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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 - Rally Or No? War Or Not? Probably No For Both. 0 comments
    May 10, 2014 3:28 AM

    Saturday 10 May 2014

    The elites want war. Will they get war?

    In the past, it was a slam dunk. There was no nation strong enough to oppose the elite's weapons of mass destruction, aka debt and
    the US military. How things have changed. The failed Western
    banking system is way past its expiration date. All the elites horses
    and all the elites men can never put back this broken derivative
    mess again.

    War has always been the go-to tactic for the Rothschild-driven
    control-the-world-mentality. From the spawned chaos arising from
    their carefully chosen plan[s] for instigating war[s], not only would
    they ultimately prevail in their sick objective of manic control, they
    would make a ton of money and grow their operations even more.

    How have things changed?

    West v East. Get ready for a RRRUUUUMMMMBLE. In the West
    corner, representing a broken banking system, a democracy-gone-
    wild, turned Fascist, a spy-driven network of governments running
    on fiat exhaust fumes is none other than the elite-propped
    community-organizer-turned-teleprompter-reading US president,
    dispenser of unlimited amounts of fiat, lies, and elite evangelism,

    In the East corner, fresh from rebuilding a West-led breaking of its
    government is former KGB head, [a different kind of community
    organizer], President, Prime Minister and President again,
    accumulator of gold and lord over vast amounts of natural
    resources, deals made with China on promoting growth, and BRICS member, Vlaaaadimirrrr PUuuuutin.

    Previously, the elites have always remained unopposed. The days
    of ransack a nation, grab its gold and gain control of its paper
    currency are over. [Maybe not so much, given what the US-led
    insurgents did to Ukraine gold and financial holdings, both gone,
    never to be seen again.]

    Like any parasite that is allowed to go unchecked, it will eventually
    consume its host. The US has been consumed and its fiat carcass is
    going to be left for Third World dealings, but do not tell its US
    citizens. The elite-controlled US media has been silent on these
    kinds of nation-destroying events and wants to surprise everyone
    about their unacknowledged, decaying, Orwellian existence.

    Now, the East has been growing into a financial powerhouse, not
    without their own problems, but the Eastern nations have been
    tending to their growth areas, developing trade relations and
    cultivating their natural resources, migrating themselves into their
    BRICS alliance. In addition to BRICS, there are parts of Central and South America, those areas in Obama's backyard he has chosen to
    ignore and [mis]place his elite-dictated focus on "more important"
    areas for which he has no business in meddling, like Egypt, Libya,
    Syria, and now Ukraine.

    Why Ukraine, why now? [Not so]Simple. The elites have been
    miscalculating and misfiring their waning powers, still very much
    formidable, but nations are becoming less willing accomplices.
    Egypt, failed. Libya, a victory because Ghaddafi's gold was
    "repatriated" back to the NY Fed, albeit temporarily, because it
    eventually then made its way to Switzerland for recasting for its
    ultimate destination: China. Syria, another failure as Putin
    outmaneuvered and embarrassed the inexperienced and political
    lightweight Obama.

    The elites are running out of time and options, [the latter is not to
    be confused with the soon-to-be-morphing-into-a-death-spiral
    derivatives]. They are not stupid by any stretch of imagination, but they know a losing hand when they see one. The best the elites can
    hope for is to keep kicking the fiat time-bomb can down the road to let the next elite generation-D handle it. ["D" for Disaster]

    The world is watching the elite-inspired stick-poking of the Russian
    Bear Putin, as the West threatens Russia with its NATO-backing
    military might, [possibly fraying] and NATO nations [now
    questionably]backing that previously unfailing military trump card.
    Russia is a problem for survival of the Fascist New World Order
    dream, and it must be checked and weakened, at all costs. That is
    the purpose of interfering with Ukraine.

    Poland has allowed US military forces to operate in its country.
    Stupid Poland, but partially forgiven for its historically negative
    relations with Russia and Ukraine, but decidedly more with Russia.
    Poland's sovereign memory is still scarred by bloody and brutal
    wars. Western Ukraine used to be eastern Poland. The aftermath
    is, despite the devastating history between the two nations, and
    partly because of it, Poland and Ukraine have rekindled their
    mutual historic ties and bonds. Both dislike Russia, so Poland may
    stay in the NATO fold.

    The rest of Europe may not. Mention was made last week about the economic ties between much of Europe and Russia. [See Elites
    Want War. Front Man Obama Pushing Hard
    ]. Europe stands to
    suffer financially, economically and could be left out in the cold,
    literally, if Putin decides to say "Thank you" to Europe, a more
    polite way of using a four-letter word, instead, but the impact will
    be the same: no natural gas supplies or certainly at far higher
    costs. Putin to Europe: "You want the United States? You can have
    the United States."

    Putin learned that tactic from Obama when Obama lied to American citizens by saying, re ObamaCare: "You want your health
    insurance? You can keep your health insurance." Now, millions of
    Americans are without any health insurance. Take heed Europe.

    Germany could play a leadership role, or more of one were it not
    for Angela Merkel. There is growing unrest in Germany, a smart
    nation currently being led by a not so smart Chancellor, too slow
    in recognizing the shifting balance of powers that are increasingly
    against any U S Third Reich mentality. The German business
    community is not about to let their political leaders destroy that
    nation from within, as Reagan, Bush Clinton, Bush, and Obama
    have in the elite Fascist-entrenched US.

    As Germany goes, so goes the rest of Europe, and if Germany
    balks at taking a leadership role, which means severing its
    umbilical relations with the US, smaller nations will bolt to the
    BRICS side as a last resort move in a desperate attempt at self-
    sovereign preservation. In the end, Germany will likely turn to the East and forsake the insidious ways of the West. It is too great a
    nation to allow itself to become so marginalized by the US, even
    though it was the incubator for the Rothschild rise to world
    dominance and the genesis of all that is wrong in the world, today.

    The upshot is, for as hard as Obama has been beating the drums of war, sending over military troops, "advisors," and war ships, the
    tides of change may have left the US military threat real, but with
    less ability to follow through. Russia will be backed by China,
    India, and other nations building both gold reserves and a business
    infrastructure designed toward financial stability and growth. When
    you throw in the fact that the European nations may draw a
    financial and economic line they will not cross, the US will become
    totally isolated, save Poland and a few other sycophant nations that do not have any significant bearing, [hear that UK?].

    For these reasons, war may not be as looming as it appears should, as the German businessmen suggest, "common sense prevail."
    Based on the lack of PMs response to the ongoing potential for war, smart money does not seem overly concerned.

    The ever fraying Paper Tiger,[ironic that it comes from China,
    zhǐlǎohǔ (紙老虎)], may be meeting its Ukrainian Waterloo. Instead
    of being provoked into war, Putin is remaining in the background,
    knowing that IMF promised loans will wreck Western Ukraine, and
    that all Eastern eyes are watching the eventually disastrous
    outcome that will have the Ukrainians scrambling back into its
    Russian sphere.

    Like Iraq, Afghanistan, Egypt, Libya, wherever "democracy" is
    spread, like a plague, the results are a country left in ruin. Poor
    Ukrainian citizens for listening to the siren call of the Financial [We-
    will-gut-your-country] West, for it has already been faring poorly
    for them.

    If you have gold and silver, you have the best odds of surviving the impending collapse of the United States as we all know it. It will be
    sad for Americans, just as it is unfortunate for Ukrainians, Cypriots, Greeks, Irish, Spanish citizens, all suffering for the sins of their
    governments. All take pride in their national heritage. Our point is
    that national pride is separate and distinct from the governments
    that run [ruin] it for The People.

    The die is cast. The US dollar will die. Much of the rest of the world
    will move on and recover. The United States will not. Its de facto
    government has misled The People for well over 100 years. Few in
    the United States have any idea of what is to come. Some will be
    better prepared than most, and those who are better prepared are
    the owners of gold and silver.

    The purpose of this article, and recent ones on this topic, is how the prices for gold and silver will not by rallying significantly until the
    resolve of the devolving West plays out, or at least that of the
    increasingly dysfunctional de facto federal government, vastly
    different and distinct from the people living within the country.

    It is silly for anyone to lament over the higher prices paid for
    acquiring what gold and silver they have. Price is irrelevant. How
    many times must this be said? Each day brings us closer to the
    consequences of a Federal Reserve-dictated government that
    overspent and misled the world, not just its citizens.

    Those who choose to remain within the banking system do so at
    their own peril. Those who say, "What other choice do I have?"
    have chosen not to make an alternative one, for they are not
    willing to think for themselves. If they were to be a part of a herd
    mentality, which they are, and could see the herd heading for a cliff that leads to certain financial death, would seeing the inevitable
    results of not leaving the path of the herd prompt them to make a
    different choice, or would they continue to say, "What choice do I have, I am going to go over the cliff with everyone else."?

    Hard to understand people who choose not to choose.

    One choice that is essential is the ongoing purchase of the physical
    metals at these absurdly low prices, unlikely to be seen again for
    several generations to follow. We are all on the cusp of historical changes that will alter the geopolitical landscape for the next
    several decades. To be concerned about where price is for the
    physical makes little sense. What makes the most sense is to be
    amply prepared for what is certain to come.

    Our take on the charts for gold and silver:

    The monthly chart is just 1/3 of the way through, but it is always
    worth having awareness of it for context. There is still a lot that
    bulls must overcome once a low is confirmed. The comparison
    between the two most recent corrections is an interesting one. So
    far, price has not made much progress to the downside, especially
    after the sharp volume increase on the decline three weeks ago.
    The lack of any lower follow-through is worth noting.

    GC M 10 May 14

    There is symmetry between the monthly and weekly evidenced by
    price moving laterally over the past seven weeks. Except for a
    higher close, five weeks ago, there is a clustering of closes. This is
    the market engaging in a resting spell before continuing lower, or
    in preparation for a turn to go higher.

    What is important to realize is that one need not guess in which
    direction price will go, but, instead, be prepared for either event
    and follow the market once it declares its intent.

    GC W 10 May 14

    The daily provides greater detail but does not provide any
    definitive clue for the next directional move. The volume activity
    within the TR has a slight edge for buyers, but the weak effort of
    the last two TDs in a weak response to the wide range decline
    preceding, is not encouraging. Price could still rally, next week,
    but as developing market activity stands, price could as easily
    work lower.

    GC D 10 May 14

    The trend is down and in an area of support. The trend carries the
    greater weight. There is no evidence of strength in the silver
    market, at this time. It is a great opportunity to accumulate more physical at incredibly low, suppressed low prices., but that is all.

    SI M 10 May 14

    Lacking anything definitive for taking a long position in futures, it is
    worth mentioning that the more times a support or resistance area
    is tested, said support or resistance is weakened, and there is
    always the potential for another low in silver. In some ways, it
    makes sense for it would wipe out and demoralize a lot of longs,
    even physical holders who should not even care where the
    temporary price of silver is.

    This is not to say the either silver or gold could begin the early
    stages of a strong rally campaign, next week, next month, next
    year. Knowing when really does not matter if one is prepared for
    events as they unfold. The "WHEN" that eludes almost everyone
    will occur when price is ready to move, and not a day sooner.
    That is how markets work.

    SI W 10 May 14

    No matter how many times one looks, there is very little in the
    way of evidence that says silver is about ready to take off. Quite
    the contrary, for silver continues to make lower highs and lower
    lows. When it comes to what one would like to see happen, and
    what is actually happening, it is only the latter that counts.

    SI D 10 May 14

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