edgetraderplus'  Instablog

Saturday 6 April 2013

Charts do not lie. There are a slew of highly respected PMs "gurus"
with extensive followings. None we know of have been on target in the past year. Not only are the trends still down, prices made new recent
lows, again, within the trading range, but nowhere near the "prices will reach levels you cannot believe" area. [Insert your own expectation or belief]

We have been advocating the purchase of physical gold and silver,
consistently and at any price. The point is not to "make money," but
to preserve and/or create wealth.

The purpose in buying, and personally holding, physical PMs is viewed
much like that of essential needs, like shelter, as an example. You buy
a house to satisfy a need for shelter. Timing is not the most critical
factor because it is the security and comfort of ownership that
matters most. Once that need is taken care of, it becomes less
important if the value declines because it is a necessity, not something that is traded like baseball cards.

There will come a time, and based on current charts no one knows
when, that prices for PMs will become prohibitive and/or governments
will do what they can to inhibit [steal] ownership, maybe even making
it criminal to own or use in transactions.

It does not matter if the markets are manipulated and kept artificially
low. The one thing that is certain is, prices are low! Comex and London are currently the only measures for price in gold and silver. Does it
matter that there is a higher premium for larger purchases from
nations, like Russia, China, and India paying closer to $2,000 the ounce for gold? No. Those countries are buying by the tonne and unable to
buy large quantities for less. Their purchases may be a more accurate reflection for the "real" price of gold, and if that were true, you are
looking at discounted prices, "blue plate specials."

For the man or woman on the street, as it were, it may be harder to
get delivery of 1,000 oz bars of silver, or 100 oz bars of gold, but they
can be had. The fact that there are delays in the relatively smaller
quantities is a sign that one had better "get" while the getting is good.
Smaller purchases of rolls or individual coins are okay, but premiums
are increasing, and there have been a few spotty problems on
availability.

As to the futures, we have been guarded throughout, making some
profitable trades and some unprofitable ones, but not with any degree
of risk exposure because the trends have been down. Along with
recommending to buy the physical, we have also been consistent
in not recommending the buying of futures.

The gurus may make for interesting reading with piles and piles of
statistics. Western countries are creating infinite amounts of fiat in
desperate attempts to cover their lies and confiscation of wealth via
inflation, [the insidious hidden results increased fiat creates, the
transfer of wealth to governments which is far worse than the outright theft as occurred in Cyprus]. All these compiled "fundamentals" are
known factors by everyone. If they are true, and no sane person
believes they are not, then why aren't gold and silver trading at much
higher prices? Why are gold and silver back to trading range lows?

The fiat creators, the manipulators control price. If that were not true, PMs would be a lot higher in price just on an inflation-adjusted basis
alone! Almost everyone, outside of the "insiders," is and has been
under-estimating the staying power of those in power. They will not
give up control. They will resort to any means [now shockingly]
possible.

If you still think your money is safe in any bank, well, we cannot think
of anything to say. Enjoy whatever returns your money may be
getting, but just do not be surprised of not getting your money
returned, at all. What current world financial news is proving beyond
a doubt is, "Anything can happen," and what happens will not be good.

One more time! Buy physical gold and silver, as best you can, and hold it personally, [and obviously responsibly].

Here is another look at the "manipulated charts," [we do not know of a better source], to see how developing market activity is "developing,"
under the circumstances. With "guru" estimates very high, and prices
currently relatively low, the charts remain the most reliable
barometer, for obviously, they do not lie, whatever may be the lies
behind them.

No conclusion drawn about the current trading month for it has just
begun, and no one knows how/where it will end. The chart comments
need not be repeated, but the labored decline since the last swing
high is a message from the market...just not fully played out.

The primary trend remains up, but its current correction keeps price
range-bound, net a positive trend sign.

It is almost impossible not to have "sentiments" for much higher prices, giving the messy financial circumstances created by Western
governments, and almost entirely by those who are unelected
"officials" calling all the shots. We say this because of our ultimately
bullish bias for the PMs, yet maintaining a respectfully pragmatic
approach to the futures.

The lack of buyer ability to get anywhere near the upper channel line,
arrow 2, is a sign of weakness. While price is back near the lows of
the TR, we continue to look for positive signs of a turnaround, even
though none have been confirmed.

The failed probe lower could be a potential turning point. Stress is
place on the adjective "potential," for until it is confirmed it remains
only that, and odds are against it, until it gets confirmed. This is more
reading developing market activity, as it currently stands, for it could
change for the worse, next week, but we like where this otherwise
bullish pattern is occurring, at an area of support. There are zero
indications to act upon it, but it does bear watching as potential
support.

Here is a closer "read" of developing market activity. The trend is
down, and the bearish spacing is just that, bearish. The three points
made on the chart are indisputable facts. You can have a contrary
opinion, but opinions are not facts, no matter how strongly held.

The "observations" are facts, but their implications are more of an
opinion, however "reasoned"

One cannot help but note that the last bar on the chart just erased
two strong decline days. What happened to the sellers? They are in
charge in a down trend. This kind of activity is contrary to sellers
being in control. In fact, at least this part, buyers were able to
overcome the seller's efforts based on the wider of the last 3 bars
being a rally with a strong close, erasing the higher volume effort from
the previous two days of selling.

In actuality, those two "sell" days could well be smart money buying, in the form of short-covering, as weak longs bailed out at the recent new lows, which is why Friday showed an "easier" time rallying. This is not
sufficient reason for trading from the long side in the futures markets,
but just an indication from which to be alert.

Buying against the trend, and at new recent lows, is poor decision-
making, with no edge.

While no conclusion can be drawn from the monthly chart, the level of volume at this early stage draws attention. Increased volume is a sign
of increased effort from both buyers and sellers. Markets have a high-
degree of logic to them, and logic tells us that the volume effort, while equal, favors buyers who are demonstrating an ability to keep sellers
from driving price lower at an area in trend when it is to their
advantage.

We keep saying buying, but the form of buying is likely short-covering and not new net long buyers entering. It may develop that way, but
that kind of development takes time to turn a market around.

There are similar facts on the silver chart, as was discussed in gold.
The volume activity of the last three bars is also similar. The caveat
for silver, [not mentioned for gold, but to a lesser extent is also
applicable], is the 4th bar from the end. It is a wide-range lower bar
with a weak close, and it resulted in a break lower out of the trading
range. The equivalent bar in gold was still within the TR.

In both instances, that 4th bar showing EDM, [Ease of Downward
Movement], will act as resistance on rally attempts. Watch how far
price can rally, [or not] into it to get a read on whether silver will see
more rally attempts, moving forward. As a rule, one should never buy
the first rally from a low area. There are no reason to buy futures, yet.

Friday 29 March 2013

Cyprus is a trial balloon for the NWO, taking a small country that can
more easily be controlled, putting the financial screws to bank
depositors and then watching how it all unfolds, creating a playbook
for future bank raids. How did the people react? Where will we need to deploy armed police or military? Did keeping the banks closed for a
longer period of time force an adjustment of inevitability/acceptance?
How much more can we get away with from this learning process?

If anyone thinks this were a one-time, knee-jerk response, the Bank of Cyprus is offering a free toaster for new deposits as a reminder that
your money will be toast. Just two weeks prior to this new form of
stealing, the Cyprus banks were given a total pass on stress tests
from the same unelected banking officials who all of a sudden
determined these banks were now unsound, and drastic measures were needed to save it from drowning in debt. Those drastic measures?
Issuing even more debt, of course. Either accept our terms or we will
bury you, say the ECB, EU, IMF, and a special shout-out from Germany.

In our last article, we used the term, "Bankers Gone Wild." It was a bit
tongue-in-cheek, but nothing could be more apt. "Give me control of a nation's money, and I care not who makes its laws." It was over 200
years ago when Mayer Amschel Rothschild boldly made that statement, and the international banking cartel has been perfecting their financial
controls ever since.

What this tells you is that your money is no longer safe in any financial institution, in any country. The banking cartel smells new blood, easy
prey: direct confiscation of deposits. What everyone now knows, or
should, is that all money deposited into a bank becomes an unsecured
loan. This is the earliest warning you will ever receive. You no longer
control or own your money, once you deposit it into the hands of
financial hyenas.

We cannot repeat often enough to buy physical gold and silver, and
more, you must hold it yourself. Why? Last week, we posted a short,
but significant article about someone's safe deposit box raided by the
CIA, and two dozen gold Krugerrands were confiscated. Which is more
surprising, a confiscation of bank depositors funds, in a foreign
country, or a raid of a safe deposit box, right here in this country?
Think it cannot/will not happen here?
[Short article, http://bit.ly/13EVbAQ ]

The stakes just got higher, in more ways than most are aware, and
they will continue to ratchet higher with each passing week. The time
frames are shrinking. Do not allow yourself to get lulled into
complacency. It is up to everyone to make their own choice[s],
[choosing not to choose is a choice], and there is now concrete
evidence of how choices will be made for those who make none to
protect themselves.

IF YOU DO NOT HOLD, YOU DO NOT OWN IT! You can now remove the
word "safe" from safe deposit box.

It no longer matters what price you pay to buy physical gold and
silver, and current "gift" prices cannot last by virtue of Western
bankers' destruction of all currencies under their control. The hidden
price for not directly owning gold and silver just went up, and it will
not stop, at least not in a non-painful way. Central bankers have their
thieving backs to the wall, and they will stop at nothing, nothing to
control everyone and everyone's money. Here is another article on
clamping down in Viet Nam, where gold has been too popular.
[Viet Nam, Gold, And Central Bankers, http://bit.ly/YlcjHC , just for
background].

The best defense is a strong offense. All central bank financial
institutions have been making a very clear statement through actions
taken against depositors, of every kind. Once more, buy as much
physical gold and silver as you can. Weigh that action against the
inaction of leaving funds on deposit that are subject to bankers' whim,
all in the service of saving the same financial system that brought on
the coming financial collapse.

There are 1,001 opinions on what is going on in the gold/silver
markets. The one that counts the most comes from the market itself.

Here is a look at what the charts say as to what is going on via public
exchanges. The 1st Q just ended. We include this chart because the
higher time frames are more controlling and indicative of price
direction. The last two Qtrs have retraced almost all of the 3rd rally
bar from the end. Take note and compare it when you get to the silver Qrtly chart.

Looking at this chart, in isolation, the small range for March just ended says it was a very weak rally effort on increased volume. When
compared to the silver monthly chart, we see it differently.

Bars 6 and 7, from the end, are wider ranges compared to the last 5
bars, and attempts to rally higher have been more difficult. In a
lengthy sideways trading range, [TR], a down channel within it, and
price near the low of the range, the burden of proving an up market
rests with the buyers, a burden they are not meeting.

One small ray of hope for buyers is that fact that in an oversold
condition, [the arrow], price could not reach the lower level of the TR.
Why not, in such a weakened condition? A small red flag against
sellers' efforts.

There is no getting around the observable fact that price is in a down
trend. The labored rally effort was stated, but also note that the last
13 trading days is on top of a prior trading range at the beginning of
March. When one trading range is above a previous TR, it makes a
bullish statement, or at least a small one, here.

Three bars ago was a strong rally in silver. The last two Quarterly bars did not fully retrace the rally bar, unlike the activity in gold, mentioned when viewing that chart. We have been maintaining that silver is
relatively strong than gold, and here is an example of why, based on
observable performance.

The low-end close on the bar says to expect at least a nominal lower
low next Qtr.

The EUM, [Ease of Upward Movement], was greater in August and September 2012 than the decline of six overlapping bars to the
downside, culminating in the smallest range in over three years. The
small range tells us neither sellers nor buyers were able to take
control at an area where sellers are, or have been, in control.

The inability of sellers to extend the range lower in March, and the
fact that they have had a harder time pushing price lower, gives an
edge to buyers who must now prove that they can take over, and this is why we saw the monthly gold chart as less negative than it would
otherwise seem. Keep in mind there is still no evidence of a turnaround
in either metal.

Just as we observed how there was one TR on top of another on the
daily gold chart, we see a 6 week TR on top of one way back in July and August 2012. The clustering of closes tells us sellers have been
unable to take advantage of what appears to be weak demand, and
the cluster can act as a potential turnaround in price behavior. As with all potential, it needs to be proven, in this case by higher prices.

Chart comments summarize the daily. The dark horizontal line can be
viewed as a pivot line, support on the left side and now resistance on
the right. We can make a case for a rally from current levels, but it
would have to demonstrate wider ranges up on increased volume and
continued high-end closes. Even with that, there is still substantial
overhead resistance that must be over come, and rest assured that
central bankers will not give up their grip on these markets, unless
forced to do so. We see nothing in that manner, yet.

We are now seeing events unfolding that scream, Buy Physical Gold And Silver, much more than the charts are currently indicating, and it
is precisely these events that will eventually be reflected in
substantially higher prices on the charts. Take heed.

Saturday 23 March 2013

It used to be that March Madness was about the best basketball atthe college level. Now it is about "Bankers Gone Wild!" If Cyprus is not the final nail in the coffin for trust in bankers, then you should put all
your available funds into a bank, maybe even the Bank of Cyprus.
March of 2013 did not just send a shot across the bow, the
Emperors of the banking elite just sent a direct hit to any depositors
dumb enough to keep any funds in any financial institution.

Can this be any clearer?

The non-elected banking elite, the EU, the IMF, pick your own
acronym, all of these unelected officials are telling sovereign nations
how to conduct the operations within the sovereign's business, and
the business to be conducted is that of fleecing people. There is no
longer even the slightest pretense that laws apply to bankers, for they do not. Angel Merkel is so pissed at Cyprus for daring to not "go along
to get along" that she is telling Cyprus what is expected of that island
nation.

Whatever happened to the inferior positioned bondholders? Why are
they not having to pay up, ahead of the most secured in status
depositors. Ahhhhh....the bondholders are the bankers, holding
worthless bonds, and they are not about to take a loss for their
own financial misdeeds.

The world is suffering a financial crises, brought about by "Bankers
Gone Wild" issuing a slew of worthless bonds and these-do-not-make-
any-sense-but-are-so-profitable derivatives; their reckless, un-
banking-like behavior is being exposed for the fraud it always has
been, and now the financial evil-doers are delivering all the losses
to the weakest link: The People.

Save the banking institutions at all costs! [And naturally, with no
risks.]

What does this have to do with gold and silver? Everything!

On 17 March, we wrote an article, "Can What Happened In Cyprus
Happen Here? It Already Has!," [Click on http://bit.ly/ZcIUhI, to view
it]. Mention was made that when you deposit money into a bank, it
becomes the bank's property. You actually made a "loan" to the bank.
While the EU/IMF/Germany placed demands on Cypriot banks to
"tax," ["confiscate" would be more apt], depositors funds, Wall Street
and the Federal Reserve have already been fleecing ALL people in the
US, not just depositors.

There was MF Global, barely two years ago, the S&L scandal from the
1980s, we forgot to mention REFCO from 2005, and currently,
Pinocchio Ben has been fleecing bank depositors, pensioners, and all
retirees with Zero % interest rates that gives no-cost borrowing to the "Bankers Gone Wild," while depriving dividend income to depositors,
bondholders, pensioners, and retirees.

As we have been saying about gold and silver, consistently and persistently: Firstly, buy the physical metals, then HOLD THEM
PERSONALLY. If you do not hold it, you do not own it. That advice has not been intended as some catchy phrase, for if Cyprus does nothing
else, it demonstrates how the banking elite views THEIR holding of
YOUR assets. Your assets are on "loan" to them. Maybe you will get
them back in full, but now more than ever, maybe not.

We note a bit of irony that Merkel/Germany pushing/imposing/dictating
their financial weight on other, weaker countries, may be the very
same kind of victim as Germany attempts to "repatriate" its gold. The
New York/London's official response, "It may take several years."
Unofficially, 'We ain't got it," long story short.

Those who have been buyers and holders of physical gold and silver
have been doing so precisely because of what has been developing
since the 1933 confiscation of gold in this country and the justifiable
distrust of all bankers. For those who have paper assets in banks,
[actually only digital assets, neither of which exist in reality], who are
not buying gold and/or silver, the time to do so is fast running out.

This is no longer about which asset is performing better? This is all
about which asset will preserve wealth the best. Gold has a 5,000 year history. Even the thieving central bankers are buying gold! Neither gold nor silver can be eaten, ridiculously said by the anti-PMs, but no one
eats fiat, either. It is exchanged for goods and services. Gold and
silver can be converted into fiat, as/when needed, and exchanged for
goods and services, too. The difference? It takes more and more paper fiat to buy the same ounce of gold or silver. PMs are not going up in
value. It is the fiat that continually goes down in perceived "value"

In that article link above, we also mentioned Black Swans. Let no one
ever say, "Who could have seen this coming?" when depositors, when
ALL citizens become further victimized by Wall Street and the insidious
banking elite.

For now, the thieves remain in control of the paper world. When that
control is lost, so will all opportunity to buy/hold physical gold and
silver at current gift levels, perhaps even at any level, without severe
government/banker intrusion/"tax" [aka theft].

Just as the banking elite, [call them whatever you want, we do not
care about semantics], used to "fix" Libor rates, [always to their
advantage], they still "fix" the prices of gold and silver at the end of
each day. From the pages of "Do as we say, not as we do," while
central casting bankers are buying gold and discouraging The People
from doing the same, here are how the current "fixings" look and what
the banker would have you "believe."

We like to include the monthly and weekly for consistency, looking for
subtle clues of change. The current channel TR lows are holding, and
we have discussed the potential for a turnaround for some time, but
none is apparent, and one cannot let sentiment, or even disgust with
controlling influences be a guide.

Buy physical gold, yes, and without waiting. As to the futures, not
yet, at least not without exposure and risk to unexpected sell-offs.

The rally of the past three weeks is more labored and the bars are
smaller, relative to when price declines faster with wider ranges lower.

The one message of certainty in the charts is that there is no sense of urgency in any rally effort.

A small range bar, all of March, so far, says a lack of direction, up or
down. However, it is buyers who must prove an ability to control at
this juncture, not sellers.

We can make an encouraging case for price holding and not going
lower, but no case can be made for price going higher right now.
Patience.

The low of the January failed probe was not viewed as a swing low.
One-time price exaggerations can result from the running of stops or
even an air pocket of excess, and are not true measures of support or resistance, from our perspective.

Based on this chart, the case is stronger for continuation lower than
for a rally. While either situation still has to be proven, it is the
downside momentum that gives the edge to sellers.

One important consideration to keep in mind: the central bankers that
are determined to discourage gold/silver as an alternative to their
endless issuing of fiat have a vested interest in seeing the lows of the
18 month, and counting, trading ranges in gold/silver violated with new lows in order to punish weak longs, take out a huge build-up of stops,
and deflate holders' expectations for higher prices.

There used to be a game show on television called, "Who Do You
Trust?" It is an apt question to be asking yourself in today's more
treacherous financial environment as it pertains to banks and bankers.