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  • The majority is never right. Never, I tell you! That’s one of these lies in society that no free and intelligent man can ever help rebelling against. Who are the people that make up the biggest proportion of the population — the intelligent ones or the fools? I think we can agree it’s the fools, no matter where you go in this world, it’s the fools that form the overwhelming majority - Henrik Ibsen.

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  • Comparing the currencies is like picking the prettiest horse in the glue factory. The history of all fiat currencies shows they all end up being valueless. Gold’s nobody else’s liability and it has no counterparty risk. It’s provided protection against destruction of wealth for centuries and we’re at the cusp of another major chapter in its illustrious history.

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British Pound & Gold

February 5, 2020 - Gold in British Pound: BULL RUN.

"Fortunes to be made and fortunes to be lost...Off course, those who (as advised) converted their paper Pound holdings into Real Sterling or Gold, have (like Iceland people were) been saved of this massacre."

£-Gold - note the slight price divergence between the Kitco quote and the Gold/Pound ETF ratio!
great britain [Most Recent Quotes from www.kitco.com] Bullish Objective £ 1680 - £ 2280
Resistance £ 1680
Support £ 1180
Bearish Objective £ 1020
Technical Pattern end of backtest & new breakout

PSGOLD pf1

Short Term Candle
Chart comment
 PSGOLD candle1
  • June 6, 2015: PS-Gold is ready for a new Bull Run
  • Dec 2: Remake of the August ABSOLUTE Bottom
  • Jan 6, 2016: BEAR TRAP = extremely bullish
  • Oct 7 - Oct 27: running into the resistance of the 2011 top...
  • Jan 8 - Feb 4, 2017: Positive backtest and bull run
  • July 27: a SCREAMING BUY
  • August 10 - Sep 12: bullish it is. Only Britons with GOLD are SAFE.
  • Oct 10 - Jan 5, 2018: only 13% to go for all time high & front page news.
  • May 3 - August 7: Target after the breakout is £ 1,680
  • Jan 15 - June 8, 2019: we have a positive BREAKOUT and Backtest...next challenge is All-Time High.
  • August 1/14: Breakout and new record high.
  • Dec 13: Bouncing up a strong-double-support level: a STRONG BUY.
  • Jan 3 - Feb 5, 2020: end of backtest and beginning of new bull run.
Long Term Candle
PSGOLD candle2

Special Scale PF-Chart with £2,280 Target


 [Most Recent Exchange Rate from www.kitco.com] £/€ £/$
Bullish Objective
€  1.32
$ 1.68
Resistance € 1.18
$ 1.38
Support € 1.04 $ 1.22
Bearish target
na
na
Technical Pattern Bottom - bouncing up
Bottom - bouncing up

British Pound in US Dollar - we have a BREXIT...with BoJo's election victory, January 31, 2020 will be the big day!


FXB pf1

Short term candle
Chart Comment
 FXB candle1
  • Jan 6 - Feb 8, 2016: BEAR trend resumed
  • June 2: still in a short/medium term BEARISH trend.
  • June 24: a BREXIT and a STOP LOSS!
  • Jan 8, 2017: Bullish Wedge maturing?
  • July - July 27 - Aug 10: TREND REVERSAL!?
  • Jan 5 - 16, 2018: and the Pound has to break 1.38 to reverse the trend.
  • July 3 - Aug 7: this starts to look like a new STOP loss
  • Sep 10 - Oct 9 - Nov 7 - Dec 7: BEARISH it remains.
  • Jan 15 - Nov 9, 2019: Sideward + Bottom + support of 200 & 50 day averages.
  • Dec 13: Bouncing up...happy about BoJo's election victory and the upcoming Brexit...and a potential breakout versus the Dollar.
  • Jan 3, 2020: Positive election outcome and Brexit planned for end of this month. However, one should NOT expect a much stronger Sterling.
  • Feb 5: Sideward
Long term candle
FXB candle2


Pound Sterling and the euro

Britain on the Path to Bankruptcy. This is clearly visible on the £ Gold chart. British citizens must be holding on to Gold. Britain's deficit is one of the worst in the World...

eFXB pf1

Short term candle
Chart comment
eFXB candle1
  • Jan 6, 2016: Bearish it still is
  • Feb 8: so as the Sterling goes, goes the US-DOLLAR
  • Oct 7: STOP LOSS...but too much, too fast and too deep.
  • Nov 21 - Jan 8, 2017: sure looks like a BEAR TRAP
  • Aug 24-Sep 12: Break Down and BEAR TREND CONFIRMED!
  • Oct 10 - Jan 3, 2018: or a BEAR TRAP?
  • Jan 16 - Mar 9: note target on PF-chart is 106 to 98
  • Aug 7: lower it will go...
  • Oct 9 - Dec 7: The Pound Sterling could well be bottoming out...!!!
  • Jan 15 - Feb 8, 2019: Sideward
  • March 9 - April 8: Breaking out versus the Euro?
  • May 18 - Nov 9: Back on support level - sideward
  • Dec 13 - Jan 3, 2020: a BoJo-Brexit-Victory and a potential breakout vs. the Euro
  • Feb 5: Oversold and Sideward.
Long term candle
eFXB candle2

The victory of BoJo changes the picture and we may finally see a Brexit end of January 2020.

Subsidy of Agricultural products was not allowed at the time of the EEC...

Britain will at some point default on its debts to foreigners (as it has done at least twice before), this is INEVITABLE because ALL countries eventually DEFAULT on their debts, it is only a question of when i.e. in the next few years or delay bankruptcy for many decades and therefore results in the relative risks of default which the market prices. INFLATION is a symptom of the trend towards bankruptcy as it is a measure of the continuous COMPOUNDING loss of purchasing power of the currency. The best that governments such as Britain have been able to achieve is the slow stealth trend towards bankruptcy where people don't realize the loss of purchasing and wage earning power over time. However, with government debt heading towards 100% of GDP, Britain looks set to leave the stealth trend towards bankruptcy behind and about to accelerate a few notches higher which risks igniting a wage-price spiral that ultimately ends in a hyperinflationary bust.


  Copyright, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic (29 jan 2018)

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