MISSION ACCOMPLISHED as cartel achieves another leg down in both gold & silver…
UPDATE (07:07, Friday, November 8th):
Mission accomplished in turning silver’s daily chart rather bearish in the short-term:
We decidedly have another lower-low on the chart, the third.
All that is missing now is a bounce to put in a third lower-high, and then we’d have a series of three lower-highs and three lower-lows.
That’s some pretty efficient painting of the chart!
Gold’s not faring much better this morning:
We nearly hit a $1450 handle, and silver’s down over 13% from its early September high.
UPDATE (20:22, Thursday, November 7th):
The sustained bombing campaign continues:
They’re looking for a leg-down right now.
Of course, it’s all to paint silver’s daily chart bearish for the short-term:
Funny how quickly things change.
Trump’s lovin’ it:
The Impeachment Hoax is hurting our Stock Market. The Do Nothing Democrats don’t care!
— Donald J. Trump (@realDonaldTrump) October 31, 2019
That was so, like, eight days ago.
Get with the program!
As I was saying, Trump’s lovin’ it today:
Stock Market up big today. A New Record. Enjoy!
— Donald J. Trump (@realDonaldTrump) November 7, 2019
He’s lovin’ the stock market, that is.
He’s been loving it daily:
Stock Market up BIG! Record highs for S&P 500 and NASDAQ. Enjoy!
— Donald J. Trump (@realDonaldTrump) November 1, 2019
When the market’s open, that is.
There’s a two day gap in the love, but that’s only because the markets aren’t open on the weekend.
Back to the love-fest:
Stock Market hits RECORD HIGH. Spend your money well!
— Donald J. Trump (@realDonaldTrump) November 4, 2019
It’s actually more than just daily, it’s hourly even.
As we see right here:
All-Time High for Stock Market and all the Fake News wants to talk about is the Impeachment Hoax!
— Donald J. Trump (@realDonaldTrump) November 4, 2019
The impeachment may be a hoax, but gosh darn-it, the stock market is real as heck!
Here’s a little something for those who prefer to watch instead of read:
“So today, we just hit the highest number in the history of the stock market. … That’s for everybody. Your 401(k)’s, how you doing? Pretty good right?”
— Trump War Room (Text TRUMP to 88022) (@TrumpWarRoom) November 5, 2019
USA! USA! USA!
Yesterday was not to be left out:
Stock Markets (all three) hit another ALL TIME & HISTORIC HIGH yesterday! You are sooo lucky to have me as your President (just kidding!). Spend your money well!
— Donald J. Trump (@realDonaldTrump) November 6, 2019
I’m sooo lucky!
His word, not mine.
And no, all of this stock market pumping doesn’t have that Bitcoin circa December, 2017 feel to it at all.
OK, “Hey Half Dollar, why are you hating on President Trump again, I mean, just talk about the markets already!”.
Uh, that’s what I’ve been doing.
Talking about the markets, that is.
Besides, I just threw-up all of those Trump Tweets to make a point, and I’ll ask it as a question: Wasn’t Trump supposed to be “good for gold” because he’s “a gold guy”?
Now, that’s a rhetorical question, but let me go ahead and spoil it for you with the answer: Yes, if he was a Patriot who actually did what he took an oath to do, and no, if he is a Deep State Globalist in Patriot’s Clothing.
But I digress.
Is it just me, or is the increasing frequency and intensity of Trump’s stock market pumping signaling we’re very, very close to something very, very big?
Gold & silver are getting hammered on Thursday morning:
Why are gold & silver all of the sudden getting hit so hard?
There isn’t anything particularly noteworthy on today’s calendar of events:
It’s not like the EIA Natural Gas Report has any impact on the gold & silver “market”.
Check out the surging trading volume with silver:
It won’t be long before new all-time highs in open interest are hit in the white metal.
Like silver, gold’s trading volume is surging today:
Like the stock market, gold’s been at nearly daily record highs as well, although not for price but for open interest.
Yield on the 10-Year Note is surging:
System apologists will say this is one of the reasons that gold & silver are falling in price – because investors are fleeing safe-haven assets (gold, “bonds”, etc) for risk assets (stocks, ETFs, etc) as reflected in the sell-off in the bond market (falling prices means higher yields).
Additionally, let’s try to make some sense out of this smash by scanning the headlines from Bloomberg:
Full of win!
Gotta buy stocks!
How can an investor lose?
The Fed’s got the market’s back.
Trump’s got the stock market’s back.
And those headlines scream, “buy stocks”!
With words like “agreees”, “deal”, “optimism”, “US Stocks Hit New Highs”, and “China touts fentanyl convictions”, how could you not be full of win?
Or at the very least, over-stimulation for the HFT algos?
So far, every smash on silver has seen a rebound.
I am assuming this smash will be the same.
People understand the active policy.
That is, rigging prices down.
Manipulations can’t last.
– 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.