from Silver Doctors:
SD Friday Wrap: Don’t be surprised to see a gap-up in the silver price on Sunday. There’s a very specific reason why it could just happen…
Editor’s Note: These charts were set-up shortly after 12:00 p.m. EST on Friday, August 2nd, 2019.
You wouldn’t know it if you weren’t a chart watcher, but gold hit multi-year highs at 6:00 p.m. EST on Thursday evening:
Of course, pressure was applied to gold throughout the evening, but gold’s refusal to submit goes to show just how much gold is ready to break-out.
If you ever want to know the exact time, and I mean right down to the micro-mini-nano-second, that pressure is applied, then hit-up Stevie over at Treasury and he’ll be happy to let you know, for he may be a 3rd-rate, slightly lower than BBB- hollywood special effects producer, but he can man-handle that mouse to click the sell-button to naked-short the snot out of some gold to blow through the stops like no other.
SPOILER ALERT: It’s an auto-clicker, and it’s been controlled remotely since before Stevie got there, although they do let him physically click the mouse from time to time.
Lately, at times I’ve been using multiple gold & silver charts in the same post, and this just goes to show how much excitement there is in these markets right now.
I think gold is ready for a break-out.
Over the past month, I’ve seen a nice equilibrium between the number gold & silver bullish price calls versus the number of gold & silver bearish price calls from analysts, experts, gurus, traders and the like, so there is a nice balance right now between the bulls and the bears, which is another way of saying the market, fundamentally speaking, is healthy.
To borrow a line from President Trump, “firing on all cylindars!”.
Er, wait, was that something the President said?
Seems like it to me.
I did say “ready for a break-out”?
Oh yeah I did.
Seems like it to me.
Silver has been lagging gold over the past couple of days:
There’s that classic, “when gold moves lower, silver overshoots gold to the downside”, and it is good news for the silver bulls to see this.
Well, if we’re going to rally here, and I think we are going to rally here, then silver is about to really start taking off.
I think we could see a gap-up in the silver price on Sunday as the markets open, so keep on reading to find out why!
The gold-to-silver ratio has tagged 90:
As of just before 1:00 p.m. EST on Friday, with a gold price of $1458 and a silver price of $16.27, I’m calculating the real-time GSR at 89.62.
What does this say about silver right now?
We are in a brief pause before silver really starts moving to the upside and moving fast, and because of the cartel’s generosity for allowing us to stack even more metal at artificial & unsustainably low prices, the gold-to-silver ratio has given all willing and able stackers an awesome, albeit tiny in my opinion, window of opportunity to buy silver extra cheap.
I don’t think the silver price stays below $17 for long.
The cartel has done their best to paint doom on silver’s daily chart:
I mean, I guess if you were a 4-year old making your way through a “haunted house” built for preschoolers, than yes, silver’s daily chart is kinda scary looking, but if you’re a normal person like me, then…
Does that even make sense?
We build haunted houses to scare preschoolers, and we tell them it’s just make-believe, yet we also tell them that Santa Claus is real?
That’s kinda messed-up!
You thought it didn’t make sense that I was calling myself a normal person.
And I digress.
Normal is as normal’s not.
But let us not veer off track here.
I think $16 will hold, and I’m looking for a quick run to break-through $17 to the upside.
In my opinion, silver still has a crap-ton of catching-up to do to gold.
Gold’s daily chart is looking spectacular:
Although I don’t think the cartel will take too kindly to gold breaking-out above $1500 pretty soon, maybe even next week.
So what is going on with gold & silver right now, and why did they look to be falling mid-week, only to reverse sharply?
A lot of it has to do with what is called the “fear trade”, which others also call “putting on a hedge against uncertainty”.
There sure is a lot of uncertainty in the United States and around the globe right now, and none of it is really any good.
- The Middle East is a hot mess.
- The threat of nuclear war with Russia spiked, big time, with the ripping-up of the INF Treaty.
- There are social, political and geopolitical problems in Asia, including current events with China and North Korea.
- The “markets” are in chaos, and Trump’s Tweets now supposedly can swing the markets quite wildly.
- The US Economy on paper is “strong”, but in reality, Average Deplorable knows better.
I could go on and on and on and on, but I’ll stop there.
OK, “Hey Half Dollar, all of those things are happening, but how exactly are you sure this is the “fear trade” and that it’s legit, and how do you know that what we’re seeing in gold & silver isn’t just a simple, minor short-squeeze?”.