March 18, 2015
Thomas Beecham says it's not time to buy gold yet-I look at the trend in gold. It is clearly under pressure. Now I see all the news out there and everything that is being talked about. Yet gold is still under pressure. This is clearly a negative in my book.
Now looking at the chart. There is a range bound trade, with lower highs and lower lows. We are in the bottom part of that range. That is slightly positive in my book for a long term accumulator.
However, I still see lower lows, and until something changes this trend, I would stay clear. I was bullish on gold going back to 2005. What did I see then? George W Bush and Katrina. W said it would cost a trillion dollars to repair the damage. That from an "Oil Storm" scenario, which showed some sort of weather control. It popped out of the 425-450 range for the first time in decade. I started buying in a big way and was recommending gold with the proceeds of sold real estate. I scored well. When gold dropped below the 1632 bearish wedge support level back in 2013 I was long-term bearish for the first time since 2005. I wrote my first article for your website after I contacted you warning all to stay away from an impending collapse in gold and silver. I am not a chartist, per se, but I feel the trend and market movements, with the vibe of the day, and each price has a certain feel to it. I am here to say that the vibe is not good. I would still look for lower lows - though the price movements are becoming compressed. I stick to my opinion from February, 2013, that 1,000 will be revisited before we resume up. Too many people fear losing out on a resurgence.
I wrote those articles for your website starting in February, 2013, when gold was 1650, and silver was 32. Despite all the criticism I received, I wouldn't change a word on any of them. A lot of people were not pleased with what I wrote. But guess what, gold and silver tanked. Real estate has been a winner. The stock market continues to fly. The dollar is king. There is no real inflation. There has been no divine intervention to save us. Need I go on? This is exactly what I wrote two years ago. There will be no collapse until war. So many disparaging remarks came my way, but guess what... I was right.
And I am here to say gold is going further down until late this year at the earliest. Don't arrive early, your dinner will be cold by the time you eat.
Gold is a hedge against the system and government. Right now, the unprincipled and reprobate people love government. A decade ago the people had more principles and morals.
Recall how I was writing how governments were going to make it tougher to use gold as a means to circumvent the system. They would connect gold with terrorism and money laundering. This is exactly what I see daily. NATO says ISIS uses gold to pay people. That whole ISIS thing is a big joke, burped up in DARPA-style labs for the Pentagon to use against the unprincipled populace. But what this says is that the DoD does not want the average Joe six-pack owning gold. Look for more restrictions to come.
I still submit that the globalists allowed gold to rise to dizzying heights to sucker in the dumb patriots, so they could collapse it in a WTC7-style controlled collapse that would baffle the average person.
Anyone who has listened to the controlled-patriot media has lost it all. Their job, retirement accounts, balance sheet, house, bank account, wife, children, and dog. Yet the same people cling to this amateurish stuff.
Please, do not be given over to the carpetbaggers in the controlled alternative media. Some may be well-educated in certain disciplines, but are out of their realm with respect to true conspiracy. Even worse, I submit that much of the writings we read can be traced back to US Government servers as disinfo. A broke resistance is much easier to handle.
If rates spike from some sort of impending collapse that the dumbed-down patriot media keeps parroting, we may actually see all assets fall, including gold. That happened in 2008.
