edgetraderplus'  Instablog

Send Message
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
My company:
My blog:
  • Gold And Silver - Sharply Higher Prices? Be Careful What You Wish For. 0 comments
    Dec 28, 2013 2:41 PM

    Saturday 28 December 2013

    2013 comes to an end, and with it all those calls for gold and silver to
    be at much higher price levels. What will 2014 bring? More and more
    renewed calls for much higher price levels. Will 2014 be the year?

    It is a possibility, but as the expression goes, "Be careful of what you
    wish for." So many who expect gold to exceed $3,000, even $10, 000,
    while for silver $100 and higher, but what are the expectations for
    how circumstances will be with PM at the higher end?

    Do you believe your 100 ounces or 1,000 ounces of gold, and/or your
    1,000 ounces or 10,000 ounces of silver will have increased your
    wealth, as you have been anticipating during the accumulation process,
    and everything else will be relatively the same, except your increased
    good fortune?

    Be careful what you wish for. Things that change, apart from increased PM prices, may be far different from what you may think or have not
    thought through. One of the strong possibilities will be more war; if not
    a major one, then smaller civil wars disrupting life in the Western world
    as we know it.

    The strongest predictor of future behavior is past behavior, and we
    know for certain is that starting another major war can be expected
    as a means of deflecting governmental instability. It always seems to start from some unrelated event, but the event is always calculated to
    being about the desired results: war. They are profitable for the
    controlling moneychangers, and they redirect the attention of the
    masses from the hardships of a [carefully orchestrated] resultant war.

    Another certainty will be the relentless loss of personal freedoms, a
    throw-back to the Stasi days in East Germany, except it will be in your own neighborhood. The USA is much more like the USSA, and personal federal government will be in total control, monitoring the daily life of
    everyone 24/7.

    If you have gold and or silver, and you want to use it, the question
    might be how? What happens if the powers that be have outlawed
    transactions in anything other than the State-sanctioned digital "currency" in which every transaction must contain your photo ID,
    address, and some form of "official approval" before completion?

    Your 1 ounce gold coin is worth $10,000, but you just want to buy
    some food. Okay, your 1 ounce silver coin is worth $200, a more
    manageable situation. If what you want costs less than $200, what
    would you accept in return as "change?" Can you trust the person on
    the other side of the transaction not to turn you in to the authorities?
    Do you run the risk of alerting authorities to the fact that you have gold and/or silver, which now has you under a more intense surveillance
    from then on?

    Beyond what is already known about ongoing world events, there are
    two primary wars of which few are aware. One began around 1770,
    and the other is currently being waged by the East v the West, as the
    West struggles for survival. We will endeavor to address the latter
    one, next week.

    To understand the first, we are providing a link that was sent to us from one of our readers. We have made several mentions of the Rothschilds, the New World Order, the elites, the moneychangers, et al. They are
    real, and their impact on your life may have gone unnoticed, at least
    directly, as has always been their intent. We strongly urge you to read
    the entire article. It is the most comprehensive abbreviated version
    that gives a full account of how one man has changed the direction of
    the world, and irretrievably for the worse.

    Not many Americans could explain what a dollar is if their life depended on it. We keep saying a dollar is not a Federal Reserve Note, or a
    Federal Reserve Note is not a dollar. Yet, the elites, through their
    installed Federal Reserve, would have everyone believe otherwise.
    See Gold - A Suppressed Market Remains Suppressed, But For How
    , paragraphs 10 through 16, for a brief discussion on the subject
    as an example of how the illuminati work behind the scenes, carefully
    directing everything.

    This information is not presented as the definitive explanation for
    events as they are today, but it is closer to the truth of which most
    are unaware. Read it. Understand it. Share it with your friends. Knowledge of what the illuminati are doing is essential for personal
    and economical survival.

    We cannot speak for Europe, but the existence of the Euro Zone is a
    huge red flag. For sure, we are familiar with the de facto federal
    government that has been in total control of the United States since the 1933 bankruptcy, and even as extensively leading up to that
    culminating event. The Rothschild formula, as carried out by the illuminati is very real.

    Here is the link for an ultra macro look at the world, followed by some
    charts for a micro look at gold and silver.

    There is little from last week that has altered the picture for the down
    trend in gold. The small range for the week is difficult to read. The
    close on the upper end of the range tells us buyers won the battle, last
    week, but the lack of further upside direction also says the rally effort
    was weak. With the holiday, it may not be worth trying to read much
    into it.

    GC W 28 Dec 13

    The last six bars suggests the probability for at least a nominal lower
    low if greater than not. The rally effort of the last 5 trading days is
    labored when compared to the ease of downward movement for the
    6th bar.

    Of the three green rally bars, designated by a higher close from the
    previous day, the most volume was on the last one, and the close was
    mid-range. This tells us that sellers were meeting the effort of buyers
    and even stopping the buyers. Odds favor further decline into next
    week. Whatever the market does, the trend has not yet reversed.

    GC D 28 Dec 13

    The support area for silver is holding relatively better than that for gold, but the trend is still down.

    SI W 28 Dec 13

    While it can be viewed more as a positive that daily silver has formed a
    trading range, [TR] instead of going lower, TRs do not provide much
    useful information as they form.

    SI D 28 Dec 13

Back To edgetraderplus' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.