SD Outlook: Maintain focus as the anti-gold & silver propaganda begins, some of it coming from alternative-media “gold advocates” themselves…
They need to attack silver, so this is going to be a busy week for the anti-gold propagandists.
In a nutshell, in the mainstream, the Fed is undergoing its “radio silence” crap, one week before the next FOMC Meeting (next big Fed event is Wednesday, July 31st, at 2:00 p.m. EST), a meeting which will result in a rate cut of some sort, the only sticky-point is how much of a cut.
Ironically, albeit pathetic, and I’m trying to be nice here, when the Fed embarked on its whole rate hiking cycle beginning in December, 2015, in a hiking spree which saw rates move from 0.0% to 0.25% to the blowin’-a-hole-in-everybody’s-balance-sheet level of 2.25% to 2.5%, everybody was looking for rate increases to happen only every other meeting, but now that the Fed’s just gotta cut interest rates for the good of the
corrupt politicians, bankers and their kind US economy, well now, we’ve gotta cut rates every freakin’ month!
Interestingly, the “most important data ever to be released prior to the most important Fed FOMC Meeting ever” is to be released on Friday morning:
We get the statistical “growth” rate for the US economy this Friday morning at 8:30 a.m. EST with the first release of 2nd quarter GDP.
So the hit pieces against gold & silver are coming.
The mainstream financial “press” will not be slobbering all over the rockstar central bankers, so the marching orders are coming down to go hard and heavy on gold this week.
And go hard and heavy they will.
But wait, there’s more!
Look for the anti-gold propaganda to come from some of those people who, on the surface, appear to be “good for gold”.
Under the surface, they are sell-outs at best, and at worst, they are Deep State Globalists in Gold Advocate’s Clothing.
You’ll see them.
Well, if the cartel is losing control of the gold & silver markets, which I think is happening, then the cartel will need all of the support it can get – sort of like those celebrities coming out for Globalist Jeff Bezos and Amazon last week pumping “Prime Day” (whenever that is, or was).
They are the big names who seemingly talk good about gold, and on the surface, they do, and they’re making the rounds in the alternative media now that silver has broken-out.
They won’t talk to ‘Ol Half Dollar, who has been reaching-out to them from way before the gold’s break-out
Not because I’m anybody special.
Maybe it’s because I truly and advocate for gold & silver, or because I do not buy into the “booming economy” lie one bit?
For some reason, they are scared to talk with me because they might accidentally reveal themselves for who they are.
And that’s only because I’m just smart enough to be an idiot, so that means they’d have some explaining to do, and if they explain enough that even an idiot can get it, well, let’s just say people have stakes in perpetuating the lies.
So understand, the next attack on silver will be to try to attack the psychology via direct propaganda in the MSM and alternative-media.
Well, indirect support to attack silver, such as boosting copper’s price, dropping oil prices, boosting stocks, ramping the cryptos, etc, take time to work their way into the silver “market”, but psychology can have an impact immediately.
So they will be looking to mess with the psychology of the gold & silver investor, or the would-be gold & silver investor.
Especially the silver investor.
I’m looking for silver to maintain in price then this week, and I’m looking for price to maintain in the $16 to $16.50 range.
Of course, we could see silver smashed below $16, but I’m not looking for a big break-down this week, and I’m also not looking for a break-out this week.
If we manage to close the week above $16, I’ll be feeling good about the short-term.
Silver’s daily chart is going to have a beautiful golden-cross for all to see:
Additionally, we appear to be forming a bull pennant on the daily chart.
Overall, the technicals and the fundamentals are bullish, so if there is any natural movement this week, then that movement should be to the upside.
Of course, none of these markets are natural, and silver is the least natural of them all.
Spoiler Alert: That’s why the wealth transfer to holders of silver will be life-changing.
Gold’s daily chart is also nice and bullish looking:
I’m especially liking the look of gold’s 50-day moving average, and the longer gold consolidates around $1425, the more technically neutral gold will be in preparation for its next move higher.
The gold-to-silver ratio could push back up into the 90’s this week:
I think the ratio will go there, but remember, the key word is “maintain”.
If the ratio goes back into the 90’s due to price weakness, then that’s what you call a “buying opportunity”.
I’m looking for palladium to hold support at $1500:
I think some consolidation here is healthy.
I’m still looking for platinum to make a quick run to $900:
Platinum, in my opinion, is about to play “catch-up” to silver.
Crude oil is being kept as low as possible for as long as possible:
The Deep State Globalists have to make sure everybody is absolutely maxed-out on credit, to the point of not being able to get any more of it, so that slight, marginal increases in the cost of living have some nasty, devastating effects on family budgets, so higher prices at the pump are going to be one way the Deep State Globalists cause financial crisis in unsuspecting American families, but for now, yeah, they’ve gotta make sure that everybody who could get into a gas guzzler, is driving a gas guzzler.
Side Note: I briefly owned a Dodge 4×4 truck with a Hemi in it. I think it was about a 2008 model year, and the fuel estimate sticker said 18 mpg, highway. The thing got like 8-11 miles per gallon, no matter how I drove it or where I drove it, and I couldn’t figure out why, until one day, silly me, I noticed the Hemi was listed as an “optional upgrade” and therefore not used in the calculation of the fuel consumption estimate.
How could I have been so stupid not to see that?
Pain is coming at the pump, even if crude oil prices do not yet reflect that.
Copper is going to have a heck of a time punching through $2.80:
When we do blow through $2.80, however, I’m looking to run to resistance at $2.90 rather quickly.
That’s one bearish engulfing candle in the US Stock Market:
Pain at the pump affects everybody, but pain in the stock market affects people smart enough to think they understand investing, people who also think they’re moving up in this world.
All I can say is that I wouldn’t want to have any money in the US stock market right now.
And I don’t.
I think volatility comes to the markets this week:
The Fed won’t be there to whisper sweet musings into the market’s ear, so I think the VIX will be purposefully ramped-up a little, because we can’t have people thinking on their own, but rather, people need to be yielding to the all-knowing and all-powerful Fed.
So this week, in absence of both Fed and individual thought, the sheeple won’t be getting their typical fix this week, so the narrative of perky or even spiking volatility seems to be what’s coming, and it will fit in nicely with the Deep State Globalists’ not so unclear plan, and the sheeple will never have seen it coming, nor even know that it had come and passed.
I think yield on the 10-Year Note continues to drop into next week’s FOMC:
The “natural” move would be to buy bonds in advance of the rate cut in order to book some short-term profits by selling them just prior to the FOMC statement release, immediately upon release, or a short time after the rate cut.
Of course, the dollar will begin its fall when they are ready for it to fall:
If the dollar doesn’t decisively move lower this week, then I think the decisive move is coming late next week, and that would be a close below the recent lows of 96.
What’s the bottom line as we find ourselves here this beautiful Monday in late July?
Be on the look-out for the anti-gold & anti-silver propaganda because it’s coming.
Understand the purpose is to mess with gold & silver investors’ psychology.
Some of the propaganda will be subtle, from supposed allies in the fight.
How can you tell the difference, even in the alternative-media?
They will tow the Deep State Globalists’ “official” line.
They won’t be questioning the government’s line.
The MSM anti-gold propaganda is easy to spot.
That’s why they call it “investor psychology”.
It is nothing more than a mind game.
Do not fall for it, or the subtleties.
Because gold has broken-out.
And now silver has too.
Maintain this week.
I hope you do.
– 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.