The dumping began overnight at 2:30 a.m. EST, and it has begun again. Silver’s under $17.50 and gold lost $1500. Here’s why…
The beatings will continue until morale improves!
On Tuesday, I made a point in our most recent Craig Hemke interview, and it basically went like this:
If the banks pay less in fines than they make in manipulating the gold & silver markets, why would they ever stop manipulating the gold & silver markets?
And there-in lies the problem.
Well, some of the problem.
Because this would not be possible were it not for the traders who enable this crap to go on and on and on because they are motivated by their own selfish greed in the quest for extracting money out of a rigged casino, and so they play, play, and play some more.
Playing in a casino is one thing, and I’m surely not going to judge that, but this isn’t a regular casino, this is a rigged casino, and there is a difference.
Whereas a casino is generally a place where the sheeple who are bad at math willingly go to so they can give away their debt-based, unbacked, fiat Federal Reserve notes, a rigged casino is a totally different beast.
In the case of the gold & silver futures markets, it’s a dirty, stinky, smelly, slimy, evil, corrupt, conniving, fraudulent, lying, pillaging, raping, ravaging, thieving, stealing and chop-you-off-at-your-knees-so-you’re-shorter-in-order-for-the-fat-ones-to-think-they-kicked-you-in-the-head-with-a-roundhouse-kick-when-really-it-was-just-because-they-were-standing-on-a-stool-while-the-gamblers-were-kneeless-and-bleeding kind of a beast.
When Satan throws a party full of girls, booze and myriad temptations, I guess it’s just too hard for some people to resist?
What a shame.
But I digress, kind of.
Because there is a very important point here: The unwillingness of traders to walk away from the corrupt and fraudulent casino gives us a glimpse of things to come when it’s no longer the casino, but the very survival of Main Street.
What am I talking about?
I’m talking about what is coming to the United States because of human nature.
You see, this selfish greed, on some level, reminds me of what it will be like when the United States’ entitlement spending problem turns into one massive free-for-all, dog-eat-dog, cut-throat battle for every last scrap, and I’m talking about federal employees versus the elderly versus the Veterans versus the welfare queens versus the sick, and so on.
It all boils down to this attitude: If nobody else is willing to give up something, then why should I?
This is why I say things will get very violent in the United States before it’s all over.
This is why I say there will be fire and blood on the streets, everywhere in America.
Because of that extreme sense of entitlement and excessive selfish greed, it will literally end up becoming a matter of survival, and we will destroy ourselves from within, until there is not one scrap left to be fought over.
What a shame.
But there I go again.
Silver’s in the process of losing its 50-day:
If they would only take it down to the 200-day, we could really add to our stacks!
The pounding began in earnest at 2:30 a.m. EST, and the one just now is on-volume:
That’s what I call one heck of a flash sale if your into real things and not sweating bullets trying to play in the rigged casino.
Gold doesn’t wanna, but the cartel sure is heck-bent on smashing the yellow metal below $1500:
I’m not so sure this is the worst of it yet, either.
Well, it has to do with what is going on in China.
You see, the “markets” are closed all next week in China for Golden Week, and as I pointed out with Mike in our live-stream on Monday, it is much easier for a babysitter to babysit one child than it is for a babysitter to babysit two children.
The reference means that it is easier for the cartel to strong-arm gold & silver because they do not have to worry about the Chinese “markets” for an entire week.
Therefore, I think this is some good old-fashioned prep-work.
The prices of gold and silver are artificially suppressed.
That’s a dynamic that can’t last much longer at all.
And it’s one that has already lasted very long.
So weakness here is a gift to stackers.
Price is not the same as value.
The price is now lower.
But silver’s value?
– 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.