Silver, Gold and Crypto - Daily Digest: August 21, 2017 - Solar eclipse came and went!

Much of today for me was to track the events around the world and to enjoy the full solar eclipse. And there were a few news items worth noting:

1. USS John McCain warship collided with a tanker and was severely damaged. This is the second warship to tanker collision in last two months and can't be just pure coincidence. Do you really think, it is so easy to damage a warship? I think it is a deliberate strategy on part of some sovereign.
2. Senator Majority leader McConnell states in a double negative "There is a zero percent chance that the debt ceiling won't be raised". Let's convert it into simple English, removing the double negation. It then reads"There is a 100% chance that the debt ceiling will be raised". With Goldman coming out with a probability of debt ceiling raise at 50%, who do you think you would like to believe despite your "love" for Goldman. More importantly, what do you think will happen if the debt ceiling is not raised?
3. The US has started the drill with South Korea and North Korea is silent. So isn't this what I have been saying all along that North Korea is not a threat, and it never was. The deep state wants war and they want a bogey man.
4. Gold and silver were pinned down hard today. I do believe there is a trading opportunity to the upside now for silver. I also think it is getting difficult for the bankers to maintain the price of gold below $1300. Once it breaks free, then it will be a quick move to $1400. For all the stackers, I would say that the price manipulation for gold and silver has been going around since last 140 years and it can very well continue for foreseeable future. So when in doubt always remember why you started stacking in the first place and that premise still holds today.
5. The dollar index continues to decline and now approaching the 92 handle. I have already called the top a couple of weeks ago.
6. China is now entering a trade war with India in addition to the military confrontation. This is beyond ridiculous since the current trade between the two countries favors China in a huge way. Lately, the actions of China whether they pertain to India, Korea, South China sea, Japan and even the US don't make a whole lot of sense and it gives me a feeling that something is drastically wrong out there. This is supported by the fact there has never been an instance when so many Chinese businessmen want to get their money out of China. Currently, China has $7.6 Trillion of bad debt. Someone is really trying to hide something big out there.
7. Australia after announcing Bitcoin's acceptance as a currency for buying and selling goods has suddenly reversed the stance and is now clamping on Bitcoin users.
8. Speaking of Crypto, Ethereum made an impressive move today. As I have written earlier, the main purchasers of Ethereum are South Korea and Japan whereas the main purchaser for Bitcoin is China. So the movement of these two currencies can provide some indication on the emotions of the masses in those countries.
9. I am also seeing spikes in Palladium which doesn't make sense since the auto industry has essentially tanked. Palladium is the main element used in the manufacturing of the catalytic converters for the autos.
10. Last but not the least, Lord Rothschild himself has mentioned in the media that the stocks are highly overvalued and risks are increasing. This statement is to be taken seriously and assets should be repositioned accordingly and fast.

With so many news items hitting every hour now, I have to say that next 4 months are going to be anything but like the last 8 months. Let's see what President Trump lays out tonight with regards to his strategy on Afghanistan.

Will preppers finally have their redemption? I don't know but I do know for sure that most of the millennials are in for a surprise considering the fact that they are financing everything that they purchase including $30 bedsheet! Brightest generation making the dumbest decisions - how ironic is that!

With that be prepared and be safe!