1/22 Update; My thoughts on gold and bitcoin What’s ailing gold? I had a couple of readers ask me what I thought of gold. Since it has been counterintuitively struggling ever since the post-covid QE programs were announced, I wanted to provide you with some assessments. If you have been a long-time reader of my blog and research, you will recall that I believed that the prices of gold and silver were allowed to run up in 2010-11, so that they could be managed from higher levels. I even offered this theory in February 2013 on henrymakow.com, which I followed up with a stark warning to his readers again in early April 2011, a few days before gold’s epic crash below major support levels. (written under a pseudonym). In the case of gold, these parabolic increases allow the establishment to manage its price in a counterintuitive fashion to help hide their QE tracks. I also suspected that the sharp increases in late 2019-early 202o were not coincidental either. While the central banks crank out QE in their response to the manufactured covid crisis, the price of gold fades; albeit from a higher level. My main argument against bitcoin is that it has become a de facto replacement for gold, and if Bitcoin never existed I suspect that gold would be about $1,000 higher. Here is a Twitter post from Zero Hedge which discusses JP Morgan’s assessment of cryptocurrencies. https://twitter.com/zerohedge/status/1352456598661304320?s=09 I think it speaks for itself. You could easily take the word “cryptocurrencies” out and replace it with the word “gold”. Of this much I am sure, without Bitcoin gold would be about $3,000. The whole irony is this; I have to believe bitcoin greatly facilitates this current QE scheme. Most bitcoin bulls think it’s the other way around, but since it is becoming increasingly apparent Bitcoin was allowed to flourish, I have to believe it was a creation of our adversary. https://twitter.com/zerohedge/status/1352456598661304320?s=09 Please, don’t criticize me for thinking that I am bashing Bitcoin. I am not. I am just making the straight up observations on the obvious, rather than dancing around the elephant in the room.