reSee.it - Tweets Saved By @DonDurrett
@DonDurrett - Don Durrett - goldstockdata.com
Did you figure this out without any metaphysical knowledge (only analyzing economic data)? If so, I'm impressed. I use both. Everyone is f'd (if they want their current life to continue). Although, those who invest in hedges (gold/silver/miners/crypto) will feel wealthy. But what good is wealth if your lifestyle went bye-bye? The paradigm shift begins in 2024. It's end-of-era time. When we get to the end of 2024, everyone will wonder where we are heading. What everyone will clearly grasp is that we are getting a new normal, and won't feel as good as what we were used to. It won't feel good, because change is never easy. We are used to a functional government and a functional economy. That stops in 2024. Neither will go completely dysfunctional, but dysfunctional enough that we lose faith in both and begin the move toward something different. 2023 was the last normal Xmas and New Year for the current US era. Everything changes next year. If you thought 2020 was strange, the past three years were just warm-ups. No one really believed those three years were leading to a new normal. Once you know, you can't un-know. And in 2024, we will all know. A typical reaction will be, "Wow, it's over." Some will be in denial and will put it off until 2025. But the vast majority will know. What's over? America as we knew it. The old idiom to never bet against America ends in 2024. It will be a sad time, as we watch it falter. There is a happy ending, but it will take a few years before we begin to see the new path forward. The next 3 years will be the most difficult of our lives, and for some, the next 10 years will feel like a nightmare (because they will try to hold on to the past). The real changes begin in 2027, but the recognition that we are changing begins in 2024, and that won't be easy. This is when things begin to crumble before we can build something new. For more info, read my book: https://www.amazon.com/Path-Forward-Shift-Into-New/dp/0578713179/ref=sr_1_1?dchild=1&keywords=The+path+forward%3A+a+shift+into+a+new+era&qid=1593131194&sr=8-1
@DonDurrett - Don Durrett - goldstockdata.com
Let the predictions for 2024 (end of year) begin. I'll go first. 1) Gold: $2400 2) Silver: $50 3) S&P 500: 3250 4) DXY: 95 5) 10-Yr: 3.8% 6) Oil: $88 7) HUI: 500
@DonDurrett - Don Durrett - goldstockdata.com
When does silver and gold break out to $30/$2100?
@rpoquinn71 - Bidens SippyCup
@DonDurrett The next great PM bull market is always one quarter away. Always.
@AernoudtGunther - Gunther Aernoudt
@DonDurrett @MikeGil61338704 Can we pin this tweet?😉
@notabigdeal111 - 3 Aces
@DonDurrett $15
@DonDurrett - Don Durrett - goldstockdata.com
The early vote is in. 38% work on Wall St. 😂 There is zero chance that silver is below $30 in 2025. Zero. Remember Mark Baum in The Big Short. Zero! https://t.co/74agPTszNO
@rpoquinn71 - Bidens SippyCup
@DonDurrett @FMSilverCorp $100 silver is a joke Currently silver is <$23. A Big Mac in Connecticut is $18🤡
@DonDurrett - Don Durrett - goldstockdata.com
@tungasaurus $30 by March 31, 2024. $50 by Sept 30, 2024. Best guess.
@Jamie51521263 - Jamie
@DonDurrett @DoubleDRavioli I think we are heading to 5.5% before December and the dxy to 118-120 by March. The fed will say they remain “data dependant” and will not signal a cut until yields rise to unprecedented levels due to debt market instability. I dont see a fear trade to gold unless yields spike.
@great_martis - The Great Martis
The Great one's 2024 predictions. 1. Debt implosion of Europe . 2. Euro dollar collapse. 3. Mind bending U.S treasury demand 4. A Global deleveraging event. 5. China implosion 6. Death of bitcoin 7. Unprecedented USD demand 8. WW3 averted just (positive) 9. Global unemployment to rocket across the globe 10. Christmas cancelled God bless and Godspeed.
@mikealfred - Mike Alfred
Ethereum looks sick. The world computer and ultrasound money narratives have failed. Defi and NFTs have largely been abandoned. Vitalik and other insiders are looting the protocol and transactions are easily censored by governments. It’s a disaster. Today I am selling my ETH.
@toddoanthony - Todd Anthony
Unpermittable in Mexico under the current regime and likely for another decade or more.
@DonDurrett - Don Durrett - goldstockdata.com
Did you figure this out without any metaphysical knowledge (only analyzing economic data)? If so, I'm impressed. I use both. Everyone is f'd (if they want their current life to continue). Although, those who invest in hedges (gold/silver/miners/crypto) will feel wealthy. But what good is wealth if your lifestyle went bye-bye? The paradigm shift begins in 2024. It's end-of-era time. When we get to the end of 2024, everyone will wonder where we are heading. What everyone will clearly grasp is that we are getting a new normal, and won't feel as good as what we were used to. It won't feel good, because change is never easy. We are used to a functional government and a functional economy. That stops in 2024. Neither will go completely dysfunctional, but dysfunctional enough that we lose faith in both and begin the move toward something different. 2023 was the last normal Xmas and New Year for the current US era. Everything changes next year. If you thought 2020 was strange, the past three years were just warm-ups. No one really believed those three years were leading to a new normal. Once you know, you can't un-know. And in 2024, we will all know. A typical reaction will be, "Wow, it's over." Some will be in denial and will put it off until 2025. But the vast majority will know. What's over? America as we knew it. The old idiom to never bet against America ends in 2024. It will be a sad time, as we watch it falter. There is a happy ending, but it will take a few years before we begin to see the new path forward. The next 3 years will be the most difficult of our lives, and for some, the next 10 years will feel like a nightmare (because they will try to hold on to the past). The real changes begin in 2027, but the recognition that we are changing begins in 2024, and that won't be easy. This is when things begin to crumble before we can build something new. For more info, read my book: https://www.amazon.com/Path-Forward-Shift-Into-New/dp/0578713179/ref=sr_1_1?dchild=1&keywords=The+path+forward%3A+a+shift+into+a+new+era&qid=1593131194&sr=8-1
@DonDurrett - Don Durrett - goldstockdata.com
Let the predictions for 2024 (end of year) begin. I'll go first. 1) Gold: $2400 2) Silver: $50 3) S&P 500: 3250 4) DXY: 95 5) 10-Yr: 3.8% 6) Oil: $88 7) HUI: 500
@DonDurrett - Don Durrett - goldstockdata.com
When does silver and gold break out to $30/$2100?
@DonDurrett - Don Durrett - goldstockdata.com
Silver monthly chart. This baby breaks out from its 12-year correction in the next 1-4 months! 🧐🍿💰👀 https://t.co/6kvs4nNKLN
@DonDurrett - Don Durrett - goldstockdata.com
The early vote is in. 38% work on Wall St. 😂 There is zero chance that silver is below $30 in 2025. Zero. Remember Mark Baum in The Big Short. Zero! https://t.co/74agPTszNO
@DonDurrett - Don Durrett - goldstockdata.com
@tungasaurus $30 by March 31, 2024. $50 by Sept 30, 2024. Best guess.
@DonDurrett - Don Durrett - goldstockdata.com
I've been writing the GSD newsletter monthly for a decade, and it has always been focused on macro and where gold is heading. I have never felt this right before. At the end of August, I wrote that it begins in September (the final capitulation), and I still believe that. The macro and technicals are aligned, IMO. The stock market had its 9-month deadcat bounce that ended at 4606 in August. Then, a quick reversal to 4200 (almost touching it this week) in September. Now we get a short-lived bounce (perhaps to 4400 or 4500), then a final breakdown. That's how I see it. The macro is even more powerful than the technical setup. Banks are wobbling. Interest rates are high and will remain high. Consumers are tapped out. Plus, the Fed seems to be the cheerleader for this recession. I've never ever seen a recession setup this strong. And here's the takeaway: the US economy cannot afford a recession because there is too much leverage. The fear level is going to explode when the recession begins. I think it will be higher than 9/11 or 2008 by June. This fear will propel gold well above $2K next year.
@DonDurrett - Don Durrett - goldstockdata.com
@reSeeit
@DonDurrett - Don Durrett - goldstockdata.com
Yep, my thesis. And why I own PM miners. Well said. Note: We don't need this to happen for gold to take off. Only for it to begin. Few realize this, and why HL is trading at sub $4, when it should be trading at $10 in anticipation of what's coming.
@DonDurrett - Don Durrett - goldstockdata.com
What I have learned buying PM miners for 20 years: Now is not the time to be on the sidelines waiting for better entry prices. Now is the time to be smart and buy to the bottom. You can't pick bottoms, but you can anticipate them. Once your gut tells you that we are close to a bottom, that is when you buy to the bottom. That time is now. Steadily buy as stocks drop. For instance, Avino at .45, .35. .25. Coeur at $2.20, $2, $1.80. If you do this, you will catch some bottoms. Big corrections are rare, and that is when you get your best entry prices. That is when you can buy quality on sale.