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

What You Know for Certain - Huge Demand for Gold And Silver

Commodities / Gold and Silver 2015 May 23, 2015 - 05:41 PM GMT

By: Michael_Noonan

Commodities

If there is any certainty in the world, [and there is very little], it is that the demand for gold and silver is at its highest and has been running at a fevered pitch for several years. From John Keats "Ode On A Grecian Urn," "...that is all ye know on earth, and all ye need to know." Anything else stems from subjective conclusions drawn from lying politicians, no matter the source or government. They all lie under the aegis of political diplomacy. For Obama and his entire administration there is very little diplomacy, so mostly just lies.


If the leading economic powerhouses, China and Russia, have been accumulating as much gold and silver as is available, and keeping every ounce each of those nations produce, with nothing being exported, cut through all of the rhetoric and do as they do, and do not listen to any Western country/central bank/bought-and-paid-for-media that says gold has no value. Buy each or either metal [the gold/silver ratio favors accumulating silver more so than gold, but that is an opinion], and obtain physical possession yourself.

There is ample record evidence that banks are totally unreliable if it is known that any gold or silver is being held, either by consent for a fee or in a safe deposit box. If you have any PMs in a bank, guess who really owns it? Word is that even allocated gold owned by wealthy clients, in the hundreds of millions of dollars, is missing. Who cares? That is their problem, not yours. The point to be made is we all live in a world where it is a matter of self-survival.

Everything, at least in the Western world, is breaking down: society, laws, governments, all are being ignored by the upper echelons. There is no punishment for bankers, none for lying politicians/bureaucrats. All politicians are unresponsive to those they purport to represent. Laws only apply to the working masses. In the United States, local police forces have increasingly become militarized, more heavily armed than actual soldiers engaged in war, as the corporate federal government prepares the population for martial law. Operation Jade Helm 15 is no simple military exercise to acclimate soldiers to war-like conditions. No country is more engaged in war around the world than the United States where soldiers get on-hands experience. Jade Helm is just another ruse.

It is always the same or a variation of the same ruse: problem-reaction-solution, [See Elite's Game Of Jenga In Place, Your Move, 8th paragraph]. In the US, it is the constant threat of "terrorism" as a "problem," even though none exists. It is designed to elicit a fear "reaction" in order for the government to offer a "solution" of safety but at the expense of further loss of rights, the sole purpose of the government forces. Governments are the original arsonists that pose as ultimate firefighters to the rescue. This has all been carefully orchestrated by the elites over the last century, in this country.

All we can do is maintain a focus when it comes to buying and owning physical silver and gold. Forget about price. It is purposefully being manipulated by Western elite's central bankers, complicit with China as it acquires as much as possible at these suppressed levels. China has the US under a financial gun, and the US is compliant, quietly selling off assets to the Chinese to assuage them for all of the dirty deals the corporate federal government pulled over the past few decades. Payback is a *****, and for the US, tres expensive.

Nothing can be done about the low prices until all of this underhanded, behind the scenes payback is fulfilled. The scarier aspect of all this has less to do with price manipulation as the US has become more and more cornered and has been fighting its ultimate fate of elite imposed destruction of the entire country. To stave off the demise of its fiat "dollar," the US is doing what it can to start a war to provide cover and an excuse to blame its failure anywhere else other than where it belongs.

The primary farce known as the European Union, and its degenerate debt-laden offspring, Greece being the current example: Exit? Not exit. Pay back debts? Default? The elites will not allow Greece to fail. If Greece sets an example, Spain, Italy, France, and a host of other domino-effect countries are waiting in the deficit wings to follow suit. The self- implosion of the EU gets postponed, simply to die at a later date. All that is going on is nothing more than illusions being passed off as reality. Sadly, too many of the masses are compliant, ignorant, or simply too concerned about when the next government doled-out benefit [always at a bare-subsistence level] will arrive.

Nobody got it right in 2013, maybe a few were closer to recognizing nothing would happen in 2014, and so far, there is little to expect some kind of upside breakout to occur in 2015. We are not saying no breakout can or will occur, for we are of the mind that anything can happen. As we look at the charts, there is no indication whatsoever that the current trends are about to change. The imaginary worth of the US dollar, when compared to the imaginary worth of the other fiats, is still holding. There appeared to be buyers entering at the low-end of the most recent decline, as was noted the prior week, and last week that observation was confirmed.

In every market, one move is validated by a subsequent confirming price change, and until there is confirmation, what is being observed remains as potential. While the increased volume and small range at the sell-off low gave the appearance of buying activity, it still needed to be confirmed. The confirmation came during last week's rally.

If the high of the fiat "dollar" is the March 101 area, this current rally will show signs of weakening by decreasing volume, smaller ranges on rally bars, and poor close locations. If the opposite occurs, price can make new recent highs or move sideways to marginally higher, as the S&P has been doing.

For as long as the fiat "dollar" can maintain itself, the price of silver and gold are unlikely to stage any kind of meaningful rally.

US Dollar Daily Chart

When looking at the weekly chart, from left to right, the trend is obviously down, and any expectations for a sustained rally to the upside is an unreasonable one. The destructive ways of the United States-dominated [but fast becoming unraveled] Western world has not yet been exhausted, however much the people are.

There can be a few signs that are positive for buyers, of late, but it would be more like having a few warm days in Chicago at the beginning of March. Everyone knows there are many more cold days and snow, yet to come, before Spring finally arrives, meteorological March 21st, but realistically not felt until into April.

The weekly chart has not signaled the end of the down cycle.

Silver Weekly Chart

The daily is showing the potential for a small trend to develop on the upside, but it is in the context of a down market environment, and as price has been developing, the move has not been strong. There was a small upside breakout on the D/S [Demand over Supply] bar noted when resistance was broken, and that broken resistance may now become support, if it holds.

We keep saying it is important to watch how price reacts at obvious support or resistance, and resistance was briefly breached to the upside, last week. Price came back under the 17.45 area resistance [darker horizontal line], but did not extend the decline after sellers had an apparent strong down day, last Tuesday, 4th bar from end.

We see the how of the failure to continue lower and move sideways, instead, as a message that buyers are making their presence known. Still, the effort is small relative to the larger picture, as seen on the weekly chart.

Silver Daily Chart

Similar to silver, gold remains at the lower reaches of a protracted decline from the 2011 highs, and it is currently trading in the middle of a TR [Trading Range], where the level of knowledge is least reliable.

Gold Weekly Chart

The spike in volume for the D/S rally bar gave the gold rally a small burst just over the 1200+ level of resistance, but the overarching down trend kept it short-lived as price returned under defined resistance. If the D/S bar can hold the current reaction lower, gold stands a chance to rally above the 1230 area. As we keep saying, there needs to be signs of confirmation all along the way.

Gold 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.

© 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