Cartel Pounds Silver Price Down To $17.36…Time To Back-Up The Truck?

SD Midweek Update: Epstein cover-up? Si! Coup against Trump? Yup! Silver price suppression? Crazy conspiracy theorist!

Silver is getting hit pretty hard in the early morning hours.

At the time of the pressure, the COMEX hadn’t opened yet, and the cartel has succeeded in smashing the white metal under $17.50:

A loss of over 10% (over 11% since early September highs) is what we call a “correction”:

Is under $17.50 a “back-up the truck” price?

I think it is, but even if it’s not a back-up the truck price, at the very minimum it’s a “gas that sucker up and make sure you’ve got enough ratchet straps” price.

A 16-handle would certainly be a back-up the truck moment, but I don’t think the cartel smashes silver’s price that low.

I mean, $16 silver, in late 2019?

Remember: Above all else, and I do mean all else, Globalists and Deep State Globalists hate silver more than anything in the entire world.

Seriously.

This only goes on because the Fed, the US government and the banks work in conjunction to make it happen, and traders willingly gamble in the rigged casino to perpetuate this evil corruption.

Now, I’m not going to judge anybody for playing in a rigged casino, for my point is that this would not be possible if it were not for myriad enablers, traders included.

OK, “Hey Half Dollar, you don’t get it man, people aren’t just going to stop playing in the rigged casino, so why should I?”.

Meh.

That’s exactly why the United States is going to destroy itself from within, because nobody is willing to give something up to for the good of the republic.

Nobody.

They call it a “dog eat dog” world for a reason.

But I digress.

What’s the catalyst for this morning smash?

Well, there’s not much going on with the events calendar:

With the little that is slotted for today, the news isn’t even all that good.

For example, mortgage applications, taking the number at face value, declined on the week, even if the face of falling interest rates.

So this is just plain old precious metals price suppression, because they can, and because nobody will actually do anything about it.

It will go on for as long as the cartel is willing and able to feed actual metal into the market.

In other words, there is indeed a limit, and we are indeed close to that limit right now.

Gold is under pressure as well:

It’s just some painful, grinding consolidation, however, for those who don’t play in rigged casinos, but rather, dollar cost average the purchase of actual metal to both hold wealth outside of the system and also to stick it to the banks, then this consolidation really is not all that bad.

The gold-to-silver ratio has popped:

And for the stacker friendly reason of falling prices.

I don’t know about you, but I always try to buy Coca-Cola on sale, so why would I not want to buy gold & silver when they’re on sale, such as the case during these cartel fits of rage which result in lower prices?

Palladium’s got a little dip going on:

What is it people do in bull markets again?

Oh yeah, they “buy the dip”.

Platinum continues to be treated the same as gold & silver:

The fiat currency crisis has started, and it’s global, and since platinum has all of the properties of money, and because right now platinum is historically undervalued compared to gold, the cartel is also trying to stave off Platinum Fever for as long as it can.

Crude oil is currently testing resistance at its 200-day moving average:

Crude oil is up slightly on the year, but pretty much unchanged from one year ago, but in my opinion, this sideways channel isn’t going to last much longer.

Copper continues its charge higher:

Talk about a wall of worry, and for mere pennies!

The Russel 2000 still hasn’t joined the US stock market all-time highs:

No, it’s not natural that the US economy is in a rapid state of decline, and yet the Russell 2000 keep charging higher.

The VIX is about to put in a “death cross”:

Which is quite funny, in a sick and twisted way, although there’s really just not much more downside from here.

Yield on the 10-Year Note is certainly volatile, and over the last few days, to the upside:

Which is a good excuse the manipulation deniers can latch on to as to why gold & silver prices are down.

Because the dollar, on the other hand, does not currently provide the cover:

Despite the slight drift higher, the US dollar index has basically gone nowhere over the last year.

The bottom line as we find ourselves here this beautiful Wednesday in early November?

The cartel is indeed having a hard time keeping gold & silver prices down for long.

Lately, every time silver gets pounded below $17.50, it springs right back.

There is no reason to believe this won’t be the case again this time.

Also lately, all of our live-streams have been “demonetized”.

Why are we now the target of ad revenue suppression?

I think because we are very close to something.

The cartel does not want people to learn.

They don’t want people to opt-out.

Of their evil & corrupt system.

They may win battles.

But that’s about it.

War on Truth?

Truth wins.

Always.

Yes.

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.

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