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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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  • The mainstream (corporate) media is nothing less than the unofficial accomplice of the banking crime syndicate which is running/ruining our markets and economies. Nowhere is this despicable relationship more apparent than in its deliberate efforts to grossly misinform investors on the critical subject of risk.

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  • The business of investing rationally becomes problematic when market participants are pursuing maximum nominal returns without a second thought as to the real (inflation-adjusted) value of those returns and the location of the savings.

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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.

    Sprott

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Euro and €-Gold

euro5Updated December 5:  Gold has completed and broken up out of a bullish wedge, a dramatic BUY signal it is.

Remember this is a CURRENCY WAR...and a synthetic Dollar Shortage (see Dollar Fundamentals) which could be followed by a real war. The Cyprus holdup was a test case and a similar happening can be seen in Europe (Greece?!) any day now... Also, one may NOT forget that the Middle-East War and the inflow of refugees in Europe are part of the BIG picture.

European Authorities can now LEGALLY steal bank deposits and block the withdrawal of smaller amounts. Because of the Bail-In legislation any depositor has become a creditor ! Hence the € 100,000 guarantee/insurance is a worthless JOKE.

The role of the Gold Standard is momentarily played by the US-Dollar. For European countries to grow again, they MUST leave the Euro and Euro-zone.

The ECB doesn't have the flexibility the FED (Federal Reserve) has. However to bail out Greece, Portugal, Italy AND the EU AND it's Banks, they use exponential amounts of Fiat Money armed with DERIVATIVES and with Credit Default Swaps. It is clear those guys have lost any common sense. SWAPS and DERIVATIVES work in the short run but they make the Global Financial System even more explosive.

Europe and the Euro are BANKRUPT and now it's just guessing as to WHEN the final act (the black Swan) will land. DO NOT DELAY action... and be advised the authorities will take all they can on their path to death. Having said this, a Major Crash has never been forecasted by the Media/Press. On the contrary, they are excellent contrary indicators! Before the END GAME breaks loose, expect to see the Authorities do ANYTHING in order to let the Euro (and Greece, Portugal...) survive. The fact that Germany, Poland and soon also Switzerland are repatriating the national Gold holdings may indicate that we may see severe problems with the US-Dollar first. Very hard to write a scenario. Like things look now (June 2015) the Euro may run into problems first. The endgame however has still not been played yet...everything is possible!

[Most Recent Quotes from www.kitco.com]

eGold pf3

eGold month
Special ratio PF chart for Gold with BREAKOUT and Positive Backtest..

- The Euro-Dollar exchange rate is like the Devil dancing in holy water....During the process, a LOWER gold price can be overcome by a CRASHING Euro. This is a normal phenomenon during a DELEVERAGING process.
- The single currency is functioning so brilliantly, its vulnerable members (Greece, Italy, Ireland, Portugal, Spain) are sliding towards bankruptcy. There is no way the Euro and the EU (a complex society) will or can survive expensive energy!
- The Euro is not like the dollar in the least. Each country retained their identity, but abandoned their currency without realizing they were in fact surrendering economic sovereignty. Capital is by buying German debt in Euro's forcing the Euro higher while in fact making repayment for the weaker countries (FPIIGS) even worse. Instead of devaluating the debt, it is in fact appreciating at a time when the economy of the EU is declining. In other words, a story with a bad ending.
- The demise of the euro and the return of national currencies will allow for proper allocation of investments and resources. It is the best thing that could happen for the markets.
- Gold however is still number one and Silver number two! Hence one must use Fiat currencies to store short term cash only AND hold Gold as security/real money.
- The special ratio PF chart for €-Gold shows a BULLISH WEDGE and on the monthly Euro-Gold chart (to the left), the price is supported by the Long Term Moving Average.


€ - Gold All time high (Oct 1, 2012)
Bullish Target € 1280 - € 3200
Resistance € 1220 - € 1380
Support € 1080
Bearish Objective € 920
Technical pattern Breakout & Uptrend

We started to advise to buy Gold in 2001/2002. - click on the PF chart below  for the long term channel WITH target !

eGold pf1

Short term candle Chart comment
eGold candle1
  • Jan 4, 2016: BREAKOUT on the short candle
  • Mar 2 - 22: Positive BACKTEST = BUY the correction !
  • July 20 - August 16: ongoing correction - add to your positions.
  • Feb 1, 2017: short candle points to HIGHER Euro-Gold
  • May 18 - June 7: a BUY it was and is....see the trend channel on the Long term Candle. Target is € 1320 - € 1380
  • August 27: about to break the € 1080 resistance level and a STRONG BUY.
  • Nov 22 - Feb 12, 2018: Gold has no way to go but UP !!!
  • May 2 - 29: €-Gold has in fact BROKEN UP of a Triangle Formation - we have a breakout and a positive BACKTEST.
  • Aug 10: the good news is that Erdogan and the Turkish Lira made Euro-Gold breakout of the mature Bullish Wedge!!
  • Aug 17: CRITICAL - a support level has been broken!! either price reverses the coming days, either Gold may kiss €920 (not plausible but possible)
  • Sep 8 - Oct 4 : Bottom formation and Bullish Technicals and Bullish Divergence....(short candle) - potential BEAR TRAP + STRONG BUY.
  • Nov 5 - Dec 5: both the 50 day and 200 day Moving Averages have been broken = extremely bullish picture!
  • Dec 5: Short term target is € 1.120,0
Long term candle
eGold candle2


The Euro - Dollar : Euro is up and Dollar is down.


  • The ECB and IMF have BROKEN the back of the Euro Camel...You have to be out of your mind to stay invested in Euro's after what happened in Cyprus and what is happening in Greece. Amazing is that the Euro remains so strong versus the US-Dollar...or does this happen because the US-Dollar is in more trouble than the Euro!?
  • The European Central Bank put a floor under the euro zone by agreeing last month to buy unlimited quantities of bonds of any troubled member state that accepts the conditions of a bailout program. ECB President Mario Draghi made clear the bank will use all its tools to defeat anyone betting on a break-up of the monetary union.

  • Germany is repatriating its national gold and I expect other EU-countries to follow (Switzerland too) . This action changes in an important way the end scenario for the Dollar and the Euro. European are by doing this adding REAL MONEY to their monetary system which could now well be able  survive (under certain circumstances)  if there is a Hyperinflation in the USA.. Having said this, nor the US-Dollar nor the Euro are safe currenies. Use the Aussie, Can Loonie and Swiss instead.

€uro-Dollar-Index: in 2019 the ECB and the EU will be controlled by Germany!
[Most Recent Exchange Rate from www.kitco.com]
Bullish Objectives $1.38 - $1.48
 

XEU pf1 Euro-Index

Resistance $ 1.18 - $ 1.22
 
Support $ 1.12 - $ 1.05
 
Bearish Objective $ 0.82  
Technical Pattern
Euro vs. Dollar :
= sideward 
     
XEU candle1 XEU candle2 XEU month
Short Candle Long Candle Monthly
   
EURUSD pf1
Short Term Candle Chart comment
XEU candle1
  • Jan 4, 2016: Support ($ 1.08) is holding well...
  • Dec 12: the Euro is a CLEAR BUY at present level - Triple Bottom
  • Jan 26 - Feb 1, 2017: - candles point to a HIGHER Euro
  • March 4 - 21 - April 26: BULLISH IT IS!
  • Jan 4, 2018: running into minor resistance
  • May 2 - May 29: Pull Back-Back Test...support is 1.16 - 1.12. See candle. Euro is strongly OVERSOLD. € 1.12 is support and maximum activity line.
  • June 15: if the Euro breaks the 1.14 and the 1.12 level these coming months...it's gonna be bad, bad, bad!
  • Sep 26: Looks like the Dollar/Euro will move sideward during the coming weeks/months...expect a slightly stronger Euro.
  • Nov 5: let's see what happens end of 2018....
  • Nov 13: Strong Support!
  • Dec 5: Bullish Divergence (see candle)
Long Term Candle
XEU candle2
Real value of the Euro
Lt chart with bullish divergence - resistance level is $ 1.22
Silver and the Euro....a marriage?
XEUGOLD month XEU month LT Euro and silver oct10

Why would one hold Fiat dollars and/or Euro's? The Nominal Yield is almost zero and lower than the official inflation rate, the Stock Market is collapsing….Real Estate is collapsing…The Banking system is in trouble...The bulk of derivatives is labeled in Dollar... imagine what can happen if the Chinese stop buying dollars...and this is exactly what they are doing. Check our investment table for the Fiat currencies we think are far better...more

The Euro is just like the Dollar FIAT PAPER MONEY worth ZERO. However it takes time before the Herd stops believing the Propaganda and static delivered by the Talking Heads and Authorities and becomes aware of this huge Ponzi scheme [Madoff was jailed for what they are doing]. Remember Fiat paper money is not only paper, it is also DEBT. By holding on to it, you hold on to somebody else's DEBT...The Euro is a complex fiat currency, the result of a complex society (the EU) and controlled by the ECB. According to Tainter it will not survive the rising cost of energy. Stronger Fiat currencies are the Canadian Dollar, and the Australian Dollar. Important is to know that there are A LOT MORE DOLLARS which can be sold than Euro's.

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