In the USA, politicians from both major parties are loudly calling for further economic stimulus programs. The talk is again gigantic amounts in the range of 1.8 to 2.2 trillion dollars.
We are in a world economic crisis
You don’t really need to know more about the real state of the economy. Because a halfway healthy economy naturally does not need any government stimulus programs, especially not on this scale. The message expressed here is: We are in the early stages of a global economic crisis, despite all political whitewash and sanctification.
The debt orgy should go on at all costs
All the established parties on both sides of the Atlantic are obviously in agreement: the unrestrained (national) debt orgy should continue, no matter what the cost. The central banks with their money printing machines are to take over the financing of ever higher government expenditures, and there is general agreement on this point as well. And that the US central bank, the Fed, is ready for this, its president Jerome Powell has already made it unmistakably clear.
The completely dubious monetary and national debt policy should and will continue, I have no doubt about that. This means that you as a saver with negative interest rates and the highest possible inflation should be gradually expropriated in the coming years. That is the perfidious plan of politics. The economy is reacting, as you can already see from the cancellation of the premium guarantee for life insurance from AllianzLeben. And thats just the beginning.
Grist to the mill of the bull market in precious metals
Fortunately, you do not have to submit to these machinations without complaint. Instead, you can protect and increase your prosperity and wealth by making the right investment decisions: with gold and silver you protect your wealth from the consequences of this policy, and with selected mining stocks you can even generate price gains.
My analyzes leave no doubt that the precious metals markets are in the early stages of a long-term bull market. On the following chart you can see the ordered upward trend of the gold price. For a few weeks now, a completely normal and harmless correction has been going on here, which will be followed by another strong upward wave.
Gold price per ounce in $, 2018 to 2020
The correction of the past few weeks is not quite over yet. One thing is certain: it will be followed by the next strong upward movement.
The next tactical buying opportunity is imminent
When the gold price rose to over $ 2,000 an ounce in early August, it reached the second upper band of my price range indicator for the first time in this bull market, as forecast by my models. This signaled the beginning of a correction. This correction, which began shortly afterwards, is slowly coming to an end. My price range indicator has not yet given the next buy signal. But everything speaks for the fact that this will happen in the coming weeks.
The importance of these signals affects the entire precious metals sector. In particular, I use our price range indicator to identify excellent buying opportunities in selected gold mining stocks. Here you have chances of exceptionally large price gains that you should not miss.
Of course, the price movements of the mining stocks are not exactly the same. Some end their consolidations earlier than the gold price, others later. In the meantime, the first mining shares have given new medium-term buy signals again. You can find out which gold and silver mining stocks you should buy now in my stock market letter Crisis-proof investing – now for 30 days free of charge.
I wish you a nice weekend,
Claus Vogt, Editor-in-Chief of Crisis-Safe Investing
P.S .: Read also why the stock markets have probably just reached a very significant upper turning point and how you can benefit from it too.
P.P.S .: If you want to get through this crisis week after week, please request the free Claus Vogt market comment here today easily with your email at.
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