FIGHTING THE RESISTANCE: Gold & Silver Are On The Offensive Against The Cartel RIGHT NOW
Gold is testing $1360 again and silver just punched through $15. Is today the day we get THE breakout?
While FOMC weeks can generally be quiet in regards to market action leading up to the 2:00 p.m. EST statement release, we’ve got some sweet action in the metals this morning.
Here’s a look at gold, silver, and the dollar’s action overnight and this morning:
Notice the dollar isn’t really breaking down either.
What is prompting the potential break-out?
Well, there’s the whole Iran War build-up going on, but additionally, President Trump is talking currency manipulation again, and this time, it’s directed at Europe:
Mario Draghi just announced more stimulus could come, which immediately dropped the Euro against the Dollar, making it unfairly easier for them to compete against the USA. They have been getting away with this for years, along with China and others.
— Donald J. Trump (@realDonaldTrump) June 18, 2019
European Markets rose on comments (unfair to U.S.) made today by Mario D!
— Donald J. Trump (@realDonaldTrump) June 18, 2019
Which is another way of saying “the dollar is too strong”.
There is a lot of time left before the opening bell.
Also Tuesday COT reporting parlor tricks.
So it is way too early to tell right now.
Whether this is the break-out.
Gold has a beautiful golden cross, however on the 3-day chart, however:
We’re within spitting distance of the break-out.
Silver’s 3-Day chart shows why I say when silver finally turns, it’s gonna turn hard:
Silver has a ton of catching-up to do to gold.
Silver is money, just like gold is money.
So the catch-up is indeed coming.
And those super price spikes?
Those $100 pops in gold?
Or $1 pops in silver?
Yes, that’s right.
Coming too.
So very.
Soon.
Yes.
Stack accordingly…
– Half Dollar
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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. 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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