If your perception is focused solely on where the price of gold is, as opposed to where you think or believe it ought to be, the elites would like to sell you a renewable subscription to their “Fiat Is Better” newsletter.
So says Michael Noonan (edgetraderplus.com) in edited excerpts from his original article* entitled Gold – Disconnect Between Fundamentals And Price. Perception Rules.
[The following is presented by Lorimer Wilson, editor of www.munKNEE.com 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 excerpts:
All of the fundamentals are screaming high demand for and a shortage of physical gold, but price keeps on dropping so why is gold not at a higher price? Because fundamentals are not the answer, rather, it is all about perception and the perception that fundamentals should rule is a misplaced one, at least for now.
The COMEX & LBMA Vaults Are Bare!
Everyone who is even remotely interested in gold knows that the COMEX and LBMA vaults are just about bare. The COMEX has been nursing a default on physical delivery for gold and silver since last summer. There have been none. Those who stood to take delivery received cash, or rolled forward. This is certainly an acknowledgment that there is no gold or silver, yet that fact has not translated into a stampede of customers demanding gold. Even Deutsche Bank cannot get delivery of their own gold!
Gold’s On Sale at 35% Off For a Limited Time Only!
Keep focused on your objectives and the reality of events. Right now, people can buy gold coins and bars almost at will. If Deutsche Bank has to wait seven years to get just some of its gold back, and they are not an isolated example, if the vaults are nearly depleted, and you can buy gold coins and gold bars from dealers every day, in light of the whole world recognizing a shortage, everyone should be taking advantage of the disconnect between perceived value and the reality of current prices and buying as much as they can and, for right now, there is a 35% off sale going on!
Better a Year Early Than a Day Late!
This is lock-and-load, fire at will, and not a time to be keeping one’s powder dry. If you know all the available physical gold is being shipped East, primarily to China, and you have immediate access to however many ounces you want to buy, why is there anyconcern over the current price of gold? What happens if you cannot buy at any price?! Better a year early than a day late.
The reality is, whatever gold is available is relatively cheap. If you can answer the question, for how much longer will you be able to buy it, then plan accordingly. If you cannot answer that question, then plan accordingly for that event, as well.
We understand that the charts reflect the bogus COMEX manipulated paper price of gold, but that is all that is available, and the physical market, measured by tonnes going to a variety of mostly BRICS nations, is at a premium to paper. However unreal
the COMEX and LBMA pricing mechanism may be, it is all that is available, at least for now.
No Predictions Here!
Despite the fact that others who make predictions draws reader attention, we do not make them. For one, no one knows how the future will develop – just review all of the predictions from 2013 for proof. Secondly, there are utterly unnecessary. The market will indicate when the trend has changed, and there will be ample opportunity to be long paper futures, that is, if there is still a paper futures market in the next year.
The trend remains down. Any predictions you may be reading currently are mostly a regurgitation from the same ones who made predictions last year. Is it really necessary to ask how they worked out? One thing we can say about the charts of the market is that
they do not mislead. They can be misread, at times, but overall, the trend is accurate.
Will the current $1,200/ozt. area continue to hold? Odds say no, based only on the current down trend, but things can change. However, it is always best to wait for confirmation of a change before acting contrary to the current trend.
[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 Noonan Articles:
Because the natural laws of supply and demand do not apply to gold and silver, the only way we can track the influence of endless paper supply on the market is through the most reliable source, the market itself, and the best way to track the market is through charts.Let’s take a look at what they are conveying today. Read More »
Does the fast-fading world reserve currency [the USD] look like it is collapsing? A look at the performance of the U.S. Dollar Index does not suggest that it is, weak as it is. If the fiat dollar is not in danger of imminent “collapse,” or even breaking down, then gold does not have this event as an impetus for rallying higher. [Frankly speaking,] until that changes, gold ain’t going higher, at least in the short term. Read More »
The decline is holding near the last swing low. Will the June low hold? The odds are greater for the low not holding, based on the trend, but there is no way to determine the probability of the June low giving way, for it is possible it will not. Read More »
No matter what the latest “news” development is for PMs that paints a rosy picture, those in the fundamentalist camp are looking through rose-colored glasses to expect change in the near future. The charts for gold & silver continue to tell a more accurate story that belie all known fundamentals, and the charts shown here depict a market in decline with no apparent end in sight. Read More »
Fundamentals are relative, charts are absolute. They accurately reflect all that is going on, regardless of reasoning/motivation and…right now, the charts are letting us know that higher PM prices are unlikely to occur anytime soon. Barring some kind of “overnight surprise” that will shock the markets, odds favor lower prices over higher prices unless and until demand shows up in chart activity. Read More »
Some of the finest and most highly regarded minds in the world of PMs have been saying gold and silver are going higher…[but] the charts have “said” otherwise, and that has been the correct read…The fundamentals may be as bullish as can be [but] the charts are sending a different message. Read More »
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 »
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 »