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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 True Story Is About Time. Be Prepared. 0 comments
    May 18, 2013 3:03 AM

    Saturday 18 May 2013

    We are going to start off with one of the most eye-popping pictures ofjust one central bank, the privately owned corporate Federal Reserve,
    and its purported gold holding. Occasionally, we drop a bit of history
    that most people either ignore or simply do not believe, but this one
    cannot be conveniently shunted aside.

    One of the provisions in the FEDERAL Constitution, the 14th
    Amendment, [the original, organic Constitution had only 10 provisions,
    aka The Bill Of Rights], a hornet's nest for an unsuspecting public, we
    our focus in on the one germane to the graph below. It is found in
    Section 4:

    The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and
    bounties for services in suppressing
    insurrection or rebellion,
    shall not be questioned.

    Now, who do you suppose created the public debt by loaning out, first money, then fiat, and now just computer entries?

    Who do you suppose is responsible for it?

    The question few people think to ask is, Who had it inserted? The
    NWO works in mysterious ways. but always lethal to the interests of
    the remaining 99.5%

    Now, look below at the chart to get an idea of the magnitude of the
    outstanding debt that will never be repaid! We do not believe the
    gold holding claimed is accurate, [if any gold alleged to be held exists,
    at all], but we do believe the debt portion is accurately depicted. In
    fact, it has grown larger since December 2012.

    Gold v Public Debt

    This is all about a banking crises! Gold and silver are being held as

    The central bankers have their overly-rehypothecated teat caught in the wringer of world-wide demand for physical gold, and they cannot
    get it out. Their only recourse has been to drive down, crush would
    be a better description, the fiat [paper] prices of gold and silver so
    they can "buy" time to acquire whatever physical available to cover
    their cheating ways.

    Ironically, while these financial fiat-wizards are in a panic mode, of
    sorts, they are able to buy physical at somewhat lower prices and
    destroy the ability to take delivery for those if-you-do-not-hold-it-
    you-do-not-own-it paper holders upon demand. "Sorry, but you can
    only have paper fiat. Didn't you read the fine print?"

    As we have been saying since 35 silver, 1800 gold; 30 dollar silver,
    1700 gold; 25 silver, 1500 gold, etc, the issue is not price, rather, and
    most importantly, it is all about having possession of the physical for
    which there is an insatiable demand. We have been saying this for
    many months: keep buying physical gold and silver regardless of
    price. At some point in time, it may not be available to buy, except at substantially higher prices, or not at all. Better to be the proverbial
    year early than a day late.

    Over the last several years, gold and silver have steadily been moving
    into stronger hands in its flight from greedy, cavalier, and arrogant
    central bankers who never saw this coming. Why not? They have
    been habitual drinkers of their own cool-aid.

    Who comprises the stronger hands? Well, everyone knows about
    China, Russia, India, Turkey, etc, but now there are the not-
    previously-considered-as-consequential man and woman on the
    street. Compelling, unprecedented demand has surfaced on the
    streets of so many countries around the world with people buying
    ounces and kilos, as they can afford, and these little buyers are no
    less adamant in their desire to own and hold physical gold and silver
    as are the larger Eastern countries.

    However, the numerous stories about shortages of 1 ounce gold or
    silver coins/bars, on up to kilo size, people waiting in line for hours to
    buy what they can, etc, may make for good press and seem like a
    "feel good" story, but in the battle for supremacy of control, the long
    lines and unprecedented buying have done little to nothing in
    preventing the fall in paper prices of gold and silver.

    You think the central bankers are caught in a corner with no gold?
    Well, yes, but that is not the story. If they cannot deliver gold or
    silver, they will find another way out. You have seen their strategy:
    MF Global, Cyprus, and more on the drawing board, coming soon to
    your own [any] country.

    Under normal circumstances, when supply is short and demand is
    strong and growing, the price of such a commodity, good, or service
    will increase. Just the opposite is happening in the gold and silver
    markets. For right now, the central bankers are defying the natural
    law of supply and demand, and it is working. Why is it working?
    People are not objecting! People are passively taking whatever the
    NWO/central bankers dish out.

    What has been the fall out for the brazen theft of segregated
    accounts at MF Global? Nothing! What has been the fall out of Cypriot account holders who saw their bank and savings accounts held
    hostage by the outside European Commission, an organization that
    has no lawful standing in that sovereign country? A lot of pissing and moaning, but ultimately, acceptance. Where is the outrage, the
    intolerance for such blatant theft?

    This is all about a banking crises. Central bankers view their
    customers as central bank private ATMs, taking customer money via
    service fees, late charges, withdrawal fees for accounts that want to
    withdraw their own money. How crazy is that? Yet, people accept

    Now, the uber-wealthy are getting a taste of the "commoner's"
    medicine. They are finding out that their allocated gold accounts are not as allocated as they thought. Just how not allocated? How
    about, "The gold ain't there, anymore." We are talking about hundreds of millions of dollars in [un] allocated gold accounts in Switzerland.
    This is more of a hush-hush situation, but ABN Amro's [default] notice
    to its account holders that it will no longer deliver gold in settlement
    anymore, is the tip of the golden iceberg.

    That first chart, above, should be seared into your mind. It is a
    graphic representation of how supply and demand have been
    distorted. Look at how much money was created, and it may be a
    worse picture for European central banks and countries. One does
    not have to "suppose" some of that money is going to be used on the purchase of gold and silver, for it already is. Look at how much money is out there, and then think about how little is the supply of gold and
    silver to satisfy the growing demand.

    Should you be buying gold and silver at any price? If that chart does
    not provide you with the answer, ask a 5th grader to explain it. Price
    is not the issue. Availability is! We cannot repeat this enough.

    The caveat is this: central bankers hold all the power cards, and they will play them, at all costs, and the costs will be yours to bear, Cyprus being a crystal clear example of what to expect. In all probability,
    most expectations will be underestimated.

    The bankers have fouled up the financial system, and now they want
    the people to pay for their egregious financial errors. It is not enough that bankers have been stealing homes to which they are not legally
    entitled to do, but the government fosters it. It is not enough that
    bankers have received trillions of dollars in bail-out money, to cover
    their losses. The bankers have been paid several times over, including
    insurance for losses claimed, even though no actual losses may have

    "You must pay your fair share," is the reasoning given for bank
    accounts stolen, and now talk of a wealth tax to help keep the system afloat. The banks are too big to fail. What?!! Who created the loans
    and took the risk of loss? The bankers. Let them fail! Let the
    system fail! People will survive. The only casualties will be the
    bankers, the "system." It is all about protecting the "system," and it
    has nothing to do with protecting people. The people are there to be
    fleeced, and that is what is going on.

    If you choose to stay in the banking system, expect to take losses on
    anything held in a bank. Read that sentence as many times as it takes to have it sink in.

    What have the bankers been hell-bent on destroying and discrediting?
    Gold and silver.

    What do Mussolini, Hitler, and Roosevelt have in common? They each confiscated the gold holdings of their citizens, leaving them with no
    wealth and dependent upon the STATE. It is always about the
    system. Follow the money.

    The New World Order uses central bankers to control all governments.
    Who runs the governments of all Western-bloc countries? Ex-central
    bankers. Where is their allegiance? So many questions, almost all
    having the same answer.

    Those in power will destroy you financially, in order for them to survive and keep control. Governments produce nothing. Every dollar spent
    has to come from the private sector. The parasite is consuming the
    host. Be prepared.

    The Quarterly chart is why we say the true story is all about time. Do not focus on how much demand there is for gold and silver, at any
    level, be it country or individual. The demand side of the equation is
    known, and better known by the central bankers than most. It is the
    supply side that matters, and the supply side is comprised of factions from the NWO, and they will steal whatever you have to survive.
    Based on the [non] reactions of those who have been stolen from,
    they are taking it lying down, and the NWO sees it. The enemy has
    time on its side, and it will be used to wear people down and become
    disillusioned owing gold and silver. Keep the first chart in mind and
    stay focused.

    The chart comments can be viewed by clicking on the chart, a few
    time, but this does not work on some sites that carry our article, so
    we will reproduce the chart comments: [The comments pertain to the
    paper market.]

    A Qrtly chart is rarely looked at by traders. Its effect is controlling
    over lower time frames. The reason for stating that a gold recovery
    could take longer than most expect is illustrated here.

    The wider range bar from 3rd Qtr 2011, with dashed lines at the high
    and low, has been decisively broken to the downside by another fairly
    wide range bar lower. The ease of downward movement is market recognition that sellers are in control. The current Qtr does not end
    until 30 June, so the location of the close will provide very important
    information and may provide a better understanding of the time
    factor for recovery.

    A weak close would tell us that it may take a few years for gold to
    rally even just to the 1800 level. A look at the monthly chart gives
    an example.

    GCA Q 17 May 13

    The chart comments aptly describe how the location of the close on
    a bar lets us know who won between buyers and sellers for that time
    frame, and it can provide clues as to what to expect in the next bar.

    GCA M 17 May 13
    Because these charts reflect the paper COMEX prices, which ignore
    true demand, the conclusions are based upon the distortion of the
    supply/demand relationship.

    SIA M 18 May 13

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