It’s going to be a long week until August 15, 2021, which just so happens to fall on Sunday…
(by Half Dollar) When it comes to brutal beatdowns, last night’s was impressive!
Check out the 5-minute chart:
Zooming out slightly, check out the 30-minute chart:
There must be at least a million Gamblers’ account balances blowing-up in the Rigged Casino right now!
That’s just the way it goes, for Gamblers enable the manipulation, and that evil, vile Beast has an appetite like no other!
Nonetheless, it’s anniversary week, and since everybody’s already said plenty about it, I’ll just say this when it comes to gold (and silver): If you are an American, it’s not a dang choice.
And while I don’t claim to be the smartest quadlingual out there, I’m pretty sure that once the fascist totalitarians rewrite the US Constitution, the words “gold and silver” will not be in it.
Of course, the root of all of the problems in society stem from allowing our “elected” “leaders” and career public “servants” to corrupt our money, and the farther we stray from Constitutional Money, or God’s Money, or Honest Money, or Sound Money, or simply, money, the uglier it’s going to get in society, and by simply looking around America, or anywhere, really, I’m not even sure how that’s possible?
But then again, most people are Brainwashed Masses, Walmart Zombies or Sheeple, so there’s that too.
Regardless, unhappy anniversary, or happy something, or whatever:
“I have directed the Secretary of the Treasury to take the action necessary”, said Nixon, and the mere thought of Biden saying something similar this Sunday night made me go ahead and just skip breakfast altogether today.
When the Jobs Report hit the tape last Friday, I said the Chart Huggers would have to go back to their drawing boards:
Amazing how quickly they’ve turned a golden cross into a death cross, isn’t it?
Pro Tip: The Dollar Store sells the best paint-by-numbers coloring books around, and they’re cheap too!
In an effort to bring out my inner optimist, I’ll just say that on the bright side, we’re making progress:
Things always take longer than one thinks.
The gold-to-silver ratio has jumped as expected:
If silver outperforms gold to the downside, which I’ve been looking for but have yet to see, the ratio will jump even more.
Interestingly, palladium’s swings have become less erratic:
Palladium, of course, is not the one they’re focused on.
As I speculated on Friday in a different article, the Cartel may be trying to entice would be silver buyers to buy platinum instead:
In my opinion, whereas I’m looking to back-up-the-truck for silver in the teens for one last time, $800 would be a great price to back-up-the-truck for platinum.
It’s a combination of a lot of things, really:
Including the waning effects of the so-called “stimulus”.
We’ll have to put up with the Silly Deflationistas this week:
What little has been learned in the last 50 years.
The last 100+ years, arguably:
I generally date the downfall as beginning in 1913, and if you need a crash course, start here.
There will not be another 50 years:
Off of the top of my head, I can prove that the US Dollar has already hyperinflated like, five different ways from Sunday.
Said differently, the US Dollar as we know it might not even have another year:
Not that “market participants” understand what is happening, however.
They’re too busy partying on the gravy train:
Even though that’s not really the kind of train it will turn out to be, and despite the fact that the final destination is going to be downright awful.
Thanks for reading.
Paul “Half Dollar” Eberhart