Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
FREETRADE - Stock Investing Platform, the Good, Bad and Ugly Review, Free Shares, Cancelled Orders - 15th Jan 22
WD 14tb My Book External Drive Unboxing, Testing and Benchmark Performance Amazon Buy Review - 15th Jan 22
Toyland Ferris Wheel Birthday Fun at Gulliver's Rother Valley UK Theme Park 2022 - 15th Jan 22
What You Should Know About a TailoredPay High Risk Merchant Account - 15th Jan 22
Best Metaverse Tech Stocks Investing for 2022 and Beyond - 14th Jan 22
Gold Price Lagging Inflation - 14th Jan 22
Get Your Startup Idea Up And Running With These 7 Tips - 14th Jan 22
What Happens When Your Flight Gets Cancelled in the UK? - 14th Jan 22
How to Profit from 2022’s Biggest Trend Reversal - 11th Jan 22
Stock Market Sentiment Speaks: Are We Ready To Drop To 4400SPX? - 11th Jan 22
What's the Role of an Affiliate Marketer? - 11th Jan 22
Essential Things To Know Before You Set Up A Limited Liability Company - 11th Jan 22
NVIDIA THE KING OF THE METAVERSE! - 10th Jan 22
Fiscal and Monetary Cliffs Have Arrived - 10th Jan 22
The Meteoric Rise of Investing in Trading Cards - 10th Jan 22
IBM The REAL Quantum Metaverse STOCK! - 9th Jan 22
WARNING Failing NVME2 M2 SSD Drives Can Prevent Systems From Booting - Corsair MP600 - 9th Jan 22
The Fed’s inflated cake and a ‘quant’ of history - 9th Jan 22
NVME M2 SSD FAILURE WARNING Signs - Corsair MP600 1tb Drive - 9th Jan 22
Meadowhall Sheffield Christmas Lights 2021 Shopping - Before the Switch on - 9th Jan 22
How Does Insurance Work In Europe? Find Out Here - 9th Jan 22
MATTERPORT (MTTR) - DIGITIZING THE REAL WORLD - METAVERSE INVESTING 2022 - 7th Jan 22
Effect of Deflation On The Gold Price - 7th Jan 22
Stock Market 2022 Requires Different Strategies For Traders/Investors - 7th Jan 22
Old Man Winter Will Stimulate Natural Gas and Heating Oil Demand - 7th Jan 22
Is The Lazy Stock Market Bull Strategy Worth Considering? - 7th Jan 22
METAVERSE - NEW LIFE FOR SONY AGEING GAMING GIANT? - 6th Jan 2022
What Elliott Waves Show for Asia Pacific Stock and Financial Markets 2022 - 6th Jan 2022
Why You Should Register Your Company - 6th Jan 2022
4 Ways to Invest in Silver for 2022 - 6th Jan 2022
UNITY (U) - Metaverse Stock Analysis Investing for 2022 and Beyond - 5th Jan 2022
Stock Market Staving Off Risk-Off - 5th Jan 2022
Gold and Silver Still Hungover After New Year’s Eve - 5th Jan 2022
S&P 500 In an Uncharted Territory, But Is Sky the Limit? - 5th Jan 2022
Quantum AI Tech Stocks Portfolio Current State - 4th Jan 2022
The Alibaba Stock Market - 4th Jan 2022
Will Gold & Silver Be Investment Outcasts in 2022 Again? - 4th Jan 2022
Stock Market Happy 2022 Entry - 4th Jan 2022
Complete paradigm shift will make Gold the generational trade - 4th Jan 2022
Corsair MP600 NVME2 1tb Drive Sudden DEATH Failures - Back Up NOW! - 4th Jan 2022
AI Tech Stocks Portfolio Updated Buying Levels and Zones Part 2 of 2 - 3rd Jan 2022
Stock Market Sentiment Speaks: 2022 Can Be Your Best Year Ever - 3rd Jan 2022
2020-22 - Soaring costs of the West's Pandemic failure - 3rd Jan 2022
AUTODESK (ADSK) - CAD - Metaverse Stock Analysis Investing for 2022 and Beyond - 2nd Jan 2022
Stock Market Sector Themes In Play For 2022 - 2nd Jan 2022
Excuse Me Mr Gold. What Year Is It? - 2nd Jan 2022
Stock Market Early 2022 Should Continue Melt-Up Trend In January / February - 2nd Jan 2022
UK Energy Crisis WARNING 2022 - How to Avoid Huge Increase in Gas and Electric Fuel Bills Right Now! - 1st Jan 2022
Why You Need A PR Expert For Your Financial Startup - 1st Jan 2022
TENCENT- Chinese High Risk GAMING Metaverse Stock Analysus for Investing 2022 and Beyond - 31st Dec 21
Gold Price Forecast 2022 - The Golden Year - 31st Dec 21
Will 2022 Be Better for Gold Than 2021? - 31st Dec 21
Gold Stocks – Wishing And Hoping (And Losing) - 31st Dec 21
Sheffield Christmas Market 2021 SANTAS GROTTO at Peace Gardens, City Centre Sights and Sounds - 31st Dec 21
Nvidia Leaves planet Earth - AI Tech Stocks Analysis - 30th Dec 21
Google (Alphabet) AI Tech Stocks Analysis - 30th Dec 21
Stock Market Santa Rally Challenge - 30th Dec 21
Sheffield Christmas Market Stalls, Sights and Sounds 2021 - 30th Dec 21
Investment Roadmap for 2022 - 30th Dec 21
2022 – The Year of (Gold) Inflation? - 30th Dec 21
Overvalued Stocks and Housing Perfect Storm for Gold - 30th Dec 21
My Most surprising Crypto call to date - 30th Dec 21
What is a Rehab Clinic and How It Is Beneficial for People? - 30th Dec 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Gold And Silver – Elite’s Puppet Obama – Western World’s Worst Enemy For Freedom

Commodities / Gold and Silver 2015 Jun 20, 2015 - 07:55 AM GMT

By: Michael_Noonan

Commodities

Obama is fast-tracking the Western world’s freedom out of existence. If ever anyone questioned who this person works for, and it would be the elite’s world bankers, here is solid proof of where Obama’s loyalties lie, and when one thinks of the word “lie,” his name immediately comes to mind.

The first question to ask is cui bono? [to whose benefit?]. Listening to Obama, “There will be 100,000 jobs created by the TPP [Trans Pacific Partnership, which just happens to exclude two of the world’s largest economies, China and Russia]. Bear in mind, Obama is not just focused on TPP. Also on his agenda to serve the elite’s interests – for sure not yours, as you will soon learn – are TTIP [Transatlantic Trade Investment Partnership], and TISA [Trade in Services Agreement], the latter two are proposed treaties between the US and the EU, both de facto corporate governments in the service solely for the elite’s NWO agenda [New World Order].


Here is what Obama is not telling you: each of the trade deals has within them a provision called ISDS [Investor State Dispute Resolution], an innocuous enough sounding title that actually strips away the sovereignty of each participating country.

Tell us more, Obama. “Sorry, no can do. Everything is top secret.” Not even Congress is permitted to know what the contents of each trade pact entails, even though that ignorant body of “elected” [euphemism for bought-and-paid-for] officials officially have no clue for what they are passing into law.

Beyond the paltry 100,000 jobs that would purportedly be created, here is some of what Obama is not telling you. The ISDS will give private corporations the ability to sue nations over “lost profit potential,” and/or for violating the corporations “rights” that prevents sovereign governments from protecting their own natural resources, to include the interests of that nation’s own citizens. It is also a one-way street. No nation has a counter-
right to sue an offending corporation.

What Obama is not telling you is that stockholders in these international corporations will now have greater power over any existing government. Need we remind anyone that the largest and most powerful international corporations are elite-owned or deeply indebted to the elites? Are you beginning to better understand why Obama is fast-tracking these trade pacts shrouded in utmost secrecy?

Cui bono, Obama? Certainly not American citizens. Whenever Obama shouted out, “Yes, we can!” during his campaigns, stupid Americans thought he was addressing them. Hell no. He was talking to the elites but just not telling anyone.

What happened in Ecuador, as a result of such a trade pact? [Here is an article describing the plight of a number of countries that have become financially obligated to foreign corporations]. That tiny nation was forced to pay Occidental Petroleum [Houston-based],
$1.8 billion, even though Occidental broke the agreement with the government of Ecuador. El Salvador is on the hook for $284 million to a Canadian company when that country wanted to protect its water against contamination from Pacific Rim, now owned by the Australian company, OceanaGold. [The article link gives you greater insight as to what is going down. Worth the read.]

In an ironic twist, Moonberg, Germany is under suit for 1.4 billion Euros initiated by Swiss energy giant Vattenfall. The irony stems from the fact that this idea of corporate interests uber alles began in the 1950s by a group of German businessmen. Vattenfall sued Hamburg because the locally imposed environmental conditions were so strict that it made the Vattenfall plant in Moonberg unprofitable and that “constituted acts of indirect expropriation.” In other words, the environmental self-interests in Germany were interfering with corporate profits. In the Obama world of TPP, TTIP, TISA, et al, fascist corporate interests prevail over nations and its people.

Western world, meet Barack Hussein Obama and his fast-track Trojan Horse pacts, coming soon in your own neighborhood. Bow down to elite corporatism, Y’all.

Remember, he promised there would be 100,000 new jobs created in passing his pacts. Add that promise to the ones he made while campaigning, and he will be batting 1,000 in promise-making and lack of keeping. Obama’s agenda is just another way of getting Americans to sacrifice yet more of their jobs, their homes, financial security, freedoms, and principles so we can be protected by those stealing everything from us.

This also gives credence why China and Russia have been buying as much gold and silver as is available, and available at prices that defy logic, and more importantly, the laws of supply and demand. Of course, in the world of Obama and the elites, no laws apply, [unless you happen to break one of theirs].

To our way of thinking, events like these are far more important reasons for buying and holding PMs than how many ounces of gold/silver have been sold to the public, or how many ounces have been mined v available demand, none of which have impacted price, anyway. When your most basis freedoms and liberties are at stake, all that matters is what you have and how you can best be in control of your own destiny. Does how many tonnes of gold China actually owns really matter to your own survival?

We will now leave the world of don’t-believe-a-thing-you-hear, and enter the world of trust -in-what-you-see. In the world of charts, when the question of cui bono is posed, at least you know the answer is your interests, for a change. This does not mean you will necessarily like what you see, but no one can tell you what you see is not true or real.

When we talk about reading charts, it does not include using or imposing artificial factors like RSI, MACD, Moving Averages, Bollinger Bands, etc. They are past tense factors being imposed upon present tense charts in the [false] hopes of diving the future. Can’t be done.

Any time you see charts with arrows at the end pointing the direction of where the chart presenter “thinks” price is going, a ridicules exercise, send a note to the presenter and ask to see the chart and future arrows from the highs at the time of 5 years ago, or any chart that shows a sideways arrow from the lows at the time a few years ago? Then you can better appreciate the validity of the goofy arrows pointing in the next projected direction.

Charts do provide the best and most reliable present tense information available. The trend is the key takeaway information from any chart. When you can learn to be a follower of an established trend, that is when one can consistently make money. Emphasis is on the word “follower.” We know of no one who can successfully lead the charts ahead of time, consistently, or even inconsistently.

The imaginary fiat Federal Reserve Note, aka the “dollar,” has not given up its reign despite many calling for its demise, and if not many, more than a few. The trend remains up, and that remains the prevailing factor in reading developing market activity.

Last week’s lower low and lower close do not tell the whole story, and for that reason, we include a daily chart to focus on some more detail not as apparent from the weekly.

The horizontal line drawn from the mid-May lows should offer support on a retest, and this retest did not disappoint. Note how the lows of Thursday barely penetrated the mid-
May lows. What this tells us is that there were almost no sell stops resting under the previous low, otherwise, the low would have extended further down. Also, note the location of the close, on the upper range of the bar. Despite Thursday being a lower high, lower low, and lower close, buyers emerged and ruled that day.

Friday, last bar, turned out to be a non-event with no upside follow through. A small down channel has been drawn to reflect the short-term trend being down, but within a higher time frame [weekly] up trend. If the next swing high fails to exceed 98+, then we can say the daily trend could be in trouble.

Realistically, and why bother with anything less, neither silver nor gold are showing any evidence of a turnaround to the upside. There is a minor series of higher lows, recently,
but there is no upside progress. Last week’s weak performance indicates a lot more patience will be required for stackers. Given the character of the overall news, and none of it is positive, the artificially suppressed prices continue undisturbed.

We had a small commitment to the long side, last week, given the analysis, but the spike volume at the high of the rally was enough to take profits and stand aside. Price could rally more, but it would not be a rally to trust, at least not for long, as the location of the current activity is near the TR lows, and that is a message in and of itself.

NMT = Needs More Time

While we could say the TR is not making much downside progress, it could also be said price is not making any upside progress, either. Patience is required during a TR, and
this one shows no sign of ending.

The last 13 weeks are holding above the March swing low. With the lack of down side follow through, following the high volume effort of four weeks ago could mean there is an effort being made by the buyers to absorb sellers and take price higher, but that is just
conjecture which remains unconfirmed and nothing worth positioning, at this point.

The spike volume stands out on the daily, and intra day, much of the increased volume occurred near the high, usually an indication of sellers actively challenging the effort of buyers. You can see the rally stopped at recent short-term resistance. We added a few more horizontals lines to show how there is more potential resistance overhead that could cap additional rally efforts.

Friday’s small bar, mid-range close and close under the opening sends a weak message.
What will be key, moving forward, it to watch how the 1190 are is retested to see if it can offer support and hold given the six days of overlapping bars just before the rally.

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.

© 2015 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