SD Friday Wrap: The cartel flirts with panic mode as gold & silver finally get pounded into what can only be described as a sweet weekend flash sale…
Editor’s Note: Chart set-up around 1 p.m. EST. This Friday Wrap does not include the mid-to-late afternoon price action.
It’s just swell.
It’s a total flash sale.
And it’s all weekend long!
It’s so kind of the cartel to slash prices.
It is almost as if they want the paper market to blow up.
Either way, the cartel may have just smashed prices a little too much.
Because we understand one of the most important aspects of investing: The dip.
In bull markets, smart investors buy on the dip.
So this looks like an opportunity to me.
Thanks to a desperate cartel.
Which will ultimately fail.
So we have this dip.
How much longer will it last?
At least until “markets” open Sunday evening.
Which means smart stackers have plenty of time to plan.
I do not think this dip in gold & silver prices will last much longer.
Nor do I think the price cuts will go that much deeper than where they are now.
In other words, ‘Ol Half Dollar ain’t lookin’ this gift horse in the mouth.
And in 2019?
Silver’s dirt cheap.
Gold is dirt cheap too.
OK, “Hey Half Dollar, we’ve heard it a zillion times already, and we’re sick and tired of this crap!”.
I get it, but I also get the fact that silver was in the mid-$15s back in 2006.
Silver was also around 5 bucks at the turn of the century.
We are so very close to that next plateau higher.
For now, however, it’s the waiting game.
Being able to wait it out or not.
Most people can’t.
Investing takes time.
There is no “get rich quick”.
Some call it “playing the long game”.
This latest price raid is literally like free money.
I’ll gladly trade my leftover dollars for phyzz at this point.
As a bonus, I’ll be taking my wealth out of their ponzi scheme.
So it’s really hard to complain about the latest cartel raid on gold & silver.
Now, if this year ends-up looking like last year, then sure, there will be dark days.
But I don’t think this year will be a repeat of last year, and I’ve been waiting for a dip.
I’m comfortable with where price is right now, because silver is still plentiful.
Which means we can add ounces to our stacks on the cheap.
We also don’t have to pay outrageous premiums.
Premium creep is indeed a very real thing.
So this is about as good as it gets.
Can we go lower from here?
Of course we can.
But not much.
If we do.
Let’s start with the gold-to-silver ratio:
The ratio is telling all humble stackers to put any and all metal purchases into silver.
And you can get a helluva lot more silver at $15.50 than you can at $21:
I get it: The “experts” will say “the technical damage has been done”.
Remember: Most of the people are wrong most of the time.
That is true for a room full of experts too.
Check out that massive base gold has built in the last few years:
At sub-$1300 today, there really is no other way to say it than gold is an absolute gift.
Especially if I’m right about “max pain” coming to the US markets and the US economy.
Palladium is giving us a taste of things to come:
Palladium is showing us that at a point, the physical market does matter.
And yes, platinum will come along for the bull run too:
Just like with silver, with platinum we see a cyclical bear in a secular bull.
Also just like with silver, this cyclical bear has pretty much run its course.
Copper couldn’t quite get through $3.00:
I think we’ll get through it pretty soon, however.
Crude oil is consolidating:
The inverse head-n-shoulders pattern, however, is now long in the tooth.
Since the pattern is breaking down, we may very well see a retest of those August lows.
If that’s the case, we will double-bottom.
Here’s what happens to fear when you can use unlimited money to manipulate markets:
History teaches us that money printing has a 100% failure rate, and this time will be no different.
People are starting to talk about a “break-out” in yield:
While we may break-out, I still think we will get a big drop in yield.
Remember: You can’t deal with a crisis unless there is actually a crisis.
I think the dollar is rolling over here:
In my opinion, we are ether going to see a break-out or a break-down very soon.
The stock market does not look healthy:
Although we might just see fresh all-time record highs before things really get chaotic.
What are we to make out of the last three days in the gold & silver “market”?
The cartel is intent on pounding gold and silver prices back down.
And all that really means is that we get to stack even more.
Why would we want to stack even more gold & silver?
The government and Fed intend to kill the dollar.
That will be the one thing they accomplish.
In the meantime, we’ve got a real dip.
So even people who hate gold.
And hate silver even more.
May not pass this time.
It will be like dinner.
Hours to cook.
– Stack accordingly…
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.