SD Outlook: Gold & silver are poised to rally, but the MSM focus will be to see if the stock market can gain less than 1.5% to reach new highs…
It’s ‘now or never’ week.
That’s what I’m calling it.
And I get it, the Nasdaq hit new all-time highs last week.
But more often than not, the Dow and the S&P 500 are what people are talking about when they say “the stock market”.
Besides, if the Dow or the S&P 500 do not reach new all-time highs right along with the Nasdaq, that would be “bearish” because of the “non-confirmation” of the move, that is, according to the silly technical analysts out there, who at one time may have had valid points when charts mattered more than they do now.
Which brings up the need for a definition of the word “cartel”.
The “cartel” that the manipulation deniers like to use to make fun of us by referencing our villian in some strange, unknown mafia-type kind-of-way pulling the strings behind the curtains is not some mystery group we can’t put names and face on, at least in regards to those at the top.
In other word, the “cartel” is something very specific – when we refer to the “cartel”, we are talking about the ESF, the Fed, the PPT and the agents of all three.
And they manipulate all markets, all day, every day, and for any reason, but don’t take ‘Ol Half Dollar’s word for it because it’s right there on the US Treasury Department Website:
(bold added for emphasis) itself:
The ESF [Exchange Stabilization Fund] can be used to purchase or sell foreign currencies, to hold U.S. foreign exchange and Special Drawing Rights (SDR) assets, and to provide financing to foreign governments. All operations of the ESF require the explicit authorization of the Secretary of the Treasury (“the Secretary”).
The Secretary is responsible for the formulation and implementation of U.S. international monetary and financial policy, including exchange market intervention policy. The ESF helps the Secretary to carry out these responsibilities. By law, the Secretary has considerable discretion in the use of ESF resources.
The legal basis of the ESF is the Gold Reserve Act of 1934. As amended in the late 1970s, the Act provides in part that “the Department of the Treasury has a stabilization fund …Consistent with the obligations of the Government in the International Monetary Fund (IMF) on orderly exchange arrangements and an orderly system of exchange rates, the Secretary …, with the approval of the President, may deal in gold,foreign exchange, and other instruments of credit and securities.
But hey, the hottest market in real estate right now are river-side condos on Denial River.
My point is that these market aren’t natural, and when you have accounting books that nobody’s ever seen, much less audited, except only a few people who will take what they’ve seen to the grave, and others who think they have seen the Fed’s books, but have not truly seen the real books, can you honestly say the Fed isn’t acting as an agent for the Deep State Globalists in charge of the cartel buying-up the indexes?
When you can print-up or double-click into existence as much fiat currency as your heart desires, how can the paper markets not be pushed anywhere with unlimited money?
But I digress.
Last week, the Mueller Report was released, something that surely would have been “good for stocks” as it took away any US political uncertainty regarding the Mueller Investigation and a possible Trump Impeachment or other major political crisis, but since stocks barely moved on the release of the report, I’d argue that the Report and it’s nothingness were already priced-in to the US Stock Market.
Additionally, just like cartel smashings have less and less effect and duration on gold & silver prices, every time a Trump Administration official says something about progress being made with China in the trade talks, that jawboning, as in talking to and about the markets in order to move them, so as the theory goes, also have less and less effect on stock market price action.
So what will be the drivers of price action this week in order to push the US Stock Market to all-time highs?
Seems like a wild-card week to me.
Which could mean things get very, very interesting.
We start the week off with three days in-a-row of housing data:
Be prepared for a lot of housing market talk this week by the MSM.
Things could get interesting come Friday and the first release of Q1 GDP:
I’m not quite sure what number the manipulators will pull out of their you-know-whats this Friday because I’m not privy to the timing of max pain, which, in my opinion, will be brought to America so it appears that Trump loses in 2020, you know, cause it fits the “narrative”.
Here’s a look at the less than 1.5% (or less than 400 points) move the stock market must make to hit those record highs:
I do think we get there because that is the point, isn’t it, but does the cartel really have that fine of control, or is the cartel’s control more like controlling a Boeing 737?
We could see some sort of flash crash in the VIX to get us there:
With unlimited fiat dollars, volatility is one of the easiest things to suppress, even easier than gold & silver, and I’ve been on the look-out for a 10-handle.
I’m on the look-out for interest rates on the 10-Year Note to rise this week along with the rising stock-market:
I’m just not so sure how much we over-shoot the record highs in the stock market, but assuming the drop in the stock market begins relatively soon, as that happens, I’m looking for yield to head lower yet again.
The dollar also barely moved on what should have been dollar-bullish news last week:
We are at the upper-end of the cartel’s acceptable range, a range in which the Dollar Index will be held until the timing is right so that Americans really start to feel price inflation on the street.
Copper looks to be opening the week a penny or two to either side of its massive base at $2.90:
This may seem obvious, but not everybody knows that the copper is priced per-pound, and not priced per-ounce like gold or silver.
Crude oil is starting the week already above $65:
Crude oil is performing just as I have expected it would, but I did blow my call on crude last year, and badly.
Platinum is north of $900 to start the week:
The short-term is turning into a bullish trend as platinum patiently carves out higher-lows and higher-highs.
Palladium is back above $1400:
The bear-wedge never played out like I was on the look-out for, so now it’s sideways choppy action, which, in my opinion, is preparation for the next up-leg.
Gold is opening the week pretty much at $1275:
We could see pressure on gold as the stock-market is ramped, but we’ve been under-pressure for several months now, we are the deepest in the red year-to-date we’ve been all year, and the technicals are saying a rally is imminent, so I really do think the downside is limited here, and I’ve been saying $1250 is the downside limit for weeks now.
I also think the downside is limited in silver:
Although I’m sure the calls for $12 silver are imminent.
The gold-to-silver ratio is still screaming “buy silver”:
With a price of $15 an ounce, a ratio at historic extremes, and arguably the most despised asset in all of the West, the only question is, “why wouldn’t you?”.
What is the bottom line as we move into the second half of April?
I’m looking for Trump to continue with the betrayals.
He really needs to betray across the board.
Because all of the betrayals so far.
Are brushed off as “4-D Chess”.
But when max pain is felt.
Slowly and one by one.
People will realize.
He’s Deep State.
– 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.