Here is a look at the big picture in some key global markets, including gold, silver and copper.

The Big Picture
August 14 (King World News) – Graddhy out of Sweden:  The chart was finally ready. SILVER is now breaking out.

Always know the very big picture.

And yes, I am certain about that silver will be a fully endorsed monetary metal once again.

KING WORLD NEWS NOTE: Silver Has Decisively Broken Out – On Its Way To Becoming A Fully Endorsed Monetary Metal Once Again.

Many are still in a bearish mindset and sell as soon as they have some profit. If one cannot change mindset when the market changes character, making life-changing money is not possible.

Another Gold Breakout?
Graddhy out of Sweden:  The 43-year pattern of Gold vs Copper is now trying to break out.

I have been stating that the inflationary 1970’s will repeat, and most probably be dwarfed hugely.

Gold is a safe-haven and copper is an industrial (Artificial Intelligence & Electric Vehicle) metal that usually does well in good economic conditions (“Dr Copper”).

This chart below means rough times are coming, and that gold will soar.

KING WORLD NEWS NOTE: Gold Is Trying To Break Out Of The Reverse Head & Shoulders Pattern vs Copper. That Would Send Gold Soaring, And Would Also Mean Tough Times Are Ahead.

Shared the chart 3 years ago when price was at bottom of the right shoulder.

Then posted the chart at pink small line breakout and backtest.

And it is now trying to break out hugely. A new phase is starting…

Listen to the greatest Egon von Greyerz audio interview ever
by CLICKING HERE OR ON THE IMAGE BELOW.

Bulls & Bears
Peter Boockvar:  Shifting to stock market sentiment, the individual investor mood is the exact opposite that of the daily record highs. AAII said Bulls fell by 5 pts to 29.9 and that is the least since May while Bears rose by 3 pts to 46.2, the most since May. Investors Intelligence, which measures the mood of the ‘professional’ newsletter writers are much more optimistic but a bit less so w/o/w. Bulls were 46.3 vs 47.1 while Bears were up to 22.2 from 21.5.

Bottom line, I’m guessing the individual investor is voting to what they are seeing in the economy while the professional sees the stock market going up everyday.

To finish up, the UK economy in Q2 grew by .3% q/o/q and 1.2% y/o/y which were both 2 tenths above expectations. More government spending helped as did trade. Consumer spending was about as expected.

JGB yields responded overnight to Scott Bessent’s call on Bloomberg yesterday for the BoJ to hike rates and get in control of inflation. The 2 yr JGB yield rose by almost 3 bps to a two week high and longer term yields rose as well.

This comes just a few days after longer term German bund yields touched 14 yr highs before backing off. I don’t believe this long bond story globally is over, even with expected Fed rate cuts and that German yield move has been happening with a lot of ECB rate cuts.

By the way, non voting Fed member Mary Daly is not on board with Scott’s call for a 50 bps rate cut next month. “Fifty sounds, to me, like we see an urgent-I’m worried it would send off an urgency signal that I don’t feel about the strength of the labor market. I just don’t see that. I don’t see the need to catch up.”

Tsunami Of Crypto Money Will Flow Into Gold Market!
Billionaire Pierre Lassonde shares with King World News listeners around the world many of his top stock picks in this remarkable audio interview and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.

To continue listening to Alasdair Macleod discuss the short squeeze that is beginning to unfold in the gold and silver markets CLICK HERE OR ON THE IMAGE BELOW.

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