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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 Bankers [Forced] Bowing To China 1 comment
    Oct 11, 2013 11:57 PM

    Saturday 12 October 2013

    On Friday morning, gold trading was shut down for 10 seconds in a
    "stop logic" event, as the CME explains. In essence, when there is an overload of orders that cleans out stops, the market halts,
    [10 seconds???] "designed to prevent exaggerated price
    movements." In a sorry-ass explanation that defies common sense,
    except to protect the criminal exchange behavior, we give this CME
    propaganda no further consideration.

    Here it is in picture format on a 1 minute chart.

    GC 1m 11 Oct 13

    Who would do such a thing?

    "Someone" sold 2 million oz of paper contracts at one time. There
    does not seem to be much interest by the exchange, and none by
    Himpton Holder as to who was [ir]responsible for what would be
    considered an act of terrorism were it against the FX "dollar" or Fed-
    driven stock market.

    Smart money does what it can to hide its accumulation, when in a
    buying campaign, or distribution when engaged in a selling campaign.
    Smart money would not do such a thing.

    A prudent investor employs capital preservation tools and would not do such a thing.

    The average trader is too poor to own 2,000,000 oz of gold so could
    not do such a thing. No liquidation margin call, here.

    What about dumb money?

    Who represents dumb money? Why central bankers, of course, and
    they are on a suicide mission to destroy the financial economy in order to save their fiat [out of]control.

    Guess which country is the largest holder of toxic and worthless US
    Treasury Bonds?


    China is still pissed at the U S government for selling out China's gold,
    [on loan, but sold out from under them, anyway], back in the 1990s.
    As the holder of over a $trillion in US T-Bonds that are proving
    worthless, China is a Tiger getting rid of that paper.

    This commentary is a partial answer to the manipulated raids in the
    gold market since last April. Those raids may be hurting the Precious
    Metals, [PM] game players, weakening their confidence and
    "disproving" gold's worth against a fiat currency, but they serve a
    greater purpose, as in Federal Reserve payback time to China.

    Few will ever know the true picture, but here is a plausible scenario.
    It is a generally held view that central bankers have emptied their
    vaults of all their gold, and not just their own holdings. Through
    hypothecation, rehypothecation, and who knows what more, central
    bankers have also sold every other country's gold on loan. German
    gold: Kaput! Allocated gold from wealthy private holders: Gone! [No!
    You cannot see your gold that we hold for you in our bank.] [We
    stole it.] Where did it all go? Shipped East.

    What about all that sovereign and private allocated gold that has
    numbers on each bar? So sorry. It was melted down, [accidents do
    happen], and remolded into bars and shipped to China. Why do you
    keep asking these unnecessary questions?

    So why the manipulated gold raids?

    It is a way to get the price of gold lower as a favor to the Chinese
    who are doing almost all of the buying to compensate for the worth
    less and less Treasury Bonds they are holding. If the central bank Fed
    does this for them, the Chinese will not dump all their holdings and
    cause the Western banking system to collapse. Instead, the greedy-
    but-dumb central bank Fed will cause the collapse of the US Federal
    Reserve Note, [also incorrectly called the "dollar," along with the rest
    of the US economy, but at a relatively slower pace.

    Forget about all these stories of long lines to buy gold, record sales in
    coin purchases, a pittance in comparison to the thousands of tonnes
    Chine, Russia, and a few others are buying at lower and lower prices,
    courtesy of the deceiving Fed, caught with its goldenless pants down.
    The game is up, and the Fed has chosen a slower death dance by
    increased money printing and QE-ScrewYou4Ever antics to buy time.

    What does this mean for you? Got gold? Got silver? If not, you got

    All paper-dominated "things," for we cannot call them assets, except in the minds of the holders, have little to no intrinsic "value." Despite the detractors who always to say gold and silver are not forms of wealth,
    both PMs are immune from government fiat dictates. Gold and silver
    are the equivalent of a wooden stake to drive into the central banker's fiat heart, if they had one.

    It is gold and silver that is the nemesis of all central bankers, for PMs
    would break the fiat paper back of their control. Why do you think the Federal Reserve was created 100 years ago by the New World Order?
    To get rid of the gold/silver specie backing of United States Notes and
    replaced with no-backing-whatsoever Federal Reserve Notes, as the
    means for stealing the entire wealth of the United States, forcing the
    country into bankruptcy in 1933, and turning the US into the Third
    World-rate country it has become.

    Each and every week we advocate buying physical gold and silver, at
    Just get it and hold it personally. Buying physical PMs is
    not an investment; they are necessary for your survival. Their
    ownership is the only way to avoid total bank/government control.
    The problem with land it that is not portable, and it can be more easily confiscated than gold and silver. They are the best means of
    preserving that which is yours. They are an insulation from bank bail-
    ins, [Why anyone still keeps money in any bank is a mystery.]

    The gold and silver that you own and hold will escape the likely
    conversion of pension accounts, 401ks, etc, to be "taken," as in theft,
    by the government, for your own good, of course, and converted into
    [worthless] government bonds.

    You have a choice: Do you want to have your life run by a private
    banking cartel, [which the foreign-owned Federal Reserve is], and in
    turn, federal government sponsored, [which is controlled by the
    foreign-owned Federal Reserve], or...

    Do you want to control your own life and financial destiny? The
    choice is yours. Your self-liberation is simply choosing to buy and hold as much gold and silver as you can. You have no third-party counter-
    risk. There is no debasement - an ounce of gold or silver is the same
    as it was for the past 4,782 years. [Why always 5,000 years?]

    You are an eye-witness to the Western banking cartel's self-

    As always, we provide a chart or two that shows there is no panic
    that the decline in PMs has run it course and will run higher. One more thing: just as you see these waterfall drops in price, there will come a day when that effect will reverse, and those who waited "for the right
    time or a better price," will be left holding their worth-considerably-less

    There is no evidence of a turnaround on the daily. Gold closed at a
    support level, labeled as "important," but it is what it is, and we get to deal with its breach or holding. For now, it is holding tenuously. That
    price is holding well above the lower reverse trend line is a plus.

    Support is an area, and not just a single price, so as long as gold holds support +/- either way is all that matters. Volume increased on a wide range bar and lower close. Every part of that supports sellers in
    control. Results will confirm or reject that, next week, and by waiting
    for the market to make that determination, there is no reason to buy

    GCZ D 12 Oct 13

    Silver held above its last swing low where gold did not. The gap
    support remains intact, but not in gold. There is also a potential
    higher swing low. If it holds, and silver can rally above 22.50, the
    daily trend will turn back up from a key price level.

    Keep buying as much physical as you can, and hold it personally.
    Plus, do not tell anyone.

    SIZ D 12 Oct 13

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Comments (1)
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  • winnachickendinna
    , contributor
    Comments (34) | Send Message
    I'm surprised SLW hasn't split yet. One half gold and another half silver. The news alone woild drive the stock up 10% the first day lol.
    12 Oct 2013, 12:37 AM Reply Like
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