Socio-Economics History Blog

Socio-Economics History Blog

Patrick Karim: Lines in the Sand for Gold and Silver

by mosesman

  • Palisades Gold Radio
    Tom welcomes Patrick Karim back to the show to discuss his latest charts. Patrick is a proprietary capital manager and chart trader. To subscribe to our newsletter and get notified of new shows, please visit http://palisadesradio.ca
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    Patrick examines the ratio of the junior miners to silver, and currently, we are in a triangle pattern that could break in either direction. Hopefully, we get another bounce off of support and takeout overhead resistance. He sets some specific targets on the six-month silver junior chart necessary to hold this phase of the bull cycle. Franco-Nevada often leads gold out of bottoms, and he shows some of the interesting technicals on this chart. It oscillates off a one-year moving average, and the chart shows when a rally usually occurs. Presently, the chart seems bullish for the entire sector. Gold should begin appreciating, particularly when contrasted with the total amount of public debt. He shows an interesting chart of lumber versus gold which appears to be signaling a bottom for gold. We see a bullish cross on momentum for the gold/silver ratio. This cross is indicating a coming bullish period for silver. The DJIA Index shows potential for another melt-up in the markets and is quite similar to the 2001 dot com bubble. Time Stamp References:
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    0:00 – Introduction
    1:03 – Junior Miner Ratio
    6:50 – Silver Juniors
    8:50 – Franco Nevada Monthly
    11:20 – Miners Vs. Franco
    13:26 – Miner Cloud Charts
    15:52 – Dow/Silver PF Chart
    20:35 – Gold/Public Debt
    26:34 – Silver/Public Debt
    28:57 – Lumber Vs. Gold
    30:46 – Gold/Silver Ratio
    36:33 – DJIA Index – Monthly
    39:14 – Russell 2000 & Silver
    41:29 – Gold’s Historic Gains
    44:35 – Silver Arbitrage
    46:44 – Silver PF Chart
    51:54 – Wrap Up
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    Talking Points From This Episode
    – Junior miner’s performance and expectations.
    – Franco Nevada as a leading market indicator.
    – Gold/Silver compared with Public Debt.
    – DJIA potential melt-up and comparisons to past bubbles.

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