First of all, I want to thank all of you who are following me. I just crossed 250 followers mark in a short span of just 5 weeks. I hope you are now better equipped to make investment decisions based on what you read in my blogs.

Folks, we are getting close to the targets that I published several days ago despite the fact that all the pundits in this space had a different view than mine. I continue to maintain a target of $1225 for gold and $16.28 for silver before seeing a reversal. Why is that I am right and all the pundits are wrong? Simply, because I follow the ground rule of trading of no emotions. I look at the charts and only charts and don't worry about all the market noise. Everything that is happening (including manipulations) or will happen shows up in the chart. Besides, I don't have anything to sell - no subscriptions and no physical metals. Silver is the Achilles heal for the banker cabal. Gold and oil are for the big guys or countries. Cryptos have certainly taken the cabal by surprise and currently, they are trying very hard to emotionally break down the crypto buyers. They are not able to make a much of a dent because - and alas - they don't have their favorite ETFs and derivative tools for cryptos. At least not yet.

As we can see from the SLV chart below, we continue to be in the downward trend and I don't expect it to reverse for another 4 days.

As I have written multiple times, I don't really care which direction the market is going. I make money on both sides. And if you are following my blogs then you too are making money. I do however look at critical price points and make pricing decisions on buying physical metal. I can't emphasize enough that paper trading is just entertainment. Your real wealth is what you have in your possession or can be accessed without any third party and that includes storage services. When SHTF you can be assured that your storage vaults will be emptied clean by the very guards that are guarding them.

Oil continues to plummet and that is a tall tell sign that we are not recovering at all. This is forcing the deep state to now move into a hyper gear to get some sort of war started and soon. We are witnessing the escalation in Syria and today we saw that Trump is trying to escalate it in North Korea as well. The situation at Qatar isolation is not dead but is just conveniently not being reported. With Iran jumping into the fray, with the invitation of Syria, and Russia cutting-off the "deconflict" channel with the US, things can get hot in a matter of seconds. This is the reason that you don't want to be heavily short on gold and silver and should be well protected through trading strategies. I certainly don't leave my short positions overnight. Profit or loss, I close them before the trading ends for the day - it just helps me sleep better :-)

All the parameters such as housing, debt, loans, auto etc. continue to decline. In last recession, we saw companies filing for bankruptcies. We are seeing states collapsing now. Illinois might be the first state to file for bankruptcies as they have already sent the "Dear contractor..." letters to all the contractors and all the construction work (and this is the peak season) will stop by June 30. Even the lottery is withdrawing from the state of Illinois. New Jersey, Connecticut, and Kentucky are not far behind.

Cryptos are seeing a bit of pressure as well. Bitcoin, however, has clearly formed a "cup and handle" pattern which is bullish and we may soon see $3,000.

If I forget to mention in tomorrow's blog, my strong recommendation is that you don't have ANY open positions (long or short) from June 22 onwards. Wait for a few days, to get back into the game. July will be an interesting month.

Disclaimer: I am not a financial advisor and am not qualified to do so.