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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 - Central Bank Death Dance, Part I. 0 comments
    Sep 28, 2013 2:20 AM

    Saturday 28 September 2013

    If "they" can get you to ask the wrong questions[s], "they" do not
    have to worry about giving the right answer[s].

    The question most have been asking is, why aren't the prices of gold and silver reflecting the unprecedented huge demand and the almost
    depleted holdings of the exchanges and central banks? Article after
    article has been retelling the stories of long lines to buy silver and
    gold, all over the world, Russia and China buying everything available
    for sale from the gutless Western central bankers, failure to deliver
    physical gold by banks to customers, failure to deliver contract gold on the COMEX, rolling it forward and/or settling for cash for those who
    take it.

    Each of these factors have been posed in the form of a question to
    ask why prices have not reached new highs, and substantially higher PM highs. These are the wrong questions which is why no one has
    offered the "right" answer as it pertains to price.

    We have alluded to other issues in salvos against the central banks
    and New World Order, [NWO], on several occasions. The NWO,
    through the Bank for International Settlements, [BIS], its central banks own the United States since 1933, when this country was forced into
    bankruptcy and Socialist Roosevelt shut down the banking system to
    give time for the Federal Reserve to take total control. The de facto
    corporate federal government has been taking it marching orders from
    bankers since about 1861.

    Central banks and governments produce nothing. Governments exist
    by sucking the financial lifeblood from the same citizens the
    government is supposed to serve. At least that was not the way it
    was supposed to work when this country was formed as a Republic.
    Since 1913, this government has been turned into an [un]represented
    democracy, controlled by the Fed/Wall Street bankers, for the benefit
    of their shareholders and uber-wealthy. Anyone else, under the 1%,
    is considered merely as fodder.

    The only thing the United States has left to defend is the fiat Federal
    Reserve Note, [FRN] incorrectly known as "the dollar." [By established
    law in the United States, FRNs are not dollars, repeat, are not
    dollars.] The de facto federal government rules by deception on
    every level, and it does everything to hide this fact of law,
    successfully, we should add, as but one example of many re deceptive practices.

    Cognitive dissonance has almost all of the American population, and
    the rest of the world believing FRNs are "dollars." Those unaware are
    unaware of being unaware, and as a consequence, the unaware are
    not asking the right question[s]. When presented with the truth,
    people do not believe it. Instead, they believe in the lies fed to them
    so that the real truth sounds like a lie.

    The NWO has shredded the organic Constitution, created by our
    forefathers, and replaced it with a federal constitution that is very
    similar to but drastically different from the original. The NWO has also
    driven out capitalism and replaced it with corporate fascism and
    central planning, for over the past century, but few have noticed or
    even care to know.

    When you start to ask the right questions about the installed de facto
    regime that started over 150 years ago, when you ask the right
    questions about what money is, what a dollar is, what Federal Reserve Notes are not, despite their deceptive claims, then you will better
    know why gold and silver have not rallied to considerably higher levels
    in light of all that is going on in recent years.

    Federal Reserve Notes are evidences of debt. Debt is not and cannot
    be money, yet people accept it as though it were. As long as
    Americans choose to be ignorant about basic facts as these, the
    NWO's federal government will continue to fleece the population and suck the wealth out of this nation, as it has in the biggest wealth
    transfer ever in the world.

    How do people in this country measure their wealth? By the worthless
    fiat FRN. Almost all measure their worth by debt. What is the
    antithesis of debt? Gold and silver, those metals which have a proven
    history of an intrinsic store of value.

    Prior to the Federal Reserve, this country issued United States
    Treasury Notes, backed by gold and silver. Every Note could be
    exchanged for its face value into gold or silver, at any time. Into
    what can anyone exchange a Federal Reserve Note? For another
    one, only.

    The value of an original FRN issued in 1913 is worth about 2 cents,
    today, maybe less, not that it matters. The value of an ounce of gold
    in 1913 was $18.32. Even at today's price, suppressed as is has been,
    that same ounce of gold is worth $1,340. The price of silver in 1913
    was $1.29 vs $22 today.

    Here is at least one right question you should be asking: Which would
    you rather own, a fiat piece of paper, or an ounce of gold or silver?

    The reason why gold and silver are not priced higher is not because of
    the true demand situation, or even the dwindling supply/default on
    physical delivery circumstances. The question hardly anyone is asking
    is why are central banks and their servant governments doing
    everything possible to preserve the soon to be devalued "dollar," more accurately, FRNs?

    Central bankers may currently be engaged in their own "death dance,"
    with increasing odds that their criminal banking scheme is being
    exposed for what it is and has been. Whether it is allegro or adagio,
    no one knows. For sure, Eastern countries are no longer tolerating the Western banking Ponzi scheme and are shunning the "dollar," forever.

    If the prices of gold and silver were allowed to reflect their true worth,
    it would totally undermine the existence of the "dollar" and topple
    central bankers and governments. Those bankers in control are not
    going to go down, [which they inevitably will], without a fight, and
    they will destroy existing western currencies in the process. If the
    paper "dollar" is how you measure your worth, you have been warned.

    We have been advocating buying and holding physical gold and silver,
    regardless of price
    for reasons such as the above. Anyone gambling
    on timing of the availability for buying physical gold and silver is playing a risky game and ignoring factual history supportive of owning either or both. Do so at your own peril.

    We have heard from esteemed sources that the COMEX/LBMA
    exchange pricing is a joke. That may be true, but it continues to
    work, and it may continue to work for longer than anyone expects.
    Some are measuring central banking gold/silver failure in months.
    It may last for years, still. No one knows the future, and those who have professed gold and silver reaching stratospheric heights have
    been wrong,
    for the most part, over the past few years.

    At this point, we turn to those "silly" charts because we know of no
    better substitute no matter how corrupt they may be. They are
    accurately telling everyone what they can expect to pay for the
    purchase of physical gold and silver. What we do not see in any
    of the charts are signs of panic from the bears. That can change nextmonth, but we are dealing with the present. Until there are definite
    signs of change, we reference the charts because of no viable

    Not a lot can be said about the weekly. The trend is down. It has
    weakened a little but has not changed. The past three weeks were an attempt to get the market lower that failed, at least for now. Last
    week's small range rally bar was relatively weak, but price managed to
    close on the higher end of the bar, a plus.

    GC W 28 Sep 13

    The same information is seen in greater detail on the daily. The effort to push price lower from six weeks ago was stopped, but the rally effort since has been somewhat weak. Gold needs to rally away from
    this little support area, or it could be challenged, again.

    GCZ D 28 Sep 13

    Price continues to hold above the gap higher rally bar, 7 weeks ago. It continues to be an important turning point for silver. The trend is
    down, but there has been no concerted effort to push it lower, as was seen in the Spring.

    SI W 28 Sep 13

    There is a slight positive aspect to the clustering of closes, but with
    the trend still down, the onus is on buyers to show control by moving price higher, soon.

    The futures have been difficult to trade, but buying physical gold and
    silver is a no-brainer

    SIZ 28 Sep 13

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