Patrick Karim: USD on Verge of Collapse
Tom welcomes Patrick Karim back to the show to discuss his latest charts. Patrick is a proprietary capital manager and chart trader.
Patrick discusses his recent silver targets and why it’s hard to predict over the short-term. Silver is a beast, and if you’re not careful, it can tear you up. You need to know when and where to take profits. It’s essential to build evidence with charts, and then you hopefully will understand when it goes parabolic.
He looks at the long-term chart patterns for silver and where we are today. For him, the silver play is to try and find the top and get out. The monthly six-month moving average gives crucial information for when to enter the market. Previous patterns can help predict future possibilities with silver. By the chart, silver indicates that it could peak around $100 by 2023-2024.
Patrick discusses how gold tends to peak at the same time as real rates. He makes some predictions about where we may be heading.
Patrick lays out some thoughts for where gold may head over the next five years. He says, “Don’t buck the trend just because you want to be a contrarian.”
Lastly, Patrick discusses the recent breakdown in the dollar and why it looks like more trouble for the US Dollar.
Time Stamp References:
0:00 – Introduction
0:35 – Crazy Silver Markets
4:15 – The Move Down in Gold
7:40 – Silver Monthly 1970-1975
10:02 – Silver Monthly 1975-1980
10:52 – Silver Monthly 2008-2012
12:22 – Silver Monthly 2018-2020
14:33 – Real Fed Fund Rate
19:10 – Gold Yearly Log
23:41 – Silver Yearly Log
25:10 – Gold/Silver Ratio
28:45 – Sugar Chart
31:10 – Copper & Silver
33:10 – Bearish US Dollar
Talking Points From This Episode
- Silver and when to look for an exit.
- Silver could reach $100 by 2023-2024.
- Gold vs. Real Fed Rates and potential targets.
- US Dollar Breakdown.
Patrick Karim is a proprietary capital manager and chart trader since 2006. Patrick’s background in commerce, psychology, and an ongoing career in systems engineering has allowed him to evaluate trading scenarios systematically.
His psychology background helps him understand the human factor: overcoming stress, which is mostly responsible for maintaining a successful career.