SD Midweek Update: Gold & silver have held their ground this week, but are we really in the clear? These two reasons say “no”…
Mentally, I’ve been in a state of limbo this week.
I’m ready to get this downside smash over with so we can move on already, but I’m not looking forward to it one bit.
The pressure has been less than I have anticipated so far, but by no means do I think we are in the clear right now.
In fact, there are two very specific fundamental reasons why I think gold & silver prices could drop farther than most people think on this next wash-rinse-repeat cycle.
Assuming the cartel is still in control.
The first reason I think gold & silver prices could get hit hard here has to do with the lack of interest in the sector.
Case in point, this video:
Why is the view count important?
Because the traders, experts, gurus, pundits, and everybody else under the sun has been saying that excitement is coming back into the gold, silver and mining sector, but judging by the lack of views on that video, it is clear the interest is still simply not there.
For this fundamental reason – the lack of interest coming into gold and silver (on a retail, physical metal level) and the lack of interest in the miners (as shown by the view count above) – I think prices could really take a pounding here because to me I see no real back-stop, which would be a point of concern for the cartel.
The only point of concern for the cartel pertains to how much real, physical metal the cartel has which it must feed into the market, and everything else stems from this, the cartel’s real point of concern.
For example, don’t have enough metal right now and need to rebuild that stack?
Then let the cryptos run.
For another example, don’t have enough metal right now and need to rebuild that stack?
Push the paper gold proxies to induce buying of paper and not buying of real metal.
And so on and so forth.
The second reason I think the downside could get nasty has to do with denial/avoidance.
Case in point, this denial/avoidance of this article:
The Kool Aid is stronger than ever, and the people sure are totally boozed-up.
That’s all I will say about the denial/avoidance.
My point, overall?
The metals have held-up this week, relatively speaking, but I don’t think it lasts, and I still think we’re in for some nasty downside price action coming from the next heavy-handed cartel smash.
Said differently, I think it is about to get uglier before the week is over, and before this latest “correction”, “pullback”, “dip”, or whatever you want to call it is over, which may or may not be this very week, I think we will still get down to a 15-handle in silver and a 1300-handle in gold.
In other words: It’s time for one serious gut check.
The gold-to-silver ratio is still just under 90:
If you totally trust the central banks, bankers, lawyers, politicians, insurance underwriters, hollywood, the MSM, and all the other benevolent institutions of free-flowing socio-political harmony, then do nothing, but, on the other hand, if you understand what is coming, then the gold-to-silver ratio is telling you what to do.
The head-n-shoulders chart pattern in the making on silver’s daily chart is just a little too obvious:
But then again, the Deep State Globalists have been operating in the open with no shame for quite some time, and that would include the cartel.
People are talking about $1500 being the new floor for gold:
I see the cartel buying itself time building-up what will soon be called “resistance” by the experts, and all the experts who will begin to jump on that talking point will only serve to add to the downside pressure in the metals.
See how this is beginning to work?
I started feeling bearish last Thursday, and the feeling has nearly been overwhelming for the last two days (Monday and Tuesday of this week).
This is important, so let me say it again: If I am right about a nasty smash coming, we have not yet seen it, so it’s still coming.
In the cartel’s “paint-by-numbers” daycare activities, a rejection of palladium at its 50-day seems in order:
Just remember that the price might change in the near-term, but nothing fundamentally has changed.
Platinum’s golden-cross will likely be very short-lived:
Platinum has plenty of room to run to either side, and we know which side the cartel favors.
It looks like the bottom is about to fall out of the copper price:
I am still bullish on copper, but it sure looks like the base metal is rolling over and about to make another leg-down here.
Crude oil continues to compress around $55 a barrel:
We will have an explosive move to the upside, I’m just not privy to exactly when the cartel wants to bring on the pain.
The VIX has been falling as expected:
It is not falling right now because of the desire to ramp the stock market, but rather, to smash gold & silver.
After all, the stock market is set-up to begin falling drastically:
Which is yet another reason why they need to come in and really give gold & silver a good smashing here.
Why would the cartel want to bring the stock market down with gold sitting at $1550?
They’d rather bring the stock market down with gold sitting at $1375.
And they’d just love gold with a 1200-handle.
Yield on the 10-Year Note is still below 1.6%:
I have been expecting a move higher in yield in the short term, and there’s still a lot of week left in the “markets”.
The dollar is at the high-end of its acceptable range:
If the cartel wants to bring the heat to gold & silver, I’d be looking to take-out that early August high.
What is the bottom line as we find ourselves here this beautiful Wednesday in late August?
I don’t think gold & silver are out in the clear just yet, and I think more pain is coming.
I’m looking for continued pressure this week from the cartel, through Friday.
I hope we get it too because we know we’ll be close to the end game.
Which includes economic misery and financial ruin for everybody.
Everybody, that is, who trusts the system as we know it today.
Those who don’t trust the system aren’t out in the clear.
Because just knowing what is coming isn’t enough.
Neither is a plan to deal with it once it’s here.
Once the end game is here, it is too late.
Any additional time to prepare is a gift.
It is the trade-off for the smashing.
Yet most will do nothing about it.
Sheeple are dumb, fat & lazy.
Cartel knows this very well.
But the laziness kills.
Indeed it does.
– Half Dollar
About the Author
U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, an active amateur trader, and a Silver Bug at heart.