Socio-Economics History Blog

Socio-Economics History Blog

Kevin Wadsworth and Patrick Karim: Gold and Silver – Technical Break Outs just Starting

by mosesman

  • Palisades Gold Radio
    Tom welcomes back the double-charting dynamic duo partnership edition of Palisades. The Market Weather Forecaster Kevin Wadsworth and Proprietary Capital Manager Patrick Karim have now teamed up at NorthStarBadCharts.com to bring you their ‘baddest’ charts and market weather forecasts. To subscribe to our newsletter and get notified of new shows, please visit http://palisadesradio.ca​
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    Patrick discusses how the dollar breaks down when one factors inflation. He expects a further fifty percent decline in purchasing power over the coming years. Kevin outlines the 30-year bond yields and the ever-increasing national debt. We’re in some sort of final death and debt spiral. Unlike in the past, we can’t raise rates so how this plays out is anyone’s guess. Patrick discusses how real rates compare with gold and how an end-game scenario may play out. He doesn’t feel that equities can outperform gold for much longer. Patrick looks at the charts for silver and how patterns repeat when contrasted with the Dow. We have a clear cup and handle on the long-term chart for silver. Silver continues to fill out the handle pattern and seemingly has a lot of potential upside. Kevin examines what the future of copper may hold considering future growth in electrification. The current surge in commodity prices may be short-lived, but the long-term trend seems more evident.
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    The price of copper may continue higher for a while longer and then pull back. Kevin wants to see Bitcoin confirm the bull market, and he expects to see a significant move higher before this bull market is over. Ethereum is clearly very bullish on the chart. They provide us with their plans for the new website and how it’s helping to keep them organized with the numerous chart requests. They are posting upwards of 200 charts a month on their site, which they offer a very reasonable fee. They expect some crazy moves to come, and Kevin suggests caution on the markets later this summer. They both agree, focus on the charts, and follow the evidence where it leads. Time Stamp References:
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    0:00​ – Introductions
    0:45​ – Dollar Do(o)med
    6:54​ – Inflation Dollar Chart
    9:37​ – Real Yields & Gold
    16:16​ – Gold vs. US Equities
    18:40​ – Historic Gold Charts
    21:53​ – Silver Vs. Dow
    24:32​ – Gold Cycles
    27:55​ – Silver Cup & Handle
    33:43​ – Silver Log Chart
    40:14​ – Copper Update
    42:43​ – Uranium
    45:22​ – Energy Fuels
    47:20​ – Ethereum Chart
    52:32​ – Bitcoin Cycle
    53:37​ – New Chart Website
    57:25​ – Wrap Up
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    Talking Points From This Episode
    – Dollar decline and inflation charts.
    – Yields, Bonds and the National Debt.
    – Expectations for Gold and Silver
    – Commodities and Crypto.

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