from Silver Doctors:
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:
Jump to minute 24:56
*We live-stream Mon, Weds & Fri.
— SilverDoctors.com (@SilverDoctors) December 6, 2019
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.