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Gold & Silver Chart Huggers To Pull Their Hair Out, “Technical Indicators” To Let Them Down, Again!

22-5-2021 < SGT Report 21 1039 words
 

from Silver Doctors:



Forget what gold closing up for the 7th day in a row means and consider that when it comes to drawing pretty little lines on pimped-out charts…


(by Half Dollar) Gold was “off to the races” once it finally broke through $1850, you know.


And silver was launching “to da moon” imminently, if not sooner!


And yet, here we find ourselves.


Again.


TRUTH LIVES on at https://sgtreport.tv/


Hopefully silver is making its final trip down into the teens, not because I will be right, of course, but rather, because I will be able to add way more to my stack than I was originally planning on adding!


And it’s a good thing, too, because I’ve really got to let these blisters heal from frantically working in that hot Texas sun, desperately searching for the stack of gold & silver that I buried somewhere on the outskirts of Juarez many moons ago, a stack that I just can’t seem to find no matter where I dig or how hard I try to remember.


I mean, stupid tumbleweeds!


I’m never using one of those as a marker for buried treasure again!


But I digress.


Gold & silver are looking good right now, and there’s no doubt about that.


But here’s the thing: Pretty soon, it will not even matter what the dang charts look like, and all that will really matter will be how many ounces of gold & silver you have direct control of, which means a lot of things, and it certainly means being able to protect those ounces.


Regardless, for anybody confused right now as to why gold isn’t above $2000 and why silver isn’t above $30, don’t be, for the reason is simple: In part, the “silver squeeze crowd influencers”, for lack of a better term, generally speaking and specifically speaking of this very week, have pretty much totally abandoned the advocacy of silver and fully embraced the pump-n-dump of miners, and as such, the influencers’ own selfish greed is giving the Cartel plenty of ammo right now for attacking on multiple fronts.


That is to say, after gold & silver have worked so hard to get where they are since the end of March, sure enough, without fail, just as our pet water turtle always ate the live fish we dropped into the tank, every single time, over and over again, the Apologists, the Armchair Quarterbacks, the Enablers, the Gamblers, the Pumpers, the Shills and the other Sleazy Opportunists have all turned on a dime and instead of advocating for silver, those people have been pumping their favorite worthless penny stocks.


All.


Week.


Long.


Or is that honestly not what has been going on here?


It’s pretty disgusting if you ask me, but they don’t ask me, so I’m not sure they realize, or care about, the extent of their filth, much less would they ever actually help out by doing the one and only thing that could ever be done to end the manipulation of silver.


Furthermore, with the Bitcoin crash and bear market that we had that one day this week, for like, six or so hours, the mainstream media was cranking out its prepared propaganda about how people were supposedly rotating out of crypto and into gold, and sure enough, the wannabe alternative-media and the pseudo-contrarians took the bait, and out came the roar from the echo chamber.


Or is that also honestly not what has been going on here?


And because “market” “participants” got duped, yet again, the MSM will be able to crank out their prepared propaganda next week too, when, sure enough, traders and investors rotate out of gold and into the next mania du jour.


See how that works?


OK, “Hey Half Dollar, yeah, yeah, we know, we know, huge smash coming Sunday night, just like the huge smash that’s always coming Sunday night, but really, seriously, when are you going to turn bullish again because it’s beginning to look like your mostly constantly correct calls are getting to your head, don’t you think?”.


Soon, I hope, and I hope so, but I’ll have to think about it some.


I will say this, however: I’m still waiting on the capitulation, and I maintain that we either have not seen it yet, or that I’m an idiot, and it’s probably that latter, but since I’m an idiot, I really don’t know.


Therefore, let’s just pretend that WorldWide WrestleManiaFest isn’t scripted, and let’s take a look at the latest rumble between the Fundamentalists and the Technicians.


Fundamentally speaking, we have, in no particular order of importance:



  • Major uncertainty around the world and increasing geo-political tensions

  • A crackdown on paper/digital “assets” along with the tax enforcers going on the offensive

  • Supply chain disruptions and shortages that need a general hedge if the specific hedge is not possible

  • Inflation becoming a problem with rapidly devaluing dollars constantly in search of a good home

  • Etcetera, etcetera, etcetera


And technically speaking, we have, in no particular order of importance:



  • A commodities correction

  • A textbook uptrend clearly established on the gold & silver daily charts

  • Gold & silver technical indicators that are becoming or can become overheated


On the surface, the fundamentals continue to be bullish for gold & silver, and rightly so, but at this point in time, I’m looking at the technicals, and not so much in a Chart-Hugger-clinging-on-for-dear-life kind of way, but more like in a Silver-Bug-wondering-what-in-the-heck-that-baseball-bat-the-Cartel’s-trying-to-hide-behind-its-back-is-for kind of way.


Specifically, a correction in the commodities gives the Cartel and their MSM propagandists the cover they need for a gold & silver price smash.


Additionally, with the textbook uptrend clearly established, and with everybody now universally recognizing gold & silver as having turned bullish in the short-term, well now, there’s a reason why most of the people must lose most of the time, and while everybody knows ‘Ol Half Dollar ain’t the most skilled person in games of chance, I’m pretty sure that reason has something to do with the odds of winning.


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