John Rubino and Kerry discussed the recent highs and lows of the gold and silver market, with Rubino explaining the concept of resistance and support in trading. They speculated on whether gold will drop to $2000 and bounce back up, which would indicate a bull market. Rubino also mentioned the macro reasons for a possible recession and how it could affect the precious metals market, with Lutz suggesting that this could be a “back up the truck moment” for buying gold. They also discussed the potential impact of ETFs on the cryptocurrency market, with John suggesting that the ETFs could be a significant new source of demand that sends Bitcoin and Ethereum up dramatically.
The conversation also touched on the possibility of a false flag attack in the Middle East to justify going to war, with Rubino expressing concern that some in the US government would like a US-Israeli alliance to destroy all perceived enemies in the region. They both urged caution and verification of any information coming from the government. Additionally, they engaged in a lively discussion about the upcoming election and the various scenarios that could occur, including scandals, health emergencies, and convictions. Overall, the conversation highlighted the unpredictability and uniqueness of the current political and economic climate.
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