Best of the Week
Most Popular
1. Stock Markets and the History Chart of the End of the World (With Presidential Cycles) - 28th Aug 20
2.Google, Apple, Amazon, Facebook... AI Tech Stocks Buying Levels and Valuations Q3 2020 - 31st Aug 20
3.The Inflation Mega-trend is Going Hyper! - 11th Sep 20
4.Is this the End of Capitalism? - 13th Sep 20
5.What's Driving Gold, Silver and What's Next? - 3rd Sep 20
6.QE4EVER! - 9th Sep 20
7.Gold Price Trend Forecast Analysis - Part1 - 7th Sep 20
8.The Fed May “Cause” The Next Stock Market Crash - 3rd Sep 20
9.Bitcoin Price Crash - You Will be Suprised What Happens Next - 7th Sep 20
10.NVIDIA Stock Price Soars on RTX 3000 Cornering the GPU Market for next 2 years! - 3rd Sep 20
Last 7 days
Global Stock Markets Break Hard To The Downside – Watch Support Levels - 23rd Sep 20
Beware of These Faulty “Inflation Protected” Investments - 23rd Sep 20
What’s Behind Dollar USDX Breakout? - 23rd Sep 20
Still More Room To Stock Market Downside In The Coming Weeks - 23rd Sep 20
Platinum And Palladium Set To Surge As Gold Breaks Higher - 23rd Sep 20
Key Gold Ratios to Other Markets - 23rd Sep 20
Watch Before Upgrading / Buying RTX 3000, RDNA2 - CPU vs GPU Bottlenecks - 23rd Sep 20
Online Elliott Wave Markets Trading Course Worth $129 for FREE! - 22nd Sep 20
Gold Price Overboughtness Risk - 22nd Sep 20
Central Banking Cartel Promises ZIRP Until at Least 2023 - 22nd Sep 20
Stock Market Correction Approaching Initial Objective - 22nd Sep 20
Silver Bulls Will Be Handsomely Rewarded - 21st Sep 20
Fed Will Not Hike Rates For Years. Gold Should Like It - 21st Sep 20
US Financial Market Forecasts and Elliott Wave Analysis Resources - 21st Sep 20
How to Avoid Currency Exchange Risk during COVID - 21st Sep 20
Crude Oil – A Slight Move Higher Has Not Reversed The Bearish Trend - 20th Sep 20
Do This Instead Of Trying To Find The “Next Amazon” - 20th Sep 20
5 Significant Benefits of the MT4 Trading Platform for Forex Traders - 20th Sep 20
A Warning of Economic Collapse - 20th Sep 20
The Connection Between Stocks and the Economy is not What Most Investors Think - 19th Sep 20
A Virus So Deadly, The Government Has to Test You to See If You Have It - 19th Sep 20
Will Lagarde and Mnuchin Push Gold Higher? - 19th Sep 20
RTX 3080 Mania, Ebay Scalpers Crazy Prices £62,000 Trollers Insane Bids for a £649 GPU! - 19th Sep 20
A Greater Economic Depression For The 21st Century - 19th Sep 20
The United Floor in Stocks - 19th Sep 20
Mobile Gaming Market Trends And The Expected Future Developments - 19th Sep 20
The S&P 500 appears ready to correct, and that is a good thing - 18th Sep 20
It’s Go Time for Gold Price! Next Stop $2,250 - 18th Sep 20
Forget AMD RDNA2 and Buy Nvidia RTX 3080 FE GPU's NOW Before Price - 18th Sep 20
Best Back to School / University Black Face Masks Quick and Easy from Amazon - 18th Sep 20
3 Types of Loans to Buy an Existing Business - 18th Sep 20
How to tell Budgie Gender, Male or Female Sex for Young and Mature Parakeets - 18th Sep 20
Fasten Your Seatbelts Stock Market Make Or Break – Big Trends Ahead - 17th Sep 20
Peak Financialism And Post-Capitalist Economics - 17th Sep 20
Challenges of Working from Home - 17th Sep 20
Sheffield Heading for Coronavirus Lockdown as Covid Deaths Pass 432 - 17th Sep 20
What Does this Valuable Gold Miners Indicator Say Now? - 16th Sep 20
President Trump and Crimes Against Humanity - 16th Sep 20
Slow Economic Recovery from CoronaVirus Unlikely to Impede Strong Demand for Metals - 16th Sep 20
Why the Knives Are Out for Trump’s Fed Critic Judy Shelton - 16th Sep 20
Operation Moonshot: Get Ready for Millions of New COVAIDS Positives in the UK! - 16th Sep 20
Stock Market Approaching Correction Objective - 15th Sep 20
Look at This Big Reminder of Dot.com Stock Market Mania - 15th Sep 20
Three Key Principles for Successful Disruption Investors - 15th Sep 20
Billionaire Hedge Fund Manager Warns of 10% Inflation - 15th Sep 20
Gold Price Reaches $2,000 Amid Dollar Depreciation - 15th Sep 20
GLD, IAU Big Gold ETF Buying MIA - 14th Sep 20
Why Bill Gates Is Betting Millions on Synthetic Biology - 14th Sep 20
Stock Market SPY Expectations For The Rest Of September - 14th Sep 20
Gold Price Gann Angle Update - 14th Sep 20
Stock Market Recovery from the Sharp Correction Goes On - 14th Sep 20
Is this the End of Capitalism? - 13th Sep 20
The Silver Big Prize - 13th Sep 20
U.S. Shares Plunged. Is Gold Next? - 13th Sep 20
Why Are 7,500 Oil Barrels Floating on this London Lake? - 13th Sep 20
Sheffield 432 Covid-19 Deaths, Last City Centre Shop Before Next Lockdown - 13th Sep 20
Biden or Trump Will Keep The Money Spigots Open - 13th Sep 20
Gold And Silver Up, Down, Sideways, Up - 13th Sep 20

Market Oracle FREE Newsletter

How to Get Rich Investing in Stocks by Riding the Electron Wave

Gold And Silver – Fundamental Tale Or Technical Reality?

Commodities / Gold and Silver 2013 Sep 15, 2013 - 12:17 PM GMT

By: Michael_Noonan

Commodities

A few have inquired about our greater focus on the charts as they pertain to the Precious Metals, of late, a shift of which we have been cognizant. The reason is, it suits our purpose. Our purpose is to pursue profitable trading, and telling “stories” is not always apt, especially when almost all of them have been amply related in the news and written endlessly by cheerleading precious metals [PM] writers and newsletters.

Why is an analysis more focused on charts seem like such an obvious question? Last week, we provided a list of nine of the most recognized reasons for viewing gold and silver from a demand side perspective. There are many others you can think of, additionally. [See: It Is Always About One Thing: Timing, click on http://bit.ly/17Hctst} Repeating the same things is unnecessary, and those which have been aired so frequently seem not to have had much influence on sustaining higher prices.


From a totally different perspective, reminding and/or informing people about the intrinsic qualities in owning gold and silver: rights, title, and interest should have sealed the deal, as it were, as the ultimate reasons for acquiring and owning both PMs. [See: When Precious Metals Bottom Is Irrelevant To Your Financial Health, http://bit.ly/12Uz4Q6].

What else is needed to enhance the strong demand side of the market, and one that gets stronger with each passing month? Almost everyone is aware of the disappearing gold act sponsored [in stealth hiding] by the central bankers and abetted by lackey PM exchanges, COMEX and LBMA. Yet, on Thursday into Friday, there was another “take-down” in gold and silver futures. Where is all of this demand that is supposed to take price to elevated heights when it counts? Should you believe what you read/hear, or what you actually see?

The only problem that keeps PMs suppressed is the proverbial 900 lb gorilla in the room. It would be easier to identify that gorilla as the New World Order, [NWO], but too many do not comprehend/accept/believe that context. People are not capable of differentiating one’s country with the corporate government running/ruining it, and the real power behind the corporate government.

With over half the population dependent on some form of socialized government hand-out, and almost all of the Main Streeters overdosed on credit, for those politically unaware, but unaware of being unaware, from where is any opposition to government going to come?

Central banker/Lying Ben’s policy of keeping interest rates artificially low serves one purpose and one purpose only: bail out the corrupt bankers and keep all of the failed banks on resuscitation. The propping up of the banker’s massive Ponzi scheme is being accomplished at the destruction of people’s wealth.

Wealth is not confined just to those in the upper 1%, 5%, or even 10%. Wealth can be applied and defined in more ways than expressed high “dollar” figures. Health is one that rates highly. To the people in Cyprus, Greece, Ireland, and recently Poland, and elsewhere, bankers stealing from individual’s accounts, many of whom need what little money they have just to survive from one day/week/month to the next, and those amounts may not qualify them as wealthy, but the amounts mean a wealth to them.

The primary functioning arm of the NWO is control of money, and it is accomplished through the central bankers, none of whom have been elected in any representative fashion, but who, nonetheless run/control almost everyone’s lives. The reason why we cannot say everyone is because those who own and hold gold and silver are truly independent of government control over how they choose to live, financially.

Guess what bankers just did, while you were sleeping? They passed bankruptcy laws that puts derivatives in the highest secured position. First of all, who is responsible for the collapse of so many financial institutions since Lehman and AIG? Bankers! They engaged in high-risk ventures, [really nothing more than scams] that blew up in their greedy faces. A lot had to do with derivatives. Where have the trillions of fiat “dollars” needed to save the economy gone? To those same bankers who failed in what they created. But the unwritten law is, bankers cannot take a loss. Their practice is to reap and keep all the gains and socialize all the losses to the public.

What are derivatives? Essentially, derivatives are a contract between two parties dealing in equity, foreign exchange, interest rates, and recently Wall Streets’ mortgage securitization Ponzi scheme. Who created these derivatives? Wall Street bankers. Who suffered trillions in losses? Wall Street bankers. Who is footing the bill for these financial disasters? The unknowing American public.

The value of the derivative market could be 20 – 30 times the value of the stock market, in the neighborhood of $700 to $800 trillion fiat “dollars.” They are also called swaps, credit default swaps, currency swaps, etc.

With derivatives now immune from bankruptcy laws, who secures them? Guess what America, you do! How are they secured? By your bank accounts, brokerage accounts, pensions, IRAs, 401ks. Remember M F Global, a few short years ago? Why did people lose billions of dollars? That money went to Wall Street bankers who held tons of high- risk [and worthless] derivative claims that were first-in-line for payoff because bankers passed such a law. After bankers paid themselves for their failed losses, there was no money left to pay those who had deposits in their brokerage accounts. Poof! Vaporized. Gone!

We are sure the bankers thank you very much for your generosity in insuring them against all loss exposure. You did agree to it, didn’t you? The NWO dictates that you did.

Anyone with money in a brokerage account is at risk, to the tune of 100%! Got money in a bank? Any/every deposit you make into a bank is no longer your money. It belongs to the bank, and you are now an unsecured creditor! If the bank fails, and every single major bank has failed, being propped up by government loans, [not money you loaned, but your loss, anyway], your “deposit[s] is/are gone, poof, vaporized.

How does the risk is keeping money in a brokerage and bank account stack up, to use a PM term, to owning gold at $1,200, $1,500, or $1,800, and silver at $20, $30, $40? There is no third counter-party risk in owning either metal. None! Neither gold nor silver can go poof on you, get vaporized, or disappear, [unless you hold it in "enemy territory" where it can [and will be] confiscated. With gold and silver, you have 100% interest in, rights and title to their ownership [another mention of When Precious Metals Bottom Is Irrelevant To Your Financial Health, http://bit.ly/12Uz4Q6].

What other investment affords you 100% backing? It remains the only investment with a history going back over 5,000 years, and it is recognized and accepted around the world.

Stop and [re]think. What does $1,300 gold mean? It means instead of requiring the old $35 fiats, or $250 fiats, $500 fiats, you now need 1,300 fiats to purchase the same ounce of gold that used to be just $35. Gold and silver are not going up in value, they are holding relative value. Fiat currency has declined in “value,” and you need more and more of the worthless fiats that the 900 pound gorilla NWO is constantly depreciating.

Who/What else can exert such “influence” at will in a PM market that is dominated by exceptional demand and limited supply relative to the growing demand? Only the NWO central bankers. What other positive “news” or “new” development have you heard or read about that can rally gold and silver?

Why do they continue to be so easily manipulated to the downside, at will and whim? We can think of no other situation or story that has not already been covered, many times over that will cause a sustained rally in gold and silver.

As we often say, do not listen to what others are saying about the market, listen to what the market is saying about others. And that information comes from the charts.

Write your own bullish scenario for gold, then compare it to what the chart says. Which is to be believed, an incredible tale of demand, or the reality of the chart?

The situation is no different in silver. Do you really need another “bullish story” to enforce your existing belief in silver or gold? If you do, you are reading the wrong analysis. The chart says neither PM has blossomed into a bullish chart picture, and we place our beliefs in what the charts say.

Quite frankly, we have run out of bullish reasons and simply prefer the reality of the story of the market, always the best and most reliable source. We expect higher prices will be forthcoming, but not in the way most PM pundits have been “predicting.” We offer no predictions. Instead, we read what the market says and endeavor to follow accordingly.

For right now, the market is in no pressing hurry to the upside, and it continues to remain susceptible to easy declines. The 900 pound gorilla still holds sway.

By Michael Noonan

http://edgetraderplus.com

Michael Noonan, mn@edgetraderplus.com, is a Chicago-based trader with over 30 years in the business. His sole approach to analysis is derived from developing market pattern behavior, found in the form of Price, Volume, and Time, and it is generated from the best source possible, the market itself.

© 2013 Copyright Michael Noonan - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Michael Noonan Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules