SD Midweek Update: Maybe we can finally get to that all-important “extremely oversold” condition in the gold & silver “markets”?
Update 10:41 am. EST –
The cartel may have a problem on its hands as the impeachment vote looms:
Gold’s erased nearly all of its losses, silver is still somewhat on a flash sale.
Don’t forget to tune-in to Silver Doctors Live at 11:00 A.M. EST for live alternative media analysis of today’s gold, silver and finance news, including how the impeachment develpments are affecting the “markets”.
In fact, watch it right here:
It’s a heavy bombing no less:
Napalm sticks to kids!
Of course, it doesn’t affect the adults in the room.
And who are the adults in the room?
So thank you cartel!
First for the lower gold & silver prices for all the new stackers out there.
And secondly, for giving me a title for today’s post.
You see, I’m kind of at a loss today with everybody so sure of themselves and the continuance of the status quo.
A few things that I’m referring to are the Fed’s ability to keep the stock market up, Trump’s sure-fire re-election, and the trade deals, and it’s getting kind of annoying.
Yesterday, for example, an influential voice on Twitter said something to the effect of, “you don’t get it man, it’s a matter of national security that the stock market keeps on rising”!
Uh, our government is totally corrupt and evil to the core, and there’s no security in that, much less a dang nation.
Besides, there’s no saving the Titanic.
There’s no sense in rallying around the captain either.
If he’s honorable, he’ll go down with the ship.
Noticed that nearly everybody in the “alternative media” space is so sure about President Trump’s “re-election”?
It’s pathetic to hear people talking as if our elections are legitimate.
If there is more wealth to drain from Americans, he’ll get re-elected.
If there’s no more wealth to drain, then we begin the transition to FEMA Camp, USA.
Yet another example is that people are making a big stink out of the trade deals.
The last time I checked, there were no signed trade deals, but instead, there is plenty of talk, lies and propaganda.
Meanwhile, the economic collapse of the United States accelerates, and it is going to blindside most people.
That’s how they want it, however.
Confuse and disorient the masses with maximum pain in the form of economic misery and financial ruin.
That cliche about bankruptcy is appropriate to this kind of pain: It starts out slowly and then happens at all-at-once, or however the cliche goes.
In the form of maximum pain, the onset of the economic misery and financial ruin that’s coming to 99% of Americans depends on the size of one’s savings account.
That said, there is only one protection from what is coming: Gold & silver.
They’re the ultimate in privacy.
They’re the ultimate in secrecy.
They’re the ultimate in portability.
They’re the ultimate in liquidity.
They’re the ultimate in universality.
They’e the ultimate in etcetera, etcetera, etcetera.
And they’e getting bombed right now.
Oh, you willingly participate in the rigged casino, and you’re options are about to expire worthless?
Well, don’t get to thinking there will ever be some kind of restitution for the corruption and fraud.
The only restitution will be in the starvation death of the demonic beast, but we’re a long ways off from that point.
By trading in a rigged casino, people willingly feed the demonic beast.
Silver is building a base at $17:
I have been thinking the cartel is needing silver to close-out the week below $17, but perhaps a more curious pondering is if we have finally kissed $15 goodbye?
I’m pretty confident we have.
Gold has been holding-up much better than silver:
The $1470s has been pretty robust support thus far, and it looks like we’re going to be testing that support today.
If the bombings continue, this could be a great opportunity for gold-to-silver ratio arbitrage investors:
Because the gold-to-silver ratio will be rising for the stacker friendly reason of falling prices.
It could be a flash sale!
Thanks again cartel!
Palladium could be consolidating at $1900:
It would be healthy to see palladium consolidate over time here while the other precious metals play “catch-up”.
Why is that?
Because palladium has been “extremely overbought”, and an “underlying”, in this case palladium, can consolidate over price, time, or both, and a consolidation over time at $1900 would allow for the technicals to become more neutral.
Platinum’s chart actually looks bullish right now:
That is to say, if we hold in price here, we will have painted a higher-low on platinum’s daily chart, which would be the second higher-low and indicative that we’re en route to painting a short-term bullish trend.
The stock market continues to hit all-time record highs:
Of course, if you follow President Trump’s Twitter feed, you would have known this on multiple occasions over the last few days.
Even though he doesn’t “watch” the stock market.
I’m still looking for that flash crash in the VIX:
We might need to see a meltdown to take out the 52-week lows first, however, and if that’s the case, then the flash crash would be the final, blow-off top of the stock market.
Yield on the 10-Year Note could jump to 2.0% in the event of a stock market melt-up/VIX meltdown:
Ultimately, however, for the evil, corrupt system we have to continue in perpetuity, interest rates have to come down.
Falling rates have lasted for decades, but they won’t last much longer, however.
The US dollar has been rising into the cinematic build-up of the impeachment vote:
Because when there is doubt and uncertainty as to the continuity of the US federal government, the first thing one must do is buy dollars as a hedge!
That doesn’t make sense.
Bottom line as we find ourselves here this beautiful snowy day in mid-December?
The cartel has started the bombing runs in the early morning hours today.
The COMEX “market” does not even open until 08:30 a.m. EST.
The opening bell for the “market” isn’t until 09:30 a.m. EST.
Which means those early birds can catch a sale.
On real money, compliments of the cartel.
If the bombing runs continue today.
We could see two legs-down.
From the one we just saw.
At the COMEX open.
And the market’s.
– 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.