Conditions do seem ripe for the rally…
President Trump is back to holding his campaign rallies again.
Trump had set the bar high:
Almost One Million people request tickets for the Saturday Night Rally in Tulsa, Oklahoma!— Donald J. Trump (@realDonaldTrump) June 15, 2020
A million requests?
I’ve signed up for tickets to a Trump campaign event before.
Here’s how it works: You sign up for tickets online, which works off of your phone number and specifically by way of text message, and, if I recall correctly, you’re sent a text with an image file or something with a barcode to be scanned for admission.
Those are the “tickets”.
I think I’m recalling it correctly.
Here’s the point: Anybody can sign up.
It’s all about the line.
That is to say, seating has always been first come, first serve, so sure – they’ll give out a million tickets, because they like having your phone number on file, but if capacity is 10,000 seats plus 1,000 on the floor, then that’s how many are getting in.
Hence the camping-out prior to the event.
Here’s an example of the lines that I filmed myself, from this very year!
Which seems like an eternity ago with the speed at which things have changed this year (video will begin auto-playing at correct timestamp for Trump Rally line):
Of course, we all know the chaos that’s happened in the United States since January 9th.
Still, here’s President Trump’s restart of his campaign rallies, from Tulsa on Saturday, June 20th, via MSM propagandist NBC News:
To give an idea of the difference in crowd size, from having almost been lucky enough to be inside of the arena for the January 9th rally (admission was cut off about 500 people in front of us), let me put it like this: There’s no reason to believe the Fire Department in Tulsa is lying when they estimate the arena may have had 6,200 people, whereas it seems like I passed at least that many people just in walking to the end of the line in the video I filmed!
That said, there seems to be two dominating narratives in the MSM as we start the week – the virus and random violence.
To me, that speaks of volatility in the market.
That is to say, it does seem to me that fears of the so called “second wave” are increasing because in my experience, this was casually evidenced when I was out shopping by what was clearly increased mask usage when mask use had been decreasing in prior weeks.
And as far as the violence goes, it’s moving away from massive, civil unrest style of riots and looting to directed violence.
Let’s check out a sampling of the mainstream news to show the major themes at the start of the week.
CNN is mostly playing the coronavirus card:
Notice the twist, not once, but twice, as far as the “young people” go.
Fox News is mostly playing the random violence card:
Guns seem to be the emerging modus operandi, but vehicles are still being used as the next screenshot shows.
Bloomberg is playing all of the cards:
Which is why I think we’re ripe for a volatile week and a gold & silver rally.
In other words, it could be a good week for gold & silver as hedges against uncertainty and for the fear trade.
The gold-to-silver ratio is starting the week in the upper 90s:
If we’re rallying here, which I think we are, then we could be talking about at least an 89-handle by the end of the week.
The golden cross approaches:
Even the technical analysts would have to admit that’s bullish!
Gold is going to get exciting when it cracks $1800:
We sure have been consolidating for some time, and it sure looks like we’re ready for the break-out, doesn’t it?
If we do rally here, I think palladium will be the laggard:
Which also means we could be talking about gold at parity with palladium by the end of the week as well.
I think platinum, on the other hand, will perform more like silver:
Arguably, platinum, from the standpoint of value, gets the “hedge against uncertainty” and the “flight to safety” bids before palladium.
Copper’s wall of worry continues:
Copper is setting up for a golden cross of its own.
Crude oil is still the big wildcard:
If we rollover here, does that mean that on Main Street, it’s not a “V”-shaped recovery, or a “W”-shaped recovery, but an “Inverse Square Root Symbol”-shaped recovery?
If the stock market “rally” truly is because of young, inexperienced retail traders, volatility should get interesting:
Although we must not forget the VIX is one of the easiest things to manipulate in the entire world.
If we’re going to put in a lower-low, then it’s going to be one scary fall for stock market investors:
People say, “they won’t let stocks crash because of the pensions”, but that’s exactly the point, because when you’re evil, which the Deep State Globalists are, then you want the elderly financially devastated.
I might be saying “zero-point-five” soon:
How can the bond market bubble pop without a meltdown in yield?
It will be interesting to see the action in the dollar index:
Especially if the Cold War with China or the Trade Wars see an escalation this week.
Bottom line as we find ourselves here this beautiful Monday in late June?
The outlook for Main Street is not good coming off the weekend.
Trump tried to re-boot his campaign, but it was an epic fail.
Additionally, the MSM’s pushing the second wave fears.
And they’re also pushing the random violence fears.
So with so much bad news going on, well now.
Trump is in desperate need of a victory.
But instead if the market plunges?
He’d be dealt another defeat.
Will the metals rally?
We’re ripe now.
– 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.