The intensity of their manipulation seems to be increasing, and I am writing this as a warning to all who are awake. Cryptos, gold and silver are all getting hammered lower today, while the NYSE and DOW stroll merrily along. The recent surge in "Flash trading" and "Fat Fingering" have caused steep, sudden losses in the silver market in recent days.
They have played us for fools and think we are naive to market manipulation, but we are awake!
This desperate attempt to hide their own weakness will ultimately fail, but they will become more dangerous as they are backed further into a corner and more people become aware of their lies.
Be vigilant for something substantial in the coming days. War, economic chaos and false flag terrorism are all favorite tricks they like to use to get you back under their control. They are terrified of the physical gold and silver markets, you are not beholden to their fixed game of fiat currency. Similarly, they fear cryptocurrencies for the same reason, you don't need their rigged system to transact business.
My recommendations for the coming days are to buy silver as they drive the price lower. Don't worry about picking the bottom, use dollar cost averaging and choose a limit that you are comfortable spending and get as much physical silver as you can with your set dollar amount. I personally buy pre-1964 U.S. coins as they are harder to counterfeit and will be highly recognizable and more accepted in a crisis.
If you are a crypto trader, while there may be some opportunities for day or swing trading as prices try to rebound off of the lows, the reality is that I don't foresee a large market swing to the upside for Bitcoin before the much anticipated hardfork on August 1st. It seems as everyone is holding their breath to find out how that will impact Bitcoin and its long term viability in the market. For that reason, I am holding for now and using my available capital to acquire additional physical silver. My belief is that August 1st will come and go, and Bitcoin will resume its upward trend, but the $2300-$2700 range seems to be a holding pattern until that hurdle is cleared.
Stay vigilant my friends!
Thanks for the warning and advice. Cheers.
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This reminds me I haven't been gold panning in years. That's how I like to collect :-) spending my days in cool rivers on hot days is fun and profitable :-)
Now Following
Cheers
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Silver yes, getting brutalized ... but cryptos are only down a bit, at least compared to recent volatility.
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It's getting pretty crazy! Have a safe w/end.
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