Best of the Week
Most Popular
1. 2019 From A Fourth Turning Perspective - James_Quinn
2.Beware the Young Stocks Bear Market! - Zeal_LLC
3.Safe Havens are Surging. What this Means for Stocks 2019 - Troy_Bombardia
4.Most Popular Financial Markets Analysis of 2018 - Trump and BrExit Chaos Dominate - Nadeem_Walayat
5.January 2019 Financial Markets Analysis and Forecasts - Nadeem_Walayat
6.Silver Price Trend Analysis 2019 - Nadeem_Walayat
7.Why 90% of Traders Lose - Nadeem_Walayat
8.What to do With Your Money in a Stocks Bear Market - Stephen_McBride
9.Stock Market What to Expect in the First 3~5 Months of 2019 - Chris_Vermeulen
10.China, Global Economy has Tipped over: The Surging Dollar and the Rallying Yen - FXCOT
Last 7 days
UKIP No Longer About BrExit, Becomes BNP 2.0, Muslim Hate Party - 21st Mar 19
A Message to the Gold Bulls: Relying on the CoT Gives You A False Sense of Security - 20th Mar 19
The Secret to Funding a Green New Deal - 20th Mar 19
Vietnam, Part I: Colonialism and National Liberation - 20th Mar 19
Will the Fed Cut its Interest Rate Forecast, Pushing Gold Higher? - 20th Mar 19
Dow Jones Stock Market Topping Pattern - 20th Mar 19
Gold Stocks Outperform Gold but Not Stocks - 20th Mar 19
Here’s What You’re Not Hearing About the US - China Trade War - 20th Mar 19
US Overdosing on Debt - 19th Mar 19
Looking at the Economic Winter Season Ahead - 19th Mar 19
Will the Stock Market Crash Like 1937? - 19th Mar 19
Stock Market VIX Volaility Analysis - 19th Mar 19
FREE Access to Stock and Finanacial Markets Trading Analysis Worth $1229! - 19th Mar 19
US Stock Markets Price Anomaly Setup Continues - 19th Mar 19
Gold Price Confirmation of the Warning - 18th Mar 19
Split Stock Market Warning - 18th Mar 19
Stock Market Trend Analysis 2019 - Video - 18th Mar 19
Best Precious Metals Investment and Trades for 2019 - 18th Mar 19
Hurdles for Gold Stocks - 18th Mar 19
Pento: Coming QE & Low Rates Will Be ‘Rocket Fuel for Gold’ - 18th Mar 19
"This is for Tommy Robinson" Shouts Knife Wielding White Supremacist Terrorist in London - 18th Mar 19
This Is How You Create the Biggest Credit Bubble in History - 17th Mar 19
Crude Oil Bulls - For Whom the Bell Tolls - 17th Mar 19
Gold Mining Stocks Fundamentals - 17th Mar 19
Why Buy a Land Rover - Range Rover vs Huge Tree Branch Falling on its Roof - 17th Mar 19
UKIP Urged to Change Name to BNP 2.0 So BrExit Party Can Fight a 2nd EU Referendum - 17th Mar 19
Tommy Robinson Looks Set to Become New UKIP Leader - 16th Mar 19
Gold Final Warning: Here Are the Stunning Implications of Plunging Gold Price - 16th Mar 19
Towards the End of a Stocks Bull Market, Short term Timing Becomes Difficult - 16th Mar 19
UKIP Brexit Facebook Groups Reveling in the New Zealand Terror Attacks Blaming Muslim Victims - 16th Mar 19
Gold – US Dollar vs US Dollar Index - 16th Mar 19
Islamophobic Hate Preachers Tommy Robinson and Katie Hopkins have Killed UKIP and Brexit - 16th Mar 19
Countdown to The Precious Metals Gold and Silver Breakout Rally - 15th Mar 19
Shale Oil Splutters: Brent on Track for $70 Target $100 in 2020 - 15th Mar 19
Setting up a Business Just Got Easier - 15th Mar 19
Stock Market Elliott Wave Analysis Trend Forercast - Video - 15th Mar 19
Gold Warning - Here Are the Stunning Implications of Plunging Gold Price - Part 1 - 15th Mar 19
UK Weather SHOCK - Trees Dropping Branches onto Cars in Stormy Winds - Sheffield - 15th Mar 19
Best Time to Trade Forex - 15th Mar 19
Why the Green New Deal Will Send Uranium Price Through the Roof - 14th Mar 19
S&P 500's New Medium-Term High, but Will Stock Market Uptrend Continue? - 14th Mar 19
US Conservatism - 14th Mar 19
Gold in the Age of High-speed Electronic Trading - 14th Mar 19
Britain's Demographic Time Bomb Has Gone Off! - 14th Mar 19
Why Walmart Will Crush Amazon - 14th Mar 19
2019 Economic Predictions - 14th Mar 19
Tax Avoidance Bills Sent to Thousands of Workers - 14th Mar 19

Market Oracle FREE Newsletter

Stock Market Trend Forecast March to September 2019

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

© 2005-2019 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