Best of the Week
Most Popular
1. Stock Markets and the History Chart of the End of the World (With Presidential Cycles) - 28th Aug 20
2.Google, Apple, Amazon, Facebook... AI Tech Stocks Buying Levels and Valuations Q3 2020 - 31st Aug 20
3.The Inflation Mega-trend is Going Hyper! - 11th Sep 20
4.Is this the End of Capitalism? - 13th Sep 20
5.What's Driving Gold, Silver and What's Next? - 3rd Sep 20
6.QE4EVER! - 9th Sep 20
7.Gold Price Trend Forecast Analysis - Part1 - 7th Sep 20
8.The Fed May “Cause” The Next Stock Market Crash - 3rd Sep 20
9.Bitcoin Price Crash - You Will be Suprised What Happens Next - 7th Sep 20
10.NVIDIA Stock Price Soars on RTX 3000 Cornering the GPU Market for next 2 years! - 3rd Sep 20
Last 7 days
Further Clues Reveal Gold’s Weakness - 26th Nov 20
Fun Things to Do this Christmas - 26th Nov 20
Industries that Require Secure Messaging Apps - 26th Nov 20
Dow Stock Market Trend Analysis - 25th Nov 20
Amazon Black Friday Dell 32 Inch S3220DGF VA Curved Screen Gaming Monitor Bargain Deal! - 25th Nov 20
Biden the Silver Bull - 25th Nov 20
Inflation Warning to the Fed: Be Careful What You Wish For - 25th Nov 20
Financial Stocks Sector ETF Shows Unique Island Setup – What Next? - 25th Nov 20
Herd Immunity or Herd Insolvency: Which Will Affect Gold More? - 25th Nov 20
Stock Market SEASONAL TREND and ELECTION CYCLE - 24th Nov 20
Amazon Black Friday - Karcher K7 FC Pressure Washer Assembly and 1st Use - Is it Any Good? - 24th Nov 20
I Dislike Shallow People And Shallow Market Pullbacks - 24th Nov 20
Small Traders vs. Large Traders vs. Commercials: Who Is Right Most Often? - 24th Nov 20
10 Reasons You Should Trade With a Regulated Broker In UK - 24th Nov 20
Stock Market Elliott Wave Analysis - 23rd Nov 20
Evolution of the Fed - 23rd Nov 20
Gold and Silver Now and Then - A Comparison - 23rd Nov 20
Nasdaq NQ Has Stalled Above a 1.382 Fibonacci Expansion Range Three Times - 23rd Nov 20
Learn How To Trade Forex Successfully - 23rd Nov 20
Market 2020 vs 2016 and 2012 - 22nd Nov 20
Gold & Silver - Adapting Dynamic Learning Shows Possible Upside Price Rally - 22nd Nov 20
Stock Market Short-term Correction - 22nd Nov 20
Stock Market SPY/SPX Island Setups Warn Of A Potential Reversal In This Uptrend - 21st Nov 20
Why Budgies Make Great Pets for Kids - 21st Nov 20
How To Find The Best Dry Dog Food For Your Furry Best Friend?  - 21st Nov 20
The Key to a Successful LGBT Relationship is Matching by Preferences - 21st Nov 20
Stock Market Dow Long-term Trend Analysis - 20th Nov 20
Margin: How Stock Market Investors Are "Reaching for the Stars" - 20th Nov 20
World’s Largest Free-Trade Pact Inspiration for Global Economic Recovery - 20th Nov 20
Dating Sites Break all the Stereotypes About Distance - 20th Nov 20
THE STOCK MARKET BIG PICTURE - Video - 19th Nov 20
Reasons why Bitcoin is Treading at it's Highest Level Since 2017 and a Warning - 19th Nov 20
Media Celebrates after Trump’s Pro-Gold Fed Nominee Gets Blocked - 19th Nov 20
DJIA Short-term Stock Market Technical Trend Analysis - 19th Nov 20
Demoncracy Ushers in the Flu World Order How to Survive and Profit From What Is Coming - 19th Nov 20
US Bond Market: "When Investors Should Worry" - 18th Nov 20
Gold Remains the Best Pandemic Insurance - 18th Nov 20
GPU Fan Not Spinning FIX - How to Easily Extend the Life of Your Gaming PC System - 18th Nov 20
Dow Jones E-Mini Futures Tag 30k Twice – Setting Up Stock Market Double Top - 18th Nov 20
Edge Computing Is Leading the Next Great Tech Revolution - 18th Nov 20
This Chart Signals When Gold Stocks Will Explode - 17th Nov 20
Gold Price Momentous ally From 2000 Compared To SPY Stock Market and Nasdaq - 17th Nov 20
Creating Marketing Campaigns Using the Freedom of Information Act - 17th Nov 20
ILLEGITIMATE PRESIDENT - 17th Nov 20
Stock Market Uptrend in Process - 17th Nov 20
How My Friend Made $128,000 Investing in Stocks Without Knowing It - 16th Nov 20
Free-spending Biden and/or continued Fed stimulus will hike Gold prices - 16th Nov 20
Top Cheap Budgie Toys - Every Budgie Owner Should Have These Safe Bird Toys! - 16th Nov 20
Line Up For Your Jab to get your Covaids Freedom Pass and a 5% Work From Home Tax - 16th Nov 20
You May Have Overlooked These “Sleeper” Precious Metals - 16th Nov 20
Demystifying interesting facts about online Casinos - 16th Nov 20
What's Ahead for the Gold Market? - 15th Nov 20
Gold’s Momentous Rally From 2000 Compared To Stock Market SPY & QQQ - 15th Nov 20
Overclockers UK Quality of Custom Gaming System Build - OEM Windows Sticker? - 15th Nov 20
UK GCSE Exams 2021 CANCELLED! Grades Based on Mock Exams and Teacher Assessments - 15th Nov 20

Market Oracle FREE Newsletter

How to Get Rich Investing in Stocks by Riding the Electron Wave

Gold And Silver Stakes Just Got Higher

Commodities / Gold and Silver 2013 Mar 30, 2013 - 11:52 AM GMT

By: Michael_Noonan

Commodities

Cyprus is a trial balloon for the NWO, taking a small country that can more easily be controlled, putting the financial screws to bank depositors and then watching how it all unfolds, creating a playbook for future bank raids. How did the people react? Where will we need to deploy armed police or military? Did keeping the banks closed for a longer period of time force an adjustment of inevitability/acceptance? How much more can we get away with from this learning process?


If anyone thinks this were a one-time, knee-jerk response, the Bank of Cyprus is offering a free toaster for new deposits as a reminder that your money will be toast. Just two weeks prior to this new form of stealing, the Cyprus banks were given a total pass on stress tests from the same unelected banking officials who all of a sudden determined these banks were now unsound, and drastic measures were needed to save it from drowning in debt. Those drastic measures? Issuing even more debt, of course. Either accept our terms or we will bury you, say the ECB, EU, IMF, and a special shout-out from Germany.

In our last article, we used the term, "Bankers Gone Wild." It was a bit tongue-in-cheek, but nothing could be more apt. "Give me control of a nation's money, and I care not who makes its laws." It was over 200 years ago when Mayer Amschel Rothschild boldly made that statement, and the international banking cartel has been perfecting their financial controls ever since.

What this tells you is that your money is no longer safe in any financial institution, in any country. The banking cartel smells new blood, easy prey: direct confiscation of deposits. What everyone now knows, or should, is that all money deposited into a bank becomes an unsecured loan. This is the earliest warning you will ever receive. You no longer control or own your money, once you deposit it into the hands of financial hyenas.

We cannot repeat often enough to buy physical gold and silver, and more, you must hold it yourself. Why? Last week, we posted a short, but significant article about someone's safe deposit box raided by the CIA, and two dozen gold Krugerrands were confiscated. Which is more surprising, a confiscation of bank depositors funds, in a foreign country, or a raid of a safe deposit box, right here in this country? Think it cannot/will not happen here? [Short article, http://bit.ly/13EVbAQ]

The stakes just got higher, in more ways than most are aware, and they will continue to ratchet higher with each passing week. The time frames are shrinking. Do not allow yourself to get lulled into complacency. It is up to everyone to make their own choice[s], [choosing not to choose is a choice], and there is now concrete evidence of how choices will be made for those who make none to protect themselves.

IF YOU DO NOT HOLD, YOU DO NOT OWN IT! You can now remove the word "safe" from safe deposit box.

It no longer matters what price you pay to buy physical gold and silver, and current "gift" prices cannot last by virtue of Western bankers' destruction of all currencies under their control. The hidden price for not directly owning gold and silver just went up, and it will not stop, at least not in a non-painful way. Central bankers have their thieving backs to the wall, and they will stop at nothing, nothing to control everyone and everyone's money. Here is another article on clamping down in Viet Nam, where gold has been too popular. [Viet Nam, Gold, And Central Bankers, http://bit.ly/YlcjHC, just for background].

The best defense is a strong offense. All central bank financial institutions have been making a very clear statement through actions taken against depositors, of every kind. Once more, buy as much physical gold and silver as you can. Weigh that action against the inaction of leaving funds on deposit that are subject to bankers' whim, all in the service of saving the same financial system that brought on the coming financial collapse.

There are 1,001 opinions on what is going on in the gold/silver markets. The one that counts the most comes from the market itself.

Here is a look at what the charts say as to what is going on via public exchanges. The 1st Q just ended. We include this chart because the higher time frames are more controlling and indicative of price direction. The last two Qtrs have retraced almost all of the 3rd rally bar from the end. Take note and compare it when you get to the silver Qrtly chart.


Looking at this chart, in isolation, the small range for March just ended says it was a very weak rally effort on increased volume. When compared to the silver monthly chart, we see it differently.


Bars 6 and 7, from the end, are wider ranges compared to the last 5 bars, and attempts to rally higher have been more difficult. In a lengthy sideways trading range, [TR], a down channel within it, and price near the low of the range, the burden of proving an up market rests with the buyers, a burden they are not meeting.

One small ray of hope for buyers is that fact that in an oversold condition, [the arrow], price could not reach the lower level of the TR. Why not, in such a weakened condition? A small red flag against sellers' efforts.


There is no getting around the observable fact that price is in a down trend. The labored rally effort was stated, but also note that the last 13 trading days is on top of a prior trading range at the beginning of March. When one trading range is above a previous TR, it makes a bullish statement, or at least a small one, here.


Three bars ago was a strong rally in silver. The last two Quarterly bars did not fully retrace the rally bar, unlike the activity in gold, mentioned when viewing that chart. We have been maintaining that silver is relatively strong than gold, and here is an example of why, based on observable performance.

The low-end close on the bar says to expect at least a nominal lower low next Qtr.


The EUM, [Ease of Upward Movement], was greater in August/September 2012 than the decline of six overlapping bars to the downside, culminating in the smallest range in over three years. The small range tells us neither sellers nor buyers were able to take control at an area where sellers are, or have been, in control.

The inability of sellers to extend the range lower in March, and the fact that they have had a harder time pushing price lower, gives an edge to buyers who must now prove that they can take over, and this is why we saw the monthly gold chart as less negative than it would otherwise seem. Keep in mind there is still no evidence of a turnaround in either metal.


Just as we observed how there was one TR on top of another on the daily gold chart, we see a 6 week TR on top of one way back in July/August 2012. The clustering of closes tells us sellers have been unable to take advantage of what appears to be weak demand, and the cluster can act as a potential turnaround in price behavior. As with all potential, it needs to be proven, in this case by higher prices.


Chart comments summarize the daily. The dark horizontal line can be viewed as a pivot line, support on the left side and now resistance on the right. We can make a case for a rally from current levels, but it would have to demonstrate wider ranges up on increased volume and continued high-end closes. Even with that, there is still substantial overhead resistance that must be over come, and rest assured that central bankers will not give up their grip on these markets, unless forced to do so. We see nothing in that manner, yet.

We are now seeing events unfolding that scream, Buy Physical Gold And Silver, much more than the charts are currently indicating, and it is precisely these events that will eventually be reflected in substantially higher prices on the charts. Take heed.

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.

© 2013 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