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
The Greatest Investing Lesson Learned from the 1987 Stock Market Crash - 20th Oct 17
Stock Market Time to Go All-in. Short, That Is - 19th Oct 17
How Gold Bullion Protects From Conflict And War - 19th Oct 17
Stock Market Super Cycle Wave C May Have Started - 19th Oct 17
Negative Expectations, Will the Stock Market Correct? - 19th Oct 17
Knowing the Factors Affect your Car Insurance Premium - 19th Oct 17
Getting Your Feet Wet In Crypto Currencies - 19th Oct 17
10 Years Ago Today a Stocks Bear Market Started - 19th Oct 17
1987 Stock Market Crash 30th Anniversary Greatest Investing Lesson Learned - 19th Oct 17
Virgin Media Broadband Down, Catastrophic UK Wide Failure! - 19th Oct 17
The Passive Investing Bubble May Trigger A Massive Exodus from Stocks - 18th Oct 17
Gold Is In A Dangerous Spot - 18th Oct 17
History Says Global Debt Levels Will Lead to Another Crisis - 18th Oct 17
Deflation Basics Series: The Quantity Theory of Money - 18th Oct 17
Attractive European Countries for Foreign Investors - 18th Oct 17
Financial Transcription Services – What investors should know about them - 18th Oct 17
Brexit UK Vulnerable As Gold Bar Exports Distort UK Trade Figures - 18th Oct 17
Surge in UK Race Hate Crimes, Micro-Racism, Sheffield, Millhouses Park, Black on Asian - 18th Oct 17
Comfortably Numb: Surviving the Assault on Silver - 17th Oct 17
Are Amey Street Tree Felling's Devaluing Sheffield House Prices? - 17th Oct 17
12 Real-Life Techniques That Will Make You a Better Trader Now - 17th Oct 17
Warren Buffett Predicting Dow One Million - Being Bold Or Overly Cautious? - 17th Oct 17
Globalization is Poverty - 17th Oct 17
Boomers Are Not Saving Enough for Retirement, Neither Is the Government - 16th Oct 17
Stock Market Trading Dow Theory - 16th Oct 17
Stocks Slightly Higher as They Set New Record Highs - 16th Oct 17
Why is Big Data is so Important for Casino Player Acquisition and Retention - 16th Oct 17
How Investors Can Play The Bitcoin Boom - 16th Oct 17
Who Will Be the Next Fed Chief - And Why It Matters  - 16th Oct 17
Stock Market Only Minor Top Ahead - 16th Oct 17
Precious Metals Sector is on Major Buy Signal - 16th Oct 17
Really Bad Ideas - The Fed Should Have And Defend An Inflation Target - 16th Oct 17
The Bullish Chartology for Gold - 15th Oct 17
Wikileaks Mocking US Government Over Bitcoin Shows Why There Is No Stopping Bitcoin - 15th Oct 17
How to Wipe Out Puerto Rico's Debt Without Hurting Bondholders - 15th Oct 17
Gold And Silver – Think Prices Are Manipulated? Look In The Mirror! - 15th Oct 17
Q4 Pivot View for Stocks and Gold - 14th Oct 17
Gold Mining Stocks Q3’17 Preview - 14th Oct 17
U.S. Mint Gold Coin Sales and VIX Point To Increased Market Volatility and Higher Gold - 14th Oct 17
Yuan and Gold - 14th Oct 17
Tips for Avoiding a Debt Meltdown - 14th Oct 17
Bitcoin Hits New All-Time High Above $5,000 As Lagarde Concedes Defeat and Jamie Demon Shuts Up - 13th Oct 17
Golden Age for GOLD, Dark Age for the Stock Market - 13th Oct 17
The Struggle for Bolivia Is About to Begin - 13th Oct 17
3 Reasons to Take Your Invoicing Process Mobile - 13th Oct 17
What Happens When Amey Fells All of a Streets Trees (Sheffield Tree Fellings) - Video - 13th Oct 17
Stock Market Charts Show Smart Money And Dumb Money Are Moving In Opposite Directions—Here’s Why - 12th Oct 17
Your Pension Is a Lie: There’s $210 Trillion of Liabilities Our Government Can’t Fulfill - 12th Oct 17
Two Highly Recommended Books from Bob Prechter - 12th Oct 17

Market Oracle FREE Newsletter

3 Videos + 8 Charts = Opportunities You Need to See - Free

Supressed Gold Market Remains Suppressed, But For How Long?

Commodities / Gold and Silver 2013 Dec 22, 2013 - 10:06 AM GMT

By: Michael_Noonan

Commodities

Part of the reasoning for the price of gold to attain levels that are multiples of the current price, sometime into the future, [too late for those who have been calling for much higher gold prices in 2013], is the Federal Reserve central bank creating trillions and trillions of digital currency to support every underwater bank in existence. None of the newly created imaginary computer entries, aka currency, has made it into the hands of the business community, nor into the hands of the people, aka financial serfs, as far as bankers are concerned.


The elites use central banks as their ATM machines to pay all the huge bonuses bankers are paid, in return for financially destroying capitalism and maintaining control of the Western world. What the New World Order elites did not count on was the fact that their own central banks and the countries they bankroll would be faced with the Ponzi scheme destroying themselves from within, much like the United States and that failed European Union scheme.

Under such dire circumstances, the demand for gold has never been greater, at least from Eastern interests. The demand from public interests, while high, is not enough to cause alarm for central planners. They can keep the masses under control. On the other hand, they have been blindsided by China, and for a different reason, Russia.

China has been the recipient of every tonne of gold they can buy. Other countries have also increased gold purchases, the BRICS nations and Turkey, primarily, but China is the largest buyer of gold, by far. This has undermined the financial control of Western central bankers, who are selling all their gold in order to keep China at bay. The elites have spent the past few hundred years accumulating, giving paper in return, and now they are selling all they have as their own paper is coming back to roost. It has left their vgolden cupboards bare.

Russia has inserted themselves into the world as a new power in energy, undermining central banker control via the petro dollar, aka Federal Reserve Notes, that are backed by nothing but schemes to defraud the world and transfer as much wealth as possible into the control of the elites.

Syria has not been about use of chemicals [supplied by the West] in a civil war [stirred up by the West]. No. It has been about Syria as a strategic delivery point for supplying Europe with Russian natural gas. That makes a lot of the world less reliant on Saudi oil, which weakens the fiat Federal Reserve Notes, aka the "dollar."

Less demand for the US fiat "dollar" means there is less need, [really none, now] for the financially toxic Treasury bonds the US has been issuing [forcing upon] the rest of the world in order for the US to finance its now broken, debt-riddled country. The Fed has become the buyer of last resort to purchase its own debt in its desperate attempt to keep its Ponzi scheme alive.

What most of the public does not seem to grasp is events like these are responsible for gold and silver being intentionally suppressed by central bankers to keep themselves in power. It is almost that simple. We will never know the full stories behind what the Western governments are doing, but their powers have been destroying the countries under their control, and that control is maintained by worthless fiat currency, such as the dollar, backed by nothing, and the Euro, a forced currency created to "unite" Europe so it would be easier to fleece the member nations.

The stake to be driven into the hearts of these ruthless bureaucrats, more than well- paid to carry out the grand scheme of the elite New World Order, [call it whatever you will] is not wooden but golden. Gold is what the Rothschilds coveted the most. They discovered how controlling interest can be when greedy sovereign rulers needed money to finance their control and wars with other countries. [This all started a few hundred years ago.]

The Rothschilds supplied all the money necessary for kings to finance their wars. In return for unlimited availability of funds to pay the troops and all the other costs of battle, the Rothschilds demanded gold and silver as payment in return for their loans. Script was loaned out, gold and silver was paid back. When the ability to repay only gold and silver became untenable, Rothschild demanded control of that sovereign nation's money supply. Hence his famous, "Give me control over a nation's money, and I care not who makes the rules." The Rothschilds ruled the rulers, and they ruled from behind the scenes. This is how the New World Order, the powerful elites who control all the currencies, came into existence.

Who elected the International Monetary Fund, the Bank of International Settlements, those who dictate to the central banks? Who elected the bureaucrats in Brussels that run the European Union? This is an overly simplified version of "follow the money trail," but when you do, it leads back to the Rothschilds. Everything else is a symptom. The moneychangers are the root cause.

To this day, almost all Americans have no idea that the Federal Reserve is not a part of the Federal government. The central bank, like all Western central banks is a privately owned corporation. The Fed, as a private corporation, "lends" money to the U S Treasury. It does not actually lend anything, it creates bookkeeping entries and issues bonds, debts the U S must pay back to the Fed for the Fed lending a bookkeeping entry. What must the US pay back? Gold and silver.

What happens when the gold and silver run out? The elites who own and run the Fed puts the US into bankruptcy, [1933], declares a "bank holiday" by shutting down the U S bank system and reopens a few days later under the Federal Reserve banking system. The U S is gone. The Rothschild formula is now in control of the nation, the laws, the people.

The irony is China and Russia are not under the control of the central bankers, [yet?]. Neither country will play the Rothschild debt game. Neither China nor Russia will surrender their gold in return for participation in a world banking system that will give both countries unlimited amounts of fiat paper. China and Russia went in the opposite direction and built up their gold reserves, especially China.

China told the Western banking cartel to keep their paper. That nation even went as far as saying, "keep your Treasury Bonds, they are worthless. In fact, here, take them back and give us gold in return." If the Western banking cartel did not comply, China would simply dump all their bond holdings onto the market and bankrupt the Rothschild system.

World control is at stake. The West has had to empty out all their gold vaults, steal as much allocated gold as they could, default on silver contract deliveries via MF Global, doing whatever it takes to feed China and keep the collapsing fiat Ponzi scheme alive. Otherwise, the Western banking system would collapse, as it is doing, and the elites would lose their financial stranglehold over the nations they rule.

China and Russia, and the other BRICS nations are telling the US to perform an anatomical act on themselves with all the worthless fiat and derivatives they own and control. For all those who wonder why the "authorities" do not do anything to correct all these illegal activities on Wall Street, the COMEX and LBMA, it is because the authorizes are run by those who control Wall Street, the COMEX and LBMA.

The price of gold must be kept suppressed at all costs for many of the reasons cited. Does the fast-fading world reserve currency look like it is collapsing? The chart does not suggest it is.

The fiat currency is weak, and we can see this by an inability to trade back even to the 50% level of the range from the high to low shown on the chart. It is contained by a triangular coil formation, and nearer the upper half of the range. Whenever you see a price in the middle of any kind of range, information is at its most unreliable, for price can go either way and still not break out. Better to wait for clearer direction.

If the fiat dollar is not in danger of imminent "collapse," or even breaking down, then gold does not have this event as an impetus for rallying higher.



The barrage of "gold reserves are at lowest levels," or "the number of paper claims against each available physical ounce remains high," etc. All of these articles regurgitating these reports are well-intended, but they are already factored into the market. More of the same kinds of information is not going to change the downward price momentum, just like all the previous sensational news has not made any difference.

The gold market is being held hostage by the elites and tightly controlled by their central banks. Wall Street and bankers are impervious to rules, regulations, even laws. The likes of Lloyd Blankfein and Jamie Dimon are not doing god's work, they are doing the work of the elites to maintain total control over every aspect of people's lives.

Until that control is ceded, gold ain't going higher, at least in the short term.



For all the global demand for and short supply of gold, there are other reasons why you see price at the recent lows. However dismissive anyone wants to be of charts depicting what is admittedly a corrupt paper market, and irrespective of a premium for physical gold over paper, the price of the physical is still expressed in values related to the paper market.

That being said, there are so many reasons that one should be buying and accumulating physical gold. The Western financial system, [Ponzi scheme], of fiat currency is closer and closer to failing. China has no reason to force the West into immediate collapse. The Chinese are more patient and know the West will self-destruct on their own. China is already shopping the Western world, buying up bargains. Russia also knows it has a winning hand. The Putin v Obama showdown over Syria was an embarrassment to the rank political amateur U S president and a demonstration of Russian confidence.

Owning physical gold is one of the best ways of preserving one's wealth, even growing it, once Western default becomes a reality. The problem is that reality could take longer than most expect, as it already has. The upside for gold buyers is, they still have time to buy, and at prices that are unlikely to be revisited in anyone's life time.


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