Thursday , 17 August 2017


Noonan on Fiat Currencies, Bitcoins, Gold & Silver

Given the gross manipulation of both gold and silver, once this artificial reversebuy-gold bubble bursts, the results will be equally distorted to the upside.  Where not too long ago, one often heard $5,000 to $10,000 the ounce for gold, the numbers have accelerated to as high as $50,000 and $500 the ounce for gold and silver, respectively.

The above are edited excerpts from the original article* by Michael Noonan (edgetraderplus.com) from his original article* entitled Gold And Silver – Reverse Bubble. Huge Rally When Broken. Note Bitcoin Results. 

[The following is presented by Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com and www.munKNEE.com and the FREE Market Intelligence Report newsletter (sample hereregister here). The excerpts may have 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:

If anyone wants a glimpse into what the future holds for gold and silver, just look at how Bitcoin has rallied to $1,200+!!!  Not even two weeks ago, it traded at $460, and now, it is almost worth the same as an ounce of gold…It clearly shows the appetite for an uncontrolled (by central banks and governments) alternative to any fiat currency.  The world is finally waking up to the central banker’s huge fiat Ponzi scheme.

Bitcoin is a digital currency, aka a crypto-currency,  that has no intrinsic value.  For now, it is an anonymous e-currency taking the world by storm.   What seems to be the strongest point for acquiring Bitcoin is that it is continually going up in value, and it is momentum, not fundamentals, that keeps carrying the day. [The aforementioned being said,] it runs the risk of becoming a Tulipcoin.

Putting aside whether the novelty of Bitcoin can survive any number of stress tests, which it has not yet had to do, any way possible for operating outside of the existing central banking cartel’s fiat scheme has enormous appeal.  We do not see Bitcoin going up in value so much as the fiats are eroding in confidence.  Where it used to take $400 in fiat Federal Reserve Notes, (FRN) to buy a Bitcoin, it now takes over $1,200 FRNs to buy the same coin.  This exposes the downside to fiats.

This is the good news for gold and silver holders.  Once the suppressive manipulation bubble bursts for gold and silver, the number of fiats it takes to buy an ounce of gold…or silver…will rise in value, as in true measured value.  Bitcoin is the precursor for how reality will immediately set in and catapult precious metals that will likely leave Bitcoin in the dust.

As to why the Western central bankers continue to successfully manipulate/suppress gold and silver is open to debate.  In large, central bankers set and control currencies world-wide, and most people are oblivious to the insidious nature of fractional reserve banking and the corrupt criminal enterprises that run them.  They do it because they operate with impunity and get away with it.

China is becoming an unexpected center stage protagonist for ridding the world of the fiat “dollar,” once and for all.  It has become their mission, one in which they will not fail….China will become the wake-up that will show the world how America is, and has been for a few decades, a Third World country living off the fumes of a once thriving nation….

There has not been any notable change in the charts since last week. [Go here to take a look with a full explanation of the situation or here* for a brief update.] Price could still go marginally lower and not break the previous zones of support.  In any down trend, sellers have proven themselves.  The onus is on buyers to demonstrate the ability to effect change.  For now, there is no evidence that buyers are stepping in and taking over. [As such,] the ongoing “fate” of precious metals remains in the central bankers pockets.

The dramatic rise in Bitcoin is the best reminder for all those buying and holding physical gold and silver, for whatever length of time and at whatever price, better days are assured. It is just a matter of time.

[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/gold-and-silver-reverse-bubble-huge-rally-when-broken-note-bitcoin-results

Selection of Previous Noonan Articles:

1. Noonan: Charts Say NO End In Sight for Decline In Gold & Silver Prices

3 Comments

No matter what the latest “news” development is for PMs that paints a rosy picture, those in the fundamentalist camp are looking through rose-colored glasses to expect change in the near future. The charts for gold & silver continue to tell a more accurate story that belie all known fundamentals, and the charts shown here depict a market in decline with no apparent end in sight. Read More »

2. Noonan on Gold & Silver: “When Fundamentals Fail, Charts Prevail” & This Is What They’re Conveying

1 Comment

171686-gold-silver-bars

Fundamentals are relative, charts are absolute. They accurately reflect all that is going on, regardless of reasoning/motivation and…right now, the charts are letting us know that higher PM prices are unlikely to occur anytime soon. Barring some kind of “overnight surprise” that will shock the markets, odds favor lower prices over higher prices unless and until demand shows up in chart activity. Read More »

3.  Noonan: When Will Silver Rise to Higher Values? Here’s the Answer

1 Comment

Silver-Bars

It takes time to turn a market around, and silver is in that process. There is no degree of certainty that a bottom has been reached, but there exist at least a probability the recent lows may hold. Whether the lows hold or not, one cannot lose sight of why accumulating silver has been so important. When price finally accelerates higher, the trying of one’s patience will quickly be forgotten and all will be well. Read More »

4. Noonan: Charts are Infallible! Here’s Why & What They’re Saying About Gold & Silver

Leave a comment

gold-silver

Some of the finest and most highly regarded minds in the world of PMs have been saying gold and silver are going higher…[but] the charts have “said” otherwise, and that has been the correct read…The fundamentals may be as bullish as can be [but] the charts are sending a different message.  Read More »

5. Noonan: Gold & Silver Could Move Sideways for Another 1-2 Years – Here’s Why

Using past history of how price responds, it is likely that gold, and silver, could move sideways for another year or two.  While this flies in the face of so many current, supposedly “expert”, opinions [mine is not based on opinion but, rather, is strictly based on the facts as conveyed by the charts. Take a look and you will see that too!] Read More »

6. Noonan: These Charts Clearly Show What’s Happening With Gold & Silver – Take a Look

Below is a perfect example of how the charts timed the movement in the price of gold and silver over the past week. Yes, you CAN time the market as this article clearly demonstrates! When the market “talks,” we listen.] Read More »

 

The window of opportunity to buy physical gold and silver continues to narrow.  Like the housing market top was known to be coming, when it came, those who waited too long regretted it.  When the bottom for the physical PMs is known as a certainty, those who waited for a “better price” may also regret that decision.  It is all about choice. Read More »

 

In an election, it does not matter if voter turnout is high or low, the outcome is determined by the actual votes cast.  The same holds true for the markets.  Only those who make an actual buy or sell decision determine the outcome of the market trend. The market “voters” turn up in charts, recorded in the price range, close, and volume. Collectively, a “story” unfolds, and it usually is an accurate one as it does not include any opinions. Opinions do not matter. Articles written about fundamentals, pundit declarations, etc., all fall under the category of opinions. The market is the best source for information, and that is a fact. Read More »

 

…Fiats have an unbroken track record of failing throughout all of history. Gold also has an unbroken track record of being a store of value for over 5,000 years.  Yes, there have been hiccups along the way, and we are in one now.  It is what it is, but what it is is also an incredible buying opportunity at “fire sale” prices….[That being said,]  a look at the charts of the paper-tracked PM market [beg the question]  … “Where’s the beef?”  Where is the substance of anything?  We see none in the charts. Take a look. Words: 610; Charts :4 Read More »

 

Technical analysis is a measure different from fundamental analysis…and we qualifying our approach with a specialized subset of technical analysis.  How so? We read price and volume behavior, over time, in the form of developing market activity. It is what one sees on a chart, price ranges, close locations, volume, time factor[s], but no more. Below are charts that suggest that the weakness in silver may be coming to an end, sooner now rather than later, but that for now, it is what it is – and what is, is reality. Read More »

 

Charts speak the loudest…and they never lie…[because they are] the true record of all buy and sell decisions executed, coming from the most informed to the least informed.  Most of the problems lie with those who form an opinion, and how they choose to impose it onto what any given chart “says.” My understanding of what the quarterly monthly, weekly and daily charts are conveying about the price action of silver is, simply,] “Silver stackers, these lower prices are a gift you should keep on taking.  Stay tuned.” Read More »

13. Noonan: Charts Suggest NO Ending Price Action In Either Gold or Silver – Take a Look!

 

Not one Precious Metals guru has gotten anything right in the last 18 months.  All have been calling for considerably higher prices.  Over the past several months none called for sub-$1,300 gold and sub-$20 silver. Crystal balls do not work and never have. When it comes to markets, anything can happen [but the charts convey that] there is no apparent ending action suggesting a selling climax or even a cause for a reaction rally. Take a look. Read More »