SD Friday Wrap: Not even touching on technical analysis this week, this one is all rant and no filler…
Editor’s Note: Ah, screw it…
Here’s a taste of things to come:
Rant on –
Yes, I was wrong about my call.
No, that’s not why I’m angry.
It’s not because I’m an amateur trader.
My account is positive year to date.
It’s just plain old anger.
This wearing thin.
Just how they like it.
Hey, “calm down Half Dollar. What are you so angry”?
Well, since everybody is disgusted about what’s been going on in gold & silver, it has finally spread to me.
But let’s take a step back for a moment.
This may have been my tipping point this week.
You see, I’m disgusted with all the fakery out there.
For example –
Everybody is focused on the distractions the Deep State is shoving down our throats.
Take, for example, that psycho Strzok and the parading him in front of Congress (like they are going to ever do anything about it).
During that little circus side show, I noticed something that nobody else seems to have noticed.
I even fired off a Tweet about it, which people probably thought was a political rant.
It was not a rant, and it wasn’t even political.
It was all economics.
Actually, it was more basic than economics.
Call it Freedom and Liberty 101.
Which means as little government as necessary.
That said, listen to just these 19 seconds of Strzok, and tell me what pops into your mind:
Is anybody else thinking, my God, how bloated is the #US govt?#MAGA #POTUS @realDonaldTrump @RonPaul #Biggovernment #Libertarian @ThomasEWoods #DeepState #NationalDebt #debt #deficits #taxes pic.twitter.com/XZD9NuveOr
— SilverDoctors.com (@SilverDoctors) July 12, 2018
Why isn’t anybody picking up on the absolute enormity of our government?
This is the federal government mind you.
Forget about the city, the county, the state, and all those other governments.
And forget about the even more taxing authorities.
Listen to Strzok again just to let it sink in.
You know how one can tell the dollar is going to burst into a ball of hyper-inflationary flames at some point?
Because how the heck are we going to pay for all of this government?
That just keeps growing.
And I won’t even get into my Peak Trump theory.
Last thing I want to do is stir that pot.
I’m not even going to get into the technicals of the “markets” this week.
I’ll just let it all out, on a fundamental level.
I did say it was “rant on”, after all.
Silver is down for the 5th week in a row and six of the last seven:
Everything in the world is going up in price, and then there’s silver.
In the comment’s, I see it all the time – “Hey Half Dollar, they’re not going to let silver rise in price until they let silver rise in price”.
For the most part.
But there will come a day when they have to let silver rise in price, whether they want to or not, and judging by how angry I am, we are very close to the turn.
Because I can out wait anybody.
My ability to sit through a bunch of crap and then sit through some more is an ability that very few can match.
I mean, I can beat any Mexican in a Mexican Standoff, and I’m not even Mexican.
But this week has taken its toll.
So I’ll say it a different way: Of all the things in the entire world, the only thing in the world that doesn’t cost more today than it did in 1980 is silver.
They hate silver.
And when I say they hate silver, I mean that real special kind of hate, the kind that is evil to its core.
Remember: Silver is the power of the people.
And they absolutely hate the people having any power.
So we see that we took it on the chin yet again today:
Just stay in position.
Gold is down again this week:
Might as well say gold is down five weeks in a row because there’s no sense in counting that Hershey squirt from last week.
Gold also ended the week by taking it on the chin:
Again, I’m not going to get in the technicals at all this week.
I’m angry, so this rant is all that’s on deck.
I’m not mad.
Madness does no good.
You wanna kick butt in war?
Then get real angry.
Get real mad, and you just do something stupid and get yourself or someone else killed.
But anger, whoa Nelly.
I guess you could call it that.
Call it upset with people in general.
Because we just take it.
And take it.
And take it.
And take it.
But I digress.
Palladium hasn’t sucked as much as gold or silver:
Palladium also is not the most hated thing in the entire world either.
Platinum, well, yeah:
With all these vehicle emissions scandals, you would think platinum would be in a little more demand for industrial use?
But then again, the global economy is one giant illusion.
It’s a mirage of water while dying of thirst.
Crude oil has gone full roller coaster:
And yeah, that makes me angry too.
When your back and neck no longer allow you to ride roller coasters….
…it wears thin.
Copper is still puking its guts out:
Pretty soon Dr Copper will need to be in the ICU.
Let’s move on to the utter farces.
First there’s the farce of complacency:
If you learn one thing in war, it’s not to get complacent.
Then there’s the farce of rising interest rates:
I’ve said all along that rates just can’t go up ‘gradually’.
When it comes to the bond market, there will be no stair-stepping.
There will be no incrementally tidy rises in yield.
It’s going to blow-up one day, and it will be a shocker.
I actually own two paper bonds.
“Series EE” I think they’re called.
Try cashing in a bond.
Actually, forget about cashing it in, try to simply deposit a bond.
Talk about next to impossible!
I gave up after spending several hours trying to figure it out, after realizing I would have to spend several more hours to get them cashed in.
But, “Hey Half Dollar, just mail them to the Treasury!”.
Easier said than done.
I understand the process now, but I dread the hours of my life I must waste after already wasting hours of my life trying to get them deposited in the first place.
Gold and silver?
I would bet my entire stack that I could find a local buyer within one hour, or a buyer online within one minute.
There are people all over the world, buying and selling gold and silver, every second of every day.
But I digress.
Back to the farces.
Just Look at the stock market go:
I’ll refrain from further comment on the stock market.
Finally, the King of Crap:
Oh, and just a friendly reminder, the US Government in general, and the Exchange Stabilization Fund specifically, which was born out of the Gold Reserve Act of 1934, after the Unconstitutional gold confiscation by Executive Order in 1933, has the ability to operate in any financial market it wants to, at any time, and for any reason.
Now, I’m really an optimist, so let’s not end this Friday Wrap on a down note: I’ll remind everybody that we’re long overdue for a reset.
Even if this was “temporary”:
In the end, the joke is on them, because the only thing that is “temporary” is the price suppressive manipulation of gold & silver.
As has always been the case, throughout all of history.
– Rant off.
– 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.