Friday , 22 November 2024

Noonan: Gold & Silver Will Remain Weak Due To This Factor (+2K Views)

2014 is ending unexpectedly for PMs, considerably weaker than what most thought gold-silver2would be sharply higher prices.  Based on what the charts are conveying, at least the initial part of 2015 will not fare much better. Supply and demand are not the driving factors – world financial dominance is [and most]… PM “experts” are not focusing on this aspect. [Let me do so and show you how such a factor is the price trend in gold and silver in the charts provided.]

So writes Michael Noonan (eddgetraderplus.com) in his article* originally entitled Gold And Silver – Nothing Is Ever As It Seems And No Respite For PMs, going on to say:

The Elites Have A Stranglehold On the World’s Financial System – Here’s Why & How

What most people refuse to understand, if not even acknowledge, is the extent to which the elites have an utter stranglehold on the world’s financial system, and by world we do not mean just the Western world.  China and Russia are included.  There is no single country that can exist without the machinations of the elite’s banking system.  They have been running the world for a few hundred years and are masters at it.

The agenda for a New World Order is at least 100 years old, when bankers and corporate presidents were all aiming to control every aspect of industry via financial manipulation, straight from the well-established Rothschild “game book,” as it were.  This unabated zeal for world control is not something that has been in the works for just the past several decades.  Knowledge of this does not come from an announcement in the New York Times or Wall Street Journal; rather, one has to diligently read through a myriad of source material and then see how the dots are connected.

In a nutshell, if the elites have their way, and to date they remain unopposed, the fiat Federal Reserve Note, aka the debt “dollar,” will be replaced with some form of a new international currency, or perhaps SDRs (Special Drawing Rights), an international basket of currencies.  All money may exist as computer credits that can be readily tracked.  If anyone dare oppose the bankers, poof, your credits just disappeared, and you have nothing.  Bankers rely on debt largesse and fear.

There will be no sovereign nations.  All countries will be held accountable to the new Wizard Of OZ bankers behind the curtain, much like the experiment called  the European Union.  The EU may fall apart, but the lessons learned will not be lost, and in fact they will be honed to format what is to come.  The handful of banking elite that rule the Western economies will become “elite-er”.

For more Noonan commentary on the role of the financial elite please refer to the related articles at the end of this article.

Affect of Elite Control On Gold & Silver Prices

As to  substantially higher gold and silver prices in the “great reset” scheme, it makes no sense for the still-in-control elites to allow PMs to be dramatically revalued too high. Neither gold nor silver will ever be allowed to compete with their fiat monetary system. We have no clue how gold and silver will ultimately be re-priced, nor do we think does anyone else, despite all the numbers being bandied about.

This Week’s Analysis of the PMs Market

What we know for sure is that the trend of any market is the most powerful and most influential force, and this week’s analysis of the PMs market is a simple fact-based one. It takes time and effort to change a trend.  To whatever degree these market are being manipulated, even the manipulators eventually “show their hand” through price and volume activity.  We see no change for prices remaining low, if not even making newer recent lows in the months ahead.

It does not alter the view and necessity for the ongoing accumulation of the physical metals, for having them will be essential when the big “reset” finally hits.  Time remains on the side of the buyers, but low prices may give way to higher premiums in order to keep the game alive.

Last week, we wanted to see gold rally strongly on increased volume, taking out 1250 with ease.  That did not happen and until it does, gold remains on the defensive and subject to staying at current levels.  The longer gold stays at these levels, the greater the probability for another low.  Comments in the charts below provide the factual explanation.

Gold: Weekly Chart

It remains to be seen if last week will become a higher swing low by holding or if price will continue lower.  There is some evidence of support at last week’s low, but we do not need to know in advance if support will hold or fail.

GC W 20 Dec 14

Gold: Daily Chart

Let the market confirm any potential strength, and then look for a buying opportunity.  Keep in mind, while the overall trend remains down, any rallies are suspect in their sustaining power. 

 

GC D 20 Dec 14

Silver: Weekly Chart

Put into the same context as described for weekly gold, there is not much else to add for silver, and keeping it simple makes the most sense.  There is nothing that addresses being on the long side for paper silver based on this chart.

 

SI W 20 Dec 14

When accepting the power of a trending market and not viewing it from a biased perspective anticipating “inevitably higher” prices, you can better see how developing market activity provides a clearer landscape for decision-making.  It is not always so easy to take such a clinical look at the markets, but seeing how steps 1 through 4 in the chart below unfolded in a logical way is the best example of how to use market generated information.

 

SI D 20 Dec 14

 

Silver is at point 4, a weak reaction.  Unless or until there is evidence of a strong rally, supported by volume and upper range closes, a weak reaction, like this, will lead to lower prices in an effort to discover demand

*http://edgetraderplus.com/market-commentaries/gold-and-silver-nothing-is-as-it-seems-and-no-respite-for-pms

[The above article is presented by  Lorimer Wilson, editor of  www.munKNEE.com and the FREE Market Intelligence Report newsletter (sample here) 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. The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. This paragraph must be included in any article re-posting to avoid copyright infringement.]

Related Articles:

1. The Gold & Silver Markets Best Analyst Is Michael Noonan – Here’s Why

There is so much hype and cheer-leading out there amongst supposed gold & silver analysts that you probably wonder just who is worth your time to follow, if anyone. Having read and analyzed hundreds and hundreds of articles on the subject I have concluded that there is ONLY one such person. That’s Michael Noonan. Read More »

Non-Chart Specific Noonan Articles On the Financial Elite

2. Noonan: “Distorted Gold & Silver Pricing Will Prevail Until…”

Whether it is $5,000 or $10,000 per troy ounce for gold – or $100 or $200 for silver – the current distorted pricing will prevail until there is a clear break of the elite’s central banking dominance over the gold and silver markets. Read More »

3. Noonan: An Exposé of the Elites & Their Control of the Price of Gold & Silver

No one can outguess the elites’ sustainability of power and control over the entire financial system, including their influence over the price of gold, and, as such, this precludes anyone from being able to intelligibly articulate “when” there will be a transition from “down” to “up” in the price of gold and silver. Unfortunately, as things currently stand, the elites continue to win the majority of the battles, and so control the war. Let me explain why that is the case. Read More »

4. Noonan: How Long Will These Low Prices In Gold & Silver Continue?

How long these low prices in gold and silver will continue is the ever pressing question on the minds of the gold and silver community and topic of so many articles written by the experts. While many have striven to provide an answer, and 2013 failed to match the “predictions” as to the “When?” issue, the best answer is: For as long as it takes. Here’s why. Read More »

5. Noonan: U.S. Debt & the Expected Movement in the Price of Gold & Silver

This article is a brief overview of how the U.S. government has come to be usurped by a banking cartel that controls government, media, corporations, etc. all because of their control over the money supply in the Western world and, understandably, why they are desperate to keep their Ponzi scheme from unraveling and being jettisoned in favor of gold and silver and concludes with a look at what the charts have to say about the future movement in both gold and silver. Read More »

6. Noonan: Gold Remains Low For These Compelling Reasons

The current unnatural control over the natural forces of Supply/Demand could continue much longer than most expect – the disappointing expectations for 2013 may repeat in 2014. Here is how we see the developing “story” that explains why gold and silver have not changed trend. Read More »

7. Noonan: The U.S. Dollar’s Demise Was Orchestrated By the Fed – Here’s How

Ever since 1933 the Federal Reserve, implementing the proven Rothschild formula, has been slowly orchestrating the demise of the U.S. dollar from a gold and silver backed currency into, in reality, a worthless piece of paper today and also now controls the price of gold and silver. Let me explain how this all came about – how Americans were duped – and what this really means. Read More »

8. Noonan: The “Rothschild System” & the Present and Future Price of Gold

If the East has gained control of the gold, and the West is essentially insolvent to its core, why aren’t gold and silver finding a higher level that, at a minimum, would reflect a simple adjustment for inflation for the past few decades? The answer is really quite simple: the “Rothschild formula” is is alive and well. Let me explain just what the Rothschild formula is and how it is influencing the price of gold. Read More »

 

 

 

3 comments

  1. True story: On August 6, 2014, my parents purchased $15,000 worth of physical silver (Pan Ams) at $20.81/per ounce from Northwest Territorial Mint. They were told that their order would be put in the queue 6-8 weeks after receipt of good funds. They received full payment within a week of their order, and they were in the queue for delivery mid to late October. My parents called NWTM at the end of October, 2014 and were told that their shipment was delayed and that under the Agreement, NWTM could and would extend delivery for another 30 days. My parents called on December 1, 2015 and were told by NWTM that they still could not deliver the order. My parents canceled the order and requested a refund. Note that spot silver was $16.50/ounce on December 1st, where my parents had agreed to pay $20.81/ounce! NWTM lost over $4.00 per ounce on that failure to deliver silver to my parents. Tell me there is not a problem getting physical silver at the fictitious prices set in the paper market!! Why else would this happen.

  2. This is the best objective, non-biased assessment I have seen. And look at the volume produced at the lowest prices.

  3. What you fail to understand is the fact that we already have separation of paper versus market price in the East, big time. It will only get worse and eventually it will overwhelm all manipulation. It is a 100% fact and probability. If you don’t believe it, hide and watch what unfolds.