Best of the Week
Most Popular
1.UK General Election BBC Exit Polls Forecast Accuracy - Nadeem_Walayat
2.UK General Election 2017 Seats Final Forecast, Labour, Conservative Lib-Dem, SNP - Nadeem_Walayat
3.UK General Election 2017 Forecast: Conservative 358, Labour 212 Seats - Nadeem_Walayat
4.Theresa May to Resign, Fatal Error Was to Believe Worthless Opinion Polls! - Nadeem_Walayat
5.UK House Prices Forecast General Election 2017 Conservative Seats Result - Nadeem_Walayat
6.The Stock Market Crash of 2017 That Never Was But Could it Still Come to Pass? - Sol_Palha
7.[TRADE ALERT] Write This Gold Stock Ticker Down Now - WallStreetNation
8.UK General Election Results Map 2017 vs 2015 vs Opinion Polls - Nadeem_Walayat
9.Orphaned Poisoned Waters,Severe Chronic Water Shortage Imminent - Richard_Mills
10.How The Smart Money Is Playing The Lithium Boom - OilPrice_Com
Last 7 days
Sheffield Great Flood of 2007, 10 Years On - Unique Timeline of What Happened - 24th Jun 17
US Stock Market Correction Could be Underway - 24th Jun 17
Proof That This Economic Recovery Narrative is False - 24th Jun 17
Best Cash ISA for Soaring Inflation, Kent Reliance Illustrates the Great ISA Rip Off - 24th Jun 17
Gold Summer Doldrums - 23rd Jun 17
Hedgers Net Short the Euro, US Market Rotates; 2 Horsemen Set to Ride? - 23rd Jun 17
Nether Edge By Election Result: Labour Win Sheffield City Council Seat by 132 Votes - 23rd Jun 17
Grenfell Fire: 600 of 4000 Tower Blocks Ticking Time Bomb Death Traps! - 22nd Jun 17
Car Sales About To Go Over The Cliff - 22nd Jun 17
LOG 0.786 support in CRUDE OIL and COCOA - 22nd Jun 17
More Stock Market Fluctuations Along New Record Highs - 22nd Jun 17
Understanding true money, Pound Sterling must make another historic low, Euro and Gold outlook! - 22nd Jun 17
Green Party Could Control Sheffield City Council Balance of Power Local Election 2018 - 22nd Jun 17
Ratio Combo Charts : Hidden Clues to the Gold Market Puzzle - 22nd Jun 17
Steem Hard Forks & Now People Are Making Even More Money On Blockchain Steemit - 22nd Jun 17
4 Steps for Comparing Binary Options Providers - 22nd Jun 17
Nether Edge & Sharrow By-Election, Will Labour Lose Safe Council Seat, Sheffield? - 21st Jun 17
Stock Market SPX Making New Lows - 21st Jun 17
Your Future Wealth Depends on what You Decide to Keep and Invest in Now - 21st Jun 17
Either Bitcoin Will Fail OR Bitcoin Is A Government Invention Meant To Enslave... - 21st Jun 17
Strength in Gold and Silver Mining Stocks and Its Implications - 21st Jun 17
Inflation is No Longer in Stealth Mode - 21st Jun 17
CRUDE OIL UPDATE- “0.30 risk is cheap for changing implication!” - 20th Jun 17
Crude Oil Verifies Price Breakdown – Or Is It Something More? - 20th Jun 17
Trump Backs ISIS As He Pushes US Onto Brink of World War III With Russia - 20th Jun 17
Most Popular Auto Trading Tools for trading with Stock Markets - 20th Jun 17
GDXJ Gold Stocks Massacre: The Aftermath - 20th Jun 17
Why Walkers Crisps Pay Packet Promotion is RUBBISH! - 20th Jun 17
7 Signs You Should Add Gold To Your Portfolio Now - 19th Jun 17
US Bonds and Related Market Indicators - 19th Jun 17
Wireless Wars: The Billion Dollar Tech Boom No One Is Talking About - 19th Jun 17
Amey Playing Cat and Mouse Game with Sheffield Residents and Tree Campaigners - 19th Jun 17
Positive Stock Market Expectations, But Will Uptrend Continue? - 19th Jun 17
Gold Proprietary Cycle Indicator Remains Down - 19th Jun 17
Stock Market Higher Highs Still Likely - 18th Jun 17
The US Government Clamps Down on Ability of Americans To Purchase Bitcoin - 18th Jun 17
NDX/NAZ Continue downward pressure on the US Stock Market - 18th Jun 17
Return of the Gold Bear? - 18th Jun 17
Are Sheffield's High Rise Tower Blocks Safe? Grenfell Cladding Fire Disaster! - 18th Jun 17
Globalist Takeover Of The Internet Moves Into Overdrive - 17th Jun 17
Crazy Charging Stocks Bull Market Random Thoughts - 17th Jun 17
Reflation, Deflation and Gold - 17th Jun 17
Here’s The Case For An Upside Risk In The Global Economy - 17th Jun 17
Gold Bullish on Fed Interest Rate Hike - 16th Jun 17
Drones Upending Business Models and Reshaping Industry Landscapes - 16th Jun 17
Grenfell Tower Cladding Fire Disaster, 4,000 Ticking Time Bombs, Sheffield Council Flats Panic! - 16th Jun 17
Heating Oil Bottom Is In.(probably) - 16th Jun 17
Here’s the Investing Reason Active Funds Can’t Beat Passive Funds—and It Worries Me a Lot - 16th Jun 17
Is There Gold “Hype” and is Gold an Emotional Trade? - 16th Jun 17

Market Oracle FREE Newsletter

The MRI 3D Report

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

© 2005-2017 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