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Elliott Wave Trading

Gold And Silver – Elites Want War. Front Man Obama Pushing Hard

Commodities / Gold and Silver 2014 May 03, 2014 - 12:44 PM GMT

By: Michael_Noonan

Commodities

The modus operandi of the elites is to create chaos, preferably in the form of [profitable for them] war. Their purpose is to create major headaches for governments and people. The next step is to “offer solutions” to end the chaos. Without fail, the solutions always favor the elite who gain more control as part of the cost for the rescue.


Why war? A simple diversion used to cover the total insolvency of the entire Western banking system and the failure of all fiat currencies. The only solution will be financial destruction, and major economic life disruptions, especially in the ill-prepared United States. Previews of what is in store for the United States are found in Greece, Cyprus, Ireland, Venezuela, Argentina. The list grows.

There is only one head of state pushing for war against Russia, using Ukraine as a pawn, and that is the elite front-man, Barack Obama. What business does he have instigating chaos in that part of the world? None, quite simply, yet he leads the charge.

Are the citizens of the United States urging him on? No. What about the Europeans who transact billions of dollars in business with Russia, depend upon Russia for 20% to 35% to supply their natural gas needs? Are individual European states urging him on? No. Too much at risk, and European leaders do not want to bear the consequences of yet more sanctions that can end up hurting them more than hurting Russia.

German Chancellor Angela Merkel was in Washington this weekend, giving the appearance of being supportive of Obama but not offing it, directly. Ms Merkel may soon be saying auf weidersehen to her job within another year. If the German people are foolish enough to let the head Frau help decimate the German economy, through risking hundreds of thousands of jobs, risking future contracts between major German corporations and Russia, then like the docile Americans, the Germans will only have themselves to blame.

If European states are opposed to more sanctions that will ending harming them, then Obama has no other support, as he supports an illegal coup d’etat, the overtaking of an elected government, and blames Putin for breaking rules. Well, there is that unelected, non-representative group, the IMF, which is in Obama’s hypocritical corner. The IMF promised Ukraine $17 billion in tranched loans, with one small catch in the not so fine print: Ukraine, you must go to war against pro-Russian forces and take the eastern part of Ukraine, or you do not get your money!

Now we have the IMF, [Rothschilds] telling one country to start a civil war and capture the Eastern Ukraine. This is how the elites work, and the Nobel Peace Prize recipient, Barack Obama, is their front man, leading the charge, just like he did in Egypt, Libya, Syria, Afghanistan. Egypt was a purely political manuever. Libya has oil, and prior to the killing of Muammar Gaddafi, that country used to own gold, which was the first order of business to ransack, just as the Ukrainian gold was the first thing to disappear, into greedy Western thieving hands. But always remember, according to Western interests, gold has not useful value, at least not in your hands. Syria is important for Russian access to ship natural gas to Europe, and the US sees it as a threat to the petro- dollar. Afghanistan has heroin that supports the CIA drug trade and a huge source of profitable money laundering for the Rothschild banking cartel.

What of Ukraine? It may be just what the elite needs, once attempts to provoke war in Syria failed. Why is attacking and capturing Eastern Ukraine so important? It has rich farmland that produces income, unlike to poorer Western Ukraine being exploited. Without the income from the eastern farmland, how else will the IMF ever get repaid?

What has this to do with the price of gold and silver? Both PMs need to be kept suppressed and not viewed as an alternative to the world’s largest Ponzi scheme, the Rothschild Western banking system, totally corrupt and insolvent to its core, but also totally in charge of all Western governments. The BRICS nations have created a fissure that continues to grow and remains the most viable threat to the West.

Expectations are that more European companies will start aligning themselves with Russia and China. Germany remains a key player, in that regard. Aligning herself with Obama may be what costs Merkel her job. Good riddance.

It seemed developing events would have already had an impact on gold and silver, but last week’s yet another manipulation “take-down” delayed the inevitable. It should be an overt reminder to all of the control the elites have to do whatever is necessary in order to maintain their power. Maybe there will be more “suicided” events where mid- tier bankers do their utmost best to defy gravity from varying heights of buildings.

[As an aside for our foreign readers, suicide is the taking of one's life. Use of the term "suicided" implies that the official reports of suicide in the 14 deaths, to date, may have been, shall we say, involuntarily assisted, hence suicided.]

The French banker, a woman named Lydia, was considered to be the first female to be “suicided,” by her attempt to defy gravity and leap to her death. Somehow, Sumana Sultana, 44, a banker for Rupali Bank escaped attention when she hung herself from her bedroom ceiling fan, back in January. That brings the sudden rash of banker “suicides” to 15.

It is a function of the elites to create problems like Ukraine, and/or any other area in which distractions can be used and keep people focusing on the wrong issues. The fundamentals for gold and silver are not connected to price because of Rothschild-like efforts, as we have been saying for the past few months. Until then, except for accumulating physical gold and silver at these absurdly low, artificial levels, keep one’s powder dry and use reasonably close stops if entering the paper market.

A look at the charts:

The monthly remains in a TR holding its 1200 area lows very well.

It is easier to see the sideways movement from the thin line connecting the swing highs and swing lows. Price needs to rally above the 1390 area to turn the near term trend up.

Notice how price sell-offs are labored, relative to the wide range rally bars. It is an overall positive sign in market activity, and it may set the stage for long positions in the futures market.

The monthly shows silver still bottoming, and the word patience keeps coming to mind.

Price sell-offs continue to hold, but lower swing highs show an inability of buyers to wrest control from sellers. Another test of support could weaken it sufficiently for sellers to get another new low, wiping out a lot of stops and weak longs. Otherwise, recent lows may provide an anchor for trading futures from the long side

The composition of the market activity shows selling dropped at Thursday’s recent new lows. This is a plus for buyers who will recognize that sellers were AWOL when they had a clear opportunity to drive price lower. Friday’s increased volume, wide range rally bar reflects how buyers acted and took advantage of the market-generated information.

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.

© 2014 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

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