It sure looks like the Cartel has finally called off the dogs, however, and that the bottom for silver is in…
Who called the dogs off?
This doesn’t look like a dead cat bounce:
That looks like a bottom to me.
The US dollar has barely budged:
More proof this is nothing more than a good old-fashioned woodshed beating.
They don’t even take silver behind it anymore, nor do they confine the beatings to the middle of the night.
Here’s an interesting divergence between copper and silver:
I know, right?
Copper is signaling that inflation is here, and silver, coin in-hand, one of the only two pure, counter-party risk free inflation hedges out there, along with gold, is being sold faster than the new Xbox at Walmart on Black Friday!
Everybody knows the new Xbox has been sold out for weeks:
Black Friday included.
And it’s a good thing I don’t let my kids have one of those, either, or the PlayStation, or I’d be up the creek without a raft or something.
Because there’s something else interesting going on, so see if you can spot it:
The actual prices that people have paid and are paying for the new
silver coin Xbox, in-hand, is nowhere near the spot price at Walmart!
Haven’t we heard that before?
Maybe, but where?
As is the spike in palladium:
Just ignore that pesky price spike in one of the four precious metals, and the Cartel thanks you in advance.
OK, “Hey Half Dollar, just stop with your nonsensical, incoherent rambling right there and don’t try to weasel your way out of this one, either, so just go ahead right now and admit that your call about silver rallying this week was wrong Mr I’m-Too-Good-For-Charts-To-Matter-Even-Though-I-Don’t-Know-How-To-Read-Them-Anyway!”.
I was wrong.
I made one bad call.
Why don’t you go tell the Chart Huggers to admit their call for lower-lows was wrong as silver didn’t even break down below $22!
On second thought, never mind because they never admit they’re wrong.
Now, I would say my original call from August 11th is still proving itself to be the correct call, which I called before the Chart Huggers came out with their calls, but since I don’t believe in excuses, I won’t say that.
I will say this, however: I think silver has bottomed, and the reason I think silver has bottomed is because the Cartel has already dropped silver’s price by more than 3%, today alone, and in case anybody has been living under a rock this entire year, Black Friday in 2020 couldn’t even lure in the Walmart Zombies, and in case you haven’t gotten the memo, all of the things that people actually want this year, and especially this Christmas, are not available anyway, so why would Silver Bugs, stackers and other smart investors not look to park some of those hard earned but soon to be worthless savings of Federal Reserve Notes, commonly called the “US dollar”, in some shiny phyzz on Cyber Monday?
Which, by the way, is rapidly morphing into “Cyber Week”!
Can the Cartel risk it?
I don’t think so, unless they’ve gone mad, but then they wouldn’t really care.
Platinum has climbed its way back to “unch”, year-to-date:
I’d say blast-off is next, but I won’t say “to da moon!”.
Crude oil is also signaling inflation is here:
Think about it this way: The Fed, by way of stated policy, is pushing inflation ABOVE 2%, by design and on purpose, and just today, the Cartel is offering silver on sale for a 3% discount!
It’s not rocket science.
It’s called basic math!
Speaking of which, here’s some more basic math I just did that all Silver Bugs, stackers and other smart investors will want to see.
We see they’ve really pounded gold this week:
There is just something about holiday traditions, you know?
The gold-to-silver ratio has a 78-handle:
While the ratio is rising for the stacker friendly reasons of falling prices, I wouldn’t look for silver to fall much more in price, however, especially considering how far away silver is from its all-time record high, set in 1980.
The VIX fell into the teens today:
The stock market continues its grind higher:
Will the stock market crash in a meaningful way before the US dollar hyperinflation on Main Street?
Interest rates won’t rise all that much:
They are, after all, killing the US dollar.
And to think, prices are rising everywhere, and prices are rising on everything, except for on gold & silver, of course, and yet the US dollar index still hasn’t fallen out of the bed:
But the floor isn’t soft or carpeted: It’s more like a pit of molten lava filled with acid!
Bottom line as we find ourselves here this beautiful Friday in late November?
Everywhere we look, store shelves are empty and prices are rising.
Low inventory looks like the aftermath of a good Black Friday.
But it’s really just complete and total economic collapse.
Everything important is disappearing from stores.
Stuff that people really want is vanishing too.
Pretty soon, all that is left will be trivial.
When those retirements vaporize?
When the pensions go poof?
It’s monetary oblivion!
And for the dollar?
Will it go too?
– 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, a former amateur trader, and a Silver Bug at heart.