“Crashlection” Week Outlook

When there is a “known” event of major magnitude on the way, markets often hint in advance what to expect.  This is most often done with price changes.  Markets running up ahead of an event are called “Buy the rumor” and the decline following is often labeled the “Sell the news” aspect.

With (at best) incompetents in both political camps, we would not be surprised to see one of the largest stock market moves ever, when the vote counting – and the demonstrations fire up – along about Wednesday this week.

In the meanwhile, Biden’s War in Ukraine has not been an issue as the democrat party runs on issues – like Trump and abortion – that aren’t on the ballot.

Notwithstanding, if you’re really delusional, the week ahead promises to be a real peach.

In the meantime, let me fill you in on how a major “come to Jesus moment” is arriving for the stock market as Gold has started a possible take-off run that could see its prices triple to quadruple from recent levels.

As we explain an underlying relationship few bother to think about.

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28 thoughts on ““Crashlection” Week Outlook”

  1. Gold could be in a relief bounce like the recent stock market bounce.

    On the Kitco interactive chart set to max then narrowed down to years from 2011 to present it looks like the waves are moving 5 down/3 up which means trend is down. Perhaps gold is bouncing at the A down (labeling?) made back in 2011.

    When the pensions go over the falls gold holders will sell their gold to save their families, young & old. They always do. A lot of European wedding rings will be pawned this winter to keep the heat going and phones charged.

    Long story short, the population boom is coming to an end. We were told, “the age of abundance is over.” A lot people have to die to get world populations back down to . Gold is probably going back to 1967 prices after a lot of change.

    Look at this chart.

    https://ourworldindata.org/uploads/2022/03/Annual-World-Population-since-10-thousand-BCE-2048×1441.png

  2. “In other words, the price of gold (POG) can only be diluted to the extent that tungsten can be used as a “nearby weight” by counterfeiters and fraudsters. In the end, the POG is highly reliable.”

    Have you seen the new panda’s that are being sold.. I would love to own a couple not for the gold.. but for the coin itself.. its pretty nice..
    there is one with the celtic tree of life on it to.. that would be nice and the gold maple leaf..
    I for one don’t care about gold or silver.. although I do have a few coins of silver just to make the silver tincture.. for bandages..
    but the design on the coin is nice..
    the problem I see with gold.. is.. you have to have someone that collects it to sell it.. go to the sudan and see someone that has to walk hundreds of miles for water and food.. and offer them a gold coin.. or offer them a tanker of water and a truck of rice.. which one would they take.. my hopes are the water and rice.. gold is meaningless.. just a hunk of metal.. in ancient times.. grain was the storehouse .. the wealth. the aztecs.. used gold for ornamentation not for value.. it was corn..

  3. Your Georgeness,

    Thanks for the updated chart pack on sub side, always appreciated. Now, later? We have 3 of 3 on deck. Moves where everyone runs to one side of the boat or the other are rampant.

    Besides voting, and counting, Nov 8 will serve up celestial phenomena:

    https://moon.nasa.gov/news/185/what-you-need-to-know-about-the-lunar-eclipse/

    Red moon (blood moon) eclipse on full moon Election Day. Can’t wait.
    Wonder what Arch Crawford would say? We wonders Precious.
    Go Team Red? Wearing an I’m pissed campaign button.

    Blowin’ snot off white caps. Stew in slow cooker (num).
    Have a fine weekend all,
    Egor

  4. The precious metals guru that I quoted the other day regarding the price of Gold.., stated that he used several ‘underlying factors’ in his valuation.., one of those ‘factors’ that caught my eye was the loss of purchasing power of the U.S. Dollar. Not too sure just how you would do the math on that., but according to him, Gold should be over $4,000 an ounce., right now.
    – If you look at the chart for Silver., it jumped over 7.6% on Friday – pretty impressive.

    • Who cares? Fiat is in the midst of its final demise. Where else ya gonna go? It’s like deciding between Trump and the Evil Empress.

  5. Folks,

    Today is a historic day in Pennsylvania. Possibly the greatest since the state song “Pennsylvania” replaced its predecessor “Hail Pennsylvania” in 1990. The latter was based upon the national anthem of the Russian Empire, “God Save the Tsar”, penned by a son of the Maestro of the Imperial Chapel of St. Petersburg, and also composed an opera version of the mythological water nymph “Undine”.

    Here’s the batting order:
    (all times eastern)

    1./ 5:00pm President “Bunter” Biden leads off aided by pinch runner President Obama.

    2./ 7:00pm President Trump pulls back the curtain for Senate runner Oz.

    3./ 8:00pm World Series Game 6 Phillies at Astros who are ahead 3 to 2. It’s now or never, Philly, if you’re going to paint the town red!

    Find your seats fans. One imagines Minute Maid Park concessions promise ample supply of Chicken Waffle Cones.

    • The Philadelphia Phillies are in the World Series. Hold on to your wallets. If the Philadelphia Phillies win the World Series, prepare for an economic crisis.
      When Philadelphia baseball teams do well, in a pattern that has held for a century, financial markets tend to strike out. It started with the old Philadelphia Athletics (before they left town). Their 1929 championship preceded the stock crash and Great Depression. In 1980, the Phillies won their first World Series, and a recession raged right through 1983, when the team again got to the final round and lost. The Phils won the World Series a second time in 2008, and boom: a home-run financial crisis.

      • Home field advantages..

        Philly Phans – nobody likes us, and we don’t f-ing care.

        How’s was 2018? The year the Iggles &”the Philly special” spanked Tom terrific and the Patriots. Think the DOW pooped the bed the end of 2018..rut row,Zombies!

      • “The Philadelphia Phillies are in the World Series. Hold on to your wallets.”

        Also don’t forget to grab your extra heavy coat and a few blankets to.. ITS GOING TO GET REALLY COLD OUT WITH THAT HAPPENING……

  6. George

    Stay away from companies touting Quantum Computers. Their stocks will probably nose dive soon.
    Here’s the reason why. Go watch this 20 minute video. Well done, and the speaker is easy on the eyes and ears.
    On YouTube:
    The Quantum Hype Bubble Is About To Burst
    By Sabine Hossenfelder Phd

    Worth your time!

      • Ah yes!
        You know the Lady also.

        It seems that modern society has a problem.
        Anything New is perceived to be better than it’s predecessor and faultless.
        Many times that’s not so.
        Electric cars and Quantom computers seem to be in that group.
        They can invent better batteries for the cars but the power grid still sucks.
        Quantom Devices May be affected by consciousness on purpose or otherwise.
        If I had a Quantom computer on my desk it would soon die a horrible agonizing death without me using a hammer.

      • Rocket Mike,

        Ditto, here. Thank you for the informative read which leaves me curious about the quantum big picture eddies and leaps.

        One of Dr. Hossenfelder’s named funders is the Franklin Fetzer Fund. The late broadcast executive John E. Fetzer apparently owned the Detroit Tigers who came back from a 3 games to 1 deficit to win the 1968 World Series. Someone has digitized his library which looks to address “science and spirituality”.
        https://www.fetzerlibrary4.com

  7. “When we “loaded the boat” (literally, we were living on our sailboat in 2001) the one ounce rounds we picked up were going for $273 apiece.”

    Wish I could have done that when I bought my first ounce. I was in Singapore and had a wad of cash on me so I bought a Maple Leaf from the bank there for around $420 or so. It was a bit before gold bottomed out. My boat was the Kitty Hawk then so – lots of storage room. Dropped that sucker on the steel deck in front of my locker once and left a ding on the rim that’ll always remind me of that ship. My brother kept nagging me to go see it come in for its final scrapping but I couldn’t bear to do that.

  8. Gold in USD will fall with equities and cryptocurrencies.

    Current valuation low projected to be following a 23 October 2022 6/15/12/9 day fractal decay series matching a 16 September 2022 8(2/4/4 downing)/18/20 day sequence both ending 16 November 2022, and following a 24 January 2022 31/71/64/44 day sequence barring trading halts.

  9. With regards to home ownership, if you do what everyone tells you to do, you end up with a home which costs $250 sf, in a neighborhood full of sharks, with no hope of ever paying off the note.
    To get decent cash housing, first you must own land outside of a municipality and HOA jurisdiction. Then you must get utilities. All that is the hard part. It took me a decade to get control of a good homesite and get the utilities in. It took another two to three years to stick build a house, working weekends, vacations and holidays. You can shorten that with a double-wide, or perhaps a kit home.
    The point to this is, this sort of project takes determination, planning, commitment, and most of all, time. Money helps, I will admit. But you can work such a deal out of pocket.
    Last, you must keep your ego and unrealistic expectations under control. You are leaving the Joneses in the rear view mirror, not keeping up with them.

    • Where I live, it’s accepted that being off grid with solar power is less expensive than bringing in power from the utility company. My house is solar powered as is the well that I get my water from.

      My home is heated by wood, but I will admit that I still purchase propane for my water heater. In the Winter I cook on my woodstove and in the Summer, I have an induction cooktop that I use.

      Yes, it’s completely paid off. Yes, to live this lifestyle one might need to give up some of the conveniences of city life and pay attention to power consumption.

      • I use the term utilities loosely. I will acknowledge that there are alternatives to grid connection which are good in many areas of the country, albeit at a rather steep cost compared to the typically grid connection. Water is usually the harder thing to come by, especially in the western interior states. Septic systems can also be an expensive issue, depending on soil conditions.
        Building a house before you have the water supply taken care of is a major blunder. Many of the ghost towns you see in the west got that way because of either no water, or ground water contamination by things like arsenic. With the west drying up, west Texas cities which import water from Colorado or the Hill Country are in trouble.

  10. Gold jump off the Day, Week Demand box.

    An unknown entity bought 3,000 tones on Friday (that’s the annual amount that China and Russia mine each year in each country).

    And

    Gold now has a floor for its price thanks to the Dutch Central Bank prez. Guessing someone knew this was in the interview before it aired and acted on it. Funny how strange stories seem to be coupled with supply/demand boxes:
    https://www.zerohedge.com/commodities/governor-dutch-central-bank-states-gold-revaluation-account-solvency-backstop

    Wondering if the Astros were banging on any trashcans or had buzzing beads up the pants for sign calling this year. Congrats to probably one of the losingist (is that a word?) managers in post season play, Dusty Baker.

    • I think we’ve all maybe too easily discounted the concept that the red wave might work out. Maybe Wall Street knows something we don’t know? We do know they’re typically 6 months ahead of everything so maybe the Eagle will rise again after all.

      At least the Phillies lost so they’re removed as blame for 6 more years of a bad economy. Wait, I might be getting the Phillies winning the world series historically killing the economy and Pennsylvania’s Punxsutawney Phil, the ground hog, seeing his shadow and being blamed for 6 more weeks of winter, confused. Oh, never mind.

      Will gold and the Dow disconnect from each other the way Bitcoin needs to disconnect? Bitcoin is the Rodney Dangerfield of fiat…it gets no respect. In Rodney’s voice/cadence: “Tell you what, when btc gets to 12,000 I’ll start watching for it to bottom around 10k and buy some, close half at 20k and just sit on the rest…you know, just in case it actually works out that the govt doesn’t China it and shut the switch off on it.”

      What can I say, at least I didn’t waste the hour on here this morning…being we get an extra hour added to our day.

      • Crashbox,

        “being we get an extra hour added to our day.”

        Perhaps it’s somewhat in the same vein as an income tax refund – getting back part of what was originally ours to begin with?

        I was surprised to read on CBC that the province of BC passed legislation 3 years ago to go off changing the clocks twice a year, but was waiting for the states of Wa., Or., and Ca. to do the same before enacting the change. Apparently the US Senate voted last March to end the clock change. However the House Democratic Energy and Policy Committee is stuck in ways of the past with a year end legislative clock deadline approaching. How do any of us expect the world to rotate smoothly when everyone can’t even agree what time it is?

  11. lol, the House is, as always, trying to figure out a way to monetize it, climatize it, and politicize it. Or, maybe, the Senate R’s, realizing we’re all looking at treasoning them, decided to grandstand to try to get back in our good graces.

  12. I’m going with a deflationary crash on Gold, moving with the rest of the market like it usually does. If we see another wave down in indices to a new low, my belief is Gold 1580. Rally continues, and I say same for indices.

    So far, I’m getting the impression 2022 is more like 2007 than 2008. We spent nearly all of 07 forming a top. If that’s the case, 2023 is going to be an epic disaster before it wipes liquidity from both sides and crashes.

    I still have hopes for one more leg down this year, but don’t know if it will be to a higher low in the S&P500 to around 3500 or we hit my target near 3180.

  13. D Lynn the new guru plant !!! You were right about gold!!! Can you hold the market together !!!! I couldn’t give a flying f . Git gold git on . Shorts are boring rigged stuff !!!

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