W/C 24th Mar - Get your Plan B in place NOW because there is social, economic and financial turmoil ahead!

In times like this it pays to be Contrarian and to skate to where the puck is going!

As usual, my apologies if any data and/or information has changed as a result of Asian/early European trading.

UK Plan B Fails including Heathrow + Energy

Plan B is useful for everything from a 2nd passport all the way through to levels of national security. The UK provided a very good example over the last few days of a Plan B fail!

Heathrow Airport (London), one of the busiest airports in the world, ground to a halt for most of Friday due to a fire at an electrical substation nearby.

What was surprising is that the Russians were not blamed for this fiasco. What is also undetermined at the time of writing this is if it is true that the backup generators (or energy supplies) had been changed as a result of ‘Net Zero’ policies. If that was indeed the case then that is a complete fiasco to say the least. It seems as though a major airport did NOT have a well thought out Plan B!

The UK can say all the words that it wants. At the end of the day the UK is being run by a bunch of people that really have no idea of Energy Security or do want to fathom any ideas of true Energy Independence. A sentiment that I am sure that

Robert Bryce

echoes, given his recent series of lectures to UK audiences.

War

The UK + EU are really pushing for war in Ukraine. They want it. They need it. They will do it and then cover it all up by introducing a ‘Digital Euro’ later on in the year because that will indeed save the people!

Headlines like the one above do not help.

A lot of turmoil is heading our way. Recent podcast guests have echoed this sentiment. A couple of ways to protect yourself would be to look to take a position in physical Gold (and likely Silver and Platinum) as well as looking at getting a Plan B as soon as possible.

Recent podcast guest

The Macro Butler

and I discussed these subjects.

GOLD

As usual, my apologies if any data and/or information has changed as a result of Asian/early European trading.

Gold might take a few days to breathe this week. This is because the DXY is making a relatively weak attempt to rebound. With ‘Liberation Day’ in the USA on Wednesday 2nd April, this could provide extra fuel to the fire for both Gold and Silver.

We have seen that the major markets do not like turmoil and uncertainty. Tariff implementation as part of ‘Liberation Day’ should provide quite a dose of both!

1 Hour Chart shows that early Friday could have been a ‘Buy the Dip’ opportunity. Time will tell.

SILVER

1 Hour Chart for Silver is a bit different from Gold. It is showing as slightly oversold. As with Gold, there could have been a ‘Buy the Dip’ opportunity on Friday but a higher DXY this coming week will likely put pressure on Ag.

Let’s have a look at HYG, the DXY, VIX + the US Indices…….