And Just Like That: The Bottom Falls Out Of Silver

SD Friday Wrap: Despite the “good for gold” jobs report, and despite copper & crude oil break-outs, the bottom has fallen out of silver…

Editor’s Note –

This shootout thing in Florida is bothering me for some reason.

A couple questions come to mind, for now, though I’m really trying to not think about it, or spend any more time on it:

  • Did the “bad guys” even fire any shots?
  • How many rounds did the police fire?
  • Why is the mainstream media dead silent on what went down?

We discussed the shoot-out, unscripted, in or live-stream today.

Before it was, you know, a thing:



What a finish to the week!

The bottom has fallen out of silver!

Might as well do a run-down of the fundamentals:

  • The Impeachment Inquiry is nearly an actual Impeachment.
  • We are no closer to a trade deal, at all.
  • “Dotard” & “Rocket Man” tensions are rising.
  • Civilians are getting killed in fierce daytime street gun battles in Florida.
  • The Fed’s emergency stimulus has been turned up to eleven.
  • Etcetera, etcetera, etcetera.

If I saw those headlines, I would naturally be thinking that silver would be up by a buck or two.

Instead, behold the “free market”:

We’re down by over 4.5% from just two days ago!

There’s nothing we can do about it because we have a corrupt, rotten system, and the people are content with gambling in a rigged casino.

So we might as well like it for the new stackers out there.

New stackers have been given a wonderful opportunity here, thanks to the cartel’s active precious metals price suppression!

At least we’ve got that spike in the gold-to-silver ratio I’ve been looking for:

If we break-out above 88.67, which we’re close to now, then I’d say get ready for even better silver prices!

Gold is indeed on sale, albeit to a much smaller degree than silver:

If the gold price does hold here, however, we could argue for a second lower-low on the daily chart to go along with the higher-high.

In other words, we could even argue for a short-term bullish trend developing.

Regardless, I really wish we could just get the flush-out over with already and get to “extremely oversold” levels on the RSI.

It’s almost as if the point is not so much the price, but the pain.

And the beatings will continue until morale improves, so we might as well like it.

For as long as people gamble in the rigged casinos, the casino is open for business.

Platinum has been pinned to $900:

Platinum’s price is also pinned just below its 50-day moving average, which is making a b-line for its 200-day moving average.

If we don’t break-out soon, platinum’s chart will be painted pretty darn bearish, like $860 bearish, as a starting point, in my opinion.

Palladium hit a fresh, all-time record high today, above $1850 in the early afternoon:

I’d be looking for palladium to pull back to $1800, or possibly even down to its 50-day moving average as early as next week before moving much higher.

Crude oil is breaking-out, well above its 200-day moving average:

Maximum pain (at the pump) is coming, and it will likely be nicely timed to those 2019 Christmas-holiday-shopping credit card bills hitting the inbox.

Check-out copper breaking out:

If copper can get through here and get a solid close above, say, $2.80, there’s little resistance until $2.90.

Translation: If you thought inflation was bad now, you ain’t seen nothin’ yet!

Today, the Russell 2000 is the lone major US index (at the time of this writing) to hit all-time record highs:

After Trump’s lashing out at China on Tuesday, notice the magical reversal.

That coincides with the “trade war optimism”.

And that is how we end the week, I suppose: On trade war optimism, with some “booming economy” a la November Jobs Report thrown in for good fun.

Of course, with just one listen to this interview, it should be obvious that the US economy is not only not booming, but deathly sick:

The trade deal won’t help the Farmers, and both the government’s burdensome regulations and our highly financialized “markets” are really harming American Farmers, but aside from those two little uncomfortable truths, yesterday’s interview with Brian should be required listening to anybody who eats food.

The VIX nearly round-tripped to “unch” this week:

Of course, I’m writing this well before the nearly clockwork 3:30 p.m. EST stock market ramp job, so we may finish the week unchanged by the time it’s over.

Yield on the 10-Year Note pretty much did round trip to unchanged:

I would expect very little movement from now until 2:00 p.m. EST next Wednesday, however, and with yield sitting where it is right now, the signal it’s sending is indeed a Fed “hold” on interest rates next week.

It was hilarious to watch the dollar bulls pumping the dollar today on Twitter:

The dollar fell for 5 consecutive days, so it was due for the cartel to paint a bounce on the daily chart.

Besides, the “good news is good news” meme helps shape the narrative of the “market” move.

What’s the bottom line as we find ourselves here this beautiful Friday in early December?

The bottom’s fallen out of silver’s daily chart, making now about the best time to buy.

Investors looking to save just a few pennies more could pay more in the end.

Due to rising premiums, in something that I like to call “premium creep”.

Nothing fundamentally has changed with gold & silvers’ outlook.

If anything, the fundamentals are even more bullish now.

Furthermore, we haven’t had any bad weekends.

With any of those “world changing events”.

You know, where bad things happen.

As in false flags or hoaxes.

So it could all change.

At the drop of?

A bomb.


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 Paul’s Twitter is @Paul_Eberhart.