Gold

Commodities are the cheapest they have been in 50 years and that’s a buy signal. "Buy when there’s blood in the streets even if it’s your own."

China seeking to expand the use of its yuan-denominated gold fix overseas, says chairman of the mainland China’s sole gold bourse

Silk Road (China, India, Russia & Turkey) gold consumption.

The dollar will rally for 6-8 weeks while gold heads lower. Gold has decisively broken down through its 200 dma. Traders are in a bull market mentality and will try to buy gold’s dips until sentiment becomes bearish.

Gold has closed below its intermediate uptrend line. This is the first confirmation that a larger intermediate degree decline has begun.

A well-known coffee company says, “Respect the bean”. That may be good advice, but I think it’s vastly more important for gold and silver bugs to “Respect the bar”!

As we reach the final stages of the current economic cycle, hubris is prevalent everywhere. Central bankers and bankers believe that they can continue to create wealth by printing and borrowing money. Since it has worked so well for 100 years in this latest cycle, why can’t it continue?

Gold’s intermediate cycle low is still 6 to 8 weeks away.

According to Goldman Sachs, central banks now hold a full third of the world’s bond market.

If the US debt would be backed by gold, it would require 3x more gold than what has ever been produced.