The Govt Throws Fed Chair Powell A Party, And A Deep State Globalists’ Party Island…Shut Down?

SD Outlook: Gold & silver are at the ready as there’s very little room for the Deep State Globalists to make a mistake in their narrative…

Jerome Powell will be all over the news this week.

He is, after all, a rockstar.

Tuesday through Thursday he will be signing autographs for his banker and government fans:

Tuesday Powell will attempt to discuss the Fed’s “stress testing” with a straight face.

I’m pretty sure the audience in attendance is more selected by the day.

Wednesday and Thursday the Fed Head heads to his favorite nightclub to check-in on his performers.

That means on Wednesday he will be chillin’ with the House Financial Services Committee and on Thursday he will be hangin’ with the Senate Banking Committee.

What’s it all mean for the markets?

Well, recall from Friday our super-duper “JOBS, JOBS, JOBS!” report:

The narrative currently being peddled is that the jobs market is strong and robust, the labor market is tight, wages are growing, and all of that other “booming” economy stuff.

And this is kinda like a monkey-wrench thrown in on the Fed’s plan for a rate cut this month.

Why?

Well, the addict is already high as a kite, and another hit just isn’t going to do anything.

So why would the fed need to give the markets a hit right now?

The fed wouldn’t need to, but that’s what the mainstream, politicians and bankers included, think is “best” for the nation.

It’s not.

Regardless, Powell will be sweet-talking the markets in a well scripted dog-n-pony show.

The last time Powell went to Congress, Alexandria Ocasio-Cortez wasn’t even allowed there in attendance, even though she’s on the House Financial Services Committee, but I get it, why would you want a Millennial Deep State Globalist Puppet with nice cleavage, big teeth and crazy eyes, educated at the increasingly post-feminist, neo-fascist, & pseudo-liberal Harvard, who has supposedly only worked as a bartender, speaking directly with the Fed Head, even if it is scripted?

You wouldn’t want her doing that.

It’s just too much of a risk.

So just keep her in the backroom, and…

Nevermind.

As far as Powell’s talk on “stress testing” tomorrow, those who enjoy watching Fed Head Powell slug away at some slow-pitch softballs like he was Sammy McGwire may hope to catch some of the euphemistic brilliance on display in regards to Deutsche Bank.

The $DB’s blowing-up you know.

Finally, let’s not lose sight of reality: The Deep State is in a panic.

How do we know?

Well, they threw us a bone in Jeffrey Epstein on Friday (maybe it was Saturday – regardless, stuff like this always happens on a weekend when we’re talking about the standard operating procedures of the Deep State, which kinda makes you wonder about politicians who are assumed to be Patriots) after the markets closed.

Lest there be people wondering why the Swamp has only gotten deeper and recently re-stocked with new, nastier species.

OK, “Hey Half Dollar, you don’t get it man, this is totally huge, and massive game changer, and a total victory for the Patriots!”.

Sorry.

I don’t think so.

About the total victory, that is.

You see, I think one of two things is going on.

First, how do we even know what is being reported is accurate?

I mean, that is what the news is reporting, and there may in fact be some real photo opportunities, but if the Deep State really likes him, or if Epstein has more to offer the Deep State, then this could also be all for show with this Evil bastard running around doing whaever he wants to do when he’s not in front of the cameras, recording the show.

Secondly, even if he is going down, it’s not like all this disgusting Evil just suddenly stops.

There are hundreds more Jeffrey Epstein’s all over the world, doing equally hideous things for the Deep State, so for one Epstein to go down, well, sure, that’s one single victory, but what if the next Jeffrey Epstein is even more vile than the one who was just arrested?

Finally, I’d like to leave you with a question: What if this is setting-up for a major “betrayal” in line with my Fall Guy theory?

And a follow-up question: What better way to get people to turn on President Trump than if the charges get dropped, or if Epstein gets a slap-on-the-wrist plea bargain, or if somehow there is a Presidential pardon coming out of this?

The once-in-a-cycle opportunity for free gold (if buying silver now) is about as good as it is going to get:

That is to say, the gold-to-silver ratio is rising on price weakness, which means silver is on sale.

I have been talking about the cartel’s push to get silver under $15:

If successful, I don’t think silver stays under $15 for long, but I wouldn’t be looking for a text-book bounce of the 200-day moving average either.

Perhaps a bear trap made by a lower-low, all the while the cartel both covering their shorts for free profit and getting the specs to sell at a loss.

Technically speaking, gold is consolidating nicely at $1400:

This is also allowing the technicals to come down from their “extremes”.

Of course, in my opinion, the cartel was unsuccessful last week as gold & silver remained above $1400 and $15, and while we could get pressured lower here, if the cartel is really losing control of the markets, which I think they are, hence the Epstein bone thrown to us chained dogs in a not unlike the “killing” of Osama kind-of way, then the cartel will certainly want to paint the gold chart as bearish as they can so that (especially) gold makes its next move higher from a lower starting point.

Recall, however, that I have yet to see my upside surprise in silver, so if gold hangs in here, we could very well see that upside surprise finally taking shape as the cartel has no choice but to allow prices to rise.

That said, I’m concerned about a false flag or a false flag hoax this week if any of the Deep State’s numerous plates that are spinning in the air begin to wobble.

If palladium breaks-out early on, I think that could be our clue:

I still think the cartel wants a scary drop full of all sorts of pucker-factor, and with palladium’s trading ranges so tight for so long, I don’t think we have to wait until next week to see the break-out or break-down either.

Technically speaking, it is crucial for platinum to stay above $800:

If platinum can put in a short-term bottom and remain above $800, we will get the all important higher-low.

Copper is holding above $2.65:

If we can stay above $2.65 on a closing basis, then copper has put in a second higher-low.

Bullish.

Crude oil will again be an interesting one to watch this week:

Of course, if the weakening of the dollar comes sooner than later, then I’d be looking for a quick run to $65.

The Russell 2000 shows why the DOW and the S&P 500 are currently getting all the headlines:

Because the Heartbeat of America Index isn’t doing so well, and with each passing day, week, and month, the small caps continue to signal that the majors have it wrong.

I think the majors do have it wrong, and that a crash is coming, but I’m just not sure of the timing.

I am sure, however, that the timing is to the 2020 Presidential Election because I think whatever narrative is coming will need to be prepped and constructed in advance.

I have been thinking that Trump is the Fall Guy, and that he will lose the 2020 election, but on Wednesdays’ Live-Stream, Mike made a great point that I had missed.

You see, I think that all of the wealth, savings, Freedom and Liberty have already been stolen from hard working Americans, so Trump is not needed anymore for the cover, however, Mike pointed out the trillions sitting in the pension funds and retirement systems, which, if those funds are indeed still there, then there is still a little wealth and savings that can be extracted, and if that is the case, it seems Trump will get re-elected so that the theft can continue.

Hence the Jeffrey Epstein bone again, because, hey, it’s the Best Economy, Ever, AND, Trump’s DRAINING THE SWAMP!

Which is another way of saying there is a little more blood that can be transfused from the patient until the patient bleeds-out.

And let me restate that to make sure I’m clear: The Deep State Globalists’ plan (max pain in the form of economic misery and financial ruin) is in-fact to kill the patient (The United States).

The VIX seems poised to open the week under 14:

Between Deutsche Bank and Powell, the VIX may actually be fun to watch this week, however.

That is one seriously bullish engulfing candle on the 10-Year Note:

I think we will get a bear-trap in interest rates, possibly even to 2.2% this week, but I think we’re back down below 2.0% soon, and we begin distancing ourselves from it to the downside until the bond market blows-up.

The dollar is enjoying a pop:

Of course, when you’ve not only MAGA’d but you’ve also Drained the Swamp, what would you expect?

What’s the bottom line as we find ourselves beginning the week on this beautiful day in July?

I think the “Drain the Swamp” aspect of the Jeffrey Epstein arrest is just an illusion.

Like the “booming economy” narrative is an illusion of an economic boom.

This is either setting-up for a turning of the United States on its head.

I think that’s the plan since the Deep State doesn’t need the US.

Or it’s setting up for a continuation of more of the same.

Because there is still wealth left to extract from us.

Either way, there is very little room for error.

The sheeple are totally fooled, for now.

What if the sheeple get spooked?

With gold above $1400?

Silver above fifteen?

Not much room.

For mistakes.

Past due?

I think.

Yes.

Stack accordingly…

– 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.

Paul’s free book Gold & Silver 2.0: Tales from the Crypto can be found in the usual places like Amazon, Apple iBooks & Google Play, or online at PaulEberhart.com. Paul’s Twitter is @Paul_Eberhart.

***