Best of the Week
Most Popular
1. Climate Change Mass Extinction - Birds, Bees and Bugs: Going Going Gone - Richard_Mills
2.A Purrrfect Gold Price Setup! - Peter_Degraaf
3.Who Finances America's Borrowing? Recession Indicator for Independent Thinkers Part 2 - F_F_Wiley
4.America’s One-sided Domestic Financial War - Raymond_Matison
5.Gold Price Summer Doldrums - Zeal_LLC
6.Two Key Events Will Unleash Gold - Jim_Willie_CB
7.Billionaire Schools Teacher in NAFTA Trade Talks - Richard_Mills
8.Get Out Of Crypto Cannabis Bubble Before It Pops and Move Into Bargain Basement Miners - Jeb_Handwerger
9.Stock Market Could Pullback for 1-2 weeks, But Medium Term Bullish - Troy_Bombardia
10.G7 Chaos, Central Banks and US Fed Will Drive Stock Prices This Week - Chris_Vermeulen
Last 7 days
Could A Big Move In The Global Stock Markets Be Setting Up? - 25th Jun 18
Soybean Price Hits 9 Year Low Due to Trade War - 24th Jun 18
Small Cap Stocks, Technology and Pharma To Drive A Renewed Market Rally - 24th Jun 18
Gerald Celente: Why You Still Need Guns, Gold, and a Getaway Plan... - 23rd Jun 18
Cheap Gold Stocks Bottom Basing - 23rd Jun 18
A Trade War Won’t Be Good for the US Dollar - 23rd Jun 18
SPX/Gold, Long-term Yields & Yield Curve 3 Amigos Update - 22nd Jun 18
Gold - How Long Can This Last? - 22nd Jun 18
Dow Has Fallen 8 days in a Row. Medium-long Term Bullish for Stocks - 22nd Jun 18
Trouble Spotting Market Trends? This Can Help - 22nd Jun 18
Financial Markets Analysis and Trend Forecasts 2018 - A Message from Nadeem Walayat - 21st Jun 18
SPX Bouncing Above Support - 21st Jun 18
Things You Need To Know If You Want To Invest In Bitcoin Now - 21st Jun 18
The NASDAQ’s Outperformance vs. the Dow is Very Bullish - 21st Jun 18
Warning All Investors: Global Stock Market Are Shifting Away From US Price Correlation - 20th Jun 18
Gold GLD ETF Update… Breakdown ? - 20th Jun 18
Short-term Turnaround in Bitcoin Might Not Be What You Think - 19th Jun 18
Stock Market’s Short Term Downside Will be Limited - 19th Jun 18
Natural Gas Setup for 32% Move in UGAZ Fund - 19th Jun 18
Magnus Collective To Empower Automation And Artificial Intelligence - 19th Jun 18
Trump A Bull in a China Shop - 19th Jun 18
Minor Car Accident! What Happens After You Report Your Accident to Your Insurer - 19th Jun 18
US Majors Flush Out A Major Pivot Low and What’s Next - 18th Jun 18
Cocoa Commodities Trading Analysis - 18th Jun 18
Stock Market Consolidating in an Uptrend - 18th Jun 18
Russell Has Gone Up 7 Weeks in a Row. EXTREMELY Bullish for Stocks - 18th Jun 18
What Happens Next to Stocks when Tech Massively Outperforms Utilities and Consumer Staples - 18th Jun 18
The Trillion Dollar Market You’ve Never Heard Of - 18th Jun 18
The Corruption of Capitalism - 17th Jun 18
North Korea, Trade Wars, Precious Metals and Bitcoin - 17th Jun 18
Climate Change and Fish Stocks – Burning Oxygen! - 17th Jun 18
A $1,180 Ticket to NEW Trading Opportunities, FREE! - 16th Jun 18
Gold Bullish on Fed Interest Rate Hike - 16th Jun 18
Respite for Bitcoin Traders Might Be Deceptive - 16th Jun 18

Market Oracle FREE Newsletter

5 "Tells" that the Stock Markets Are About to Reverse

Very Strong Indirect Reasons To Buy Gold And Silver

Commodities / Gold and Silver 2015 Jan 10, 2015 - 04:11 PM GMT

By: Michael_Noonan

Commodities

Got gold? Got silver? If not, you may not survive very well under the current and future regime[s] established in this country. Does price matter? Sure, everyone wants to buy reasonably near the lows, and there are many of us who paid substantially higher prices than currently exist. However, if there is no intent to sell but only hold as a form of wealth protection and/or a form of insurance against a worthless fiat paper currency, then price paid is really immaterial and focus should remain on purpose, not price. Owning and controlling either or both gold and silver are far more important.

In a market that is forming a bottom, price usually moves sideways along the RHS of the chart [Right Hand Side]. What is known for certain is that the farther price moves along the RHS, the closer it gets to a final resolution: a final bottom and eventual reversal of trend. The same applies to the ownership of gold and silver.


No one, absolutely no one knows when a bottoming process will end, and in this regard, we refer to the ending process of the Federal Reserve fiat "dollar" being used as the world's reserve currency. [What that means is goods on the world market are price and settled in terms of dollars and no other currency, unless countries decide to trade using their own currencies and outside of the fiat "dollar" system.] The fiat "dollar" is still moving farther along the RHS of its ultimate demise.

This is where the elite's central banking system, through London and Washington DC, finds itself today. More and more countries are turning away from the fiat "dollar" and using alternatives. Think of London as the controlling financial arm and Washington D C as the military enforcement behind the money.

The Western financial central banking system is losing its control, and it continues to move along the RHS of that loss of control. When will loss of control be final? That is the same as asking when will gold and silver put in a final bottom? Unanswerable as to an exact date, and almost near impossible as to a reasonable window of time. Almost none of all the experts in the PM community foresaw the extent of the decline from the highs over three years ago, and since 2013 and 2014, almost none called for the recent lows currently prevailing. [There may always be one or two, but we do not know who they are.]

When the fiat Federal Reserve "dollar" finally loses its status as the world's reserve currency, gold and silver will have then begun to make an upward price adjustment or will begin to make the upward adjustment, and all who paid much higher prices for gold and silver will stop whining about price.

Here are a few examples of very strong, not so unrelated reasons for actively buying physical gold and silver.

More people need to be aware of the government under which they live in the United States. It is not "their government," as most assume. The United States has not been a Constitutional Republic for almost 150 years, when it became a de facto government on 27 March 1861, when 7 states from the South walked out of Congress that then lost its Constitutional quorum, sine die,[pronounced sy-nee dye, Latin for "without a day"] for reconvening Congress. Without the necessary quorum to reconvene, the Constitutional government ceased to exist.

On 15 April 1861, President Lincoln reconvened Congress entirely under the Executive branch by presidential proclamation, Executive Order 1, "I do hereby, in virtue of the power vested in me by the Constitution, convene both Houses of Congress."

What people do not know is this country has been a presidential dictatorship ever since.

Let that sink in.

What has since evolved is a fascist government with a primary goal of serving the ruling oligarchs. The terms will be defined simply so that everyone is clear as to meaning. A fascist government is one that is more important than any individual or group, as well as any provision for liberty[s]. Think of the Patriot Act and Obama's National Defense Authorization Act, both severely restricting individual freedoms in this country.

One need also consider the NSA and how its pervasive spying of every US citizen's phone calls, e-mails with express government approval and full budget support. There is also FEMA, DHS, and the hands on everyone everywhere TSA. To all of these can be added the recent militarization of local police forces that are often more heavily armed that real soldiers in combat. [Few people in this country are aware that police are not required to protect the public, per Supreme Court rulings.]

Under a fascist government is one person designated as leader, for which Obama qualifies. He rules however he wants with little regard for the established political process, one that has been totally corrupted, anyway. The entire de facto government has been under the direction of a shadow government, the ruling elite pushing for a one world government, via the United Nations. Those in control of the government are the oligarchs. An oligarchy is where a small group of people have all the power.

For anyone who believes this "governmental shoe" doe not fit the US, you are not paying attention, or the only attention being paid is to bought-and-paid-for-mainstream-news and announcements [almost always, if not always, lies] from the de facto government.

The Constitution does not exist in the de facto government, only a federal constitution exists, one where Rights have been replaced with privileges, where the will of one is protected against the majority has given way to the majority rules and Rights are subordinate or nonexistent.

The United States is recognized as the leading country transgressing the rights and sovereignty of its own citizens, and for those of the rest of the world. There is no country that conducts more wars than the US. The entire banking system has been protected by the government at the expense of all citizens. Today, any money held in a bank now belongs to the bank. It ain't your money any more! If a bank fails, you lose. This is how the federal government has set up the rules t protect the oligarch's banking system.

Here is a link to an article we found posted on the Shift Frequency web site entitled "America's War On Whistleblowers And Journalists Since 9/11." [If the hot link does not work, it is on our website under "Anything Goes" section.] If you want to know why you should own and hold gold and silver, this article is a mosaic of so many and on topics too numerous to mention. It provides an awareness of what this government is doing and how it will have a direct impact on your future, financial and otherwise. To not own PMs at any price is a huge gamble.

Back to the charts...

There are times when little can be added to what has already been said. The trend remains down in gold, and until there is evidence of a strong reversal, this market continues to move along the RHS of a weak TR [Trading Range]. This is why we do not engage in any "predictions" of what the market will do. It is an exercise in ego and folly, and a waste of time. One need only go back to those who are making predictions for 2015 and read what was predicted for 2014 for proof.

Continue buying the physical, but the paper market is dead in the water from the long side.

Gold Weekly Chart

Even with a decent rally to start 2015, look at where price is...locked within a TR. The market is not advertising any opportunity[s] at present.

Gold Daily Chart

Since breaking under 18, silver traded sideways for 5 weeks and then made another break to the downside. It has been trading sideways for 11 weeks. It is from this kind of sideways activity that an opportunity can arise. The problem is the overhead resistance appears to be an impediment for an upside breakout. However, anything can happen. Best to wait and see what develops and the manner in which it does.

Silver Weekly Chart

Interestingly, the sideways activity looks more promising on the weekly than on the daily. Until there are signs of strong upside movement with strong closes and increased volume, it is hard to get excited for the paper market.

Otherwise, keep staking.

Silver Daily Chart

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