Best of the Week
Most Popular
1.Are UK Savings Interest Rates Finally Starting to Rise? Best Cash ISA 2017 - Nadeem_Walayat
2.Inflation Tsunami - Supermarkets, Retail Sector Crisis 2017, EU Suicide and Burning Stocks - Nadeem_Walayat
3.Big Moves in the World Stock Markets - Big Bases - Rambus_Chartology
4.The Next Financial Implosion Is Not Going To Be About The Banks! - Gordon_T_Long
5.Why EU BrExit Single Market Access Hard line is European Union Committing Suicide - Nadeem_Walayat
6.Trump Ramps Up US Military Debt Spending In Preparations for China War - Nadeem_Walayat
7.Watch What Happens When Silver Price Hits $26...  - MoneyMetals
8.Stock Market Fake Risk, Fake Return? Market Crash? - 2nd Mar 17 - Axel_Merk
9.Global Inflation Surges, Central Banks Losing Control and Triggered the Wage Price Spiral? - Nadeem_Walayat
10.Why Gold Will Boom In 2017 - James Burgess
Last 7 days
Bitcoin Price Rises Higher Than Gold… But Its Value Is a Different Story - 30th Mar 17
Critical Fibonacci Extensions May Mark End Of Trump Stock Market Rally - 29th Mar 17
Ending Syria’s Nightmare will Take Pressure From Below - 29th Mar 17
Charts That Reveal US Real Employment Status and It’s Not Good - 29th Mar 17
SNP Controlled Scottish Parliament Demands Right for Scotland to Commit Suicide - Indyref2 - 29th Mar 17
USD Gold Myriad of Signs - 28th Mar 17
Ominous Social Trends That Will Shape Our Future - 28th Mar 17
Foundation And Empire: Is Donald Trump The Mule? - 28th Mar 17
Top Ten US Dollar Risks - 27th Mar 17
The Popularity of Gambling and Investing Amongst Students - 27th Mar 17
Is Political Betting on the Rise? - 27th Mar 17
US Stock Market Consolidation Time - 27th Mar 17
Russia Crisis - Maps That Signal Growing Instability and Unrest - 27th Mar 17
Goldman Sachs Backing A Copper Boom In 2017 - 27th Mar 17
Foundation – Fall Of The American Galactic Empire - 27th Mar 17
Stock Market More Correction Ahead - 27th Mar 17
US Dollar Inflection Point - 27th Mar 17
Political Week Presurres US Stock Market - 25th Mar 17
London Terror Attack Red Herring, Real Issue is Age of Reason vs Religion - 25th Mar 17
Will Washington Risk WW3 to Block an Emerging EU-Russia Superstate - 25th Mar 17
Unaccountable Military Industrial Complex Is Destroying America and the Rest Of The World Too - 25th Mar 17
Silver Mining Stock Fundamentals - 24th Mar 17
A Walk Down the Dark Road of Bad Government - 24th Mar 17
Is Stock Market Flash Crash Postponed Until Monday? - 24th Mar 17
Stock Market Bubble and Gold - 24th Mar 17
Maps Of Past Empires That Can Tell Us About The Future - 24th Mar 17
SNP Independent Scotland's Destiny With Economic Catastrophe, the English Subsidy - IndyRef2 - 24th Mar 17
Stock Market VIX Cycles Set To Explode March/April 2017 – Part II - 23rd Mar 17
Is Now a Good Time to Invest in the US Housing Market? - 23rd Mar 17
The Stock Market Is a Present-Day Version of Pavlov’s Dog - 23rd Mar 17
US Budget - There’s Almost Nothing Left To Cut - 23rd Mar 17
Stock Market Upward Reversal Or Just Quick Rebound Before Another Leg Down? - 23rd Mar 17
Trends to Look Out For as a Modern-day Landlord - 23rd Mar 17
Here’s Why Interstate Health Insurance Won’t Fix Obamacare / Trumpcare - 23rd Mar 17
China’s Biggest Limitations Determine the Future of East Asia - 23rd Mar 17
This is About So Much More Than Trump and Brexit - 23rd Mar 17
Trump Stock Market Rally Over? 20% Bear Drop By Mid Summer? - 22nd Mar 17
Trump Added $3 Trillion in Wealth to Stock Market Participants - 22nd Mar 17
What's Next for the US Dollar, Gold and Stocks? - 22nd Mar 17
MSM Bond Market Full Nonsense Mode as ‘Trump Trades’ Unwind on Schedule - 22nd Mar 17
Peak Gold – Biggest Gold Story Not Being Reported - 22nd Mar 17
Return of Sovereign France, Europe’s Changing Landscape - 22nd Mar 17
Trump Stocks Bull Market Rolling Over? You Were Warned! - 22nd Mar 17
Stock Market Charts That Scream “This Is It” - Here’s What to Do - 22nd Mar 17
Raising the Minimum Wage Is a Jobs Killing Move - 22nd Mar 17
Potential Bottoming Patterns in Gold and Silver Precious Metals Stocks Complex... - 22nd Mar 17
UK Stagflation, Soaring Inflation CPI 2.3%, RPI 3.2%, Real 4.4% - 21st Mar 17
The Demise of the Gold and Silver Bull Run is Greatly Exaggerated - 21st Mar 17
USD Decline Continues, Pull SPX Down as well? - 21st Mar 17
Trump Watershed Budget - 21st Mar 17
How do Client Acquisition Offers Affect Businesses? - 21st Mar 17

Market Oracle FREE Newsletter

Elliott Wave Trading

Insanity Still Rules: Bullish For Gold And Silver

Commodities / Gold and Silver 2017 Mar 12, 2017 - 08:45 AM GMT

By: Michael_Noonan

Commodities

The emergence of an unexpected BREXIT victory, followed by an even more unlikely event, a Trump presidential victory are the outgrowth of the global elites having far exceeded their [almost] unspoken, unchallenged rule of the world, accomplished mostly by controlling the world’s money.

Money.  One of the most common words in every language, yet the least understood, and by preference and design re the moneychangers.  We will address “money” solely from a US perspective, not out of arrogance, but because money has a lawful definition that has been turned upside down by the likes of Rothschilds and other banking elites.


We have been down this road before, but people either do not get it, do not care, or are so woefully ignorant beyond salvation.  There is only one form of money [also true throughout much of the world but lost in globalization over so many decades], and that form is in gold and silver.  The Coinage Act of 1792 established silver as the monetary money of account in the United States, and while the government and federal courts still refuse to acknowledge it, that law has never been overturned and still applies, [at least it is supposed to apply.]

A U S dollar is not a piece of paper, such as what circulates today as fiat Federal Reserve Notes.  They are not Federal; there are no reserves; and they do not even meet the definition of what a Note is.  Yet, [almost] everyone around the world accepts the worthless fiat, spending their lives working for it, willing to steal, go to jail, even die for the fiat, all without the slightest idea of the difference between a lawful dollar of silver and a “dollar” issued by the foreign banking cartel, the Federal Reserve.

A U S dollar is the standard for all silvercoins and shall consist of 371 grains and 4/16ths part of a grain of pure silver, or 416 grams of standard silver.

A Federal Reserve Note, issued by the gangster cartel of foreign bankers, is a debt instrument.  All so-called legal tender in this country is debt.  Debt is the opposite of money.  You can thank the foreign cartel for having passed the Federal Reserve Act in December of 1913, in which the bankers finally took control of the money supply of the US, and turned the definition of money upside down to the extent few in this country, indeed the world, have a clue what lawful money is.

The greatest growth and prosperity in the US occurred in the 1800’s when gold and silver were the only form of money.  The biggest change began starting in December 1913, and just over a century later, the entire world is awash in debt-considered-to be-money-but-is- not!  For anyone to say there is not enough gold and silver in the world today to support a specie-backed currency is merely espousing banker gibberish.  It all all a matter of price.  Plus, by using gold and silver backing, the money changers and the governments they control would be too constrained in the fiat paper money they issue without any backing whatsoever.

Even with this brief, but totally accurate depiction of what money is, people prefer to believe in the lie, that lie being the biggest Ponzi scheme ever, Federal Reserve Notes, debt instruments accepted as real money.  Fiction takes precedence over reality.  It is no different for the EuroZone, another forced-upon-the-people fictional Ponzi scheme where unelected bureaucrats from Brussels dictate European lives, to their detriment.

The chart below is a more current depiction of the value of gold and silver as true money over anything else.  Note the price stability between the arrows at the bottom of the chart, between 1865 and 1973, with the question, “WHY?”  The answer is deceptively simple: during that period of time, oil was priced in gold!  In 1973, the banking cartel, through yet another puppet-president, Nixon, closed the gold window.  The financial world has never been the same since.

That period of time also marked the establishment of the petrodollar as the world’s reserve currency wherein all business transactions had to be settled in fiat Federal Reserve Notes, more widely known and accepted as the “dollar,” to this day.  Foreign countries now had to buy Treasury bills/bonds as their foreign reserves.  Look at how the [unsustainable] growth has risen.

Both charts from an excellent article by Grant Williams, The Death Of The Petrodollar.

The global banking cartel has been so cunningly deceptive and so well-organized to pull off this incredible scam on the world to the extent that most remain in the dark about their being financially stripped by the moneychangers, all in exchange for worthless paper.

Europe has not done any better.  According to Eurostat data, €213 billion of taxpayers’ money – equivalent to the GDP of Finland and Luxembourg or more than 3 years of all military expenditures of the Russian Federation – has been permanently lost as a result of the various bailout packages in the EU. Statistics from the EC Directorate General for Competition indicate that more than €1.5 trillion was used in different forms of rescue packages between 2008-2014.  In other words, bail out the bankers at the expense of people.

Source: The Bailout Business In the EU

Europeans can point fingers at and criticize President Trump all they want.  Every time anyone points finger at someone, there are still three more point back at them.  What made BREXIT and Trump possible is the insanity of the world in which we live.  The US has Trump.  Europe has Merkel and Brussels.

We would like to say that Trump is at war with the Deep [Political] State in the US, but in truth, it is the Deep State fighting for their non-Hillary existence in keeping their losing grip over this country, and by extension, Europe, our 51st State [of chaos].

When elite-puppet extreme, Barack Obama, passed the massively expensive and equally massively failed Obamacare, he falsely stated to the people of the US, “If you want your present healthcare, you keep your healthcare.”  What a disaster.  With that explanation, perhaps our European readers can appreciate a similar disaster confronting them: “If you want your refugees, you can keep your refugees!”  How has that been working out for Germany and Sweden, amongst a host of other countries losing their national identity and unable to point the finger at the perpetrators, Islamic terrorists.  Shame on Europe, and now shame on Canada for trying to get Islamicphobic laws passed to prevent exposing the Islamic terrorists for the rape, riots, and deaths they are creating.

Keep your Merkels and Brussels non-leaders.  What most Europeans fail to realize is that as goofy as Trump may seem to them, he is a breath of fresh air in fighting the fascist state- controlled federal government.  All of Europe have their collectives heads up their ass by allowing the destruction of their own nationality.

Whistleblowers, like Snowden and Assange have done more to expose the criminal spying by all governments, yet they are treated as criminals for their brave acts, while the CIA and the British government-run-amok trumpet their criminal spying activities and their theft of national identity and freedom of their citizens with impunity and no fear of government reprisal.

It is this never-ending kaleidoscope of insanity by world leaders, [Trump, May, and Putin get a pass, for now] that those who have been buying and holding gold and silver continue to question when will sanity return[?], for when it does, both gold and silver will likely reach price levels never seen before.

Who knew the corrupt bankers could keep their Ponzi schemes alive and functioning for so long, way past the expiration dates of sanity and reason.  We stopped trying to guess when reason would prevail back in 2014, but we have never wavered in our conviction that one day, the ownership of physical gold and silver will be a God-send to individual holders.

Speaking of criminal activity, where the “war on drugs” did nothing more than criminalize large numbers of Blacks and Latinos in this country, [yes, Whites, too, but to a far lesser degree], it has been a massive failure.  Now, we are about to engage in the “war on cash,” where the further criminalization of financial transactions outside of banking cartel- controlled system, as well as the criminalization of financial independence will all become yet another failed “war” against the people by the governments that supposedly serve them, but not before untold damage is wreaked upon the populations.

There is no clear answer as to how the “war on gold and silver,” will work?  It will create some havoc, to be sure, but no government “war on ____” has yet to work as intended.
All we can say is to remain steady in resolve and keep your physical PMs close and, as importantly, private as you can.  Those without will be more than ready to “turn in” those with, and probably for some kind of traitorous reward, so be careful.

The charts, for us, are the best framework for depicting where price is headed, or not headed, as is currently the ongoing situation for PMs.  If you look at the weekly chart, it inescapably says price remains locked in a sideways move.  One day, there will be a breakout, but no time soon, as these charts suggest.

It appeared that gold was trying to make a statement for the upside, but the manner in which the market was developing was not that of an upward trending market, which gold is not.

What was said for gold holds true for silver.  The rally from the December 2016 lows was of small range bars with little to no dynamic rallies to the upside.  The largest bars are still those that are to the downside, and it is large range bars that show Ease Of Movement.

Silver made greater headway into the November “Trump” decline, not blaming him for it, but the development of silver has been slightly flatter relative to gold, and the Gold:Silver ratio is staying within a range, 71:1 – 68:1.  Nothing new to see here.

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.

© 2017 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

© 2005-2016 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

Catching a Falling Financial Knife