Most in the United States have no idea of what is to come. They think they have no choice but to follow the herd over the cliff to certain financial death. Some will be prompted to make a different choice, however, and become amply prepared by buying gold and/or silver. Let me explain.
So says Michael Noonan (edgetraderplus.com) in edited excerpts from his original article* entitled Gold And Silver – Rally Or Not? War Or Not? Probably Not For Both.
The following article is presented by Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!) and the FREE Market Intelligence Report newsletter (sample here) and has been edited, abridged and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.
Noonan goes on to say in further edited excerpts:
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…[not] a part of a herd mentality, which they are, they would see the herd heading for a cliff that leads to certain financial death They would see the inevitable results of not leaving the path of the herd and be prompted to make a different choice…[rather than] continue to say, “What choice do I have, I am going to go over the cliff with everyone else.”[It’s] hard to understand people who choose not to choose and one choice that is essential is the ongoing purchase of gold and silver 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 physical gold and silver 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 & Silver (see charts here)
The gold and silver market is engaging in a resting spell before continuing lower, or in preparation for a turn to go higher, and, as such, there is no need to guess in which direction price will go, but, instead, to be prepared for either event and follow the market once it declares its intent. Price could still rally next week but as developing market activity stands, price could [just] as easily work lower. The trend is down and in an area of support. The trend carries the greater weight.[Specifically,] there is no evidence of strength in the silver market, at this time, as it 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. [In the meantime,] it is a great opportunity to accumulate more physical gold and silver at incredibly low, suppressed low prices, but that is all.
[The above being said, however,] 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.
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.
The majority of analysts maintain that gold will reach a parabolic peak price somewhere in excess of $5,000 per troy ounce in the next few years. Given the fact that the historical movement of silver is 90 – 95% correlated with that of gold suggests that a much higher price for silver can also be anticipated. Couple that with the fact that silver is currently greatly undervalued relative to its average long-term historical relationship with gold and it is realistic to expect that silver will eventually escalate dramatically in price. How much? This article applies the historical gold:silver ratios to come up with a range of prices based on specific price levels for gold being reached. Words: 691 Read More »
You have no doubt read countless articles on the price of gold costing x dollars per “troy ounce” or perhaps just x dollars per “ounce” but the difference between the two measurements is significant. For that matter, what’s the difference between a 24 karat gold ring and an 18 karat gold ring? Let me explain. Words: 963 Read More »
There’s a new Silver Sheriff in town, and it happens to be located north of the U.S. border. While [American] Silver Eagle sales and growth were impressive in 2013, [Canadian] Silver Maple Leaf sales outgunned the competition by a wide margin. [By how much? Take a look.] Read More »
It is during difficult times [such as these when] quantitative easing and currency wars have highlighted the volatility and vulnerability of currencies…that the true, safe value of gold really stands out. It is now easier for you to convert your savings into gold than ever before and this article outlines the reason for buying physical gold and the advantages and disadvantages of buying gold bars, ingots and/or coins. Read on! Words: 853 Read More »
People who have trusted the paper market first go to gold when they have their awakening because it is the largest precious metals market in the world but the more I learned about silver, however, the more I realized that silver was the smart decision. Here a a few reasons why that is the case. Read More »
The stars are aligned in 2014 for a significant re-rating of the gold price. This article presents an update on the demand dynamics in China, discussion around new evidence of manipulation and an illustrative example of the opportunity in gold equities. Read More »
How should investors approach sub $1,300 gold? The Bull and the Bear case is presented here as analysts each take a side and answer five questions. Read More »
Q: Is now the time to buy more gold or to finally get in the game? A: Yes. Make sure that you take advantage of today’s price and “mine” your own gold. [Here are 4 reasons why that is the case.] Read More »
Last year…saw gold’s greatest decline in 32 years…but I’m still confident that gold’s bullish fundamentals are still intact and that what I said in my recently published book, $10,000 Gold, still holds true. Here’s why. Read More »
There is not a shred of evidence that the price of gold is about to embark upon a much higher trajectory. What the market is saying is that nothing in the news is disturbing the bottoming process. Read More »
At the beginning of a hyperinflationary cycle, the stock market virtually always makes substantial gains which is just reflecting the sheer weight of printed money…After the initial enthusiasm the stock market loses its lustre and falls in tandem with the economy into a deflationary depression. The U.S. is now slowly entering such a hyperinflationary phase. Here’s what that means for the future price of gold. Read More »
It’s hard to predict what will trigger the next collapse of stocks, but gold is already on the road to new highs with Janet Yellen gearing up to unleash a new torrent of freshly printed dollars onto global markets. I’d recommend you start building your ark well in advance. Read More »
The unintended consequences of five years of QE are coming home to roost! In May or early June the stock market parabola will collapse…followed by a massive inflationary spike in commodity prices – particularly gold & silver – that will collapse the global economy. Read More »