SD Friday Wrap: Light can be seen at the end of the tunnel now, so keep control of the vehicle and maintain. Here’s why…
Editor’s Note: These charts were set-up in the morning on Friday, May 31st, 2019 and do not reflect any afternoon action. Thanks for your understanding and acceptance of a brief post today.
I can see the light at the end of the tunnel.
Just don’t trying to hold your breath until we get there.
It kind of reminds me of driving in Arizona at night time.
The desert is so open and vast that you can see the next city in the distance.
Only it’s a very, very long distance.
But hey, It’s light, right?
Do not lose sight of the big picture.
What is the big picture?
We are almost there.
OK, “Hey Half Dollar, we know, blah, blah, blah, we’ve heard it a million times!”.
Yes we have.
But we are almost there.
And if your stack is very light, as is mine, then you have a wonderful opportunity:
If you are not sure what I’m talking about when I say “opportunity”, then learn about the gold-to-silver ratio opportunity in only 75 seconds.
Gold has regained $1300:
I’ve been saying to get ready for those $100 price spikes, and with all the craziness going on in the world, I don’t think we have much longer to get ready for them.
Silver may have finally bottomed:
That death cross is still “in play”, however.
Platinum is still in search of a price floor:
With a third consecutive day at around $780, platinum may have just found it too.
Palladium is setting-up to do battle at its 50-day moving average:
Granted, palladium was immediately smacked right back down with the last set-up.
Copper could still have more room to fall:
If copper does continue to fall, however, then I’m expecting very “oversold” conditions next week.
On Wednesday I said crude oil looked like it wants to make another move lower:
We have indeed legged-down since making that statement.
There are literally uncertainties galore, around the globe, yet complacency is still extreme:
As soon as real fear returns to the “markets”, however, I’d be looking for massive spikes in the VIX.
And it seems that fear may return to the markets much sooner than most expect:
The “dead cat bounce” off of the 200-day moving average is textbook, and the plunge below it several days later is decisive.
As such, I still think yield on the 10-Year Note is not even close to bottoming:
The inversion with the Fed Funds Rate is getting more extreme, and for those people willing to listen, the bond market is ringing warning bells.
I do think the dollar looks like the slow ascent of a roller-coaster:
Which means get ready for the first big drop.
There is light at the end of the tunnel.
Our day in the sun is nearing.
And it is not like the movie.
With the tunnel collapse.
Gold & silver are real.
Cartel has paper.
And we have?
– 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.