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2019
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Fake Patriotism, Fake Economy & Fake Markets…
Veterans Day has turned into one interesting case study into the weird inconsistency that is the United States. First of all, Veterans Day used to be a big deal, but now, many of the schools do not even take the day off, my children’s schools included. This is odd, however, because with all of the fake and false patriotism I literally see all over the place, including in 99% of our elected leaders and public officials in Washington, DC, one would think Veterans Day would be a big deal for the Empire’s War Machine operating 24/7 in endless war. That is to say, never let a good military recruitment opportunity go to waste. Unless, of course, the US military is beyond the point of proper rebuilding? I think that may very well be the case, and if that’s the case, mass recruitment is no longer needed. It seems the last major psy-op of US military recruitment was with the Transformers movie series, but they’ve already squeezed as much blood as possible from that stone. Perhaps it’s the beginning of the War on Veterans? Veterans, after all, will be forced to fight the Welfare Queens, the Sick, the Elderly, and all of the others on the US federal government’s dole, and so the effort to cast Veterans as the evil, unstable ones at best, or simply ignore them at worse, appears to have begun. Remember, those who appear the most patriotic in Washington are, in general, the least patriotic of all. Additionally, those who outwardly pump their chests are really doing nothing more than spewing pure lies:
That is a dang lie, just like West Texas Veterans were supposedly winning under “Beto”. I know very, very many Veterans who are not only not winning under POTUS, but they’re actually losing more and more every single day. But then again, the sheeple don’t understand this because most people are disconnected from the military much in the same way people are disconnected from farming. The false patriots in Washington, in my opinion, are actively destroying the United States, and they’ll flee when they’ve completed their raping, pillaging, death and destruction. Sad. Oh well. Nobody cares. So be it. Sad. Curiously, where Veterans Day does appear to be a big deal is with Google, and that’s a big deal in and of itself:
Why is that a big deal? Well, recall that on Easter, or is it Christmas, or more likely both, that Google totally ignores any Google Doodle or references to Christianity in general, and especially to Jesus Christ. Let that sink in for a second. The company that can “do no evil”, or whatever it is they say, has no problem in hyping the US military, who’s sole purpose is to blow things up and kill people. But I digress. One last point about Veterans Day: Much like Christine Lagarde said screw savors in favor of job creation, celebrating Labor Day over Veterans Day, as evidenced by my children’s 2019 school calendar, is another form of getting it totally backwards. In other words, there is more respect given to workers, whereas, if it wasn’t for the Veterans supposedly fighting for Freedom and Liberty, we would not be able to celebrate Labor Day in the first place! What’s my point in this Veterans Day rant? When money is evil corruption, which is what our unbacked, debt-based US dollar has become, everything else becomes corrupted, or, at the very minimum, bass ackwards. Veterans Day included. Moving on. This is both a busy week, and an important week, and it really starts picking up by Wednesday:
On Wednesday, for the chart watchers out there, pay attention to the inflation statistics release at 8:30 a.m. in addition to any prep-work done in advance of Fed Head Powell going before Congress with his economic outlook. Thursday and Friday are also busy days for economic lies statistics:
We get more inflation statistics, this time at the producer level, and we also get Retail Sales and Industrial Production. The gold-to-silver ratio begins the week, yet again, screaming, “buy silver”:
Silver is something that’s so scarce in this world that not even everybody on earth could have an ounce if they wanted one. And yet we’re beginning the week well below the “psychologically important” level of $17:
Last week I said prices below $17 would be a back-up the truck moment, and I still do feel that. OK, “Hey Half Dollar, yeah, that’s all fine and dandy, but what if prices make a trip down to the 200-day moving average, or even down to a 15-handle?”. Good question! The answer is waiting for further price weakness could result in paying even more for metal than a person otherwise would have, all because of a little thing I call “premium creep“. That is to say, often times premiums rise on falling prices, so waiting for another $0.25 drop from here could result in paying $0.39 more for “coin-in-hand” because instead of a generic round, for example, having a premium of $0.49 on some super dealer special, the premium could shoot up to $1.13 per round because of market forces. Check-out how well the cartel’s succeeded in pointing gold’s 50-day moving average downward:
I’m just not so sure we fall all the way down to the 200-day moving average in price, at least not down to sub-$1400. Palladium is acting as suspected:
I’m currently looking for palladium to fall below its 50-day moving average and become “oversold”. Platinum has some support at $880:
I think the support at $860 is stronger, however, do platinum’s support zones matter as much right now as it is obvious platinum is getting the same cartel treatment as gold & silver? Crude oil better break-out soon:
If not, I’d say to get ready for a trip back down to $52.50, which is the support line of crude oil’s sideways channel. Copper’s chart is becoming rather interesting to watch:
Copper sure is climbing one of the most epic wall’s of worry right now, highlighted by the small but consistently tough grinding higher with quick two-day plunges thrown in for good measure. Good times! The mainstream is talking about a stock market “melt-up”:
What we have seen thus far is not a melt-up, so the question is, will we see it? If we do see a stock market melt-up, we would likely see a melt-down in the VIX:
We’re already hearing and seeing a ton of chatter about a possible, imminent VIX explosion, but if the stock market is going to melt-up, I’d be looking for a melt-down in the VIX before the explosion higher. The US Dollar Index will be looking rather bearish if it tops-out here, or somewhere below 98.50 – 98.75:
The dollar bulls may sound all big and bad, but in reality, the dollar is only up less than 2.15%, year-to-date. Silver, on the other hand, is up over 8.35%, year-to-date against the US dollar. I’m watching for a break-out above 2.0% in yield on the 10-Year Note: If we get that break-out, I would expect President Trump to begin raging about interest rates again. Which would show how easily fooled the sheeple are as Trump has the ESFto play with. The bottom line as we find ourselves here on this beautiful Veterans Day, 2019? Last week was pure optimism in the US, but really it was a sugar high. The world continues its descent into madness this November. There are a bunch of market moving events this week.
I do not think the madness is priced-in just yet. Although we’ve yet to get the narrative. Temporarily it’s about patriotism. But that will change soon. And change to what? More optimism? Or madness? Or worse? Hmm. Stack accordingly… – Half Dollar
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