SD Friday Wrap: We really need gold & silver to hold at these levels so we can confirm Wednesday’s turn. Here’s an update…
Do you ever have one of those weeks where it feels like all you can muster is just enough strength to go through the motions?
Things are getting better, we know they are, but there’s still the fog of negativity hanging overhead, and we’ve yet to see the sun come out.
One of those types of moments perhaps?
Or maybe it’s the feeling of getting over a severe cold?
Your head is still congested from all the Sudafed and NyQuil, and while you don’t feel as bad as you did, you don’t really feel any better.
Not to be a Debbie Downer, but that’s where I’ve been all week.
Not here, not there, not anywhere.
The action in the markets has sucked.
I mean, we know gold & silver are once again turning in our favor, but after nearly two months of repeated beatings, it’s hard to get excited.
You know that feeling?
Gold & silver are right there, and I share that feeling with them.
You can see the turn in silver:
We really need the low print from Wednesday to hold for it to be true.
Gold has turned, but there’s a different concern altogether:
If gold breaks-down through the 50-day moving average, what we though was restoration of health will be nothing more than masked cloudiness brought on by the Sudafed and NyQuil.
Time to grab a gallon of orange juice and look to sweat it out over the weekend.
Because the turn is not so convincing on the gold to silver ratio:
Sure, were not at 82, but sitting above 80 is not like things are really starting to move.
Platinum is sending us a mixed signal that may even cause us to second guess the turn:
Open interest hasn’t dropped off, and the technicals haven’t gone full bull, so we’ll have to see.
If there is hope, as there has been for all of last year, it is with palladium:
Open interest has now dropped off, the MACD and RSI are bullish, and while we are still below the now resistance of the 50-day, we look set to break-out above the critical moving average within days or even mere hours.
Part of why the feeling is like it is is because the market manipulator’s have now effectively lulled the markets back into a state of complacency.
The VIX looks to be fading:
It wouldn’t be surprising at all if they even manage to take it all the way down under 10 again.
Is that the plan?
Who is stepping in, and who has control right now?
There must be some serious debate and negotiations taking place, because the stock market go either way:
And that’s part of why the feeling of this week has just sucked.
While the dumbed-down masses are distracted by myriad MSM propaganda, those of us in the know of honest money are subject to the heavy-handed manipulation, and for now, we’ve all got to sit here and take it while the controlling elite decide their next move.
Even the yield on the 10-year is caught up in this game:
Just like the stock market, we could see either a break-out or a break-down in yield.
If three months of a range-bound yield are in store for us like we had in the last quarter of 2017, we’re talking about suspended animation for the entirety of this Spring.
Then there’s the dollar banging around, frustrating the bears yet not pleasing the bulls:
For now, maybe we can find comfort in the commodities.
Sure, nobody likes paying more at the pump:
But if that’s what it’s gonna take for our stacks to appreciate in not just value, but also in price, then heck, I’ll adjust my lifestyle for that.
I’ll drive less, combine trips, walk, and do what’s necessary to offset the impact.
Showing just how long and how much we’ve been in this state of suspended animation is Dr Copper:
Check out all those periods of riding the 50-day moving average.
Here’s something I learned in the Army: Nothing lasts forever.
One of the best skills of them all is patience, or in Army talk, the valuable skill of “hurry up and wait”.
I once heard that only 1% of the population is able to serve in the military for whatever reason.
It could be that some aren’t smart enough, some are too fat, and some just flat-out can’t cut it.
The same applies to gold & silver.
Only about 1% of the population can cut it as a stacker, and have the mental game to endure through long periods of time until being rewarded.
If you bought silver at $4.50 in 2003, well, 15 years later, you’re good.
Let me be the first to congratulate you on achieving something so rewarding that only so few can achieve.
You are the true elite of this world.
Now if you bought silver at $15 in 2006, didn’t sell any in 2010 or 2011, and are still holding: Have patience.
It’s all in your head at this point.
You’ve got to wait it out for a while longer.
Until you feel like you can’t wait it out any longer, and then even longer than that.
Or maybe you bought silver in 2011 and are down over 60%?
Well guess what, you’re stuck on the side of a bombed-out road in Iraq, a dust storm is blowing over so you can’t see outside your windows, and you just heard some pings in the steel plating from enemy pop-shots, but you have no idea where the shots came from.
There’s nothing you can do but wait it out.
You can also pray if that’s your thing.
Believe me, even if that’s not you’re thing, you’ll probably want to ask the Big Man for a little Divine Intervention.
But know this: It can’t last forever.
Gold & silver are turning.
We’re right there.
– 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.