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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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  • The Cyprus-ization Of Precious Metals 0 comments
    Apr 15, 2013 12:12 AM

    Sunday 14 April 2013

    What is currently going on in gold and silver is nothing short of a
    concerted effort to crush PM advocates. It is a measure of how
    desperate the central banking cabal has become. In our last
    Commentary, we stated that central planners/bankers would stop
    at nothing to further their evil ends: the confiscation of wealth, by
    whatever means, and the destruction of the middle class, as the
    bankers are moving, stumbling toward their vaunted New World Order.

    From Bullish Hopes In Bear Market, Trend Wins:

    "If you can keep your head when all around you are losing theirs...
    If you can trust yourself when all men doubt..."

    Edited from Rudyard Kipling's "If"

    The point is to keep a level head in what appears to be turmoil for
    the real turmoil is on the other side, the opposition to PMs as a
    known alternative to the issue of worthless fiat. We cannot say
    nothing has changed, for price just got lower, but the attempt to
    destroy whatever opposes fiat debt is obviously a high priority for
    central planners, and their message is very clear: they will stop at
    nothing to continue their fraud.
    Nothing." [end]

    Everyone personally holding physical gold and silver, as we have
    been recommending, has no margin call to meet and no reason to
    sell. This is a temporary situation, and it will pass. Now is not the
    time to panic, for that is the intent of forcing gold and silver through strong support levels.

    Stay the course. To the extent you can, continue buying the
    physical metal. The PM ransacking is proof of how fearful central
    bankers are. It is the wooden stake into their financial main artery,
    for surely they have no heart.

    Nothing has changed that would warrant this level of sell-off, and if
    there is anything to be learned from this banker raid, it is what we
    stated above, "they will stop at nothing to continue their fraud.
    Nothing." What central bankers are doing is beyond even what we

    Bankers are in a state of panic. There is NO stability in anything
    they do, and they are circling the wagons. It is them against us. Do
    you see a single government coming to the aid/rescue of the
    people? No. Governments are the tail of the central banker dog
    when most people think it is the other way around. This is a
    message that should be sinking in for more and more people who still believe in a benevolent government. All governments have devolved
    into wealth-stripping.

    The EU is going after bank deposits, and now Germany is talking
    about a wealth tax on all property, stocks, bonds. In the United
    States, people's wealth has and continues to be "confiscated" via
    the invisible inflation tax. For those who choose to remain in the
    banking system, it is your choice. That clock is ticking. Cyprus was
    the alarm.

    You are on your own out there. Stay with what works, and do not
    let thieves steer you off a course that has a proven history of
    working. Buy silver, buy gold.

    The visual confiscation tax in the United States. Is anyone still
    thinking of selling their gold or silver?

    Chart by Sharelynx

    Gold v Dollar

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