Took a look at the futures this morning and the S&P, Nasdaq, and the Dow all spiked down together with the dollar index and bond futures. The long term treasury ETF (TLT) is down close to 1% in premarket. Gold is up close to 1%.
When stocks, bonds, and the dollar index are all down together with gold up, that’s a gold flag. The end game will see gold flag after gold flag for weeks at a time.
What is happening with cryptocurrencies now will happen with gold. If bitcoin can move from $1,000 to $20,000 in 8 months, gold can, too. Except with gold, I believe it won’t go back down after it spikes. Cryptocurrencies will all go to zero if they ever become a popular medium of exchange because government will blame a falling dollar on bitcoin and the rest, outlaw any business from accepting any digital coins and game over, but gold will keep going up.
This is just one gold flag. Let’s see if it maintains itself and if it repeats again tomorrow.
Once price inflation hits 3-5% by government indexes, I believe the final stages in dollar hegemony will begin.
2 thoughts on “Gold Flag Forming Today”
How will the U.S. government prevent the businesses of Asia from accepting crypocurrencies?
Japan already recognizes it as legal tender.
Whichever countries experience runaway inflation will ban cryptocurrencies. Including Japan. Taxes in Japan cannot be paid in bitcoin. Bitcoin is not legal tender in Japan.