Gold Flag Forming Today

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.

 

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FINALLY The Answer on Greek Default and Grexit Coming TODAY

We don’t know the details because “the conversations are private”, but the three biggest mafia gangs in the Eurozone – the European Commission, the European Central Bank, and the International Monetary (Government Bail Out) Fund, AKA the Troika, or Institutions, or Mobsters, or Former Student Council Presidents Suddenly In Charge Of A $#!+load Of Stolen Money, have given the Syriza Welfare Whiners a take it or leave it offer.

If Greece rejects it, a full bank run will begin, and the whole system will begin to buckle.

Yesterday we had another gold flag, by the way. Stocks down, dollar way down, bonds down, gold up.

Six Days Until Greece Defaults

Things are starting to fall into place. We almost have another gold flag today. We may yet if gold turns positive by the end of the day. It is barely down.

Stocks are way down. Bonds are down hard. Dollar is tanking.

Gold is even. But oil is up.

In any case, this will all get much worse come Tuesday May 12, when Greece has to repay €775M to the IMF, but probably does not have the money to do so. According to Zerohedge, there will be no deal by Monday, May 11. Here ZH isn’t just speculating, but quoting a source. So they’re probably right here.

Further evidence for no deal by Monday is that Tsipras and his Syriza socialist wacknutters just reversed a measure passed by the previous government to fire 15,000 useless bureaucrats. They will now be rehired, because putting human robots on the payroll of a European backed bailout is the moral thing to do, I guess.

I’m sure the IMF will be really happy about this. You have no money but you hire 15,000 people to do nothing but shuffle paper and screw up the economy. There’s no way Greece is getting any more money. Forget it.

We’re 6 days away from D-Day, finally, on Greece.

Hasta La Vista, Eurozone.