Sunday , 23 November 2014

Drop in Gold & Silver An Attempt to Crush PM Advocates

Everyone personally holding physical gold and silver, as we have been recommending, has no margin call to meet and no reason to sell. This is a temporary situation, and it will pass. Now is not the time to panic, as that is the intent of thecrowne-gold-silver-bullion_l central planners/bankers in forcing gold and silver through strong support levels. Stay the course. To the extent you can, continue buying the physical metal.

So writes Michael Noonan (http://edgetraderplus.com) in edited excerpts from his most recent article* entitled The Cyprus-ization Of Precious Metals. 

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Noonan goes on to say in further edited excerpts:

Nothing has changed that would warrant this level of sell-off, and if there is anything to be learned from this banker raid, it is that they will stop at nothing to continue their fraud. Nothing! What central bankers are doing is beyond even what we imagined – a concerted effort to crush PM advocates. It is a measure of how desperate they have become in their attempt to destroy whoever opposes fiat debt. The PM ransacking is proof of how fearful central bankers are.  It is the wooden stake into their financial main artery, for surely they have no heart.

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Bankers are in a state of panic. There is NO stability in anything they do, and they are circling the wagons. It is them against us…

All governments have devolved into wealth-stripping.

  • The EU is going after bank deposits,
  • Germany is talking about a wealth tax on all property, stocks, bonds;
  • the wealth of  the people of the United States has, and continues to be, “confiscated” via the invisible inflation tax as illustrated in the chart below:

 

Gold v Dollar

Is anyone still thinking of selling their gold or silver? For those who choose to remain in the banking system, it is your choice.  That clock is ticking.  Cyprus was the alarm.

Conclusion

You are on your own out there.  Stay with what works, and do not let thieves steer you off a course that has a proven history of working.  Buy silver, buy gold.

Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.

*http://edgetraderplus.com/market-commentaries/the-cyprus-iazation-of-precious-metals

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3 comments

  1. Question for everyone:

    Where is the best place to in “IN” to take advantage of the current plunge in PM’s?
    I’d like to know both in actual physical PM and PM stocks…
    Thanks

  2. Yes as I said earlier today:
    Has anyone else noticed that those that sell PM have not lowered their prices very much, considering how much PM’s have fallen in the last few days…

    I bet (pun intended) that they like many readers are hopeful that PM reverse their plunge soon!

    I’ll add that most of the places I called today said that they were holding their prices up because of “demand” and that new supplies were hard to get, so where is all this PM going, or perhaps we are seeing the Mother of all $HORTS, being done with you guessed it paper money!

    Time will tell and I bet it will be very soon!