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
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
The Euro Crashed Yesterday. Bearish for Euro and Bullish for USD - 15th Jun 18
Inflation Trade, in Progress Since Gold Kicked it Off - 15th Jun 18
Can Saudi Arabia Prevent The Next Oil Shock? - 15th Jun 18
The Biggest Online Gambling Companies - 15th Jun 18
Powell's Excess Reserve Change and Gold - 15th Jun 18
Is This a Big Sign of a Big Stock Market Turn? - 15th Jun 18
Will Italy Sink the EU and Boost Gold? - 15th Jun 18
Bumper Crash! Land Rover Discovery Sport vs Audi - 15th Jun 18
Stock Market Topping Pattern or Just Pause Before Going Higher? - 14th Jun 18
Is the ECB Ending QE a Good Thing? Markets Think So - 14th Jun 18
Yield Curve Continues to Flatten. A Bullish Sign for the Stock Market - 14th Jun 18
How Online Gambling has Impacted the Economy - 14th Jun 18
Crude Oil Price Targeting $58 ppb Before Finding Support - 14th Jun 18
Stock Market Near Another Top? - 14th Jun 18
Thorpe Park REAL Walking Dead Living Nightmare Zombie Car Park Ride Experience! - 14th Jun 18

Market Oracle FREE Newsletter

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

BrExit Gold And Silver – The Only Money That Matters

Commodities / Gold and Silver 2016 Jul 02, 2016 - 12:21 PM GMT

By: Michael_Noonan

Commodities

The focus this week will be on the charts as much of the Western world remains embroiled in events that become harder and harder to cover up explain.  The elites and their central banker’s curtain continues to be pulled back for all to see, yet the vast majority of the public fails to associate the world’s financial woes as having originated by pure elite greed for control over both money and people.

BREXIT has yet to be put into effect, and it remains to be seen if the globalists will ever allow it to happen.  They have more tricks up their sleeves than a street full of prostitutes.  At least with the latter, there is willing consent.


The only money that matters are gold and silver.  Everything else is a sham substitute.  The PMs did not put in a strong rally, although most seem to think that way.  Nope.  The fiats declined in their imaginary value.  An ounce of gold and an ounce of silver have not changed.  It just now takes a greater number of phony fiats to buy the PMs.  There will be corrections along the way, but the trend of having to use ever-increasing numbers of fiats to buy gold and silver will continue, even most likely irreversibly.

The trillions and trillions of newly created debt, for which there was never any relation to reality, and the astronomical hundreds of trillions upon hundreds of trillions of banker- hidden derivatives used to cover up their Ponzi scheme, have never been greater.  It is not even a function of hoping for the best, rather the only choice is to prepare for the worst, for the worst is coming like a tsunami that will crush the unsuspecting, the vastly unprepared.

The world is probably at the stage where the financial ocean tide is receding farther and farther away from shore.  The globalists may do their worst and endeavor to cover up their unbridled financial sins with WWIII to divert attention away from themselves.  There will be nothing that can do to stop the financial panic that is already in the process of unfolding.

Give a man a gun, and he will rob a bank.  Give a man a bank, and he will rob a nation.  This is exactly what the Rothschild-generated banking cartel has been doing for centuries.
As Rory Hall from The Daily Coin says, “If you’ve got gold, you’ve got money.  If you don’t have gold, you’ve got a problem.”  Throw silver into that equation, and it is a stronger truism.

The Quarterly chart has taken a turn for the better in a follow-up to the 1st Q 2016.  The clock of financial doom keeps inexorably ticking away, and anyone unprepared by not
having gold and silver, including those who have either, or both, but is still holding back on adding to their stash, is playing a fool’s game.

It appears gold and silver are in the still early stages of turning around and getting out from under the yoke of central banker manipulation to keep the price suppressed.  Since mid-February, gold evolved into a 5 month range of overlapping bars.  Regular readers know that overlapping bars represent a struggle for power between buyers and sellers while there appears to be a balance between the opposing forces.

The balance is only temporary, even illusory, for a winner always emerges.  When you look at volume, you see clues for a likely resolve.  Note the highest volume on the monthly chart was red, denoting a lower close when sellers ostensibly were in control.  Turns out, evidenced by the lack of downside follow-through in June, the exceptionally heavy selling effort by the sellers was fully unsuccessful as buyers overwhelmed selling efforts, took control and have since run up the price to current recent high levels.

The sharply increased volume scenario described above can be more readily seen and understood in the weekly activity as it unfolded.  The unabated rally from 1200 to 1360 took most by surprise.  Take it as a shot across the bow for the manipulators that are losing control.

1350+ could be minor resistance, based on the identified failed swing high from June of 2015.  No one knows how any market will unfold, hence the “?” in viewing that price level as possibly minor.

The gold and silver markets are sending a clear message, while the world gets bogged down in a financial quagmire, created solely by the globalists but to be suffered by the masses.  Those with gold and silver will fare best during the worst of what is to come.

The developing [chart] picture continues to improve.  Friday’s noted gap opening could be the start of another leg higher.  Maybe it will be filled next week?  It does not matter.  What does matter is how the price structure, supported by positive volume, points to the higher price levels most have been eagerly anticipating.

Silver, step-child to gold for so many and suffering a poorer chart structure, relative to that barbaric metal, has been making stealth progress and will likely continue to outperform gold.  The identified resistance around 22 – 23 is the same for both longer time frame charts, so one could expect temporary price hesitation, but that would be normal, even a healthy development, for continuation higher.

For a clear statement made by silver, it absolutely blew right through what appeared to be strong resistance at the 18.60+ level, and it flew right through the small bearish spacing that has weighed and kept a lid on this market.

Not any more.  That area will now become support on any retest[s].

For as fast as price has rallied in silver, a welcomed and pleasing surprise for those who own this shiny metal, the gold:silver ration has greatly improved favoring silver as we have been saying all year.  It was 84:1 several months ago.  We used our own exchange of some gold for silver a few weeks back when the ratio was 75:1.  As of Friday, it stood at just under 68:1.

We expect to see that ratio to favor silver in the years ahead, eventually reaching anywhere from 40:1 to its historic relationship of 15:1.  The market will make that final determination.

Last week was a good week.  We see it as a preview of many more to come.  Keep on buying physical gold and silver, and we continue to favor silver over gold for the ratio play.  We have been saying this for the past few years, and all purchases made this year are doing quite well.

As an aside, we recommended a long position in the paper market during last Thursday’s evening trading session.  Price was showing weak reactions lower — weak reactions almost always lead to higher prices– volume picked up with price Thursday evening, and that is what prompted jumping into the futures market from the long side.

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.

© 2016 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