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 gold and silver appear to be putting in the pullback that i have been waiting for hopefully this pullback continues i was meaning to to make a purchase but didn't have the the capital to make the purchase that i wanted uh back during the big pullback in march and then even when uh silver was at like 17 bucks 18 bucks i wanted to make purchases then didn't have the cash then when i had the cash gold and silver started rising and i was just kicking myself in the butt because i was waiting for a

pullback from 18 and 19 and it never came along uh but gold and silver have started that pullback now so first we're going to take a look at the u.s dollar and i want to start this off by showing you uh this long-term chart that goes back to 1980 and or 85 i guess and what you see here yeah 85. this is a dollar index where the dollar is being measured against a basket of other currencies and they're all falling in value that's what inflation is and all the whole world experiences rising prices over long

periods of time that means that all currencies are falling over long periods of time but this is gold is the this is the us dollar falling faster than the other currencies and then the other currencies falling faster than the us dollar the u.s dollar falling faster than the other currencies and the other currencies falling faster than the us dollar but going back to the six-month chart you see the dollar has been falling for about four months much faster than the other currencies but it looks like

you know it may have pulled the ripcord on its parachute and the other currencies are now falling faster than the u.s dollar since the beginning of august is this going to have a breakout there's a little triangle pattern there is it going to have a breakout to the upside and a rally i certainly hope so because that would be a factor that would take gold and silver down and give us one last chance to make another nice purchase before uh what i see as inevitable i believe that we are going to experience a huge

disruption i think we're going to see a freezing of the monetary system one day that but i'm hoping that if if this rises this could give us a breather and maybe it'll be one two three years away and not this year if it keeps on falling we could be in some trouble and gold will just keep on rising and i want the longest i i see that what they've done is going to have really bad consequences no matter what they do there isn't anything that they can do at this point because the world's

central banks pushed almost every asset class into hyper bubbles and then we had this global health problem and i can't mention the name because uh we we might uh have fewer views in the future if i do uh so there's certain things that i can't say anymore be because of uh um well censorship um anyway uh this uh if it breaks out to the upside and keeps on going for a little while that's a very good thing as far as having more time to do this it means that the monetary system isn't showing stress problems where it

could fall apart any minute if you look at this chart here that this in this trader's blog this is the same six month chart but he's extended a little rally here and then uh going back down uh several months from now and if it breaks out of this channel uh you know one way or the other will either be in for an extension of our a reprieve uh not a reprieve but uh extension it's like filing an extension for your taxes uh we'd be getting more time to be able to get re prepared but what has that done for gold gold

peaked a few days ago and has been doing a pullback so it peaked on august 6th and today is the first big day of pullback you can see that during this whole the whole time on this chart the only pullback that i see that's larger or as large is right here back on march 12th so this is a six-month chart of gold and then silver is also falling but note this uh green line and the orange line the green line is the 10-day moving average the orange line is the 50-day moving average so you take the price action from the

last 10 days and add them all up and divide them by 10 and you've got the average so this the dot on the end of that line is the average of the last 10 days of of price movement this dot is the last 50 days of price movement and there's uh 10 20 50 100 and 200 day moving averages that seem to be important support and resistance points for technical analysis and traders that trade on technical analysis notice that silver has not yet come back to its 10-day moving average but if you take a look at gold gold is

way below its 10-day moving average so if the correction continues i think silver needs to plunge a lot more than gold but i'm going to show you something in a minute that might suggest that that's not going what's going to happen it's that these are not normal economic times so basically at this point anything can happen here is the gold silver ratio by the way if you click on any of these labels or the price on any of these charts it drills down into much more another page with much more interactive

charting that you can use but the gold silver ratio has been rising recently which means silver is falling faster than gold which is normal that should be what happens in a pullback but it's not falling that much faster and when you take a look at something called the commitment of traders and i usually reserve this analysis only for my my insiders but what you notice is that as gold rises uh the commercials here as gold rises from lows these blue this blue area is the commercial net shorts the big bullion

banks and they increase their position and then they cover whenever it's doing a pullback and when they buy back their short position they make a profit and what you're seeing here on gold now this report is from august 4th so in the next few days we'll get the august 11th report they hold it for a few days so these are from nick laird at stock charts or us you should go visit his site he's a great guy he lives in australia um and uh nick doesn't you know he didn't publish this until

august 10th uh it takes a probably until august 9th i can't remember exactly right now but it takes a few days for them to release the information even though the commodities exchange knows this stuff and they know it right away it doesn't take them three days to collect and analyze the information they could post it right away but they don't they keep it secret for several days then they release it when you're halfway through the the to the next week but what you're seeing here is very

little covering um and that would be they probably added to their shorts a little bit because this is august 4th so that would be about here in the price before this little blow off top but when the next one comes out so that would be for the 11th the one after that you will probably see a whole lot of covering uh with them getting ready for the next big price rise price big price rises usually start from very low here they were the commercials were actually long and so at one of the lowest prices in

in the last couple of years the commercials went long and then as the price has been rising they've been going short and they when the price falls they buy back those shorts and they make a profit silver a little bit of a different story here and and you can see that when they're maximally short the price after that falls and they cover their shorts and they make a bunch of profit on that and then here the price is rising they go short and then the price falls and they cover and they make a profit

on all of that same thing here the price rises they go short and then they cover as the price falls they made the bullion banks made a killing off of everybody that uh that sold their gold and silver during this that's when they're buying they're buying during this collapse in price that happened in march where silver went from almost 19 bucks down to 11 something the bullion banks made a killing off of that so they typically do the opposite but during this big price rise you know they they increased their

shorts a little bit but not much and then they actually covered uh back that's back here before this price rise they covered a little bit of their shorts before that price rise and then did not increase their short position that much on this pullback they're going to cover this i'll bet that uh when you know uh two weeks from a week and a half from today you're going to see uh charts come out uh next week's chart is going to include the data from the 11th so that's today

but they're not going to release that data for several days it's the week after that that you'll get the the report that will cover the big pullback if this pullback continues it'll cover the data where they cover all of their shorts and get ready to let silver run and then it's hold on to your hat folks so uh i think that what we're going to see uh in this coming the coming weeks is hopefully this correction a chance to buy and then when prices get going again i think that

it's really off to the astronomical prices i was talking about in the last video peter ryan says if the most bullish and informed people on gold are those that sell gold why are they selling it for fiat well peter uh as a dealer uh we don't i don't know about other dealers um the all dealers none of them are selling their own precious metals what they do what we do is you make an order and i buy from a supplier there's mints and refineries and other wholesale suppliers that we purchase from and then there's a

tiny minuscule little profit this is a highly competitive business that is so tough that in a good year a really good year you'll make one or two percent profit the other years sometimes cost you to stay in business it is a ruthless tough business usually companies operate on a profit margin markup of 30 percent or maybe even a hundred percent on some products when you buy most products you're paying somewhere between you know gasoline and groceries are a little bit different those profit

margins are a bit lower but most products you're looking between thirty percent to a hundred percent markup and with the precious metals you know at the end of the year if you end up with just a just one percent or two percent you really did well so peter it's not me selling my gold and silver i have been accumulating gold since 2002 and silver since uh april of 2003 and i don't sell i keep on adding to my position getting ready for a total economic catastrophe that i think is you know i was getting ready

for just big profits when there was going to be a big crash and but they didn't let the crash finish according to dow gold ratio p e ratios everything else there is they did not let the crash finish in 2008 so i didn't like take all of my profits then and turn them into something like real estate or high dividend yield stocks or something or owning businesses or something like that what i did was i just kept on accumulating and i'm still accumulating i don't sell my own gold and silver when you buy we

purchase from a supplier and sell it to you and then i take a tiny tiny tiny tiny tiny portion of that purchase and i buy gold and silver for myself getting ready for what's inevitable so if you got anything from this video please like it share it uh and and uh give us that thumbs up subscribe to our channel and go to my website and download a free copy of guide to investing in gold and silver thank you very much for watching we'll see you next time