SD Midweek Update: The cartel faces its biggest challenge this week, and we’re about to find out if they’re still in control of gold & silver…
The move is silver is just getting started, and the moves over the last couple of months have been driving the chart huggers nuts.
Well, the technicals are all screaming “overbought”, but what the chart huggers do not understand is that what we’re seeing has absolutely nothing to do with the charts right now.
Natural forces are finally starting to matter, and they are starting to matter big time, so we see things like an overheated RSI and other technical indicators screaming “massive correction coming”.
Yet we keep rising in price.
Silver is up over 35% since May 28th:
Which is another reason why the chart huggers are missing all of their calls, and horribly so.
Have we seen the upside surprise I’ve been looking for?
We have not.
Over the last few weeks, I’ve said during our live-streams, which airs at 12:00 p.m. EST on our YouTube Channel today (link to live-stream), that silver will be blowing through various price levels, and that is exactly what we are seeing, but we’ve only just begun the moves.
Snipers can take out multiple targets in an instant, you know?
A .50 cal to the head will…nevermind.
We’ve blown through $17.50 and $18.50, but I think we’re also going to blow through $21, $25, $35 and $50.
There area couple of “7’s” that are showing up on the gold-to-silver ratio:
I see more fuel added to silver’s fire.
Looking at the ratio over the last few years, we see the ratio has much further to fall:
What would be the silver price with gold at $1750 and the ratio at 60?
That would be $30.
Yes, I rounded.
For everybody knows ‘Ol Half Dollar ain’t no dang mathematician, but he does know how to use a calculator.
It would round down to $29.
Right now, there is a bunch of chatter in the mainstream about all of Trump’s economic gains reversing, and part of Trump’s economic gains came in the form of even more hardcore suppression of gold & silver, so yeah, the gold-to-silver ratio is going to revert with a vengeance.
Now would be a good time to revisit my “chained dog theory”.
That is to say, unless you are a Deep State Globalist, then you are a chained dog, and as chained dogs, we’ve been kicked endlessly, we’re forced to sleep in our own dogcrap, if we’re lucky it rains and we get water, and if we’re really lucky we get some rotten scraps thrown at us to eat.
What does a chained dog have to do with all of this?
Well, you can only kick a chained dog so many times.
Deep State Globalists love kicking chained dogs.
It’s one of their most very favorite things to do.
And we’re right there, right now.
We’ve been kicked one too many times.
The dogs are angry, numb to the pain and full of rage, and there will be no more kicks because the dogs will snap their chains and lunge straight for the neck.
Need I explain how that ends?
The cartel is going to have one heck of a challenge to finish the week;
We get our trade war data today, and we have not one, not two, not three, not four, not five, but six Fed Heads spewing their hatred towards free markets, and that’s just today.
On Friday we get the “most important jobs report, ever”, which is also traditionally one of the two favorite times for the cartel to come in and smash.
Will they be able to smash this week?
I don’t think so, but if they do I doubt it lasts even the day.
Gold has paused for the time being:
Call it consolidating if you want, but I don’t think the charts matter a whole lot right now, and I do think the cartel is truly stuck here.
Well, gold is about to break-out above $1600, and silver is about to break-out above $20, so where does the cartel focus their efforts?
Side Note: Will there come a time when charts begin to matter again?
Yes, but not until it’s out with the old and in with the new.
The stock market is about to start falling again:
So the cartel will have their hands full with that too.
I apologize in advance for being all over the board today in this Midweek Update.
Things are moving fast right now, so article volatility is kind-of fitting, but, more importantly, it just goes to show how all of these “markets” are interconnected.
That is, until they blow.
Why are the markets so interconnected?
Because they are manipulated 24/7 at this point, and I’m talking about pretty much all markets and certainly all important markets in the US and around the world.
Check out platinum’s continued surge:
That is my upside surprise, but more importantly, it just goes to show that the “fear trade” is truly on because while platinum is mostly used in industry, platinum is indeed a monetary metal, and we’re in the middle of an undisclosed, unofficial and unacknowledged full-fledged fiat currency crisis.
This is important, so let me repeat it: We are in the midst of a full-fledged, global fiat currency crisis.
OK, “Hey Half Dollar, how are we in the middle of a full fledged currency crisis when the dollar is strengthening?”.
The answer is because the Exchange Stabilization Fund is in there with control over the US dollar to make it appear as if there is a “flight to safety” into the dollar, but what is really going on is all fiat currencies are blowing up, the dollar included, so the Deep State Globalists are taking advantage of the idea that there may still be a few people who are seeking out safety in the dollar so the Deep State Globalists can squander every last bit of fiat they can before the entire thing blows.
Think of it like this: Remember how the building.s_blew-up?
First they were hit, then there were the fires and general chaos, and then they flipped the switch to trigger the explosions and demolition.
Where are we right now in all of this?
The buildings have been hit, and there are the fires and the general chaos, but since it is a more or less controlled chaos at this point, we are in the one final loot before hitting the switch.
OK, “Hey Half Dollar, Mr. Smarty Pants, what are they looting right now then?”.
Good question, again, and the answer is the same as with the buildings: They’re looting the gold.
And now silver.
And now platinum.
And now still other things that are actually things.
Any weakness in silver at this point is an absolute gift, but I don’t think we spend a lot of time consolidating right now, and trying to snipe silver pullbacks may be futile as the target is moving too fast and erratically.
That is not coming, for that is here.
Palladium will catch a bid too:
Palladium is monetary, and while it may not be officially monetized other than a few sovereign mints with their palladium offerings, the fear trade will move into all things that are real, and especially things that are money.
Which is why I think further downside in copper is limited:
Copper and the commodities in general already had their deflation, so while the stock market deflates and the bond market turns into a bond market crisis, copper and the commodities will surge higher.
Crude oil will be part of that surge:
And that is without even considering the fact that I think the Deep State Globalists will bring-on max pain to the United States in the form of economic misery and financial ruin, so yeah, crude oil is going higher.
The economy and the “markets’ are going to get very nasty, very soon.
In the streets.
If you understand the pain the Deep State Globalists are bringing-on in order to crush the United States, you understand why the Heartbeat of America Index has no heartbeat:
The Russell 2000, the American-centric index, will be taken off of life support first.
It’s simple: Deep State Globalists hate Freedom in general and America specifically, so they’ll cling to their multi-nationals until it’s time to wipe them out too.
The Russell 2000, however, will be the signal to all the wanna-be Deep State Globalists that it has begun.
The cartel has, more or less, kept the VIX suppressed through all of this:
I don’t think they keep it suppressed for much longer.
Everybody is back to being a busy body, back from their summer vacations.
Well, those who could afford to take a vacation anyway.
And those busy bodies are about to get hit on the back of the head with a two-by-four.
They have no clue, and they’ll never see it coming.
We’ve done our best to warn anybody willing to listen, but it’s now crunch time, and things will be moving very fast.
Yield on the 10-Year Note continues its fall:
The question is, will interest rates in the US get below zero before they blow-up the bond market?
If it does, then gold & silver will simply move all the faster, so I’m not so sure.
The important part is how much real, physical gold & silver does the cartel have access to, because suppressing gold and especially silver is the basis for all things the cartel has been able to do.
And they can barely keep gold & silver suppressed right now.
Perhaps all they are doing is maintaining the illusion that they’re still in control, even though they’ve lost control?
Right now is the time for smart people to take their dollars out of the bank:
Dollars kept in the system are going to be vaporized into total worthlessness.
Get them out of the system altogether by means of stacking gold & silver.
Because the dollar is strong, and there are so many things to buy.
But silver is dirt cheap, and silver is money – the ultimate tool.
Converting dollars into physical silver means choices later.
People will soon need as many choices as they can get.
But having only a few choices is better than nothing.
For converting dollars into silver is critical now.
To some, it will be a matter of survival.
The system is really coming down.
Time’s nearly out for everyone.
There will be no warnings.
Only their demolition.
It’ll be controlled?
They will try.
– 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.