The year 2019 unfolded just about as predicted in our annual look-ahead post entitled "2010+9". And that's nice. But it's all for naught if we fail to correctly forecast where we go from here. With that in mind, here's a first look at what to expect in 2020.
And not just for high winds. It's going to be a long and volatile week and, of course, it's not how you begin the week that matters. At the same time and looking ahead, no one knows how the entire world may look by week end so let's be sure to stay alert and aware.
There's so much to discuss today, I'm not really sure of where to start. We've got major war tensions, a surging gold price and some recent US economic data that was truly awful. So, let's get started because the hour is getting late.
I suppose we have to start with the airstrike that...
Well, here we go. A new year and a new decade. And it begins with the same manipulative, fractional reserve and digital derivative pricing scheme. However, will it end with the same scheme in place? Some of the usual datapoints certainly give you pause to wonder.
With just one, holiday-shortened day to go, it appears that Comex gold and silver will actually finish 2019 with "the best annual gains since 2010". That was a bold forecast when we made it back in January. That it has turned out correct brings more relief than satisfaction.
Last week, I recorded a segment with Dave at the X22 Report. It was a wide-ranging discussion and it's particularly timely given the strong rallies we've seen in the metals and miners since it was recorded. If you have some time, you should be sure to give it a listen.
The price range for Comex Digital Gold has gotten even tighter today with a range thus far of just $4. Now that the total open interest numbers are in, we can begin to see the forces at work behind the scenes that seem desperate to keep CDG from breaking out above $1485 and its 50-day moving...
It's almost as if everyone is so fed up, sick and tried of 2019 that we all can't get it over with fast enough. Volume, excitement and volatility are all seeming to reach to new lows as traders get ready to take some time off to end the year.