SD Friday Wrap: After this week, there’s no doubt we are close now. Very close…
We are very close to something big happening.
First, on Wednesday, Jerome Powell was asked “Do you think the US should go back to the gold standard for our currency?”.
Here’s what he said:
I thought we were pretty clear when it came to President Trump.
I mean, sure, I’ve provided absolute proof that Trump will not do anything that’s “good for gold”, but I have been coming from the angle that he’s been gold “neutral”, so to say, as in not saying anything good, but not saying anything bad either.
On top of that, President Trump sure has been cheerleading for hyperinflation of the US dollar:
China will be pumping money into their system and probably reducing interest rates, as always, in order to make up for the business they are, and will be, losing. If the Federal Reserve ever did a “match,” it would be game over, we win! In any event, China wants a deal!
— Donald J. Trump (@realDonaldTrump) May 14, 2019
Which most people just shrugged off as being some flamboyant, over-the-top stuff.
But when he uses the exact term “pumping money” again, just as he’s used before:
China and Europe playing big currency manipulation game and pumping money into their system in order to compete with USA. We should MATCH, or continue being the dummies who sit back and politely watch as other countries continue to play their games – as they have for many years!
— Donald J. Trump (@realDonaldTrump) July 3, 2019
I’m not really sure how to say it because, well, everybody is quick to jump on me as some kind of Trump basher or hater.
Yet just last night, President Trump had this to say about the dollar:
…and International. We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!
— Donald J. Trump (@realDonaldTrump) July 12, 2019
Two words you do not want to hear about the economy or the markets are “never”, and that other word which Trump just Tweeted – “always”.
Actually, it was more than just “always’, it was “it will always stay that way”.
But I don’t even really need to say it because the words of Powell and Trump speak for themselves.
It is sad, pathetic, and certainly ironic how people talk about all of this “in-fighting” between the White House and the Fed.
Some’ll call it a “dog-n-pony show”.
Others will call it “Kabuki Theater”.
A few will call it “WWE Wrestling”.
We can call it what we want, but understand that “Trump pressuring Powell” is all for show.
What I am starting to think is that the cartel is really losing, or may have even lost already, control of the gold & silver “markets”.
If the gold bashing isn’t coming from the MSM, this means the mainstream financial media’s propaganda no longer works.
And if both President Trump and Fed Head Powell are dissing on the yellow metal, and on silver even more, well then.
We must be close to some sort of event, especially as the stock market is melting-up, making all-time highs.
As if there was every effort being made to cast gold in a negative light, both directly and indirectly.
Look, it comes down to this – we do not know when whatever is coming is, well, coming.
Much less do we know if whatever is coming will be considered “successful” or not.
Which means that even those on the inside may not be able to handle change.
If you do not have your position of gold & silver already in-hand, oops!
There are no second chances, but with the dollar relatively strong.
There is at least still time to prepare if you have not already.
With the gold price where it is currently being capped.
And with silver literally dirt cheap here in late 2019.
These will be ‘good-old-days’ we look back on.
As a time we were able to gain that wealth.
It’s called “wealth transfer” for a reason.
But if you don’t have that wealth.
Then there is no transfer.
Only economic pain.
A dead US dollar.
And the ruin?
Just check-out that gold-to-silver ratio:
I don’t think we go above 100 myself, but if we do get there on gold-price weakness?
Gold looks to be in a “bull pennant”, and it looks like we’re near the completion:
Which is another way of saying it looks like gold wants to break-out here, and with all the analysts so sure of a plummet in the gold price to the $1150 range, I think gold will be surprising to the upside, not the downside, and the move could be rather explosive.
I think the cartel’s plan is to attempt to revive the “sideways channel of pure agony” with silver:
That channel would have it’s broad range between $15 and $15.50, but I don’t think the cartel will have success like they did between the second half of 2017 and the first half of 2018.
Palladium hit a new high, but it’s not very convincing:
The volume isn’t what you want to see if you’re a palladium bull, and the technicals are turning bearish.
I’m looking for platinum to make a b-line for $900:
This is a nasty spot to be in for the bulls, however, with the recent death cross painted on the chart.
Copper is still bottom-bouncing:
In addition to my reasoning why I think the copper price is going higher from here, copper will really start moving once the dollar and crude oil turn, and once the cartel becomes even more desperate to get real, physical silver to market.
Speaking of crude oil, we popped back above $60 as expected:
In my opinion, this is only just the beginning of the move higher as the plan to bring max pain to the United States gets underway.
Yield on the 10-Year Note is making its move towards my target of 2.0%:
This fits nicely in with the narrative too, as traders “sell” their “safe haven” assets and move into risk assets such as the stock market.
The Fear Gauge also is conforming to the narrative:
I’m counting three lower-highs and two lower-lows on the chart, and it looks like not only is a third lower-low in the works, but the chart, technically speaking, looks like the bottom could fall out of “fear”, which is another reason I have been saying that something huge could literally happen at any moment.
Behold the greatest stock market, ever:
And with the Fed ready to inject “emergency” stimulus into the markets, as in give their banker-politico buddies free money, it’s hard to see the market not going higher in the short-term, even if we know they will ultimately crash it down.
The dollar has still done nothing for quite a while:
When it begins doing something, however, that something will be a move lower in the dollar.
What’s the bottom line as we find ourselves here on this beautiful Friday in mid-July?
Gold’s at multi-year highs, but we have not really seen the anti-gold propaganda.
That all changed this week, however, and the snipin’s comin’ from our twelve.
Jerome Powell is coming out with the anti-gold (and silver) propaganda.
President Trump, implicitly, is coming out ‘anti-gold’ & ‘anti-silver’ too.
Just another clue that we must be very close to what is coming.
Is this all some part of the good guys restoring rule-of-law?
I wouldn’t bet any of my stack this is all just ‘4-D chess’.
Did Trump just curse the dollar Tweeting “always”?
Well, he did, but only if you think he’s a Patriot.
But if he’s Deep State in Patriot’s clothing?
Then it’s not really a curse on the dollar.
It’s a signal to Deep State Globalists.
That now’s the time to drop dollars.
Because what will “always” be.
Is about to quickly become.
Simply what “once was”.
As for gold & silver?
– 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.