ROCKSTARS: People Still Rockin’ Out To Trump & The Fed’s “Booming US Economy” World Tour

SD Outlook: This week looks a lot like the last two weeks, only this week, the bottom could really fall out of gold & silver. Here’s why…Rock on!

For now, it’s business as usual.

All systems go.

President Trump is a television and WWE wrestling star rockstar.

He can do no wrong.

I’m just not sure if President Trump is the opening act, or if the Fed is because the Fed is full of rockstars too.

Furthermore, the Fed is certainly going to be on stage for the first three days of the week:

Notice I didn’t even highlight all of the Fed related events from now through Wednesday.

So it would look like the Fed is opening for Trump this week, especially considering Trump opened for the Fed last week with the ramp-job escalation of the “trade war”.

Not that it really matters who is the opening act and who is the closer.

I once saw Faith No More, Metallica, and Guns-n-Roses in the early 90’s at Phoenix Motor Speedway (if I recall the name correctly, and I think it was 1992).

Faith No More opened, and that is obvious, so let’s just pretend it was Metallica and Guns-n-Roses.

Do you know who opened for who?

It doesn’t matter.

Does it?

I don’t think it does.

Tool said it best: “I sold-out long before you ever heard my name”.

If anybody is interested, that song is called “Hooker with a Penis”.

And why have I thrown Tool into the mix?

Because when it comes to Metallica and Guns-n-Roses, both of them had already sold-out long before I saw them in concert in Arizona, and suffice to say you do not become a “rockstar” without selling out.

I’ll leave the details of what selling-out means to you, ’cause everybody thinks ‘Ol Half Dollar is a part-time nut and full-time conspiracy theorist anyway.

OK, “Hey Half Dollar, we actually think you’re a full-time nut and a crappy conspiracy theorist, but what in the heck does a Metallica and Guns-n-Roses concert have to do with Trump and the Fed?”.

What it has to do with Trump and the Fed is that back in the late 80’s and early 90’s there were what could only be described as “mega-concerts”, and I know this because I went to many of them as I came up a tail-end Generation X’er.

Just watch some old 80’s & 90’s rock concerts on YouTube to see what I’m talking about.

Everybody could afford to go to the concerts.

Tickets were cheap, and you really felt a connection with the band.

Today’s music concerts?

Flyover America can’t afford the ticket prices anymore.

Seriously.

That said, President Trump’s tickets to his rallies aren’t just cheap, they’re free!

And the Fed?

Well, their tickets are free too.

And, just like the heyday of M-TV (Music Television), there sure are plenty of VJ’s putting on their knee-pads and going down on the President and the Fed.

This will pass.

It will be because the US is collapsing and the Average American is getting farther and farther behind.

For now, like the Rockstars they are, Trump and The Fed are selling-out all of their concerts.

Everything seems normal, and the sheeple remain oblivious to what is happening.

Next Monday is an important Holiday in the US, which means a long weekend.

Memorial Day’s one of the few holidays that some employers still respect.

So with everybody singing along to Trump & the Fed’s catchy tunes.

This week may very well mark the peak of the mega-concerts.

And since it is a long weekend, we know what that means.

There were Easter attacks on Churches over Easter.

But that was mostly reserved for Christians afar.

If something bad goes down this weekend.

This would mean it is directed at the US.

Targeted for some sort of bad attacks.

Which would have the most effect.

Because of America rockin’ out.

It was Metallica who opened.

Last week it was Trump.

This week the Fed?

Either way, well.

Stage hands.

Prepping.

Gold &.

Silver.

Yes.

Which could very well result in a blow-off top in the gold-to-silver ratio:

If they attempt to smash silver under $14, then I’d say the gold-to-silver ratio will blow-off.

Here’s silver’s daily chart all nice and set-up for the fall:

My gut says rally, but the chart says triple-bottom, and I think that is now the intention, the question is at what price is the massive bid?

Gold has been holding-up better than silver, but I’d be looking for the cartel to smash gold below its 200-day:

Plenty of room to run to the downside too, but, like silver, the question is, what price triggers the massive buy orders for gold?

Palladium is still above $1300:

Palladium’s strength compared to the other three precious metals reminds us that physical supply does indeed matter.

Platinum’s chart continues to be all sorts of ugly:

Would that be considered a quadruple-bottom?

Notice the theme with copper’s daily chart:

If this is yet another week where the mainstream liars and propagandists maintain a sense of normalcy, we my even hit that triple-bottom this week.

Crude oil, on the other hand, looks to be making the turn:

We haven’t said this lately, but it is about to be pertinent again – A rising price of crude oil acts as a rising price floor on the precious metals.

The outlook is not good for the Heartbeat of America Index:

 

As goes the Russell 2000, so goes the MAGA hype, or, as I have called it – Peak Trump.

Yet again, the VIX looks perky:

It looked that way last Monday too, until the fear gauge was walked back down from Tuesday through Friday.

My argument for things appearing normal make sense when looking at the US dollar:

A break-out in the US dollar are the ticket sales to Trump and the Fed’s concerts, but even if we get a short-lived break-out here, I think this is about as good as it gets.

So it will be very interesting to see what happens to yield on the 10-Year Note:

I’ve been calling for fresh 52-week lows, and I do think we get there, but I also thought we’d get there last week.

We may be going through the last sense of normalcy this week, especially as ticket sales are booming.

But here’s the thing to know about concerts – the Rockstars always save their very best for last.

I can see this concert ending with both bands on stage, jamming some classic rock cover.

It is a safe bet that the last song played at this concert just screams “America”.

As the final notes reach their crescendo, with that song-extending riff.

The guitarist is slowly working his way up the frets and whaling.

The drummer’s on a final roll and about to hit the cymbal.

The singers have stopped running around and now.

They’re front and center, fisted-mics held high.

Crowd is screaming, jumping up-n-down.

To the sound of the last guitar note.

With a last crash of the cymbal.

The lights go out, it’s dark.

Fireworks shoot-up.

The grand finale.

Then BOOM!

It’s over.

Done.

US.

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.

***