News weekly : must read and consider - Saturday, January 23, 2021
- when $50 is finally taken out on the upside that’s when silver’s bull market begins. And when it does begin, what’s happened in Bitcoin is a similar thing I expect to happen in silver.
Planned in Advance by Central Banks - A 2020 System Reset
- 2020 Reset? A number of central bank gold repatriations mentioned 2020 target dates, as if indicating that they needed to be done by 2020. Just a theory, but this, coupled with behind the scenes gold redistributions, could be putting the pieces in place before a monetary system reset.
BIDEN WILL EXTINGUISH THE DOLLAR - Egon von Greyerz
- $100 in 1971 has been debased by 98% is impossible to tell since it is still called $100 although the purchasing power in 2021 is only $2!
- And this is how governments and central banks continually swindle their people by debasing their money without the people’s understanding or knowledge.
EU wants to shield itself from US sanctions & cut dependence on dollar
- Frustrated by US unilateral sanctions under the Trump administration, the European Commission is reportedly working on a plan to assert its financial and economic autonomy and limit the bloc’s reliance on the greenback.
The World Will Face A Series Of Collapses In 2021 - Egon von Greyerz
- INFLATION IS HERE : And if we look at general commodity prices – up 89% since April 2020 – they are telling us that hyperinflation is not far away.
Russian and Chinese Gold Reserves
- central bank gold reserves stay the same for December 2020
Russia for First Time Holds More Gold Than U.S. Dollars in $583 Billion Reserves
- A multi-year drive to reduce exposure to U.S. assets has pushed the share of gold in Russia’s $583 billion international reserves above dollars for the first time on record.
- Gold made up 23% of the central bank’s stockpile as of the end of June 2020
- The share of dollar assets dropped to 22%, down from more than 40% in 2018.
Banker Benjamin de Rothschild, owner of the Edmond de Rothschild Group, dies aged 57
- Chateau de Pregny(Rothschild Castle)
- son of Edmond and Nadine de Rothschild
My View (Trading ideas weekly)
Gold (XAU/USD Spot)
Buy, Entry 1849.4, Target 1919 (3.76%), Stop 1817 (-1.75%)
Silver (XAG/USD Spot)
Buy, Entry 25.35, Target 27.29 (7.65%), Stop 24.35 (-3.94%)
Platinum (CME NYMEX: PL)
Buy, Entry 1098, Target 1214 (10.56%), Stop 1053 (-4.1%)