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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 - Let "Dollar" Collapse Or Choose War. Elites Will Opt For War. 0 comments
    Jun 7, 2014 3:46 AM

    Saturday 7 June 2014

    The world has never been in a position like this before, where all
    global currencies are fiat and dependent upon central banker
    power. The push for a New World Order is inexorable, and make no mistake, the monied elites are fully in control, or almost so. We
    maintain this is why so many in the Precious Metals community
    have miscalculated the timing for when gold and silver would take
    off to the upside, collapsing the Fed's fiat "dollar," or as a result
    thereof.

    Ukraine is truly the test where East meets West. It is the US-led
    coup that is a staging ground for an assault on Russia. Obama is
    leading the charge, once again, choosing the drums of war to get
    across the message that to challenge the supremacy of the "dollar"
    as the world's reserve currency, [as the ATM machine used by the
    elites to pillage the world's assets and remain in control], can have
    a serious outcome.

    From a rational perspective, it is more than difficult to make sense
    out of the Kabuki theater conducted by the elites, but the
    consequences for challenging their power structure could very well
    become a theater of war.

    On the surface, it appears that the East is almost in control of most
    of the world's supply of gold, while the West remains in control of
    gold's pricing mechanism, doing whatever it takes to preserve the
    fiat "dollar" as the world's reserve currency for international trade
    contracts. In addition to gaining control of physical gold, even
    setting up the Shanghai Gold Exchange, [SGE], as a more viable
    alternative to the literally "fixed' pricing of paper gold by COMEX and LBMA, the East is providing an alternative trade outside of the
    "dollar," and this has created a situation akin to the West as a
    dangerous cornered rat.

    We put " " around the word "dollar" because in law, fiat Federal
    Reserve Notes, [FRNs] are NOT actual dollars but commercial debt
    instruments. Debt cannot be money. It is the opposite of money,
    so FRNs are a total deceit on the world.

    The formation of the BRICS countries, seeking a better alternative
    for trade between nations, has been a natural outgrowth to by-pass the Western-controlled petrodollar. It has been the pluperfect
    implementation of the Rothschild formula for issuing a fiat currency and extracting the wealth of nations in return. The East, [BRICS
    nations and a growing list of others aligning with Brazil, Russia,
    India, China, and South Africa] has had its fill.

    Russia has been coming back as an economic powerhouse ever
    since the central bankers, led by the US, crippled their currency
    that led to the dissolve of the USSR. China has become the 1,000
    pound gorilla on the world's economic stage. China was double-
    crossed by the US during the Clinton administration when the
    Chinese found out that all their gold that had been entrusted to the
    Federal Reserve had been sold out behind their backs. The central
    banking elites never anticipated its total control of the world's
    financial system would one day be challenged, as it is now, by both
    China and Russia.

    There is not much the US can do against China due to the high
    amount of Treasury bonds China owns. China could easily dump
    them on the world market and financially ruin the US, along with
    the rest of the Western world. The reason why China has not done
    so is because there is no alternative system that can readily
    replace the corrupt central bank control via Basil, World Bank, and
    the IMF. The BRICS nations are closer to setting up their own
    alternative banking system, but more time is required.

    We cannot speak for how UK and the EU are viewing the US-led
    coup of Ukraine, but in America, War Lord Obama has been selling
    the situation as Russia trying to take over Ukraine, Soviet style, as
    it did Hungary and a few other nations. The US media refuses to
    report the truth that the coup in Ukraine was financed and led by Obama-as-puppet-for-the-elites in an endeavor to weaken, and
    ultimately destroy Russia.

    The US has troops and/or military bases in over 185 nations. The US has been engaged in, or covertly initiated just about every war
    on the planet for 218 of its 238 years of existence. The US has been steadily encircling Russia, via NATO, for decades, with missiles
    pointed at that country. It may come as a surprise for Americans
    to learn that the US also have soldiers in former parts of the USSR: Moldova, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan,
    and now, Ukraine.

    Russia has none of its troops or missiles in any other country, by
    contrast. Rest assured that Obama intends to get missiles into
    Ukraine, if at all possible. Obama lies to American citizens, and the
    world, about Ukraine every time he moves his lips, blaming Russia
    for the US-led coup.

    The US spending on defense is greater than all other nations'
    spending combined. Russia spends around 5% on its defense
    budget compared to the US, yet Obama has been selling how much a threat Russia is to the United States, and its citizens are buying
    into the Obama propaganda, abetted by the controlled mainstream media. Almost 70% of US citizens think Russia is a serious threat to this country.

    Unlike NATO bases surrounding Russia, a promise the US made not
    to let happen, but has obviously broken it, Russia has no missiles in Canada, Mexico, Central America, or elsewhere. Lest anyone
    forget how crazy the US became when it discovered there were
    Russian missiles in Cuba, precipitating the Cuban Missile Crises in
    1962, and Cuba remains ostracized to this day.

    This is what Obama said in a recent speech given at West Point:
    "Here's my bottom line: America must always lead on the world
    stage. If we don't, no one else will." Also adding: "Russia's
    aggression toward former Soviet states unnerves capitals in
    Europe, while China's economic rise and military reach worries
    its neighbors. From Brazil to India, rising middle classes compete
    with us."

    Say what?! Who left the US in control of the world stage? Nobody.
    Where is Russia's aggression? Ukraine has been linked in some way
    with Russia since the late 18th century. What business has the
    Obama-led US being over there for any reason? Aggression? How
    about this: On May 1st, Christine Lagarde, head of the IMF, [It is
    the US that controls the IMF] told Ukraine that if they didn't crush
    the coup's opponents and force them into being controlled by the
    new Kiev central government, then the IMF would not make any
    further loans to Ukraine. It was the next day in Odessa that 272
    coup-regime opponents were incenerated in the Trade Unions
    Building.

    The US controlled, IMF-inspired threat to cut off funding led to the
    above massacre which sends the following message to anti-US
    interests there: "Support us or die." This is very much a part of the
    Rothschild formula for installing its New World Order. "Do as we
    say, or you will be crushed," in essence.

    Why report all of this, and why should it be of any interest to you
    with your own interest in gold and silver prices? These are factors
    that keep the price of both metals suppressed as the US-led central bankers are doing anything and everything to prop up the
    "dollar."Gold and silver are the antithesis of every fiat currency.
    Destroy the currency and you destroy the US, UK, and EU
    economies. Expect the elites to fight to the death, if needed, and
    quite possibly come out ahead in some unexpected way.

    These are not the only events that relate to the why and the when
    for pricing both metals, for the when prices may go higher could
    well pivot around Germany. At a minimum, this country bears
    watching. We are not familiar with the political structure of
    Germany, as we are with how the elites wormed their way into the
    constitutional Republic of the United States, which no longer exists,
    thanks to the Rothschild-unleashed, financially destructive central
    banking empire.

    We know that when Hitler and Nazis were defeated, Germany was
    restructured by the elites to become a part of the central banking
    system. In the US, corporations are an integral part of the fascist
    style of government, and totally under control of the elites.
    Whether that holds true for Germany is unknown, for us. It is clear
    that the businesses [around 3,000 of them], that are affected by
    the Obama-driven Russian sanctions are not happy to have their
    financial viability with the Russian jeopardized.

    Can the business sector win over the central banking stranglehold?
    Interestingly, there is a Yuan Swap Facility opening in Frankfurt as
    that city vies for an important piece of Chinese business, trying to
    co-opt London, if it can. Smart German business interests are likely to turn East, not for financial survival, but to thrive as an astute
    business country. As Germany goes, so, too, will the rest of
    Europe, and the US will become the financial piranha it strives to
    be. Pay close attention to this important nation.

    Another thought comes to mind, re Germany being under the
    thumb of the financial elites. It is also possible that the elites are
    allowing this potential sway from a staunch Western game player
    to an important Eastern business factor. The elites are astute
    planners, and this could be their way of planning ahead by getting
    Germany involved in the inevitable rise of East v the equally
    inevitable decline of the West, much like a sleeper nation while
    they continue retain control behind the scenes. This makes sense.

    Gold and silver are likely to remain locked in their protracted
    bottoming phase, now in its third year. When will they break free
    of the central banker's manipulative shackles? It seems more later
    than sooner, still. This outlook can change next week, next month,
    next year. All we can do is assess the present tense and deal with
    what is and not what anyone wants "is" to be.

    All opinions and conjecture aside, the most accurate gauge for
    determining what is likely to occur in any market comes from
    information provided by the market itself. What the current activity shows for weekly gold is the absolute absence of any sign[s] of a
    turnaround.

    Price dropped on an increase in volume 2 weeks ago, declining
    from a small sideways move that could have gone either way. It
    went the way of the prevailing trend, an example of what to expect from market behavior when a trend exists.

    The exceptionally small TR of last week does not provide a strong
    clue, either way. Given that the trend is down, the small range
    says buyers were so weak to not extend the range higher. On the
    other hand, sellers have the advantage but did nothing to press the market lower. This is not a toss-up observation because in a down
    trend, sellers have already proven control. It is the buyers who
    must show a change. The small range probability read goes to the
    sellers for this reason. Buyers may show up next week, but next
    week has not yet happened, so we deal with what is known.

    GC W 7 Jun 14

    The small range noted on the weekly shows all daily activity was
    contained by the previous Friday's bar range. The chart comments
    explain the two possibilities, with sellers having the edge to send
    price lower. That can only change if buyers show up, next week.

    With world events developing as they are, mostly not making any
    sense, especially from an economic reporting perspective, there is
    no question that one should actively continue to buy physical gold
    and personally hold it. If you do not hold it, you likely will never
    own it. Paper ownership is only for the foolhardy.

    GC D 7 Jun 14

    The August '13 swing high was also a LH, not labeled as such on the chart. As with gold, there is a distinct absence of any ending action
    that could or would lead to any kind of lasting rally. This is why we
    mentioned last year that it would take longer than most are
    expecting to see a rally in the PMs. That was mentioned again in
    mid-April with our article that 2014 could be a yawner, here, if you
    missed it.

    It takes time to turn any trending market around, and neither
    silver nor gold have given any indication that a definitive bottom
    has been reached. All of the talk of shortages, likely exchange
    defaults on deliveries, [no deliveries are occurring, so a default has already occurred], unsatiated demand from China and elsewhere
    have done nothing to turn the PMs around.

    This is why we stress the importance of watching current
    developing market activity. One does not need to know or
    understand all the fundamentals, and one does not need to read or
    interpret any kind of mechanical trading tool, like RSI, Stochastics,
    Moving Averages, Elliott Wave, whatever, etc, etc. They are all
    past tense aggregated information applied on present tense price
    information, "hoping" to divine yet-to-happen future price
    behavior. Good luck with that.

    SI W 7 Jun14

    Same story for the daily chart of silver. Where are the buyers?
    Absent. Until they show up, in the form of increased price and
    volume that rallies above resistance, expect sellers to remain
    in control, manipulated or otherwise.

    As with gold, one has to be buying physical silver at these levels.
    This is the "last hurrah" for sellers of every kind. It may be weeks,
    months, or even longer before price levels go much higher than
    where they now are, but once they do, there will be no looking
    back, and buying the physical metal may not be so easy. Be smart
    and buy physical silver. Do not be in doubt.

    SI D 7 Jun 14

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