Best of the Week
Most Popular
1. Next Financial Crisis Is Already Here! John Lewis 99% Profits CRASH - Retail Sector Collapse - Nadeem_Walayat
2.Why Is Apple Giving This Tiny Stock A $900 Million Opportunity? - James Burgess
3.Gold Price Trend Analysis - - Nadeem_Walayatt
4.The Beginning of the End of the Dollar - Richard_Mills
5.Stock Market Trend Forecast Update - - Nadeem_Walayat
6.Hindenburg Omen & Consumer Confidence: More Signs of Stock Market Trouble in 2019 - Troy_Bombardia
7.Precious Metals Sector: It’s 2013 All Over Again - P_Radomski_CFA
8.Central Banks Have Gone Rogue, Putting Us All at Risk - Ellen_Brown
9.Gold Stocks Forced Capitulation - Zeal_LLC
10.The Post Bubble Market Contraction Thesis Receives Validation - Plunger
Last 7 days
Palladium Shortages Expose Broken Futures Markets for Precious Metals - 9th Dec 18
Is an Inverted Yield Curve Bullish for Gold? - 9th Dec 18
Rising US Home Prices and Falling Sales - 8th Dec 18
Choosing Who the Autonomous Car Should Kill - 8th Dec 18
Stocks Selloff Boosting Gold - 8th Dec 18
Will Weak US Dollar Save Gold? - 7th Dec 18
This Is the End of Trump’s Economic Sugar High - 7th Dec 18
US Economy Will Deteriorate Over Next Half Year. What this Means for Stocks - 7th Dec 18
The Secret Weapon for Getting America 5G Ready - 7th Dec 18
These Oil Stocks Are a Ticking Time Bomb - 7th Dec 18
How Theresa May Put Britain on the Path Towards BrExit Civil War - 7th Dec 18
How easy is it to find a job in the UK iGaming industry? - 6th Dec 18
Curry's vs Jessops - Buying an Olympus TG-5 Tough Camera - 5th Dec 18
Yield Curve Harbinger of Stock Market Doom - 5th Dec 18
Stock Market Crashed While the Yield Curve Inverted - 5th Dec 18
Global Economic Outlook after Trump-Xi Trade War Timeout - 5th Dec 18
Stock Market Dow Plunge Following Fake US - China Trade War Truce - 5th Dec 18
Subverting BREXIT - British People vs Parliament Risks Revolution - 5th Dec 18
Profit from the Global Cannabis Boom by Investing in the Beverage Industry - 4th Dec 18
MP's Vote UK Government Behaving like a Dictatorship, in Contempt of Parliament - 4th Dec 18
Isn't It Amazing How The Fed Controls The Stock Market? - 4th Dec 18
Best Christmas LED String and Projector Lights for 2018 - Review - 4th Dec 18
The "Special 38" Markets You Should Trade ebook - 4th Dec 18
Subverting BrExit - AG Confirms May Backstop Deal Means UK Can NEVER LEAVE the EU! - 3rd Dec 18
The Bottled Water Bamboozle - 3rd Dec 18
Crude Oil After November’s Declines - 3rd Dec 18
Global Economic Perceptions Are Shifting - Asia China Markets Risks - 3rd Dec 18
Weekly Charts and Update on Equity Markets, FX Trades and Commodities - 3rd Dec 18
TICK TOCK, Counting Down to the Next Recession - 3rd Dec 18
Stock Market Key (Short-term) Support Holds - 3rd Dec 18
Stocks Bull Market Tops Are a Process - 3rd Dec 18
More Late-cycle Signs for the Stock Market and What’s Next - 3rd Dec 18
A Post-Powell View of USD, S&P 500 and Gold - 2nd Dec 18
Elliott Wave: SPX Decision Time Is Coming Soon - 2nd Dec 18
Junior Gold Stocks Q3’18 Fundamentals - 1st Dec 18
Little-Known BDC Stocks Thrive Amid Rising Rates and Earn Investors +7% Yields - 1st Dec 18
Ray Dalio: This Debt Cycle Will End Soon - 1st Dec 18
Bank of England Warns UK House Prices 30% BrExit Crash! - 1st Dec 18
Gold Fundamentals Improving but Not Bullish Yet - 30th Nov 18
What the Oil Short-sellers and OPEC Don’t Know about Peak Shale - 30th Nov 18
Global Economic Perceptions Are Shifting Imnplications for Stock Market - 30th Nov 18
The US Economy is Getting Worse. What this Means for Stocks - 30th Nov 18
Trailblazers Leading the Way in Online Reputation Management - 30th Nov 18
The Shift in Trend from Physical Printers to Online Printers - 30th Nov 18
UK House Prices 2019 No Deal BrExit 30% Crash Warning! - 30th Nov 18
Stocks Rallied, New Uptrend? - 29th Nov 18
The Fed Will Probably Stop Hiking Rates in 2019. What’s Next for Stocks - 29th Nov 18
Love. Fear. Inflation. A Precious Metals' Trifecta - 29th Nov 18
GBP/USD – Double Bottom or Further Declines? - 29th Nov 18
Stock Market Santa Rally Still a GO to Dow 27,000? - 29th Nov 18
UK Government and Bank of England BrExit Economic Armageddon Propaganda - 29th Nov 18
Why the Crude Oil Price Collapsed to $50 - 28th Nov 18
Gold Joins the Decline – the Earth is Shaking - 28th Nov 18
Watch This Picture As Asset Prices Fall - 28th Nov 18
GE’s Stock Price Crash Holds an Important Lesson About Investing - 28th Nov 18
5 Rules for Successful Trading - 28th Nov 18
Dollar Trend Imposes: EURUSD to Fall to 1.11 - 28th Nov 18
Gold, Original Money, Fiat Money - 28th Nov 18
When Will the Stocks Bull Market End? - 28th Nov 18
Looking ahead: Why the Smart Money is Investing in Green Energy - 28th Nov 18
The Yield Curve Will Invert Soon. What’s Next for the Stock Market - 27th Nov 18
Silver Trading and the Hands of a Broken Clock - 27th Nov 18
What's Inside SMIGGLE Christmas Advent Calender 2018 - 27th Nov 18
Investing in Recession Proof Trailer Parks - 27th Nov 18
The Advantages and Disadvantages of Debt Consolidation - 27th Nov 18
GDX, This Most-Hated Stock Could Return You 140% in Just a Few Months - 27th Nov 18

Market Oracle FREE Newsletter

How You Could Make £2,850 Per Month

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

© 2005-2018 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