QUESTION: Marty, it seems that the September panic was on the upside, and it additionally seems to be a turning level. It seems like it could be a excessive within the Dow and Gold on a closing foundation. I need to say, it’s far simpler to see now that this election stands out as the final. Does making a panic to the upside and a excessive dovetail right into a struggle state of affairs you’ve got been warning about for the election?
Kerry
ANSWER: I laid out the dangers in gold on the non-public weblog. Sure, the Panic was to the upside (see Glossary), and you’re appropriate; this doesn’t bode effectively for the close to future. A Panic to the Draw back would have supplied a shopping for alternative in October, however this sample is sending up a pink flare. A Panic to the Upside is a transparent warning that the sample unfolding could be very critical, and it certainly consists of the excessive chance of main civil unrest that may damage home markets as no person will settle for the end result. The issue now we have is what I warned about all through this yr. There stays a threat that our Neocons concern a Trump victory and are pushing for struggle earlier than the Election.
Israel attacked a Russian airbase below the pretense that Iran dropped off provides there for Hezbolla. Our workplace in UAE has reported that Russia has warned all Russians to get out of Israel ASAP. In the meantime, Russia is popping up the warmth in Increasing in Ukraine. Zelensky despatched a power to invade Russia in hopes that they might assault something in NATO to assert Russia was the aggressor. Putin is just not silly.
Zelensky’s Victory Plan is to make use of long-range missiles to wage a full-scale struggle on Russia to destroy as a lot as attainable previous to a NATO invasion. I’ve warned that Putin should reverse his place and take this struggle critically as a NATO invasion or be overthrown by the Russian hardline Neocons. Our mannequin focused October for this, so now we have simply seen Putin reject peace negotiations. He has been compelled to see actuality. He has licensed glid bombs launched from plane, however he might also use the Father of All Bonds, which is the biggest non-nuclear weapon that has the affect of a small nuke.
Our workplace within the UAE is reporting that whereas Israel attacked the Russian airbase, it looks like the folks of Syria are break up on whether or not they like Assad or not. The Kurds are in opposition to Hezbollah/Iran/Russia and had been fairly blissful Israel took out Nazrellah. Iranian Khomani spoke to unite the Muslims in opposition to Israel. Our workers there commented that it looks like it’s going to kick off when Israel assaults Iran.
It’s a vacation in Israel this weekend, so it’s regular to go quiet. Nonetheless, Biden did reply to a query if attacking Iran’s power facility is probably going. He mentioned he was in dialogue with Israel, thereby confirming that the US is concerned strategically. That was not very good. That assertion confirms to the Arab world that the American Neocons are concerned.
The opposite facet of this identical coin is that Iran might additionally shut down the Strait of Hormuz, which might ship power costs sky-high within the West utilizing oil as a weapon, as was the case through the Seventies. It was October seventh, 1973 when Iraq nationalized the holdings of the 2 U.S. oil firms working within the Arab nation, Exxon and Mobil. They did so to point out help for Egypt and Syria of their struggle in opposition to Israel.
This was 51 years in the past. Our fashions present that Crude is prone to press increased, however will probably be in 2025 once we see the annual stage change into a grave difficulty. We may even see a disaster in power by March 2025 changing into apparent.
Panic Cycle – Usually, a Panic Cycle is one thing that may exceed the earlier excessive and penetrate the earlier low. It can historically take out each earlier session occasions. Nonetheless, it will also be simply an excessive transfer in a single course, which is commonly indicated by opening above the earlier excessive or beneath the earlier session low.
