It’s not enough to say the markets are feeling downright nervous because these moves are turning into brute force with MASSIVE REPRICING, and today, there is major movement in the dollar, gold and silver…

The dollar is down to new lows and now with a 91 handle:

 

 

 

We wonder where the support is when the dollar took off from 80 in June, 2014:

 

 

Gold is the safe haven of choice:

 

 

And silver is the safe haven of choice on steroids:

 

 

Here’s what is necessary to keep in mind:

Silver: 

Looking at the daily on silver, there is some resistance around $18.25, and major resistance around $18.50. Seeing that we have just shot up a greenback in a couple of days, this does not mean we will just storm the lines and over-run the resistance. Good news is that since bottoming out at $15.14 in July, we have had two healthy pullbacks. What is worrisome, however, is that the RSI is beginning to signal “overbought”.

If we are rooting for anything this week, it would be nice to see silver hold at $18, because with a dollar move in two days, there is a bunch of factors, both technical and fundamental in nature, that could cause another dollar move before the week is up. If silver breaks-out to $19, that would be the time to get bullish. If it breaks down to $17, that may be the time to back-up the truck and load up on physical while the getting is good.

Gold:

As the days go by, the 52-week highs will be taken out all on their own even if gold consolidates here. We recognize, however, there has been very little consolidation in the metals this year. It has been going up, or going down. With geo-political tensions and mother nature reaching a climax this week, some consolidation would be welcome in somewhat of a figurative and literal calm before the storm.

If gold drops from here, silver has room to run, if gold consolidates from here, silver has room to run, and if gold rises in price from here, silver still has room to run. The strength in the yellow metal has not been shown in the white metal, even though it has been shown in literally every other metal, base, industrial or precious. We keep highlighting the fact that the price of three of the four precious metals averages over $1000, and today, the average price for gold, palladium and platinum is over $1,100. Even when we average in silver to get an average price of all four precious metals, we still have an average price of $832.

When we talk about the absolute cheapest asset on the entire planet, there is a reason for that. How long silver remains to have the price suppressed is the question we are all trying to answer, but trying to time purchases for $.50 savings of downside price action could end up in paying $1 more based on just what we have seen in the last few days.

Need to pick up gold or silver and lock in your price now? Visit SD Bullion to see the lowest prices online, period.

    • @CentralTexan;

      I agree. Its noise til $25($23) Ag and $1400 Au. Estimates above those numbers are unsupported dreaming/conjecture and dont take into account the effectiveness and ruthlessness of the manipulators.

      On that note, we just had a sweet little pop over 13 fiddy and are now tickling the soft underbelly of 18.20

  1. Looking at the daily on silver, there is some resistance around $18.25, and major resistance around $18.50.

    In the author’s own words silver needs to break $18.50.

    If silver breaks-out to $19, that would be the time to get bullish. If it breaks down to $17, that may be the time to back-up the truck and load up on physical while the getting is good.

    If it breaks out to $19 then $21 – $22 is very possible and then perhaps that’s the time to get excited. At that point maybe the manipulation is over or the cartel is presiding over a managed retreat.

    • If silver breaks-out to $19, that would be the time to get bullish. If it breaks down to $17, that may be the time to back-up the truck and load up on physical while the getting is good.”

      Been hearing this for about five years now. We’ve been told that this is the “last chance” to buy at these low prices for so long now I have lost count.

    • Agreed @gogetter1132

       

      “Been hearing this for about five years now. We’ve been told that this is the “last chance” to buy at these low prices for so long now I have lost count.”

      Yes, we all have been hearing that.  But then, we are not fooled.  We know that no one knows the future so cannot possibly know when the “last chance” to buy comes.  Therefore, we ignore comments of this type and continue to DCA purchase whatever amount of gold and silver we can afford and think appropriate to own.

       

  2. According the Great Silver Guru David Morgan in 2012 silver was never supposed to trade below $30 again.  Here we are 5 years later staring at $18 silver like its some great apocalypse come true.

    When we hit $25 or $30 and its still going up every day by $0.25 or $0.50 then I’d say we have a bull run.  Until then this is nothin’ but chatter.

    • Agreed @PowerBall

       

      This IS chatter and there IS a LOT of that in the PM community these days.  The good news, of course, is that we know this is chatter and therefore not anything to which we need pay much attention.  Just keep our own plan in mind and active.  Use DCA to acquire whatever amounts of gold and silver we think necessary and can afford, while buying a little more on dips and a little less on rises.  This is not rocket science but it does take a bit of awareness as to what’s real and what’s chatter.  We’re up to that.  🙂

       

  3. Typical regular analysis for usual common times… but we are in nefarious times where God will expose and undo the corrupt systems of man.    The eclipse was the turning point.   Expect major earthquakes immediately after Irma and then… gold and silver to da moon as bubbles pop and currencies crash.

    • @Powerball

      I bought Mark Taylor’s book, The Trump Prophecies… but I see Trump more as an exposer than a savior.  I think Taylors vision was real, but his interpretations do not thoughtfully match the scriptures.   Anyway, I will try to limit my biblical comments on this site… but people need to know that things are fixing to pop in a big way.

    • @ Rallyman and PowerBall .. and of course if he’s reading this the ‘risen again’ Greg Hunter.
      It strikes me that there are a lot of Jesus pushers around, especially in the USA for some strange reason. You would have thought that if such a person existed he would have put all of his ‘bon mots’ and ‘lessons on life’ down in writing while he was still around.

      Any sensible guy with so much information to impart from God would have insisted in writing it down himself rather than having someone years later after he died do the job for him and risk getting it wrong.

      At the very least you would have thought one of his buddies would have have thought to himself “that’s a good one… I must scribble it down before I forget it”. No such luck. We are asked to believe a whole lot of twaddle that was written years later.

    • @GBS

      Whatever the Son of Man does, it’s never enough for some…

      Luke 7:33-34  For John the Baptist came neither eating food nor drinking wine, and you said, ‘He is possessed by a demon.’  The Son of Man came eating and drinking and you said, ‘Look, he is a glutton and a drunkard, a friend of tax collectors and sinners.

    • @GBS

       

      It is well to remember the times in which Jesus lived here on Earth.  Reading and writing was reserved to the VERY few… mostly royalty, religious leaders, military leaders, and court scribes.  Jesus came here to reach the common folk, none of whom could read or write back then.  People told stories as their way of instructing others because verbal communications were all they had.  It’s fine to be a critic and a doubting Thomas if that suits you but there is a lot more to this story than just that.

       

    • First of all, Christ only came for Israel (not that illegal cesspit of a state in the ME). The word Israel refers to a particular people, not a landmass. And the Canaanite/Edomite/Khazarians who inhabit Israel are anathema to Christ. Greg Hunter and this Mark Taylor are either completely ignorant of the truth regarding Israel, and who modern jews really are (refer above), or they are worthless paid-up shills. To push the lie that these jews are somehow representative of true Israel, when these same jews are the antagonists of the Bible, and stand as the descendants of the Edomite Pharisees who crucified Christ, must mean one of the above: ignorance or shills. But I will have them know that in the age of information, ignorance, if that is what they are guilty of, is a choice.

      Same goes for those who kowtow to these circus clowns.

    • @ Ed_B

      I don’t mean to offend but I find the whole Bible/Jesus story very comical.  I suppose it’s my warped sense of humour.   If a person ever existed called Jesus I picture him being the spitting image of Woody Allen.

      For someone who could raise the dead, turn water into wine (I can only do it the other way), feed the multitude with sardines on toast, I can’t believe he wouldn’t have tapped one of his followers on the head and said “you can now read and write so pay attention I’m only going to say this once”.

      Anyway the story goes that Jesus fell off the twig in AD33 and only after going to night-school and learning Greek and graduating in AD60 did his “apostles”  start writing stuff down.

      Nobody at the time realised that someone in the future was going to put everything into one book and translated it into funny English with lots of thees and thous that it would be a best seller…. especially in America.

      Sorry about that I can’t help myself.

       

  4. Eighteen bucks.  I don’t know. Been there done that. I’ll give you a sitrep. There are people who don’t have two nickels to rub together that lecture me about money.  You can’t kill  them and bury them in the back yard either.  You are restrained in that regard.

    • lol @andrew james

       

      “There are people who don’t have two nickels to rub together that lecture me about money.”

      Sounds a bit like a Catholic priest advising married couples on how they should lead their personal lives.  But then that’s an interesting aspect of humanity… those who know the least about something tend to make the most noise about it.  Those who know the most about a subject tend to hang onto that knowledge and not do a lot of talking about it.  There are always exceptions, of course, but this is the general tendency.

       

      “You can’t kill  them and bury them in the back yard either.  You are restrained in that regard.”

      We can’t?!  Holy cow!  Does this mean that I have to dig them ALL up again?  The roses are not gonna like that.  😉

       

    • @GBS Tell me about it, current price is over $100 above my USD average buy price but in my local currency I’ve just edged in to the black,  still at least the Brit stackers must be happy as their gold is approaching all time highs in the poor old pound.

       

    • Too true GBS.  Gold is not up quite so well (recently) in GBP, only about £7.50 since the weekend BUT the £ is up 1.5% against the $ in the same time frame.

      Up until now some US gold bugs here have in reality been complaining about the strength of the dollar and seem not to even realise it! They blame the bullion dealers for this strength and measure their investment success in fiat currency!  Don’t these guys get it?  Apparently not.

      Gold is Money and the pivot against which fiat currencies both move and are measured.  It has by far the greatest strength of any currency.  There is no downward manipulation of the gold price only upward manipulation of fiat currency with respect to it.

      This is an article of faith, if you do not get it sell your gold and buy dollars.

    • They seem good to me.  A distraction of that magnitude should provide plenty of cover for nefarious activities of various kinds.  Such opportunities are not to be wasted.

       

  5. This may be an opportunity for the frustrated holders of PMs to get out. An opportunity to invest else where, as demonstrated by frustrated posts here. This sector is definitely not for you. Use yoar sell strategy and say yoar fair wells to this site. Yoar chance to move on approaches, don’t miss it boyz and girls!

    • lol @Justin Case

       

      Yes, the weak hands among us are prone to do just as you suggest.  Hopefully, many of them will do just that.  😀

      Meanwhile, most stackers are more likely to await the inevitable price smash to pick up even more shiny on the cheap.

       

Leave a Reply