SD Outlook: There’s not much room on this train, and the conductor just shouted “all aboard”…
We have all been afforded time.
Give thanks to God, give thanks to the cartel, or give thanks to whatever or whoever you want to give thanks to.
Because we all have had extra time to prepare.
We have had time to prepare to convert our wealth into real, physical gold and silver, which will not only preserve our wealth, but which also has the potential to see massive returns on our investments.
I think we will see those returns in the short and long-terms, as in for years to come.
But also give thanks for, hopefully, being able to use our time wisely, and most importantly, freely, to work on those other things that aren’t simply stacking gold & silver.
Well, for example, this weekend I spent most of my time repairing, building, configuring, but mostly screwing-up used desktop PC’s.
What can I say?
I do know enough to screw-up a computer!
But there is a point here – I was learning new skills, honing in on the skills I already have, and keeping it fresh because everybody knows that skills are perishable.
Well at least everybody should know that skills are perishable, but learning is a skill just the same, and some people never catch-on.
Since the weather was nice and since there was relative peace, both at home and abroad, I was able to really dial in on my hardware and software skills.
Why is this important?
This is important because having gold & silver is one part of my financial plan, but so is learning how to do new or challenging things, to make myself adaptable, versatile, and to be able to do things that others can’t do.
There is demand for those kind of skills, which means in an economic collapse, which I think is coming very soon to the globe in general and to the United States especially, those skills are going to be sought after in ways that are underappreciated and undervalued right now.
What are skills that are underappreciated and undervalued right now?
Oh, auto mechanics and anything mechanical in general, plumbers, welders, construction workers, network techs, computer repair techs, electricians, hunters, small-scale farmers, etc.
You see, instead of our current throw-away society, if the tables are turned, as in the United States turns into the 3rd World in regards to class-structure, opportunity, government interference, and more, which I think is nearly complete, people will still need to eat, have their cars repaired, have their networks maintained, and have their pipes installed.
Sure, there is this whole “forced obsolescence” thing with the latest whiz-bang iPad, which sure is sleek and cool but not really a workhorse, but I think the pendulum is naturally swinging back to the true meaning of durable goods which is “upgradeable and repairable”, and upgraded and repaired they will be.
So think about it this way: Having gold & silver are having the ultimate in money, and having money is the ability to do things or get things done, and having skills is one way to get more money.
Said differently, We can not thrive in the economic collapse with gold & silver alone.
We can’t thrive with gold & silver alone, that is, unless you have on incredibly massive stack of precious metal lying around, but I’m talking about Average Joe here, who does not have that kind of stack.
Having skills going forward is important once the job losses start mounting.
We need to be adaptable, and with this extra time we’ve been given, we can all use it to work on improving our skills, so to say.
Let me summarize my point one more way, because it is important that everybody understands this – the person who has those real, currently underappreciated and undervalued skills should do fine in the economic collapse, the person who has a nice stack of gold & silver should do fine in the economic collapse, but the person who has both the skills and the metal?
That person will do more than just fine.
In ways that are life-changing.
That person will thrive.
Be that person.
The gold-to-silver ratio is telling you what to buy:
Of course, when I say that, I’m assuming you would like some free gold at the end of the cycle when the ratio bottoms-out.
Who wouldn’t like free money?
I think silver is about to make a quick run to break-out above $16.50, possibly this week:
The cartel will naked short the crap out of some paper contracts, but all they will do is cause open interest to surge, and when that happens, the technical analysts and chartists will say we’re goin’ back to $14.
Once we crack $16.50, I don’t think we’re going back to a 14-handle, but we’ll see.
Gold looks like it wants to run higher:
The next break-out should land us above $1450.
Let’s see if some volume comes back to palladium:
I think the chart looks good with palladium’s trend-line signaling a move to $1750.
I think platinum will surprise with the speed at which platinum moves above $900:
I think platinum moves when silver moves, so if we see silver’s move to $16.50 this week, I think we see platinum’s move to $900 this week, but again, I really don’t like putting price and time in the same forecast, so if I’m wrong, I think I will be wrong about the timing but not about the price.
I’m looking for copper to decisively take-out $2.80:
At the risk of sounding like a broken-record, I think copper’s move will happen along with platinum & silver’s.
The bottom line is once either copper, platinum or silver breaks-out, we need to keep monitoring the other two for confirmation, especially if it’s copper that breaks-out first because a copper break-out could be signaling a physical supply issue with silver as most of the world’s annual silver production comes from the mining of other base metals such as copper.
Crude oil has room to run to the upside:
Crude oil’s trend-line is roughly pointing to $80, and I think we get there sooner than later.
The stock-market is still making the money printers and their government beneficiaries & enablers super-fat:
And it’s making Average Joe super-lazy because Average Joe’s been conditioned to think we live in the greatest economy ever and that the bestest stock market ever, will go on forever, and Average Joe also thinks the money printers and their government beneficiaries & enablers will have Average Joe’s back, but we know that as long as the cartel has control of the “market”, the money printers and their government beneficiaries & enablers will continue to get fat as the cartel brings down the stock market, and Joe, in his laziness, will get wiped-out.
Average Joe is also severely lacking in the “skills” department, so you can imagine just how bad it is going to be.
In addition to being super-lazy, Average Joe is now totally complacent:
And everybody knows that when in a state of peak complacency, bad things happen.
Yield on the 10-Year Note will be important to watch this week:
I am expecting a move higher to 2.2%, and if that happens, gold & silver could come under pressure, but I don’t think the move in yield lasts that long because everybody is expecting the Fed to cut interest rates at the end of this month, so no matter how high yield gets, I think the real speed of the move will be to the coming downside.
The cartel sure has set-up the dollar for a difficult forecast as the dollar sits right there on its 200-day moving average:
I think we could get to 95-handle fairly soon, but a pop to the 50-day moving average or even to 97.50 would be a good way for the cartel to keep the dollar bulls & bears guessing.
The bottom line as we find ourselves here on this beautiful day in Mid-July?
There is barely any space left on this train, and it is leaving the station.
When we get to our destination, gold & silver will be one part of it.
We will also need skills to be able to put our metal to work.
And to be able to work for stacking more metal.
No, it’s not greedy to say “stacking more”.
If you understand we must rebuild.
I want to rebuild for the better.
I hope you also want to.
But no matter what.
We’re ’bout out.
– 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.