The precious metals market is poised for a massive bubble, with potential for gold prices to reach $4,200+ by year-end, driven by lack of public participation and potential institutional investment.
Despite gold’s price increase, the daily sentiment indicator (DSI) shows more sellers than buyers, indicating a long way from correction and potential for further growth.
The Strait of Hormuz is a critical geopolitical powder keg that could trigger a global energy crisis and massive price increases for gold and silver if disrupted.
The global debt system is collapsing as power shifts to the global east and south, with US debt alone reaching $102 trillion.
The relentless gold rally is driven by central banks hoarding gold, major banks pushing 60/20/20 portfolios heavy on metals, and resource nationalism igniting a mining super-cycle.
The DXY has dropped 11% since Trump took office, with expectations to fall further to 90, as Trump’s weak dollar policy conflicts with the Fed’s goals.
The US is potentially on the brink of revolution or melt-up due to economic vulnerability, military deployments in Portland and Chicago, and the risk of civil unrest involving 15-25 million illegal immigrants.
Resource nationalism and the US scramble for metals in a bifurcated world have kickstarted a new mining boom, supported by the Trump administration’s pro-mining stance.
Gold has surged 11% in September, eyeing the $4,100 target, while silver rallies toward 2011 highs with potential to test $85.
Bitcoin shows potential for another big breakout, with Fibonacci extension targets of $139,000 to $160,000 based on the current push.
The uranium sector is in a strong bull market phase, with a bull flag pattern ready to pop and push 15% to 23% higher based on Fibonacci targets.
Gold is expected to reach $4,100 by year-end, with a tight sideways pause over the last three days, primed to pop to this level any week now.
The monthly chart of Bitcoin is breaking out with big series of bull flag patterns pointing to higher pricing, potentially pushing up to $135,000 next.
An opposite divergence in uranium, where pricing pulled back while stocks take off, suggests uranium stocks will push higher before consolidating.
The precious metals space is experiencing a “perfect storm” with increasing volatility, characterized by waves of selling and FOMO buying.
GDX and SILJ are going parabolic, indicating that silver and gold miners are moving higher and serving as good indicators of market momentum.
The Western psyche is characterized by a “perennial primordial lack” that fuels constant striving for aims and goals, driving innovation and progress but also leading to perpetual dissatisfaction.
Individualism is a core Western value, with emphasis on developing one’s “idiosyncratic side”, and suppression of this impulse can manifest as addictions, neurosis, depression, and anxiety disorders.
Westerners have a unique affinity for the material world, evidenced by the birth of modern science in the West and the cultural emphasis on technology and physical beauty.
The Promethean impulse in Western culture drives constant creation and discovery, resulting in technological advancement but also contributing to historical atrocities like colonialism and nuclear weapons.
Realizing Western identity involves connecting with one’s inner “daimon”, an impersonal will that guides individuals toward their archetypal identity and unique purpose.
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