Best of the Week
Most Popular
1. Gold vs Cash in a Financial Crisis - Richard_Mills
2.Current Stock Market Rally Similarities To 1999 - Chris_Vermeulen
3.America See You On The Dark Side Of The Moon - Part2 - James_Quinn
4.Stock Market Trend Forecast Outlook for 2020 - Nadeem_Walayat
5.Who Said Stock Market Traders and Investor are Emotional Right Now? - Chris_Vermeulen
6.Gold Upswing and Lessons from Gold Tops - P_Radomski_CFA
7.Economic Tribulation is Coming, and Here is Why - Michael_Pento
8.What to Expect in Our Next Recession/Depression? - Raymond_Matison
9.The Fed Celebrates While Americans Drown in Financial Despair - John_Mauldin
10.Hi-yo Silver Away! - Richard_Mills
Last 7 days
US Coronavirus Infections & Deaths Trend Trajectory - How Bad Will it Get? - 2nd Apr 20
Silver Looks Bearish Short to Medium Term - 2nd Apr 20
Mickey Fulp: 'Never Let a Good Crisis Go to Waste' - 2nd Apr 20
Stock Market Selloff Structure Explained – Fibonacci On Deck - 2nd Apr 20
COVID-19 FINANCIAL LOCKDOWN: Can PAYPAL Be Trusted to Handle US $1200 Stimulus Payments? - 2nd Apr 20
Day in the Life of Coronavirus LOCKDOWN - Sheffield, UK - 2nd Apr 20
UK Coronavirus Infections and Deaths Trend Trajectory - Deviation Against Forecast - 1st Apr 20
Huge Unemployment Is Coming. Will It Push Gold Prices Up? - 1st Apr 20
Gold Powerful 2008 Lessons That Apply Today - 1st Apr 20
US Coronavirus Infections and Deaths Projections Trend Forecast - Video - 1st Apr 20
From Global Virus Acceleration to Global Debt Explosion - 1st Apr 20
UK Supermarkets Coronavirus Panic Buying Before Lock Down - Tesco Empty Shelves - 1st Apr 20
Gold From a Failed Breakout to a Failed Breakdown - 1st Apr 20
P FOR PANDEMIC - 1st Apr 20
The Past Stock Market Week Was More Important Than You May Understand - 31st Mar 20
Coronavirus - No, You Do Not Hear the Fat Lady Warming Up - 31st Mar 20
Life, Religions, Business, Globalization & Information Technology In The Post-Corona Pandemics Age - 31st Mar 20
Three Charts Every Stock Market Trader and Investor Must See - 31st Mar 20
Coronavirus Stocks Bear Market Trend Forecast - Video - 31st Mar 20
Coronavirus Dow Stocks Bear Market Into End April 2020 Trend Forecast - 31st Mar 20
Is it better to have a loan or credit card debt when applying for a mortgage? - 31st Mar 20
US and UK Coronavirus Trend Trajectories vs Bear Market and AI Stocks Sector - 30th Mar 20
Are Gold and Silver Mirroring 1999 to 2011 Again? - 30th Mar 20
Stock Market Next Cycle Low 7th April - 30th Mar 20
United States Coronavirus Infections and Deaths Trend Forecasts Into End April 2020 - 29th Mar 20
Some Positives in a Virus Wracked World - 29th Mar 20
Expert Tips to Save on Your Business’s Office Supply Purchases - 29th Mar 20
An Investment in Life - 29th Mar 20
Sheffield Coronavirus Pandemic Infections and Deaths Forecast - 29th Mar 20
UK Coronavirus Infections and Deaths Projections Trend Forecast - Video - 28th Mar 20
The Great Coronavirus Depression - Things Are Going to Change. Here’s What We Should Do - 28th Mar 20
One of the Biggest Stock Market Short Covering Rallies in History May Be Imminent - 28th Mar 20
The Fed, the Coronavirus and Investing - 28th Mar 20
Women’s Fashion Trends in the UK this 2020 - 28th Mar 20
The Last Minsky Financial Snowflake Has Fallen – What Now? - 28th Mar 20
UK Coronavirus Infections and Deaths Projections Trend Forecast Into End April 2020 - 28th Mar 20
DJIA Coronavirus Stock Market Technical Trend Analysis - 27th Mar 20
US and UK Case Fatality Rate Forecast for End April 2020 - 27th Mar 20
US Stock Market Upswing Meets Employment Data - 27th Mar 20
Will the Fed Going Nuclear Help the Economy and Gold? - 27th Mar 20
What you need to know about the impact of inflation - 27th Mar 20
CoronaVirus Herd Immunity, Flattening the Curve and Case Fatality Rate Analysis - 27th Mar 20
NHS Hospitals Before Coronavirus Tsunami Hits (Sheffield), STAY INDOORS FINAL WARNING! - 27th Mar 20
CoronaVirus Curve, Stock Market Crash, and Mortgage Massacre - 27th Mar 20
Finding an Expert Car Accident Lawyer - 27th Mar 20
We Are Facing a Depression, Not a Recession - 26th Mar 20
US Housing Real Estate Market Concern - 26th Mar 20
Covid-19 Pandemic Affecting Bitcoin - 26th Mar 20
Italy Coronavirus Case Fataility Rate and Infections Trend Analysis - 26th Mar 20
Why Is Online Gambling Becoming More Popular? - 26th Mar 20
Dark Pools of Capital Profiting from Coronavirus Stock Markets CRASH! - 26th Mar 20
CoronaVirus Herd Immunity and Flattening the Curve - 25th Mar 20
Coronavirus Lesson #1 for Investors: Beware Predictions of Stock Market Bottoms - 25th Mar 20
CoronaVirus Stock Market Trend Implications - 25th Mar 20
Pandemonium in Precious Metals Market as Fear Gives Way to Command Economy - 25th Mar 20
Pandemics and Gold - 25th Mar 20
UK Coronavirus Hotspots - Cities with Highest Risks of Getting Infected - 25th Mar 20
WARNING US Coronavirus Infections and Deaths Going Ballistic! - 24th Mar 20
Coronavirus Crisis - Weeks Where Decades Happen - 24th Mar 20
Industry Trends: Online Casinos & Online Slots Game Market Analysis - 24th Mar 20
Five Amazingly High-Tech Products Just on the Market that You Should Check Out - 24th Mar 20
UK Coronavirus WARNING - Infections Trend Trajectory Worse than Italy - 24th Mar 20
Rick Rule: 'A Different Phrase for Stocks Bear Market Is Sale' - 24th Mar 20
Stock Market Minor Cycle Bounce - 24th Mar 20
Gold’s century - While stocks dominated headlines, gold quietly performed - 24th Mar 20
Big Tech Is Now On The Offensive Against The Coronavirus - 24th Mar 20
Socialism at Its Finest after Fed’s Bazooka Fails - 24th Mar 20
Dark Pools of Capital Profiting from Coronavirus Stock and Financial Markets CRASH! - 23rd Mar 20
Will Trump’s Free Cash Help the Economy and Gold Market? - 23rd Mar 20
Coronavirus Clarifies Priorities - 23rd Mar 20
Could the Coronavirus Cause the Next ‘Arab Spring’? - 23rd Mar 20
Concerned About The US Real Estate Market? Us Too! - 23rd Mar 20
Gold Stocks Peak Bleak? - 22nd Mar 20
UK Supermarkets Coronavirus Panic Buying, Empty Tesco Shelves, Stock Piling, Hoarding Preppers - 22nd Mar 20
US Coronavirus Infections and Deaths Going Ballistic as Government Start to Ramp Up Testing - 21st Mar 20
Your Investment Portfolio for the Next Decade—Fix It with the “Anti-Stock” - 21st Mar 20
CORONA HOAX: This Is Almost Completely Contrived and Here’s Proof - 21st Mar 20
Gold-Silver Ratio Tops 100; Silver Headed For Sub-$10 - 21st Mar 20
Coronavirus - Don’t Ask, Don’t Test - 21st Mar 20
Napag and Napag Trading Best Petroleum & Crude Oil Company - 21st Mar 20
UK Coronavirus Infections Trend Trajectory Worse than Italy - Government PANICs! Sterling Crashes! - 20th Mar 20
UK Critical Care Nurse Cries at Empty SuperMarket Shelves, Coronavirus Panic Buying Stockpiling - 20th Mar 20
Coronavirus Is Not an Emergency. It’s a War - 20th Mar 20
Why You Should Invest in the $5 Gold Coin - 20th Mar 20
Four Key Stock Market Questions To This Coronavirus Crisis Everyone is Asking - 20th Mar 20
Gold to Silver Ratio’s Breakout – Like a Hot Knife Through Butter - 20th Mar 20
The Coronavirus Contraction - Only Cooperation Can Defeat Impending Global Crisis - 20th Mar 20
Is This What Peak Market Fear Looks Like? - 20th Mar 20
Alessandro De Dorides - Business Consultant - 20th Mar 20
Why a Second Depression is Possible but Not Likely - 20th Mar 20

Market Oracle FREE Newsletter

Coronavirus-bear-market-2020-analysis

Gold And Silver – Forget The News. Silver $12 – 14? Gold $1,000 – 1,100?

Commodities / Gold and Silver 2015 Feb 07, 2015 - 04:51 PM GMT

By: Michael_Noonan

Commodities

How are all them facts and figures about gold/silver accumulation by China, Russia, India, et al, shortages at the COMEX, LMBA for delivery of the [non-existent]physical metal, drainage of GLD, unprecedented public demand for coins, accompanied by pretty graphs and charts, working out?

Question – where are the results of all, and we mean all of the above considerations, and more? Have these factors [and they are legitimate], driven the price of gold and silver to unprecedented levels? If not unprecedented levels, have they driven the price of gold and silver to $1,400 and $25? If not, why not?


Welcome to the real world, the one run by the elite banking cabal.

The elites do not make the law, they are the law. All governments are their servants.

What would it be like to live within the New World Order? You already do. Every aspect of your life is almost totally under the scrutiny of spying agencies neither answerable nor accountable to anyone. The NSA has been around since the 1950s. Edward Snowden put that agency on everyone’s alert. To what end? In the end, to no end. American apathy, even European apathy are insuring the NWO has no opposition, at least not in the Western world.

The ever-increasing pace of events has reached a high-fevered pitch, and none of it is accidental. Everything is planned, including the destruction of the Federal Reserve “dollar.” It is being replaced because it has outlived its usefulness to the elites, and for the past 5 or 10 years, plans have been made and are now being implemented to replace the supremacy of the “dollar, ” to be replaced by…not gold and silver, as so many might expect, but more than likely, an IMF-created Special Drawing Rights [SDR]. SDRs will first be used by countries, perhaps in the form of SDR bonds backed by gold, silver, oil, and other natural resource commodities. Eventually, they may morph into an international currency [a One World Currency], where no nation has sovereignty, but that is a speculative guess.

The MO [Modus Operandi], of the elites is to create chaotic situations, offer a solution, and then take control to resolve the problem. The fall of the fiat “dollar” from grace is being carefully orchestrated by the elites whose driving ambition is centralized world domination. The European Union is rapidly declining as a viable Union, eventually to go bust. The elite globalists are seeing to it that Americans and Europeans will suffer from the decline of their fiat currencies. As people panic at their loss of savings, jobs, homes [consider Greece], the elites will usher in their new world currency “to save the day.” Of course, people will have to give up all independence, in the process of “being saved.” [as planned]

Wealth will disappear, just as the middle class in America has disappeared. Financial chaos will be on everyone’s mind and the agenda of the elite propaganda organizations, called mainstream news, all under the hidden but guiding hand of the elites seeking more and more consolidation of power over weaker and weaker masses, with little to no resistance will send out the message of salvation. How will the world be saved?

[You will have to drink the kool-aid.]

Enter the IMF, which will include the BRICS, which means China and Russia will be a part of the solution/problem, all under the umbrella of the BIS [Bank For International Settlements], under the watchful eye, and control, of the elites. The New World Order will be nothing more than a remake of the existing Old World Order going on now. The fact that China and Russia are supportive of the IMF and want the BRICS to have a greater role pretty much precludes gold and silver as the next “reset” currency.

Will the fiat “dollar” die? Unlikely, but it will undergo dramatic change, especially for unsuspecting Americans who still believe in God and country. God is not paying their Social Security benefits, Medicaid/Medicare, Link cards, Food Stamps, etc, and the government has been stealing the wealth of the nation for the past century, literally. For the unaware, their pensions, 401k plans and IRAs are next on the agenda to be stolen. Maybe stolen is too harsh a word. All retirement savings will be replaced with worthless government securities, so we recant the word “stolen.”

Whatever, and however things change, expect all change for the worse. Are we exaggerating? Why does anyone think the Frank-Dodd restrictions were just negated by Congress? How many Americans even know what Frank-Dodd is? [We could rest our case right here.] Congress passed a bill [under the guiding direction of Jamie Dimon of JPMorgan infamy], that is the equivalent of a banker’s “bail-in.” What does this new legislation do? It puts the U S taxpayer on the hook for the likely soon-to-fail $300+ trillion in toxic debt instruments.

Who passed the bill? Congress. Who demanded it? The elite’s bankers. Let us repeat what we said earlier:

The elites do not make the law, they are the law. All governments are their servants.

People do not matter, banks do. Ask the Greeks. Is the EU trying to do anything for the Greek people. No. Not a thing. What the EU is trying to do and demanding of Greece is to keep the [failed] banking system alive. That is another story, second verse.

How has all of the news events, specifically pertaining to gold and silver, impacted the price levels? How many more “stories” can one read, how many more charts/graphs can one view and expect gold and silver to rally as a result? Forget the news. It is not having any impact as one might be [mis]led to believe.

If you want some “news” that may impact the market, take another look at the graph we showed last week. The largest traders, [banks], are short over 300 million oz of silver. This raises two questions: 1. Why? and 2. For how much expectation for gain? [See Probability For Lower Low Has Increased, first few paragraphs]

1. Why? Shorts only get short for one reason: expectation of lower prices. 2. How great an expectation? Most likely not a move from $17 down to $16 or $15. These guys are out for blood.

The major players may be setting up one more trap to take the price of silver down to levels most do not expect. How many expected crude oil to go from $105 to $45? Those in control do not play for petty cash, obviously. Can they take silver down to $8 or $10? Whatever level is in the cards being dealt by them, the purpose is to get as many people as possible discouraged and out of the market.

It may serve well to take a personal inventory of the reasons for buying silver in the first place. None of those reasons has changed, and in fact, the reality of the fundamental news continues to be compelling, just not controlling while the control rests in the hands of the elite banking cabal.

The silver metal may be testing your own mettle for having bought it. Will there be one more “smashing of all support levels?” In a world where “Anything Can Happen,” and one not controlled by conventional supply/demand factors, one can always hope for the best, but be aware of and prepare for the worst.

We are just being the messenger here. Look at the news, then look at the prices where gold and silver are. There is a disconnect between what one believes about the news and how price does not reflect the overwhelmingly bullish factors. That in itself says a lot. You may not like what you see, but unless and until you see a change for the better, you are going to have to trust in what is.

This is not a clarion call for doom and gloom in silver, just for an awareness of the possibility which has an increased probability based on the COT chart.

Silver Shorts

The trend is down irrespective of all the positive news, charts, graphs, and other news writers specializing PMs, especially those so quick to jump the gun and declare a new bull move is underway. The dark horizontal line used to be support but is now resistance. At best, silver is in a bottoming process, and it is yet to be determined if the low has been established for one certainly has not been confirmed.

The current bottoming process is not developing in a very strong manner. It is flatter as compared to gold. The band of support has the look that it may hold, at least on the first retest. All one can do right now is be patient and observe how the character of the market unfolds.

Price stopped in the middle of the TR 3 weeks ago and formed another lower swing high. The inability for gold to rally away from obvious support means more retesting is likely, and the more retesting that occurs the more the probability increases for a downside break. That is looking ahead. For now, price could rally higher next week. This is a time for watching and exercising patience.

Volume clearly increased on Friday as price declined into the beginning of a support area. Sometimes, higher volume at a new recent low can be a small washout prior to a recovery. It would not be surprising to see a rally, next week. For now, the near term trend is down.

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.

© 2015 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