SD Midweek: Confused by the information overload? You’re supposed to be, but it all comes back to the dollar, and It’s all by design…
How do you take an otherwise simple thing and make it complex?
You confuse the crap out of people.
This confusion has been building slowly, arguably, since Trump’s 2016 campaign and his rhetoric on China and trade.
It has been building on a monthly basis over the past year.
This year, it has been a weekly dose of politico-babble.
Last week, it morphed into a daily geo-political circle-jerk.
Well, now there are so many different US-China-Trade-Deal-Turned-War-Threats-Turned-Deal-Again-Turned-No-Deal-Turned-War-Turned-Deal issues with each passing day, that it’s enough to make your head spin, and I’m pretty sure that more than one or two heads of otherwise functional idiots will explode from the constant bombardment of b-grade politico-theatrics launched at us from all directions.
That is, only if people are paying attention to all of this nonsense.
And that’s just the macroeconomics of it.
If you’re also following “Russiagate, Season 3”, well, try keeping track of the latest plot twist in the decision by Washington to have a meeting to decide on a future meeting to begin an investigation into the investigation of the investigators.
War with Iran?
Funny how quickly we’ve switched from the Venezuelan disaster to the Middle east, isn’t it?
Well, funny in a sick-n-twisted kind of way.
And then there’s.
I’m not exactly sure how else he can say it without directly saying: “I AM GOING TO SEND THE US DOLLAR ON ITS PARABOLIC HYPER-INFLATIONARY DEATH-SPIRAL”.
But these little seeds are planted all the time amidst the political theatrics.
Furthermore, THE PRESIDENT HIMSELF has the power to do whatever he’d like with, and to, the US dollar.
But don’t take ‘Ol Half Dollar’s word for it, see for yourself right there on the US Department of Treasury’s website:
The problem, of course, is to do the right thing is self-sacrifice.
A one-way ticket to another eternally-lit flame in Arlington.
And since I do believe Trump is a Deep State Globalist.
Or, as I like to say, “Deep State in Patriot’s Clothing”.
There ain’t a chance in heck he’d do the right thing.
Unless he kills the US Dollar as fast as possible.
Though I doubt there’s 4-D chess involved.
So when he says to just “pump” money.
He’s not executing a grand strategy.
To put us back on sound money.
With a gold & silver standard.
To be our money.
Not the fraud.
I hope everybody tunes-in to our live-stream today at 12 p.m. EST, and as a side note, with everything that’s been going on, and especially with with the recent “rally” in Bitcoin, I welcome any Bitcoin curveballs and fastballs if there are some trolls out there who think they can slip one by.
I’m pretty sure we will also be talking about Iran, the Trade War, and other hot-topic, current news of the week and day.
If you do not understand the significance of this chart:
Which shows how many ounces of silver it takes to buy ounce of gold (right now it takes about 88 ounces of silver to buy one single ounce of gold).
Which is also represented in the same chart, only going back a few more years:
Then you really need to study the gold-to-silver ratio arbitrage, because if you like free money, then you are literally missing a once-in-a-cycle opportunity to get lots and lots of it.
Silver is still the same price it was in 2006 (though this chart doesn’t go back that far):
In my opinion, silver is right at the point of going on a run which sees the white metal settling somewhere between $45 and $60, and it could happen very fast, as in before the end of the year even, and if you’re interested in why I say that, well, I go into great detail about it right here in this interview.
Gold has managed to poke its head above $1300 this week:
While I said get ready for the $12 silver calls, I find it very bullish that I’ve been proven wrong about that, although I am now seeing the analysts, experts, gurus, pundits and traders making their sub $900 gold calls while I thought the low-end of the price calls would be about $1150, so once again, I’m wrong about that, but it’s very bullish that I am wrong.
Because the floor is being raised on the low-ball calls.
Said differently, the calls for an ultra-dirt-cheap silver price are still ridiculous, but we’re seeing the calls being made from a higher priced-in-US-dollars starting point.
Furthermore, with gold, the yellow metal has been holding its own, in terms of price, relatively speaking, and all things considered, so the super-low gold price calls show just how out-of-whack the technical analysis is becoming in its effectiveness.
And with everything I’ve said thus far about silver, gold, and the gold-to-silver ratio, I’m not even considering a global monetary reset, which I do think is coming.
At that point, you either have gold & silver and you win, big time.
Or you don’t, and it will be, well, economic misery & financial ruin.
Palladium is just banging around the low end of its sideways channel:
Of course, if the technicals matter, then we see a second lower-high from a few trading days back, and if we get a second lower-low, while two does not make a trend, the short-term outlook for palladium could turn bearish pretty quickly.
Theoretically, platinum has some pretty strong support in the $840 to $860 range:
The trading range is also starting to coil, and one could argue a rising wedge formation, and that would be bullish.
Copper should also have some pretty strong support where the base metal is currently priced:
If we don’t triple-bottom, and if we’re pretty close to a pivot, then we could be looking at an inverse head-n-shoulder’s pattern, albeit one that’s ugly as sin, but it’s not for technical reasons that I think copper is set to start increasing in price.
Speaking of tight trading ranges, check out how tiny those candles are on the crude oil chart:
Remember, we’re coming off of President Trump ordering the Exchange Stabilization Fund to storm the crude oil market and smash price, which, if I recall correctly, took place on the 26th of April, and, additionally, although I do think the oil price is headed higher, much higher, with a range like that, it sure does look like the market storming was ultimately futile, so they’ve probably decided to take the rest of that printed-up fiat currency and just keep it for themselves.
I said it could take a few days to hit new lows in yield on the 10-Year Note:
We’re almost there, and I think we will be there by the end of this week if the stock market has begun its decline.
It’s looking like the stock market decline has indeed begun:
We’re not too “oversold” just yet, we lost the support of the 50-day moving average, and now we’re losing the 200-day.
All the while the VIX looks like it has formed a bullish wedge:
A bullish wedge on the VIX is bearish for the stock market.
Finally, well, you got to know when to hold ’em:
Forget about folding ’em – just scoop up as much gold and silver as you’re willing and able to scoop up with ’em, and forget about walkin’ away – go straight to “run”.
Because when everything is designed to seem so complicated.
Which is accomplished by maintaining a state of confusion.
Well then, Kenny Rogers may have said it best.
Only, it’s no poker game we’re talkin’ about.
It’s a high-stakes game of hot potato.
And the US dollar is the potato.
It’s just getting started now.
And how am I playing?
Why would I?
Why would you?
US dollars only lose.
So I’ve got my tiny stack.
I’ve got my popcorn.
And I’m waiting.
‘Cause it is.
– 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.