Gold is poised to pop above $2,000 and gold stocks will trade like tech stocks.
Silver Shake Out Was Pure BS
July 29 (King World News) – KWN reader C. Perkins: One has to grudgingly tip their hat to the CrimNakes (Naked Crimex Paper Silver Shorts) for the way they engineered this one; it’s destined for the “Top 10 best Shakeout Fakeouts of All time” list.
Recent Low On Silver A Classic “Fake out!”
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Three Inflationary Waves
Kevin Smith: From 1965 to 1980, the US economy experienced three inflationary waves that built on themselves becoming progressively larger as time went on. Note how CPI made “higher highs” and “higher lows” marking a persistent 15-year trend of a rising annualized inflation rate.
This historic fact is exactly the opposite of what is implied by the popular “inflation-is-transitory” narrative today. That idea implicitly promotes a concept that inflationary cycles are short-term and mean reverting rather than long-term and trending. Those years were marked by fierce counter shifts in monetary and fiscal policies that repeatedly changed focus from fostering economic growth to strongly fighting inflation. As a result, financial markets experienced one of the most volatile boom-and-bust periods of history. At that time, the Fed was fortunate to be able to raise rates without triggering a debt crisis. This is a very different setup today.
Yet Another Gold Bull Catalyst
Amidst all the commotion, long term real rates just pushed to new lows for this cycle. Meanwhile, gold got left behind. Whether a haven from a Chinese collapse or to get a jump on rising inflation in the US, gold appears poised to pop above $2,000 here.
Gold Poised To Pop Above $2,000
Gold Miners Will Enter A Mania Phase
King World News note: Here is a chart projecting the HUI (Gold Mining Stock Index) headed above 5,000. Keep in mind the HUI is trading today at 275 and hit its all-time high in 2011 at 620.
Gold Stocks Will Trade Like Tech Stocks
HUI Gold Mining Index Headed Above 5,000
***ALSO JUST RELEASED: Gold Surges $30 And Silver Up $1 But The Best Is Yet To Come For Gold & Silver CLICK HERE.
***ALSO JUST RELEASED: CEOs TO WORKERS: Back To The Office – NOW CLICK HERE.
***To listen to James Turk discuss what will end the long consolidation and break the metals and mining stocks out on the upside CLICK HERE OR ON THE IMAGE BELOW.
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