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!), www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and the FREE Market Intelligence Report newsletter (register here; 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.
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