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So many  headlines are saying “$5,000 Gold; $10,000 Gold; Silver, The Investment of the Decade;” etc, etc, etc.  Will that happen?  A history of failed fiat currencies says “yes”. When will it happen?  That is the question few articles address because they simply have no clue, beyond their sensationalized headlines. Who can best answer that question?  It is not “who can”, but “what can”, and that comes from the market itself – ever the most reliable source.  The answers may not always satisfy, but the market is never wrong [and this is what the market is saying]. Words: 590

So writes Michael Noonan (http://edgetraderplus.com) in edited excerpts from his original article* entitled Gold And Silver – Where Is The Rally?  What Is Missing?.

This article is presented compliments of www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making Money!) and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.

Noonan goes on to say in further edited excerpts:

What can be said with certainty is that before gold and silver can go up, they first have to stop going down.

Remember:

• the dire headlines about failed currencies and countries;
• the purported PM shortages;
• the lack of available physical metal to fulfill futures/ETF contact obligations;
• the huge purchases by China, India, and Russia;
• the Western countries over-hypothecating gold holdings;
• the empty central bank vaults;
• the tungsten-filled bars being delivered,

you name it, are well-known by controlling market forces.  It has all been stated, restated, then stated again, yet the current price of gold and silver do not reflect these “realities.” Why? Because consideration is not being given to those in power and their ability to hold onto that power, at all costs.

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The outright lies being fed to the world’s public, at least in Europe and the United States, continue to dominate headlines by the bought-and-paid-for television and print media.  Where is the outrage?  What little there is comes from the relatively small community of “fringe” bloggers – the best truth-tellers – and those who have been consistently buying physical gold and silver. Unfortunately, they are no match for the powerful forces that will destroy whatever gets in their way, be it a country drowning in debt, salvaging it with yet more debt, or the debasing of one’s own fiat currency, to keep the lie alive. Right now, the lies are winning.  They have to, in order for central bankers to keep power over everyone and everything else.

Until you start seeing currencies collapse…$5,000 or $10,000 gold and $200 or more silver are not [going to be] in the picture, and the charts are telling you as much.  Yes, price is being manipulated by four primary large banks each and every day…[but to suggest that] the exchange prices do not reflect the realities of the market is [just] not true.  The reality is that the manipulators are still in charge, and for as long as they are, the price of gold and silver will remain where they are.  Were it otherwise, you would see the price of gold and silver considerably higher.

For now, the market is saying the suppression of the price of gold and silver is alive and well.  The operative words are: “For now.”  Until you start seeing price move higher, the market is sending the message that precious metals are locked into a protracted trading range….Sentiment and bias aside, the market is telling a story that differs from the PM community’s beliefs and expectations, at least for now, and that is reality.

Trading ranges last until they stop, and this one has not yet stopped…The market is at a critical juncture, and it will provide us with some valuable information based on how price develops, starting next week.

To see all the charts, starting with weekly gold, including detailed explanations go HERE.

Editor’s Note: The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.

*http://edgetraderplus.com/market-commentaries/gold-and-silver-where-is-the-rally-what-is-missing (If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!)

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