Did Gold Hit All-Time Record Highs, Or Didn’t It?…GEEZ, IT’S A ROUNDING ERROR!!!

Some technical analysts think gold will drop to the $1600s when it puts in new all-time highs, but it’s more likely that gold’s move isn’t done just yet…

Some of the old school Gold Bugs are bickering on Twitter about what the all-time high of Gold actually is.

Is it the intra-day price?

The closing price?

The?

Meh.

It doesn’t matter.

We’re pretty much there.

For the longest time, and I’m talking about for years, everybody used to say “when gold hit its all-time high at $1900”.

Nobody ever said, “when gold hit its all-time high, intra-day, priced in blah, blah, blah on the blah, blah, blah”.

It’s always been $1900.

I guess it’s just surreal, isn’t it?

But you know what the real surreal part is?

How far away silver is from fifty stinkin’ bucks.

Oh my, is silver going to move, and silver did move up this week, big time, but today, it’s all about gold hitting $1900.

I said this yesterday:

We’ve breached $1900 today, but we haven’t hit an all-time record high.

We were dang sure close as of 3:20 p.m. EST:

Still, the percentage difference from today’s high of, call it, $1904, and gold’s all-time high of, call it, $1923, is LESS THAN 1%.

That is what we call a “rounding error”.

The question is, where to from here?

Chris Vermeulen shared his thoughts on gold with Silver Doctors just yesterday afternoon:

His technical case is definitely worth a listen.

I think the fundamentals in gold are just too strong right now, which are dominating the market, which is why I think gold can continue on its current run.

Furthermore, and pretty soon, the COMEX should be exposed for the fraud it is.

Although I’m sure most of the financial markets will simply get shut down, in part, to keep the fraud hidden from as many people as possible.

I mean, if you nuke an entire city, you get rid of the crime scenes, don’t you?

That said, it’s been a great week if you’re a Gold Bug or a Silver Bug.

The good times are here, especially for the Silver Bugs, which is probably why they’re trying to make life as miserable as possible for everybody.

Silver is, after all, being honest money and the power of the People, the one thing that makes evil go mad more than anything else.

Which brings me the mainstream media’s crazed push for even more chaos.

CNN seems to be pushing the pandemic:

Nothing but Coronavirus Doom & Gloom mixed in with some bread-n-circuses.

There is a problem, however, with the Doom and Gloom.

Some of the sheeple have been spooked, yes:

But that spooking won’t last for long!

Side Note: They say there’s no inflation, yet if you want to live free in Glendale, by day 3 it will cost you $2,000 per day!

This Tweet, however, pretty much sums it up best:

You see, the public is finally starting to see this for the sham it is.

Now, I’m not saying the virus is, or isn’t, real, but rather, I’m saying that right now, this “flare-up”, for lack of a better term, is a sham!

And it’s a scam, a con, a power grab, and all of those things, but for simplicity’s sake, I’ll call it a sham.

How do we know this flare-up is a sham?

Simple.

In the beginning, which would be late January through February, and arguably some of March, the Deep State Globalists and their MSM propagandists were claiming the coronavirus was no big deal, and since the Deep State Globalists and their propagandists generally only lie to the public, I knew right from the beginning that this coronavirus thing was going to be a very big deal.

And it was.

Although now, the tide has shifted, and the people should recognize that.

In July of 2020, the Deep State Globalists and their MSM propagandists are making Covid-19 out to be the biggest deal in all of human history, and since the Deep State Globalists and their propagandists generally only lie to the public, I know that now, it’s not really a big deal at all.

It’s a money grab and a power grab, and it’s a dang shame.

I’m not sure how people can’t see through all of this, but then again, most people are sheeple, and the sheeple think that we went to the moon, so there’s that.

Even Fox News, albeit subliminally, is pushing the coronavirus flare-up.

See if you can spot it:

You can’t make this stuff up!

What is the reason for this hysteria?

It’s what I’ve been writing about for years: The Deep State Globalists are destroying America, and they have to be utter certain of her destruction.

It will be nothing less than Economic Misery and Financial Ruin for those who are unprepared, which means those people who lack gold and/or silver, basic preps and skills.

And since the pandemic narrative is falling apart as we speak, in real time, especially as we see the Fauci hypocrisy in plain sight, I think they’re moving back to the civil unrest/violence state.

The Deep State Globalists and their MSM propagandists have been, after all, dry-rehearsing and fine-tuning the spin in Portland all week, and now, they may have named the next hot spot:

Why wouldn’t it be Seattle again?

Think about it: The Agent Provocateurs already had their black ops dry run in Seattle, for practice, or for pre-staging, or for whatever, and now the MSM propagandists have been training in Portland because, well, lets face it, they were pretty much the laughing stock of the George Floyd “Protests”, and we can’t have that little embarrassment happening again now, can we?

So now comes the climax.

And I think it will involve a lot of death and destruction.

Let’s hope that I’m wrong.

I may be, but just for now.

For now, silver has stalled at $23:

In my opinion, this is the dip, and by now, you should know what to do.

The gold-to-silver ratio is in the low 80s:

Just a friendly reminder: The gold-to-silver ratio, in the low 80s, is still screaming, all things considered, “buy silver with gold”.

Gold’s breaking-out on the daily chart:

If the fundamentals matter, gold’s got a ton of room to run.

Palladium’s starting to move:

Palladium’s up over 11.5% on the week.

Platinum, still, however, is the ultimate super-sleeper:

Platinum is still negative, year-to-date, although that will probably change on the very next up-day.

Crude oil is still just barely moving:

If they let the bottom to drop out of crude oil again, the would have the cover they need to crash the stock market.

Copper will likely not crash along with crude oil this time, however:

Copper does not have the same storage confinements as crude oil, and we are seeing signs of Gresham’s Law in action.

The stock market does look like it has cracked:

Let’s not get it twisted: Deep State Globalist insiders make just as much money to the downside as they do to the upside because they’re the ones who are rigging it.

It’s just the sheeple who get fleeced.

Or get slaughtered.

Again.

And again.

And again.

And again.

But the sheeple aren’t spooked just yet:

Although that would change in a hurry with a False Flag or a False Flag Hoax this weekend, and even if the VIX is rigged, which it is, the sheeple don’t know that it’s rigged, so all things considered, fear is fear.

Which means the next leg-down in yield should be coming very soon:

Although it won’t be for reasons of investors making a “flight to safety”, for they’re doing that with gold (it will be because the cartel is buyer of first resort).

At this point, with the exception of the very, very ultra-near term, only the sheeple would seek safety in US government paper, be it in bonds, or dollars:

And it sure does look like the bottom is ready to fall out of the US dollar index.

Bottom line as we find ourselves here this beautiful Friday in late July?

Gold is at record highs, whether it’s official or not doesn’t matter.

Gold has been bid, gold is bid, and gold’ll continue to be bid.

It may not seem like it in the price, but silver is bid too.

Silver has a whole lot of catching-up to do to gold.

And when adjusting for this & past inflation?

Silver’s moves will make your jaw drop.

There really isn’t much time now.

To get silver under $100/oz.

Next round of checks?

Will be too late?

Probably so?

Oh yeah.

Likely.

So.

Stack accordingly…

– 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, a former amateur trader, and a Silver Bug at heart.

Paul’s free book Gold & Silver 2.0: Tales from the Crypto can be found in the usual places like Amazon, Apple iBooks & Google Play, or online at PaulEberhart.com. Paul’s Twitter is @Paul_Eberhart.

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