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Michael Noonan Edge Trader Plus Michael Noonan is the driving force behind Edge Trader Plus. He has been in the futures business for 30 years, functioning primarily in an individual capacity. He was the research analyst for the largest investment banker in the South, at one time, and he... More
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  • Gold And Silver - The Stakes Just Got Higher 0 comments
    Mar 30, 2013 12:00 AM

    Friday 29 March 2013

    Cyprus is a trial balloon for the NWO, taking a small country that can
    more easily be controlled, putting the financial screws to bank
    depositors and then watching how it all unfolds, creating a playbook
    for future bank raids. How did the people react? Where will we need to deploy armed police or military? Did keeping the banks closed for a
    longer period of time force an adjustment of inevitability/acceptance?
    How much more can we get away with from this learning process?

    If anyone thinks this were a one-time, knee-jerk response, the Bank of Cyprus is offering a free toaster for new deposits as a reminder that
    your money will be toast. Just two weeks prior to this new form of
    stealing, the Cyprus banks were given a total pass on stress tests
    from the same unelected banking officials who all of a sudden
    determined these banks were now unsound, and drastic measures were needed to save it from drowning in debt. Those drastic measures?
    Issuing even more debt, of course. Either accept our terms or we will
    bury you, say the ECB, EU, IMF, and a special shout-out from Germany.

    In our last article, we used the term, "Bankers Gone Wild." It was a bit
    tongue-in-cheek, but nothing could be more apt. "Give me control of a nation's money, and I care not who makes its laws." It was over 200
    years ago when Mayer Amschel Rothschild boldly made that statement, and the international banking cartel has been perfecting their financial
    controls ever since.

    What this tells you is that your money is no longer safe in any financial institution, in any country. The banking cartel smells new blood, easy
    prey: direct confiscation of deposits. What everyone now knows, or
    should, is that all money deposited into a bank becomes an unsecured
    loan. This is the earliest warning you will ever receive. You no longer
    control or own your money, once you deposit it into the hands of
    financial hyenas.

    We cannot repeat often enough to buy physical gold and silver, and
    more, you must hold it yourself. Why? Last week, we posted a short,
    but significant article about someone's safe deposit box raided by the
    CIA, and two dozen gold Krugerrands were confiscated. Which is more
    surprising, a confiscation of bank depositors funds, in a foreign
    country, or a raid of a safe deposit box, right here in this country?
    Think it cannot/will not happen here?
    [Short article, http://bit.ly/13EVbAQ ]

    The stakes just got higher, in more ways than most are aware, and
    they will continue to ratchet higher with each passing week. The time
    frames are shrinking. Do not allow yourself to get lulled into
    complacency. It is up to everyone to make their own choice[s],
    [choosing not to choose is a choice], and there is now concrete
    evidence of how choices will be made for those who make none to
    protect themselves.

    IF YOU DO NOT HOLD, YOU DO NOT OWN IT! You can now remove the
    word "safe" from safe deposit box.

    It no longer matters what price you pay to buy physical gold and
    silver, and current "gift" prices cannot last by virtue of Western
    bankers' destruction of all currencies under their control. The hidden
    price for not directly owning gold and silver just went up, and it will
    not stop, at least not in a non-painful way. Central bankers have their
    thieving backs to the wall, and they will stop at nothing, nothing to
    control everyone and everyone's money. Here is another article on
    clamping down in Viet Nam, where gold has been too popular.
    [Viet Nam, Gold, And Central Bankers, http://bit.ly/YlcjHC , just for
    background].

    The best defense is a strong offense. All central bank financial
    institutions have been making a very clear statement through actions
    taken against depositors, of every kind. Once more, buy as much
    physical gold and silver as you can. Weigh that action against the
    inaction of leaving funds on deposit that are subject to bankers' whim,
    all in the service of saving the same financial system that brought on
    the coming financial collapse.

    There are 1,001 opinions on what is going on in the gold/silver
    markets. The one that counts the most comes from the market itself.

    Here is a look at what the charts say as to what is going on via public
    exchanges. The 1st Q just ended. We include this chart because the
    higher time frames are more controlling and indicative of price
    direction. The last two Qtrs have retraced almost all of the 3rd rally
    bar from the end. Take note and compare it when you get to the silver Qrtly chart.

    GCA Q 28 Mar 13

    Looking at this chart, in isolation, the small range for March just ended says it was a very weak rally effort on increased volume. When
    compared to the silver monthly chart, we see it differently.

    GCM 29 Mar 13

    Bars 6 and 7, from the end, are wider ranges compared to the last 5
    bars, and attempts to rally higher have been more difficult. In a
    lengthy sideways trading range, [TR], a down channel within it, and
    price near the low of the range, the burden of proving an up market
    rests with the buyers, a burden they are not meeting.

    One small ray of hope for buyers is that fact that in an oversold
    condition, [the arrow], price could not reach the lower level of the TR.
    Why not, in such a weakened condition? A small red flag against
    sellers' efforts.

    GCA W 29 Mar 13

    There is no getting around the observable fact that price is in a down
    trend. The labored rally effort was stated, but also note that the last
    13 trading days is on top of a prior trading range at the beginning of
    March. When one trading range is above a previous TR, it makes a
    bullish statement, or at least a small one, here.

    GCJ D 29 Mar 13

    Three bars ago was a strong rally in silver. The last two Quarterly bars did not fully retrace the rally bar, unlike the activity in gold, mentioned when viewing that chart. We have been maintaining that silver is
    relatively strong than gold, and here is an example of why, based on
    observable performance.

    The low-end close on the bar says to expect at least a nominal lower
    low next Qtr.

    SIA Q 29 Mar 13

    The EUM, [Ease of Upward Movement], was greater in August and September 2012 than the decline of six overlapping bars to the
    downside, culminating in the smallest range in over three years. The
    small range tells us neither sellers nor buyers were able to take
    control at an area where sellers are, or have been, in control.

    The inability of sellers to extend the range lower in March, and the
    fact that they have had a harder time pushing price lower, gives an
    edge to buyers who must now prove that they can take over, and this is why we saw the monthly gold chart as less negative than it would
    otherwise seem. Keep in mind there is still no evidence of a turnaround
    in either metal.

    SIA M 29 Mar 12

    Just as we observed how there was one TR on top of another on the
    daily gold chart, we see a 6 week TR on top of one way back in July and August 2012. The clustering of closes tells us sellers have been
    unable to take advantage of what appears to be weak demand, and
    the cluster can act as a potential turnaround in price behavior. As with all potential, it needs to be proven, in this case by higher prices.

    SIA W 29 Mar 13

    Chart comments summarize the daily. The dark horizontal line can be
    viewed as a pivot line, support on the left side and now resistance on
    the right. We can make a case for a rally from current levels, but it
    would have to demonstrate wider ranges up on increased volume and
    continued high-end closes. Even with that, there is still substantial
    overhead resistance that must be over come, and rest assured that
    central bankers will not give up their grip on these markets, unless
    forced to do so. We see nothing in that manner, yet.

    We are now seeing events unfolding that scream, Buy Physical Gold And Silver, much more than the charts are currently indicating, and it
    is precisely these events that will eventually be reflected in
    substantially higher prices on the charts. Take heed.

    SIK D 29 Mar 13

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