Sunday , 14 April 2024

Noonan: The Fed Will Never Ever Taper & What That Means For Gold

The Fed announcement not to taper was a “surprise” to all mainstream media talking heads (or should I say headless) who must tow the party line or join the growing millions of other Americans out of a job.  Without the faux fiat injections into the stock market, it would collapse, as it inevitably will, anyway.  Those in that market should be prepared for the worst for the worst will happen.

So writes Michael Noonan ( in edited excerpts from his original article* entitled Gold And Silver – Fed Taper?  Never!  Never, Never, Ever.

[The following article is presented by  Lorimer Wilson, editor of and and the FREE Market Intelligence Report newsletter (sample here – register 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. This paragraph must be included in any article re-posting to avoid copyright infringement.]

Noonan goes on to say in further edited (and perhaps paraphrased in places) excerpts:

The proverbial handwriting has been on the wall for quite some time.  Lying Ben Bernocchio just sealed the fate of the already doomed fiat Federal Reserve Note, aka the “dollar,” along with the financial well-being of most unsuspecting Americans who will be unprepared for what is going to happen, at some point and with certainty.  Collapse.

If the Fed were to taper, it would immediately burst the largest financial bubble ever created… Rather than burst the bubble and be held accountable, the Fed will keep feeding the financial tapeworm until the host Western world is utterly consumed.

How many companies are there actually showing earnings?  It must be closer to none than to 100.  Yet, the stock market made new all time highs this past week.  With zero percent interest rates, all older savers dependent upon interest returns during their retirement years have none.  They are, and have been getting, financially screwed while bankers have been handsomely rewarded with huge bonuses.  No outrage, however.

All pension funds are under the same duress.  The ultimate victim(s) is/are all of America as Ben and the Boyz steal what remaining “wealth” is available through their fiat Ponzi scheme, in place ever since the Federal Reserve Act of 23 December 1913.

We are all trapped in this ultimate Weimar-type bubble created by central bankers using exactly the same banking system in place under the Weimar Republic.  Details are of no consequence because they have been known for decades and ignored by all throughout.

The Ponzi bubble is bigger than most can imagine. Western central planners… [continue to try to] suppress gold and silver in order to keep their sorry lives alive.  In the process, the destruction of people’s financial well- being is unabated…

The [only reason the] fundamentals and unprecedented demand for gold and silver have failed to follow the natural law of supply and demand is because both have been unnaturally treated by central bankers.  The metals are anathema to the issuance of paper fiat, and competition must be eliminated, at all costs.

The greatest antidote to government-issued fiat has always been, and always will be, gold and silver to a lesser extent, by becoming as important a financial safe harbor. [As such,] the beneficiaries of all this future trauma and trouble [will be] those who own and personally hold physical gold and silver.  No paper promises, which are ultimately IOUs. When push comes to shove, which it surely will, good luck trying to collect on them.  If the M F Global theft does not resonate with any paper holders, then nothing will.

Do not believe that the Fed will taper.  In all likelihood, the Fed will increase, not taper. When you see that happen, there is no more cover for all the lies being sold in America. You have to know that when the ultimate central planner player, Larry Summers, opts out of the job of his life. It tells you that the replacement for Lying Ben is being set up to take the fall…

What the Charts say About Gold & Silver

My comments above are similar to Paul Revere’s ride through every Middlesex village and farm alerting everyone that the British were coming in that they exclaim that “The Central Bankers are here! Buy gold and silver!”

Gold and silver may ultimately head higher, (and higher and higher), but for now, the charts say “not yet, we need more time”. [For a detailed analysis of what the charts are saying at this point in time, and charts to support same, you are encouraged to visit the link below.]

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


Other Articles by Noonan:

1. Noonan: Gold & Silver Could Move Sideways for Another 1-2 Years – Here’s Why

Using past history of how price responds, it is likely that gold, and silver, could move sideways for another year or two.  While this flies in the face of so many current, supposedly “expert”, opinions [mine is not based on opinion but, rather, is strictly based on the facts as conveyed by the charts. Take a look and you will see that too!] Read More »

2. Noonan: These Charts Clearly Show What’s Happening With Gold & Silver – Take a Look

Below is a perfect example of how the charts timed the movement in the price of gold and silver over the past week. Yes, you CAN time the market as this article clearly demonstrates! When the market “talks,” we listen.] Read More »

The window of opportunity to buy physical gold and silver continues to narrow.  Like the housing market top was known to be coming, when it came, those who waited too long regretted it.  When the bottom for the physical PMs is known as a certainty, those who waited for a “better price” may also regret that decision.  It is all about choice. Read More »

In an election, it does not matter if voter turnout is high or low, the outcome is determined by the actual votes cast.  The same holds true for the markets.  Only those who make an actual buy or sell decision determine the outcome of the market trend. The market “voters” turn up in charts, recorded in the price range, close, and volume. Collectively, a “story” unfolds, and it usually is an accurate one as it does not include any opinions. Opinions do not matter. Articles written about fundamentals, pundit declarations, etc., all fall under the category of opinions. The market is the best source for information, and that is a fact. Read More »

…Fiats have an unbroken track record of failing throughout all of history. Gold also has an unbroken track record of being a store of value for over 5,000 years.  Yes, there have been hiccups along the way, and we are in one now.  It is what it is, but what it is is also an incredible buying opportunity at “fire sale” prices….[That being said,]  a look at the charts of the paper-tracked PM market [beg the question]  … “Where’s the beef?”  Where is the substance of anything?  We see none in the charts. Take a look. Words: 610; Charts :4 Read More »

Technical analysis is a measure different from fundamental analysis…and we qualifying our approach with a specialized subset of technical analysis.  How so? We read price and volume behavior, over time, in the form of developing market activity. It is what one sees on a chart, price ranges, close locations, volume, time factor[s], but no more. Below are charts that suggest that the weakness in silver may be coming to an end, sooner now rather than later, but that for now, it is what it is – and what is, is reality. Read More »

Charts speak the loudest…and they never lie…[because they are] the true record of all buy and sell decisions executed, coming from the most informed to the least informed.  Most of the problems lie with those who form an opinion, and how they choose to impose it onto what any given chart “says.” My understanding of what the quarterly monthly, weekly and daily charts are conveying about the price action of silver is, simply,] “Silver stackers, these lower prices are a gift you should keep on taking.  Stay tuned.” Read More »

If you want to make rabbit stew, first, you have to catch the rabbit so hopefully, first, we’ll see some concrete signs that a bottom is in before the regurgitation of “Gold is going to $10,000!” starts showing up in a host of new articles pandering for attention. The best way is to decide for yourself…so let us go to the most reliable source, the market, and see what the prices of gold and silver  have to say about what everyone else has been saying about them.  People have been known to exaggerate, even lie in their “opinions,” but the market never does either. Read More »

Not one Precious Metals guru has gotten anything right in the last 18 months.  All have been calling for considerably higher prices.  Over the past several months none called for sub-$1,300 gold and sub-$20 silver. Crystal balls do not work and never have. When it comes to markets, anything can happen [but the charts convey that] there is no apparent ending action suggesting a selling climax or even a cause for a reaction rally. Take a look. Read More »

One comment

  1. Expect to see the Fed and their buddies the Big Banks apply massive pressure to drive the PM’s downward to save their own paper monies value.

    The War of Fiscal Credibility has taken a new twist.