King World News continues to focus on the big picture on the heels of the paper shenanigans in the paper gold and silver markets, but there is another problem and that is people going broke in the United States.
Gold & Copper
October 27 (King World News) – Graddhy out of Sweden: GOLD is a safe-haven, and COPPER a base metal that does well in good economic conditions (“Dr Copper”).
See what happened during the inflationary 70s.
Gold May Radically Outperform Copper As It Did During the Inflationary 1970s (SHADED GREEN AREA)
Coming move will dwarf the 1970s.
Chart now has a pink double bottom breakout and new high after backtest…
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Graddhy out of Sweden: GOLD – Major reversal looked likely with the blue pattern setup in early Oct, and got it. Many called for much lower, but, one can not trade a resumed bull with a bearish mindset.
Gold is showing great strength chart wise.
Gold Showing Tremendous Strength On Its Chart
Graddhy out of Sweden: SILVER priced in major FIAT currencies are now squeezed in-between blue major 12-year resistance lines and blue MA50 support. They have to make a decision here soon, and odds strongly favour a synced, historical breakout.
Silver On The Cusp Of A Historic Breakout Priced In All (Collapsing) Fiat Global Currencies:
Silver Priced In British Pounds Ready To Soar
Silver Priced In Canadian Dollars Coiling For Major Breakout
Silver Priced In Australian Dollars Ready To Explode Higher
Silver Priced In Euros Also Ready To Launch
Many People Going Broke In The US
King World News note: It is also important to note that most people in the United States are drowning at this point. Below is a chart showing that all of the funny money that the government handed out to everyone is long gone, and now the hangover in the aftermath of the explosive inflation is choking them to death.
THIS IS WHAT HAPPENS WHEN YOU PRINT A LOT OF MONEY…PEOPLE GO BROKE AS INFLATION SOARS:
The Funny Money Is Long Gone (Personal Savings Near Lowest Level In History As % Of Disposable Income) And Most People Are Drowning Because Of High Inflation
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