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
United States Facing Climate Change Severe Water Stress - 10th Dec 18
Waiting for Gold Price to Erupt - 10th Dec 18
Stock Market Key Support Being Re-Tested - 10th Dec 18
May BrExit Deal Tory MP Votes Forecast, Betting Market Analysis - 10th Dec 18
Listen to What Gold is Telling You - 10th Dec 18
The Stock Market’s Long Term Outlook is Changing - 10th Dec 18
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 – 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

© 2005-2018 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