SD Friday Wrap: The cartel is stuck, and it seems they really are losing control of the gold & silver “market”. Here’s why…
The cartel is stuck.
On the one hand, there is this illusion of a booming economy.
If the economy is booming, this warrants raising interest rate, and gold and silver soar as a hedge against inflation and as people are able to save more.
Furthermore, some of those people will look for investments without the risk of bank and government malevolence, and those investments would be gold & silver.
Further-furthermore, in a booming economy, people will have extra cash for investing, and smart investors will look for an asset that is not in a bubble.
A booming economy is bullish for gold & silver right now.
On the other hand, If the economy is in dire straights, this supposedly warrants interest rate cuts, and gold & silver soar due to all the money printing, easy money, and loose monetary policy.
You see, it really doesn’t matter what is going on in the economy or in what way the cartel attempts to alter reality.
Here is reality.
Sound is Money.
Money is honest.
Honest is Gold.
Honest is Silver.
Honest is honest.
Dollar is fiat.
Fiat is dead.
Price is value.
Weight is weight.
Physical is real.
Paper is nothing.
Time is now.
Cartel is out.
Here is reality.
It’s all bullish for gold & silver right now!
I thought the jobs report would be “bad” today, meaning a “low” print in regards to the total number of jobs created, as well as missing the “expectations” of the mainstream.
I was wrong.
Dang need for quotation marks.
Could we please just face reality already?
It now appears the Fed wants to keep everyone guessing.
Ah yes, the good old-fashioned nail-biter!
So we better look at every single data point from here until the end of the month for clues as to whether the Fed cuts rates or not this month.
What a crock of crap!
Regardless, the cartel can’t change reality.
And what is the reality?
Only that their decades of gold & silver price suppression is coming to an end.
Side note: It has been proven, time and time again, that gold & silver prices are suppressed, yet for some reason the manipulation deniers say, “show me proof”, and even though we have shown them proof, time and time again, I’d like to see one of them try to argue their way out of a question such as “show us proof the metals are not manipulated”?
They couldn’t show that proof, so for all intents and purposes, the manipulation deniers avoid the Gold Bugs and especially the Silver Bugs at all costs!
Their time is running short, however.
As of 2:00 p.m. EST, gold is treading water above $1400:
Any weakness here is an absolute gift, and I think we’re seeing that weakness now, but I don’t think it lasts for long.
It may not even last through Monday.
As of 2:00 p.m. EST, silver is still treading water above $15:
Sure, that’s one nasty bearish candle on silver’s daily chart, but at this point, it’s really just absurd.
Is anybody who’s reading this truly nervous about silver’s candle today?
Well, I guess the traders are, but they’re part of the problem because by participating in the system, they are enabling this to go on.
But I get it.
Greed is too powerful for most people to overcome, and certainly for any real traders to overcome.
Know any traders?
Ask them if they’ve ever blown-up their trading account.
If they have not, then they are not real traders.
It’s like people who are in the Army fighting the “War on Terrorism” who have never actually been in a war zone, much less in combat.
But I digress.
Wanna prop-up the stock market?
Well then, the cartel has to let gold & silver prices rise this time.
In other words, the cartel is stuck.
Wanna let the air out of the bubble?
Well then, there are only two things that are not in a bubble, and those two things are the commodities and gold & silver.
In other words, the cartel is stuck.
Wanna just unleash a deflationary crash?
Well then, gold & silver will “go down” less than everything else, which means they go up in value even while going down in price.
In other words, the cartel is stuck.
Where they’re at.
Why are they doing this?
They do it because of spite.
That’s what my gut is telling me.
Because they are sore losers & cry babies.
Much worse than that, however, really.
Their system is coming to an end.
Much worse than that, really.
Their system is over.
On top of that, they are playing a very, very dangerous game right now because they run the very real risk of selling too much paper gold & silver and not being able to deliver.
In other words, in their total desperation to naked-short the snot out of paper gold and paper silver to stem rising prices, the cartel loses track of how much physical gold or physical silver is actually owed to legitimate purchasers versus how much paper they’ve sold in an attempt to cap price.
It is likely getting out of hand for them now.
Because their situation is far from being a well-oiled machine right now.
It’s more like FUBAR, and not only does this mess extend to London, but the cartel is trying to tap into Shanghai as well.
But luck they have not.
Nor they’ll get.
The gold-to-silver ratio is still above 90:
If people do not understand what is about to happen to gold and especially silver, then who’s fault is that?
Some nations encourage their citizens to stack gold & silver.
But our nation?
“Gold” and “Silver” are the two words they can’t even speak of.
Surely President Trump can’t, for we have seen him Tweet good and bad things about pretty much anything he wants to.
Anything, that is, except for gold & silver.
Kinda makes you wonder.
But I digress.
It looks like I got one call right this week:
JOBS, JOBS, JOBS! https://t.co/lWqvRNJDOW
— Donald J. Trump (@realDonaldTrump) July 5, 2019
I mean, I nailed the commas, the spelling, the capitalization, and even the single exclamation point.
How do so many not see though all of this stuff?
We see what’s easy.
And what’s not easy to see?
We don’t even make an attempt.
Or, we just look at something else.
So if anybody refuses to see the reality for what it is, at best, that person will simply fall farther and farther behind.
At worst, that fall will be fatal.
But there I go again – digression.
When you’re not the stock market, this is what that run to record highs looks like (spoiler alert – you don’t get there):
I’m looking for a spooky-scary smash in palladium to try to get people to think more bearish when it comes to gold & silver.
Something like, oh, platinum’s beating today:
It may seem like the cartel has some anger issues, but we can’t confuse anger for madness.
They ain’t angry.
The cartel’s gone mad.
That is one huge difference.
Which is why opting out of the system and stacking gold & silver as high as one can stack is the only no-brainer way to protect oneself.
Sure, there are other ways to protect oneself against what is coming, like learn a skill such as construction work or computer repair, but some people may not be physically able to do those things, and other people are not smart enough, so in order to just bypass any possible costly miscalculations, well, yeah, that’s why it’s called a “no-brainer”.
Not in a Great North American Wal Mart Zombie no-brainer kind-of way either, for I’m just talking about something too easy.
OK, “Hey Half Dollar you dufus, if it was that easy, everybody would be doing it!”.
Almost a good point.
About everybody doing it.
The jury is still out as to the extent of my dufusisity.
Regardless, there are two problems with your logic.
First, not everybody will do it.
In fact, most people are ultra lazy.
How often do you pick-up pennies in parking lots?
I imagine about 95% of the time I find myself in a parking lot, I find at least one penny.
Dang right I pick ’em up!
There was a point there.
Secondly, the anti-gold propaganda by the cartel and its agents, as well as the mainstream (media, financial advisers, etc), is so heavy and the sheeple so easily fooled, that I’m not sure the thought would come into mind for the vast majority of people.
Oh, good grief.
There I go again.
Complete incoherent babbling.
Please read that again and see if you got my point.
Or if I even made one?
Nonetheless, my point is leading up to the “most people will lose everything” statement again with the economic misery and financial ruin that’s coming to the United States.
So I guess I’ll just stop there.
And think happy thoughts.
Copper is still in a “bear trap”:
While we are still technically putting-in a higher-low on the chart, and while there’s a possibility we test that $2.54 low, I don’t think we have to wait much longer to find out if we make a fresh new low.
Once again, it looks like I’m blowing my crude oil call:
Of course, I do think max pain is coming to the United States, so while we may not be in the $70s by the end of summer (even though we still could), we should all be feeling the pain pretty darn soon.
The problem is I’ve cursed myself trying to get both time and price.
You can really only get one reliably, and those who say otherwise are trying to sell you something.
The stock market is the perfect example of trying to get both time and price, only to succumb to the curse:
You see, on Monday I was looking for the Dow to hit all-time record highs (price) on Friday (time), but the record high was made on Wednesday.
What was I thinking?
Of course, I’ve been saying the VIX needed to be worked lower, possibly even flash-crashed:
Going from 15 to 12.5 in the blink of an eye seems like the VIX has been worked lower to me.
Yield on the 10-Year Note has been closing below 2.0% this week:
Which may be one of the reasons why the jobs report smashed all expectations.
You see, while I don’t think that interest rates can be normalized or raised gracefully, the un-natural direction is forced to the downside, yet it’s only since the cartel has a printing press and can do whatever they want in regards to any paper market, for any reason, at any time, yield may have been falling just a little too fast for comfort.
President Trump calls for hyperinflation, and the US dollar
plummets sharply surges profoundly:
Seem legit, doesn’t it?
What’s the take-away this week going into this beautiful weekend in early July?
There were some fireworks this week, but the real ones have yet to go-off.
They will go-off, only they won’t be pretty, much less worth watching.
Because it’s not really a show but economic collapse in the USA.
This weekend may be a good time to check on those preps.
Have a yard sale & sell some Chinese crap on Craigslist.
‘Cause time’s running-out to get those preps in order.
And with this un-natural “drop” in gold & silver.
We can all get more bang for our buck.
The reality has not changed one bit.
Smash gold & silver all they want.
All it does is change the shape.
But in the end, well, yeah.
It’s called a “measure”.
Weight and purity.
– 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.