Best of the Week
Most Popular
1.US Paving the Way for Massive First Strike on North Korea Nuclear and Missile Infrastructure - Nadeem_Walayat
2.Trump Reset: US War With China, North Korea Nuclear Flashpoint - Video - Nadeem_Walayat
3.Silver Junior Mining Stocks 2017 Q2 Fundamentals - Zeal_LLC
4.Soaring Inflation Plunges UK Economy Into Stagflation, Triggers Government Pay Cap Panic! - Nadeem_Walayat
5.The Bitcoin Blueprint To Your Financial Freedom - Sean Keyes
6.North Korea 'Begging for War', 'Enough is Enough', is a US Nuclear Strike Imminent? - Nadeem_Walayat
7.Bitcoin Hits All-Time High and Smashes Through $5,000 As Gold Shows Continued Strength - Jeff_Berwick
8.2017 is NOT "Just Another Year" for the Stock Market: Here's Why - EWI
9.Gold : The Anatomy of the Bottoming Process - Rambus_Chartology
10.Bitcoin Falls 20% as Mobius and Chinese Regulators Warn - GoldCore
Last 7 days
Americans Don’t Grasp The Magnitude Of The Looming Pension Tsunami That May Hit Us Within 10 Years - 20th Sep 17
Stock Market Waiting Game... - 20th Sep 17
Precious Metals Sector is on Major Buy Signal - 20th Sep 17
US Equities Destined For Negative Returns In The Next 7 Years - 3 Assets To Invest In Instead - 20th Sep 17
Looking For the Next Big Stock? Look at Design - 20th Sep 17
Self Employed? Understanding Business Insurance - 19th Sep 17
Stock Market Bubble Fortunes - 19th Sep 17
USD/CHF – Verification of Breakout or Further Declines? - 19th Sep 17
Blockchain Tech: Don't Say You Didn't Know - 19th Sep 17
The Fed’s 2% Inflation Target Is Pointless - 19th Sep 17
How To Resolve the Korean Conundrum  - 19th Sep 17
A World Doomed to a Never Ending War - 19th Sep 17
What is Backtesting? And Why You Need Backtesting System? - 19th Sep 17
These Two Articles Debunk The Biggest Financial Nonsense I See In The Media - 18th Sep 17
Bitcoin Price Crash 40% In 3 Days Underlining Gold’s Safe Haven Credentials - 18th Sep 17
The Sum of Risks – Global, Strategic, Political, and Financial - 18th Sep 17
The Netflix Of Canada’s Cannabis Boom - 18th Sep 17
Stock Market Sentiment Speaks: Either You Learn From The Events Of The Past Week, Or You Are Hopeless - 18th Sep 17
SPX 2500 … At Last! - 18th Sep 17
Inflation Lies, Lies and OMG More Lies - 18th Sep 17
How to Choose right Forex Trader? - 18th Sep 17
Who Has Shaped the World the Most? The Dozen Greatest Achievers - 17th Sep 17
Riding the ‘Slide’: Is This What the Next Stocks Bear Market Looks Like? - 17th Sep 17
Gold Up, Markets Fatigued As War Talk Boils Over - 17th Sep 17
Predicting the Future of the U.S. and the World - 16th Sep 17
Deceit in the Financial Food Chain - 16th Sep 17
Gold GLD ETF Investment Resuming - 16th Sep 17
Extreme Weather & Energy Markets: What's Next? - Video - 15th Sep 17
Trump’s Path to IP Wars - 15th Sep 17
GBP USD Approaches Fibonacci Target - 15th Sep 17
Higher US Interest Rates May Force Higher Inflation Rates - 15th Sep 17
Stock Market Investors: Taking the Road "Less Traveled" Has Its Perks - 15th Sep 17
The 3 Best P2P Lending Platforms For Investors In 2017—Detailed Analysis - 15th Sep 17
The US Debt Bubble Will Soon Warrant Serious Measures - 15th Sep 17
Why it is Often Difficult to Sell a House Fast - 15th Sep 17
S&P 500 At New Record High, Will It Break Above 2,500? - 14th Sep 17
Capital Market Trends - 14th Sep 17
Mike Maloney: The Top 10 Reasons I Own Gold and Silver - 14th Sep 17
The Only Real Europe is Greece - 14th Sep 17
7 Security Tips for Online Traders - 14th Sep 17
5 Markets Ready to Move Before Year-End. Eexpert Analysis and New Trading Opportunities - 13th Sep 17
Massive Equifax Hack Shows Cyber Risk to Deposits and Investments Today - 13th Sep 17
Investment Advice for My Children & Grandchildren - 13th Sep 17
TRADE FOR A CHANGE - 13th Sep 17
The Stock Performance of Public Casino Companies in 2017 - 13th Sep 17
Soaring Inflation Plunges UK Economy Into Stagflation, Triggers Government Pay Cap Panic! - 13th Sep 17
Precious Metals Bull Analogs Update - 13th Sep 17
Tip: When “This” Happens, A Stock Price Goes Up… - 13th Sep 17

Market Oracle FREE Newsletter

5 Markets Ready to Move Before Year-End. Eexpert Analysis and New Trading Opportunities

Gold And Silver Central Bank Death Dance

Commodities / Gold and Silver 2013 Sep 28, 2013 - 11:22 AM GMT

By: Michael_Noonan

Commodities

If “they” can get you to ask the wrong questions[s], “they” do not have to worry about giving the right answer[s].

The question most have been asking is, why aren’t the prices of gold and silver reflecting the unprecedented huge demand and the almost depleted holdings of the exchanges and central banks? Article after article has been retelling the stories of long lines to buy silver and gold, all over the world, Russia and China buying everything available for sale from the gutless Western central bankers, failure to deliver physical gold by banks to customers, failure to deliver contract gold on the COMEX, rolling it forward and/or settling for cash for those who take it.


Each of these factors have been posed in the form of a question to ask why prices have not reached new highs, and substantially higher PM highs. These are the wrong questions which is why no one has offered the “right” answer as it pertains to price.

We have alluded to other issues in salvos against the central banks and New World Order, [NWO], on several occasions. The NWO, through the Bank for International Settlements, [BIS], its central banks own the United States since 1933, when this country was forced into bankruptcy and Socialist Roosevelt shut down the banking system to give time for the Federal Reserve to take total control. The de facto corporate federal government has been taking it marching orders from bankers since about 1861.

Central banks and governments produce nothing. Governments exist by sucking the financial lifeblood from the same citizens the government is supposed to serve. At least that was not the way it was supposed to work when this country was formed as a Republic. Since 1913, this government has been turned into an [un]represented democracy, controlled by the Fed/Wall Street bankers, for the benefit of their shareholders and uber- wealthy. Anyone else, under the 1%, is considered merely as fodder.

The only thing the United States has left to defend is the fiat Federal Reserve Note, [FRN] incorrectly known as “the dollar.” [By established law in the United States, FRNs are not dollars, repeat, are not dollars.] The de facto federal government rules by deception on every level, and it does everything to hide this fact of law, successfully, we should add, as but one example of many re deceptive practices.

Cognitive dissonance has almost all of the American population, and the rest of the world believing FRNs are “dollars.” Those unaware are unaware of being unaware, and as a consequence, the unaware are not asking the right question[s]. When presented with the truth, people do not believe it. Instead, they believe in the lies fed to them so that the real truth sounds like a lie.

The NWO has shredded the organic Constitution, created by our forefathers, and replaced it with a federal constitution that is very similar to but drastically different from the original. The NWO has also driven out capitalism and replaced it with corporate fascism and central planning, for over the past century, but few have noticed or even care to know.

When you start to ask the right questions about the installed de facto regime that started over 150 years ago, when you ask the right questions about what money is, what a dollar is, what Federal Reserve Notes are not, despite their deceptive claims, then you will better know why gold and silver have not rallied to considerably higher levels in light of all that is going on in recent years.

Federal Reserve Notes are evidences of debt. Debt is not and cannot be money, yet people accept it as though it were. As long as Americans choose to be ignorant about basic facts as these, the NWO’s federal government will continue to fleece the population and suck the wealth out of this nation, as it has in the biggest wealth transfer ever in the world.

How do people in this country measure their wealth? By the worthless fiat FRN. Almost all measure their worth by debt. What is the antithesis of debt? Gold and silver, those metals which have a proven history of an intrinsic store of value.

Prior to the Federal Reserve, this country issued United States Treasury Notes, backed by gold and silver. Every Note could be exchanged for its face value into gold or silver, at any time. Into what can anyone exchange a Federal Reserve Note? For another one, only.

The value of an original FRN issued in 1913 is worth about 2 cents, today, maybe less, not that it matters. The value of an ounce of gold in 1913 was $18.32. Even at today’s price, suppressed as is has been, that same ounce of gold is worth $1,340. The price of silver in 1913 was $1.29 vs $22 today.

Here is at least one right question you should be asking: Which would you rather own, a fiat piece of paper, or an ounce of gold or silver?

The reason why gold and silver are not priced higher is not because of the true demand situation, or even the dwindling supply/default on physical delivery circumstances. The question hardly anyone is asking is why are central banks and their servant governments doing everything possible to preserve the soon to be devalued “dollar,” more accurately, FRNs?

Central bankers may currently be engaged in their own “death dance,” with increasing odds that their criminal banking scheme is being exposed for what it is and has been. Whether it is allegro or adagio, no one knows. For sure, Eastern countries are no longer tolerating the Western banking Ponzi scheme and are shunning the “dollar,” forever.

If the prices of gold and silver were allowed to reflect their true worth, it would totally undermine the existence of the “dollar” and topple central bankers and governments. Those bankers in control are not going to go down, [which they inevitably will], without a fight, and they will destroy existing western currencies in the process. If the paper “dollar” is how you measure your worth, you have been warned.

We have been advocating buying and holding physical gold and silver, regardless of price for reasons such as the above. Anyone gambling on timing of the availability for buying physical gold and silver is playing a risky game and ignoring factual history supportive of owning either or both. Do so at your own peril.

We have heard from esteemed sources that the COMEX/LBMA exchange pricing is a joke. That may be true, but it continues to work, and it may continue to work for longer than anyone expects. Some are measuring central banking gold/silver failure in months. It may last for years, still. No one knows the future, and those who have professed gold and silver reaching stratospheric heights have been wrong, for the most part, over the past few years.

At this point, we turn to those “silly” charts because we know of no better substitute no matter how corrupt they may be. They are accurately telling everyone what they can expect to pay for the purchase of physical gold and silver. What we do not see in any of the charts are signs of panic from the bears. That can change next month, but we are dealing with the present. Until there are definite signs of change, we reference the charts because of no viable alternative.

Not a lot can be said about the weekly. The trend is down. It has weakened a little but has not changed. The past three weeks were an attempt to get the market lower that failed, at least for now. Last week’s small range rally bar was relatively weak, but price managed to close on the higher end of the bar, a plus.

The same information is seen in greater detail on the daily. The effort to push price lower from six weeks ago was stopped, but the rally effort since has been somewhat weak. Gold needs to rally away from this little support area, or it could be challenged, again.

Price continues to hold above the gap higher rally bar, 7 weeks ago. It continues to be an important turning point for silver. The trend is down, but there has been no concerted effort to push it lower, as was seen in the Spring.

There is a slight positive aspect to the clustering of closes, but with the trend still down, the onus is on buyers to show control by moving price higher, soon.

The futures have been difficult to trade, but buying physical gold and silver is a no-brainer.

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

© 2005-2017 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

Catching a Falling Financial Knife