Scary-scary! Calling all perma-bears! We’ve got the most bearish of bearish chart formations on silver’s daily chart!
Here we go again.
Silver’s going to plunge to new lows!
It’s so scary-scary!
Just take a look at that:
It’ll be instant death!
Only, not really.
You see, the rigged casino is becoming exposed for what it really is, every single day, which is really a bad joke not even worth the smart investor’s time.
Much less “money”.
Furthermore, what’s happening with silver reminds me of those sleazy car dealers that send you those finger-cutting glossy advertisements in the mail.
You know the the ones.
Like, they may have some scratch-off section claming you’ve won a million bucks or $10,000 off a car that’s not even worth $10,000, and you just have to go down to the car lot to see which prize it is?
Or, the one with the “key” taped to the advertisement, which may or may not start the new car of your dreams, even though people who drive new cars of their dreams already know dream cars don’t use keys, much less would they be fooled by leftover plastic cereal box prizes that were deemed a choking hazard and recalled by the FDA?
Or like the ones that advertise a good car at a crazy-stupid low price, only to find out that when you go to check-out said car, there’s nary one of those lemons to be found on the lot?
Kinda like that.
OK, “Hey Half Dollar, or like those all-of-the-sudden ‘woke’ corporations that advertise all sorts of awesome things on Black Friday, only, the store only has fourteen in stock when 40,000 people in the city want one, isn’t it also kind of like that?”.
Good point, and indeed it is.
And what will “Black Friday” mean this year?
Regardless, I’m not super-duper compelled to write about one single thing right now.
You see, the mainstream media has everybody’s attention diverted onto different things, which only can mean one thing: Something terrible is about to happen in order to get all of American society focused on one single thing again.
Let’s make the rounds of the MSM so that I can show you what I mean.
Fox News is playing the “rigged election” card:
As if our elections of real importance were legitimate and not totally corrupted and full of all kinds of fraud already.
Bloomberg is concerned about the dreaded second wave:
With some obvious favors being done for somebody specific who has a stake in some niche, hospitality industry.
Do you even staycation in a hotel, bro?
Reuters is also playing the coronavirus card:
The masks sure look lovely, don’t they?
And CNN isn’t sure if it wants to play the Second Wave card or the Trump the Racist card, so we get a sampling of both:
The question is, how many times can CNN attempt to incite a race war with only 14 headlines?
And then there’s Seattle, which is really a non-starter, because let’s face it, who in their right mind is literally dumb enough to go head-to-head against the full might of the US Military on American soil?
Spoiler alert: Possibly a dumbed-down, pacified group of snowflakes riding on unicorns, armed with glue-guns and glitter, but other than that, nobody in their right mind.
Something bad is about to happen to get everybody’s minds focused on one single thing again.
And I’m not sure exactly what that one thing is, which is why I’ve got a bad feeling about this weekend and what madness and mayhem it could bring.
Shameless plug time: This article I wrote this morning isn’t very long, but it lingers, and when a person gets it, it festers:
Thank you for your consideration!
Today I read somewhere that 10-year old Fortnite players are now day trading stocks:
My son is 13 and has been playing Fortnite for two years, but he’s yet to ask me if his 11 clicks-per-second on a traditional computer mouse with no hacks or cheats enabled will give him an edge in trading.
Either way, if I had a dollar for every dollar I’ve given to Epic Games (the maker of Fortnite) over the past two years, my son could have done one heckuva lot of day trading!
Now he’s good, but everybody knows ‘Ol Half Dollar’s son can’t compete with no dang robo-trading HFT algorithms operating physically closer to Wall Street’s servers and given priority network connectivity with the trades they execute.
But I digress.
If you’ve ever watched a 10-year old (or my son) play Fortnite, the fast-paced action on the screen will literally make your head spin with how fast the player and things move, which is another way of saying the 10-year olds will have no problem with whip-saw market volatility:
And if this rally is indeed 100% because of Robinhood as the MSM wants us to believe, then taking out that March 18th high will be no problemo!
Zero-point-six is what.
Where have all the dollar bulls gone:
Somebody, anybody, please explain to me how that dollar shortage works with an irredeemable, unbacked, and debt-based fiat currency again?
Copper looks super-bullish to me:
The fundamentals support higher prices, and if the charts matter, I like the break-out and the re-testing of the 200-day moving average.
On that note, crude oil has not filled that gap:
It’s easy being a Silver Bug because you know that above all else, it is silver the cartel fears the most, which means they will smash price as long as they can at whatever cost, but having a stake in crude oil in one way or another?
Platinum’s chart is actually bullish for the short-term, technically speaking:
The trend is still your friend, and for now, that friend is sticking with you.
Palladium, on the other hand, is trading in a tighter and tighter range all the time:
I’m sure the perma-bears are talking about a “bear wedge”, and that could be the case, but insofar the other three precious metals play catch-up.
Behold the power of gold:
The cartel fires round after round after round and unloads magazine after magazine after magazine, and yet, there’s gold, still standing.
The gold-to-silver ratio rose a little on the week:
The same people who think silver’s going to 12 (which I don’t) think the GSR is going to 150 (which I also don’t).
Since I’ve already used silver’s daily chart, let’s zoom-in to see just how bad it looks in the short-term:
Oh good grief.
Here we go again.
OK, “Hey Half Dollar, are you saying you’re worried the bottom’s going to drop out of silver?”.
Fair question, and no.
I haven’t put a single dollar into the “market”, nor have I conducted a single trade in the rigged casino known as Wall Street since 2018 (or was it 2017?), so no, I’m not worried at all.
Besides, the more they smash price, the more silver vanishes from the market, so by all means, they can have at it.
OK, “Hey Half Dollar, so where do you think price is headed?”.
I think we’re about to surge to the upside, just as everybody is surely looking at silver’s technical indicators in the near-term and short-term looking bearish.
OK, “Hey Half Dollar, are you a real trader?”.
Well, I’ve blown-up a trading account, so I’ve gone through the pre-requisites!
That said, it’s all about dollar cost averaging real physical anyway.
Little by little.
And bit by bit.
(Not Bitcoin, that crap’s goin’ the way of Camel Cash)
What’s the bottom line as we find ourselves here this beautiful Friday in mid-June?
MSM’s giving us a pandemic, race wars, an over-run city, and rigged elections.
And the lack of focus is giving me an uneasy feeling about things.
How do the MSM propagandists get everybody’s attention?
Why, they do it with a false flag or false flag hoax.
Because we’ve seen the random deaths.
But we haven’t seen them in mass.
So be extra safe this weekend.
Something’s not right.
But 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.