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
Dow Short-term Stock Market Trend Analysis - 6th Mar 21
Intel Rocket Lake EXPLODE on Launch - 11th Gen CPU's RUN VERY HOT Bad Cinebench R20 Scores - 6th Mar 21
US & UK Head for Post Coronavirus Pandemic Lockdown Inflationary Economic BOOM - 6th Mar 21
FED Balance Sheet Current State - 5th Mar 21
The Global Vaccine Race Against Time and Variants - 5th Mar 21
US Treasury Yields Rally May Trigger A Crazy Ivan Event (Again) In Stock Market - 5th Mar 21
After Gold’s Slide, What Happens to Miners? - 5th Mar 21
Racism Pandemic Why UK Black and Asians NOT Getting Vaccinated - NHS Covid-19 BAME - 5th Mar 21
Get Ready for Inflation Mega-trend to Surge 2021 - 4th Mar 21
Stocks, Gold – Rebound or Dead Cat Bounce? - 4th Mar 21
The Top Technologies That Are Transforming the Casino Industry - 4th Mar 21
How to Get RICH Crypto Mining Bitcoin, Ethereum With NiceHash - 4th Mar 21
Coronavirus Pandemic Vaccines Indicator Current State - 3rd Mar 21
AI Tech Stocks Investing 2021 Buy Ratings, Levels and Valuations Explained - 3rd Mar 21
Stock Market Bull Trend in Jeopardy - 3rd Mar 21
New Global Reserve Currency? - 3rd Mar 21
Gold To Monetary Base Ratio Says No Hyperinflation - 3rd Mar 21
US Fed Grilled about Its Unsound Currency, Digital Currency Schemes - 3rd Mar 21
The Case Against Inflation - 3rd Mar 21
How to Start Crypto Mining Bitcoins, Ethereum with Your Desktop PC, Laptop with NiceHash - 3rd Mar 21
AI Tech Stocks Investing Portfolio Buying Levels and Valuations 2021 Explained - 2nd Mar 21
There’s A “Chip” Shortage: And TSMC Holds All The Cards - 2nd Mar 21
Why now might be a good time to buy gold and gold juniors - 2nd Mar 21
Silver Is Close To Something Big - 2nd Mar 21
Bitcoin: Let's Put 2 Heart-Pounding Price Drops into Perspective - 2nd Mar 21
Gold Stocks Spring Rally 2021 - 2nd Mar 21
US Housing Market Trend Forecast 2021 - 2nd Mar 21
Covid-19 Vaccinations US House Prices Trend Indicator 2021 - 2nd Mar 21
How blockchain technology will change the online casino - 2nd Mar 21
How Much PC RAM Memory is Good in 2021, 16gb, 32gb or 64gb? - 2nd Mar 21
US Housing Market House Prices Momentum Analysis - 26th Feb 21
FOMC Minutes Disappoint Gold Bulls - 26th Feb 21
Kiss of Life for Gold - 26th Feb 21
Congress May Increase The Moral Hazard Building In The Stock Market - 26th Feb 21
The “Oil Of The Future” Is Set To Soar In 2021 - 26th Feb 21
The Everything Stock Market Rally Continues - 25th Feb 21
Vaccine inequality: A new beginning or another missed opportunity? - 25th Feb 21
What's Next Move For Silver, Gold? Follow US Treasuries and Commodities To Find Out - 25th Feb 21
Warren Buffett Buys a Copper Stock! - 25th Feb 21
Work From Home Inflationary US House Prices BOOM! - 25th Feb 21
Man Takes First Steps Towards Colonising Mars - Nasa Perseverance Rover in Jezero Crater - 25th Feb 21
Musk, Bezos And Cook Are Rushing To Lock In New Lithium Supply - 25th Feb 21
US Debt and Yield Curve (Spread between 2 year and 10 year US bonds) - 24th Feb 21
Should You Buy a Landrover Discovery Sport in 2021? - 24th Feb 21
US Housing Market 2021 and the Inflation Mega-trend - QE4EVER! - 24th Feb 21
M&A Most Commonly Used Software - 24th Feb 21
Is More Stock Market Correction Needed? - 24th Feb 21
VUZE XR Camera 180 3D VR Example Footage Video Image quality - 24th Feb 21
How to Protect Your Positions From A Stock Market Sell-Off Using Options - 24th Feb 21
Why Isn’t Retail Demand for Silver Pushing Up Prices? - 24th Feb 21
2 Stocks That Could Win Big In The Trillion Dollar Battery War - 24th Feb 21
US Economic Trends - GDP, Inflation and Unemployment Impact on House Prices 2021 - 23rd Feb 21
Why the Sky Is Not Falling in Precious Metals - 23rd Feb 21
7 Things Every Businessman Should Know - 23rd Feb 21
For Stocks, has the “Rational Bubble” Popped? - 23rd Feb 21
Will Biden Overheat the Economy and Gold? - 23rd Feb 21
Precious Metals Under Seige? - 23rd Feb 21
US House Prices Trend Forecast Review - 23rd Feb 21
Lithium Prices Soar As Tesla, Apple And Google Fight For Supply - 23rd Feb 21
Stock Markets Discounting Post Covid Economic Boom - 22nd Feb 21
Economics Is Why Vaccination Is So Hard - 22nd Feb 21
Pivotal Session In Stocks Bull Bear Battle - 22nd Feb 21
Gold’s Downtrend: Is This Just the Beginning? - 22nd Feb 21
The Most Exciting Commodities Play Of 2021? - 22nd Feb 21
How to Test NEW and Used GPU, and Benchmark to Make sure it is Working Properly - 22nd Feb 21
US House Prices Vaccinations Indicator - 21st Feb 21
S&P 500 Correction – No Need to Hold Onto Your Hat - 21st Feb 21
Gold Setting Up Major Bottom So Could We See A Breakout Rally Begin Soon? - 21st Feb 21
Owning Real Assets Amid Surreal Financial Markets - 21st Feb 21
Great Investment Ideas For 2021 - 21st Feb 21

Market Oracle FREE Newsletter

FIRST ACCESS to Nadeem Walayat’s Analysis and Trend Forecasts

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

© 2005-2019 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