Best of the Week
Most Popular
1.UK General Election BBC Exit Polls Forecast Accuracy - Nadeem_Walayat
2.UK General Election 2017 Seats Final Forecast, Labour, Conservative Lib-Dem, SNP - Nadeem_Walayat
3.UK General Election 2017 Forecast: Conservative 358, Labour 212 Seats - Nadeem_Walayat
4.Theresa May to Resign, Fatal Error Was to Believe Worthless Opinion Polls! - Nadeem_Walayat
5.UK House Prices Forecast General Election 2017 Conservative Seats Result - Nadeem_Walayat
6.The Stock Market Crash of 2017 That Never Was But Could it Still Come to Pass? - Sol_Palha
7.[TRADE ALERT] Write This Gold Stock Ticker Down Now - WallStreetNation
8.UK General Election Results Map 2017 vs 2015 vs Opinion Polls - Nadeem_Walayat
9.Orphaned Poisoned Waters,Severe Chronic Water Shortage Imminent - Richard_Mills
10.How The Smart Money Is Playing The Lithium Boom - OilPrice_Com
Last 7 days
Mainstream Media Feeding Frenzy in the Echo Chamber - 28th Jun 17
The Fed Has Undermined the US Economy’s Ability to Grow - 28th Jun 17
“Secular Stagnation” Is Nonsense… Here’s the Real Reason Behind the US Downturn - 28th Jun 17
Sheffield Broomhall Hanover Flats Tower Block Cladding Could Take Months to Remove! - 28th Jun 17
Shrinkflation In UK – Real Inflation Much Higher Than Reported - 28th Jun 17
Are the UK Elections a Forgone Conclusion? - 28th Jun 17
Is the Tech Stock Market Bloodbath is Finally Here? - 28th Jun 17
Crude Oil Sinks 20%: Why "Oversupply" Isn't the Half of It - 28th Jun 17
Important Money Management Tips For Teenagers - 28th Jun 17
The Coming Battery Bonanza - 28th Jun 17
Overlooked Stock Investments To Keep An Eye On in 2017 - 27th Jun 17
The Federal Reserve And Drug Addiction – A Prediction - 27th Jun 17
Charts Show Why Emerging Markets Will Be an Essential Part of Your Portfolio Going Forward - 27th Jun 17
Former Lehman Brothers Trader: I Bet My Reputation That Stocks Bubble Will Pop In A Year - 27th Jun 17
US Bonds and Related Market Indicators - 27th Jun 17
Stocks At Record Highs: Market Sentiment Still Bullish - 27th Jun 17
Stock Market Running Out of Steam - 27th Jun 17
Gold Back With A Vengeance As Bitcoin Bubble Bursts - 26th Jun 17
Crude Oil Trade & Nasdaq QQQ Update - 26th Jun 17
Gold and Silver Ongoing Consolidation May End Soon - 25th Jun 17
Dollar May Become “Local Currency of the U.S.” Only - 25th Jun 17
Sheffield Great Flood of 2007, 10 Years On - Unique Timeline of What Happened - 24th Jun 17
US Stock Market Correction Could be Underway - 24th Jun 17
Proof That This Economic Recovery Narrative is False - 24th Jun 17
Best Cash ISA for Soaring Inflation, Kent Reliance Illustrates the Great ISA Rip Off - 24th Jun 17
Gold Summer Doldrums - 23rd Jun 17
Hedgers Net Short the Euro, US Market Rotates; 2 Horsemen Set to Ride? - 23rd Jun 17
Nether Edge By Election Result: Labour Win Sheffield City Council Seat by 132 Votes - 23rd Jun 17
Grenfell Fire: 600 of 4000 Tower Blocks Ticking Time Bomb Death Traps! - 22nd Jun 17
Car Sales About To Go Over The Cliff - 22nd Jun 17
LOG 0.786 support in CRUDE OIL and COCOA - 22nd Jun 17
More Stock Market Fluctuations Along New Record Highs - 22nd Jun 17
Understanding true money, Pound Sterling must make another historic low, Euro and Gold outlook! - 22nd Jun 17
Green Party Could Control Sheffield City Council Balance of Power Local Election 2018 - 22nd Jun 17
Ratio Combo Charts : Hidden Clues to the Gold Market Puzzle - 22nd Jun 17
Steem Hard Forks & Now People Are Making Even More Money On Blockchain Steemit - 22nd Jun 17
4 Steps for Comparing Binary Options Providers - 22nd Jun 17
Nether Edge & Sharrow By-Election, Will Labour Lose Safe Council Seat, Sheffield? - 21st Jun 17
Stock Market SPX Making New Lows - 21st Jun 17
Your Future Wealth Depends on what You Decide to Keep and Invest in Now - 21st Jun 17
Either Bitcoin Will Fail OR Bitcoin Is A Government Invention Meant To Enslave... - 21st Jun 17
Strength in Gold and Silver Mining Stocks and Its Implications - 21st Jun 17
Inflation is No Longer in Stealth Mode - 21st Jun 17
CRUDE OIL UPDATE- “0.30 risk is cheap for changing implication!” - 20th Jun 17
Crude Oil Verifies Price Breakdown – Or Is It Something More? - 20th Jun 17
Trump Backs ISIS As He Pushes US Onto Brink of World War III With Russia - 20th Jun 17
Most Popular Auto Trading Tools for trading with Stock Markets - 20th Jun 17
GDXJ Gold Stocks Massacre: The Aftermath - 20th Jun 17
Why Walkers Crisps Pay Packet Promotion is RUBBISH! - 20th Jun 17

Market Oracle FREE Newsletter

The MRI 3D Report

Gold And Silver 2014 Sharply Higher Prices? Be Careful What You Wish For

Commodities / Gold and Silver 2014 Dec 28, 2013 - 02:44 PM GMT

By: Michael_Noonan

Commodities

2013 comes to an end, and with it all those calls for gold and silver to be at much higher price levels. What will 2014 bring? More and more renewed calls for much higher price levels. Will 2014 be the year?

It is a possibility, but as the expression goes, "Be careful of what you wish for." So many who expect gold to exceed $3,000, even $10, 000, while for silver $100 and higher, but what are the expectations for how circumstances will be with PM at the higher end?


Do you believe your 100 ounces or 1,000 ounces of gold, and/or your 1,000 ounces or 10,000 ounces of silver will have increased your wealth, as you have been anticipating during the accumulation process, and everything else will be relatively the same, except your increased good fortune?

Be careful what you wish for. Things that change, apart from increased PM prices, may be far different from what you may think or have not thought through. One of the strong possibilities will be more war; if not a major one, then smaller civil wars disrupting life in the Western world as we know it.

The strongest predictor of future behavior is past behavior, and we know for certain is that starting another major war can be expected as a means of deflecting governmental instability. It always seems to start from some unrelated event, but the event is always calculated to being about the desired results: war. They are profitable for the controlling moneychangers, and they redirect the attention of the masses from the hardships of a [carefully orchestrated] resultant war.

Another certainty will be the relentless loss of personal freedoms, a throw-back to the Stasi days in East Germany, except it will be in your own neighborhood. The USA is much more like the USSA, and personal freedom will likely not exist, at least not as we know it today. The federal government will be in total control, monitoring the daily life of everyone 24/7.

If you have gold and or silver, and you want to use it, the question might be how? What happens if the powers that be have outlawed transactions in anything other than the State- sanctioned digital "currency" in which every transaction must contain your photo ID, address, and some form of "official approval" before completion?

Your 1 ounce gold coin is worth $10,000, but you just want to buy some food. Okay, your 1 ounce silver coin is worth $200, a more manageable situation. If what you want costs less than $200, what would you accept in return as "change?" Can you trust the person on the other side of the transaction not to turn you in to the authorities? Do you run the risk of alerting authorities to the fact that you have gold and/or silver, which now has you under a more intense surveillance from then on?

Beyond what is already known about ongoing world events, there are two primary wars of which few are aware. One began around 1770, and the other is currently being waged by the East v the West, as the West struggles for survival. We will endeavor to address the latter one, next week.

To understand the first, we are providing a link that was sent to us from one of our readers. We have made several mentions of the Rothschilds, the New World Order, the elites, the moneychangers, et al. They are real, and their impact on your life may have gone unnoticed, at least directly, as has always been their intent. We strongly urge you to read the entire article. It is the most comprehensive abbreviated version that gives a full account of how one man has changed the direction of the world, and irretrievably for the worse.

Not many Americans could explain what a dollar is if their life depended on it. We keep saying a dollar is not a Federal Reserve Note, or a Federal Reserve Note is not a dollar. Yet, the elites, through their installed Federal Reserve, would have everyone believe otherwise. See Gold - A Suppressed Market Remains Suppressed, But For How Long?, paragraphs 10 through 16, for a brief discussion on the subject as an example of how the illuminati work behind the scenes, carefully directing everything.

This information is not presented as the definitive explanation for events as they are today, but it is closer to the truth of which most are unaware. Read it. Understand it. Share it with your friends. Knowledge of what the illuminati are doing is essential for personal and economical survival.

We cannot speak for Europe, but the existence of the Euro Zone is a huge red flag. For sure, we are familiar with the de facto federal government that has been in total control of the United States since the 1933 bankruptcy, and even as extensively leading up to that culminating event. The Rothschild formula, as carried out by the illuminati is very real.

Here is the link for an ultra macro look at the world, followed by some charts for a micro look at gold and silver. http://www.secretsofthefed.com/qwefqwr/

There is little from last week that has altered the picture for the down trend in gold. The small range for the week is difficult to read. The close on the upper end of the range tells us buyers won the battle, last week, but the lack of further upside direction also says the rally effort was weak. With the holiday, it may not be worth trying to read much into it.



The last six bars suggests the probability for at least a nominal lower low if greater than not. The rally effort of the last 5 trading days is labored when compared to the ease of downward movement for the 6th bar.

Of the three green rally bars, designated by a higher close from the previous day, the most volume was on the last one, and the close was mid-range. This tells us that sellers were meeting the effort of buyers and even stopping the buyers. Odds favor further decline into next week. Whatever the market does, the trend has not yet reversed.



The support area for silver is holding relatively better than that for gold, but the trend is still down.



While it can be viewed more as a positive that daily silver has formed a trading range, [TR] instead of going lower, TRs do not provide much useful information as they form.


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