Gary Savage: Silver Manipulation is Starting to Break

• Palisades Gold Radio
  Tom welcomes a new guest to the show, Gary Savage. Gary is a Retired Entrepreneur and Investor. To subscribe to our newsletter and get notified of new shows, please visit http://palisadesradio.ca Gary discusses the broader equity markets and why the S&P is signaling another leg-up culminating, he expects in a parabolic blow-off melt-up phase. If we have an intermediate decline in equities, it will be further out, perhaps 30-40 days. The recent moves in Bitcoin are typical of a bubble market, and he anticipates a long-sell-off and bottoming period. The further something gets stretched, the bigger the reversion to the mean. Human nature causes people to imagine higher targets every time a dip recovers. This guarantees people get caught when a bubble pops. Hex expects a few more months and likely another retest of the 200 day MA for gold before it makes another significant leg-up.
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  The Fed wants to control when and where inflation moves, and they will do whatever they can to keep inflation out of commodities. This is why trading metals is often tricky, as they are regularly manipulated. They will try to keep the inflation contained within the stock markets. Technical Analysis can be complex when markets move in surprising ways due to manipulation, but the long-term trend usually holds. Silver is showing considerable strength, and he expects an eventual break out in the metal. Manipulators are having an increasingly difficult time as physical prices push the market. Gary gives some advice on how to play market cycles and why you want to be cautious of using leverage in this market. Lastly, Gary gives us his thoughts on the commodities markets and where they should head from here. He advises long-term investors to consider buying physical metal, and if you want to speculate, then trade the ETFs. Time Stamp References:
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  0:00 – Introduction
  0:56 – Intermediate Decline?
  2:03 – Fed Rate Hikes & Gold
  2:57 – S&P/Nasdaq & Meltup
  8:39 – Profits & Greed
  10:18 – Bitcoin Chart
  15:25 – Gold Chart
  17:05 – Commodities & Dollar
  18:53 – Manipulation & T.A.
  20:37 – Silver Vs. Gold
  24:10 – News & Noise
  25:16 – Managing Risk
  29:28 – Balancing Cash
  30:20 – CRB Index & Oil
  33:56 – Miners & ETFs
  36:54 – Education Resources
  38:27 – Wrap Up
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  Talking Points From This Episode
  – Expectations for the equity markets.
  – Bubble Patterns and Blow-Off Tops
  – US Dollar outlook and Federal Reserve
  – Commodity outlook, energy, and metals.

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