Socio-Economics History Blog

Socio-Economics History Blog

Kevin Wadsworth and Patrick Karim: The Fiat Endgame, $6,000 Gold and $180 Silver

by mosesman

  • Palisades Gold Radio
    Tom brings us a double-charting dynamic duo edition of Palisades. The Market Weather Forecaster Kevin Wadsworth and Proprietary Capital Manager Patrick Karim bring us the latest low down on the metals markets. To subscribe to our newsletter and get notified of new shows, please visit http://palisadesradio.ca​
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    Kevin starts us off by looking at the gold chart and how the bull market has progressed. At the moment, there is a concern if the arc breaks, we could pull back for longer. It’s not unusual in an ongoing bull market to have a pullback to the fifty-day moving average. Patrick points out that gold never closes below the 18 months moving average during a bull market. Further money printing and inflation are almost certainly in the cards as the Fed will likely continue to support the general equities markets. Patrick provides a monthly comparison between gold and silver charts. The value of gold is relatively constant, but the value of the currencies is what fluctuates. They give some possible gold and silver targets, and Kevin believes this silver market will end with a parabolic melt-up.
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    Kevin discusses his real yields chart and how we have been below zero yields, and it shows why gold and silver are putting in a bottom. Then we look at the US dollar and how it has a 15-year cycle composed of five three-year cycles. It looks like we will move higher for a short period before descending again. Kevin shows that copper has broken out as we’ve overcome resistance levels, and overall, the fundamentals look very good for copper miners. The arc in copper indicates that we are building for a new long-term pattern at higher levels. Patrick also feels that copper is still not close to topping out. Uranium is at the bottom of a trend pattern, and if it falls through its support, we could see a further move down in uranium, but Kevin expects the trendline to hold. He fully expects the price to break to the upside. Time Stamp References:
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    0:00​ – Introduction
    1:18​ – Gold Chart & Pullback
    7:00​ – Quarterly Gold Chart
    10:48​ – Gold and Silver
    17:00​ – Silver’s No Quarter
    24:33​ – Real Yields
    36:36​ – US Dollar Cycle
    41:25​ – Copper Chart
    51:08​ – Uranium Chart
    1:04:30​ – Charting Resources
    1:07:00​ – Wrap Up

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