SD Midweek Update: Individual idiocy takes a back-burner to the collective today. Here’s what it means for the markets and economy…
I’ve been biting my tongue for the last few days.
It happens at times, but it’s been happening a lot lately, especially in this day and age of Twitter.
And no, for once, I’m not referring to something President Trump has Tweeted (for the most part): I’m referring to having to bite my tongue in regards to so many things the mainstream is completely clueless about at best, or enabling at worst.
And when I say the mainstream, I’m not just talking about the sheeple baaaing on social media, or the mainstream media spewing its lies and propaganda, but I’m also talking about most of the “alternative media”, which isn’t really alternative at all.
We live-stream on Wednesdays at 11:00 a.m. EST now, so do tune-in to hear no fewer than five reasons which have led me to bit my tongue for the last few days.
That said, It’s not getting any better, especially not today, for today the Fed releases its December, 2019 FOMC Statement at 2:00 p.m. EST, and then Jerome Powell holds a press conference at 2:30 p.m. EST.
Will he get any real questions this time?
Don’t hold your breath.
And how much time will be wasted in the press conference singing the praises of the now dead former
ISIS Leader Fed Chair Paul Volcker?
This one’s going to certainly be a tough one to stomach.
At least there will be no surprises when it comes to interest rates, and with a “hold” fully priced-in to the markets, the press conference this afternoon becomes much more important for “traders” and “investors” to glean clues as to the Fed’s next move.
Speaking of moves, silver’s daily chart continues to point to a move lower in price:
We’ve got a nice little “bear flag” painted over the last three days, so get ready for the chart huggers to start talking about a plunge below $16.
I hope they do drop silver below $16.
The more likely scenario, however, is a slow, painful grind.
The cartel does enjoy great pleasure with the pain they bring-on via their constant, active gold & silver price suppression.
Now, if I may digress for a moment, if you haven’t noticed, it’s starting, and what I mean by that is the collective psyche in the United States has snapped, and because something has snapped in the collective psyche, we’re starting to see blood and fire in the streets of the uber-crazy kind, popping up all over the country, with recent examples in Florida and New Jersey coming to mind, and while many do not understand the root cause, it’s really simple: Our money is corrupt and evil to the core, brought on by our dirty government, our thieving central bank, and willing agents of both, and we’re quickly approaching the point where the American people have nothing left to lose, and knowing that the collective psyche has now snapped, if those struck with madness keep seeing the stock market rising, all the while coming to the conclusion that the Fed responsible for it, via the Fed’s 24/7 market manipulation and interventions, well, let’s just say there’s nothing scarier than somebody who has nothing left to lose, so yeah, unless the stock market comes down hard and fast, the insanity in the streets we see today, barely containable as it is, will spiral out of control faster than most can imagine, and the end result will be that we quickly destroy ourselves from within, although that’s probably what the cartel wants anyway, only, will they be able to control it and emerge not just unscathed but with its power intact?
I think they try, and I think they fail.
Dark times are coming.
The gold-to-silver ratio has pulled-back over the last couple of days:
We were looking bullish, but that’s since been methodically reversed for silver’s short-term outlook compared to gold’s.
Gold has been holding up much better than silver:
It sure would be nice to see gold move into “extremely oversold” territory.
Palladium continues to hit fresh, all-time highs:
If the cartel could smash, they would smash.
That said, it looks like a smash is coming, a smash which likely sees palladium falling though its 50-day moving average again.
Platinum broke-out yesterday:
It’s hard to get excited about the move, however, considering the heavy hand that’s been brought-on with every break-out.
Copper continues to tell us the “deflation” cycle is over:
We could even run a little more before a pull-back.
Crude Oil is above its 200-day moving average for 5th day in a row:
It seems nobody is talking about crude oil closing above $60, for all of the experts and analysts have been calling for a 40-handle, but I think we could even close out the week above $60.
You can’t destroy Americans’ morale quite like you can when you get ’em all levered-up on gas-guzzlin’ trucks they can’t afford followed by a ramping of gasoline prices!
The major stock market indexes have not reached new all-time highs this week:
If the Powell gives off a “hawkish” spin this afternoon, I’d be looking for some short-term “selling” pressure.
Suppressing the VIX is proving to be sloppy work for the cartel:
The sloppiness will eventually give way to spiking volatility, but only the inside-insiders know when that will be.
I wasn’t expecting much movement at all in yield on the 10-Year:
After today, however, I am, and I’d say it will be yields moving lower as the market begins to price-in the next rate cut.
The only way interest rates can go, for governments and central banks, is lower, and so yield will go lower, that is, until the bond markets blow-up.
For today, however, I think the mainstream will call Powell’s tone “dovish”, that is, if the intention is still to keep stocks levitated.
Opening below such a major moving average does not look good for the dollar bulls:
Of course, the cartel plans to destroy America, and that means destroying the US dollar, but hey, I guess some people just like focusing on the whole “dollar shortage” meme.
Bottom line as we find ourselves here this beautiful, cold Wednesday in December?
The mainstream will put everything on hold this afternoon for the Fed & Powell.
It’s a dang shame too, because we shun tuning-in to ISIS’s executions.
Yet we praise the Fed as they execute the elderly and the savers.
It’s more than just a dang shame, but I’ll just leave it at that.
Because in the end, it’s the elderly and savers’ fault.
For not defending themselves from terrorists.
We can all access the same information.
It is what we choose to do with it.
Most will do nothing at all.
Blind faith in the Fed.
– 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.