

$GOLD:$HUI Gold- Continuous Contract (EOD) Gold Bugs Index - NYSE - 4 April  2024

Silver stocks are outperforming physical silver.

$SILVER - SIL Silver- Continuous Contract (EOD) Global X Silver Miners ETF  4 April  2024

GOLD AND SILVER

Silver far outperforms gold this week. Great to see and about time too.

$GOLD:$SILVER Gold Continuous Contract - (EOD) Silver - continuous 4 April  2024

GOLD TO USD

Gold is outperforming the USD. Even though the USD is strengthening, so is gold. A great sign for future gold strength.

A LOOK AT THE GOLD AND SILVER CHARTS

Gold and Silver charts -2024-04-04

Gold’s low of the week was $2,228.00 and the high was $2,305.00, now trading at around $2,294.00.

  • The monthly chart for Gold is a hold. We bought it at $1,800.00 and have held it to date. It looks a little overbought here but the indicators are mainly positive.
  • The weekly chart remains a hold. Great to see definitive price moves like this. Indicators positive.
  • The daily chart is a buy. Price is looking overbought but all indicators are positive so we hold.

$GOLD Gold - Continuous Contract (EOD) CME 4 April  2024

The low for Silver this week was $24.74 and the high $27.34, trading around $27.09 at present.

  • Silver on the monthly chart indicates a buy. It needs to break $30.35 then $50.00.
  • The silver weekly chart is a hold. We bought it at $24.00. I would like to see it break out of its long-term trading high of around $28.60. (See chart)
  • The silver daily chart is a buy, looking a little overbought.

$SILVER Silver - Continuous Contract (EOD) CME 4 April  2024

Our partner has a stock of both Gold, Silver, and Goldbacks in our vaults available in Panama.?Please contact us for more information.

Goldback request banner

A video by Mike Adams on the Goldbacks.

Well worth a look!


On the Stockcharts.com charts, the blue vertical lines are our proprietary system buy signals and the red vertical lines are?system sell signals – for information purposes only.

Please contact us to arrange the purchase and storage of your gold and silver requirements in a safe, insured location outside of your jurisdiction.

If you are interested in an overview of Fort Kobbe, you may want to have a look at this video:?Mike Brown, Director, Fort Kobbe, International Vaults, A DotCom Magazine Exclusive Interview

This is my interpretation of the market and is not to be taken as financial advice. Before making any buy or sell decisions, I recommend that you consult with your professional financial advisor.

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