SD Friday Wrap: The markets, economy & politics descend into collective madness as gold & silver climb into break-out position…
The Fed’s printing money again:
“Quantitative Easing” (QE) is the term smart people like to use to make it not sound so Weimar-ish, but no matter what you call it, the Fed’s balance sheet is back above $4,000,000,000,000.
The apologists, enablers, active participants, armchair quarterbacks and all the others who think this is somehow cute, the Fed is only doing what the market needs, or that the Fed can be fixed or even reformed with just the right amount of tweaking, like to use the term “balance sheet expansion”.
I call it the start of the US dollar hyperinflation.
As in the dollar collapse.
The take-down of mighty King Dollar.
The death of the Petro-dollar.
And everybody’s just cool with the Fed turning it into a death by a thousand cuts?
Post-honest money society is descending into collective madness.
President Trump’s kicking ISIS butt again:
We have defeated ISIS in Syria, my only reason for being there during the Trump Presidency.
— Donald J. Trump (@realDonaldTrump) December 19, 2018
That was when we had supposedly “defeated ISIS” more than one year ago.
And please just ignore the pesky little fact that there is actually another reason for being there:
Wrong Tweet again!
What I meant to say was, plans change:
Apparently, we do need the oil?
But I digress.
Here’s what I was referring to:
The S&P just hit an ALL TIME HIGH. This is a big win for jobs, 401-K’s, and, frankly, EVERYONE! Our Country is doing great. Even killed long sought ISIS murderer, Al-Baghdadi. We are stronger than ever before, with GREAT upward potential. Enjoy!
— Donald J. Trump (@realDonaldTrump) October 28, 2019
I think I will “enjoy” this total awesomeness!
Oh, wait a second:
ISIS has a new leader. We know exactly who he is!
— Donald J. Trump (@realDonaldTrump) November 1, 2019
So much for ISIS being defeated.
It was a good victory while it lasted.
How convenient, right?
The question is, why are there so many unanswered, inexplicable questions surrounding Baghdadi’s death, only a few of which Mike and I were among the first to discuss on Monday:
There is a point in bringing up both the Fed and President Trump to start this Friday Wrap, and this point’s not going to be easy for many people to read, especially for the Red Hats, but I do not choose the dynamics at play in the economy and the markets, I only discuss them, and so this point has to be said: The Fed’s lies and Trump’s lies have kept the markets afloat and the economy alive through the month of October.
Although as a society, we’re descending into sheer madness to keep the markets afloat and the economy alive.
Here’s a sampling of the madness: The US markets and economy are booming, yet the Fed is printing like crazy.
Here’s some more madness: The US has defeated ISIS and killed the world’s number one terrorist, yet ISIS has already re-organized and re-structured its chain of command.
The Fed will not tell the truth.
Neither’ll Trump tell the truth.
The Fed will only destroy the US dollar, economy and markets.
President Trump will only lie about lies about lies.
Pure madness has kept the market afloat and the economy alive, but the madness will not keep the markets afloat or the economy alive for much longer.
What’s the next step in this progression?
We’ll go into shock.
We’re nearly going into shock now, and once we do, it won’t be much longer.
What won’t be much longer?
Arriving at maximum pain.
Economic misery and financial ruin.
I’ve been looking for gold & silver to begin their rallies this week:
The turn-around has been impressive, although I’m not liking the fade off of the day’s highs, but I guess I’ll settle for a turn-around.
Besides, there is no denying silver’s daily chart is bullish:
I will not be surprised one bit if we see a break-out move in silver next week.
In fact, I’m kind of expecting it.
Gold is still standing its ground at $1500:
I think we are sitting pretty good here above the 50-day moving average, and the trading volume over the last few days has been impressive.
Considering the surge in brand-new, purely financial products entering the paper gold “market”, the fact that gold has been standing its ground here says a lot about just how massive the “flight to safety” might be.
The bottom looks ready to fall out of the gold-to-silver ratio:
If I’m right about silver having a break-out move next week, then we should have no problems taking-out that low print of 78.92.
Palladium continues to hit fresh all-time highs:
Are we going to get some consolidation here at $1800?
If gold & silver break-out, then we might not get that consolidation for a while.
Platinum’s surge is looking pretty strong right now:
We’ve got the second higher-low and second higher-high in just his week, and we still have some more room to run before platinum screams “overbought”.
Crude oil fell for the first four days of this week until today happened:
It’s starting to look like a break-out move is coming in the price of oil.
Copper had taken a trip down to the support line of its rising parallel channel:
I’m reluctant to call it a rising megaphone pattern because that would be like the longest megaphone, ever.
Everybody’s now looking for a melt-up, blow-off top in the US stock market:
Which tells me there’s a high probability of the market crashing before the melt-up, catching most people by surprise.
Everybody was so sure, after all, of an October stock market crash, yet here we are, with fresh all-time highs in the stock market just today!
Using the VIX as a proxy, everybody believes the Fed has their backs:
Everybody will soon come to learn that the Fed never had their backs, but rather, everybody was set-up for the slaughter.
Yield on the 10-Year Note wasted no time in positioning for a 4th rate cut in 2019:
For now, it is “ask and ye shall receive”, and it will be that way until the Deep State Globalists induce the crisis.
Despite the record high stock market and the move into the US bond market, there’s nothing but the sound of crickets in Strong Dollarville:
The bulls must also be very nervous that Trump is back to talking down the US dollar on Twitter.
What’s the bottom line as we find ourselves here this beautiful first Friday of November?
The markets and the economy have been propped-up by the Fed & Trump’s lies.
The thing to understand is the Fed & Trump don’t even have to tell the truth.
All the Fed & Trump have to do to crash the markets is to stop the lying.
Which means the US economy & markets could blow at any time.
Some people think they’re smart enough that they’ll get out.
But that’s the funny thing about Deep State Globalists.
A person can have plenty of market intelligence.
Yet have their wealth vaporize just the same.
The Deep State Globalists do not care.
Who gets out and who does not.
No intelligence defeats this.
And skills matter not.
It’s not a game.
What is it?
– 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.