Friday , 20 October 2017


Noonan: “Panic Selling In Gold & Silver A Positive Development” – Here’s Why”

What has been missing during this 3+ year decline in PMs has been what we havegold-silver pointed to on several occasions, a form of ending action that sends a message that a change in trend is in progress.  Last Thursday and Friday’s sharply higher volume and wide ranges lower is the kind of activity that leads to the end of a trend.  There is not enough to say it has happened, to be sure, but the end game is starting to step up and be closer to a resolve of ending of the down trend. [Let me explain further.]

The above introductory comments are edited excerpts from an article* by Michael Noonan (edgetraderplus.com) entitled Gold And Silver – Elite Supernova Death Dance In PMs? + Monthly Charts.

Noonan goes on to say in further edited excerpts:

Despite all the overt bullish demand for physical metals, gold and silver have been making new recent lows, reaching levels few imagined, even just several months ago.  What has been missing [in the many articles I have read] is an explanation as to “why” the PMs continue to decline. We, however, have been postulating that the Rothschild elites have been responsible for the perpetual downward manipulation in defiance of known fundamentals.

History proves all fiat money systems fail, and the United States, with its toxic fiat Federal Reserve Notes in the multi-trillions, are destined to join the same fate of failure.  Is it any different this time?  No, but degree to which circumstances have been distorted is far beyond anything else, historically.  As a consequence, expectations have not been able to adjust to the greatly exaggerated conditions.

What we are witnessing is the likely supernova (a supernova is when a very big star – brilliant at its peak just prior to running out of energy – explodes) death dance of the existing Rothschild dynasty, flaring up in its culminating demise after a few hundred years of unparalleled financial power.  The “silver stake” in the heart of that insidious group is silver and gold – the kryptonite against the Rothschild central bank fiat.

This is not to imply that the end will be immediate. A more likely scenario is that it may yet take much more time.  A few indicators are as follows:

1. The switch of the head of Deutsche Bank, is one example.  Its current CFO is to be replaced by an ex-Goldman Sachs executive, one of the primary sources for elite-control of how business is conducted.  This indicates the status quo is still calling the shots.  Deutsche Skatbank is now going to charge its large depositors a .25% fee for keeping their cash in the bank, a negative interest rate.  Only
the fiat central bankers would keep draining people of their own money.  “What’s yours is ours,” is their motto.  As long as it is business as usual, PM are going nowhere.

2. The Swiss referendum at the end of November to see if the central bank will be required to increase its gold holdings to 20% from the current 7.8%.  This event will be a huge tell.  Obviously, Swiss central bankers are solidly opposed to this restriction, preventing them from irresponsibly issuing fiat at will.

  • If passed, the Swiss would have to purchase around 1,700 tonnes of gold, and that is about 70% of total annual gold production.  It would create havoc for the gold-selling manipulators.
  • If the measure fails, it will once again demonstrate that people do not matter, only bankers and their corrupt debt-enslavement of the masses.  A win for the bankers is a loss for everyone else, and it will tell you that the timetable for a recovery in gold and silver will still be on hold and central bankers are still in control.  It will be a set-back for anyone’s timetable.

3. We cannot point to anything in the U.S. because the public is fed a constant flow of lies from the elite back-pocket-owned media.  Gold is not considered to be any kind of a store of value, and its holding by the public has been erased from their pliant minds.  The only buyers and holders of precious metals are those who are more independently minded and more informed, but even their mental mettle is being tested by this constant suppression of prices.

Are the elites winning?  Absolutely.  Can they persist over time?  Absolutely, but the probability of keeping price suppressed keeps diminishing with the passage of time. When will that point in time come?  That is another absolute, which is: not a day sooner than when it happens, and not even the Rothschilds could provide the answer if their sordid lives depended on it.  The best anyone can do is to accept what is – the unknown or the unknowable.

We were as surprised as anyone that $26 silver  did not hold, and also when it took over a year as price moved in a trading range, and even more surprised to see a $16 handle, even $15, briefly, last week.  However, it is what it is, and it is a clear message that the elites are not going to give up easily, if at all, even if self-destruction is required.  All anyone can do is be prepared for what is certain to come, even though its certainty as an event is anyone’s guess.

Are PM holders dissatisfied, disillusioned?  Many are, maybe most, but their feelings cannot and will not change what is.  If anyone bought and held gold/silver with the expectation of selling it for a higher price over the past year or two, then that was a speculation, less leveraged than buying futures, but speculation nonetheless.  The primary reason for buying and holding gold/silver, it seems, is as a store of value for when the fiat system collapses, as it will, and under this consideration, time was less of a factor, even though expectations have been somewhat dashed.

With little or no intent to sell one’s holdings, one has less value than in the past few years.  It is more akin to the housing bubble.  Many who own homes have seen their property values decline.  Does that mean home owners will sell simply because the price has dropped?  No.  The same holds true for stackers of silver and gold.  You do not sell simply because price is lower.  The driving down of price is intended to take the wind out of the sails of PM holders.  That alone should be a sufficient message that owning both gold and silver is the right tactic.

The Charts

The monthly charts (see here) shows no promise of change in the direction where price has been headed. It may not be what many want to hear, but it is what the market is indicating.  A point to be made for addressing the disappointment of how price has declined without respite for the past few years.  It stems, in large [part,] from believing the bullish news related to gold and silver and hanging one’s hopes on such events, even though there was no indication from the charts that a trend change was in the making.  This is why we never stop saying that the charts are the best source for market indications.

Last Thursday and Friday are signs of panic selling, based on the sharp increase in volume at the lows.  That the sharp increase occurred at the lows tells us strong hands are in the market taking whatever sellers have to offer.  It is too soon to assess if last week is a sign of bottoming activity, but the level of volume is an important tell.

(As an aside, the gold/silver ratio is just over 72:1, and this favors buying silver over gold on the premise that the ratio will come in at some point in the future.  It says that at some point, silver will out perform gold.)

We view the sharp decline and equally sharp volume increase as a positive development. Why?  It tells us that the end of the trend is nearing more than the market has indicated for the past few years… 

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-elite-supernova-death-dance-in-pms-monthly-charts

If you liked this article then “Follow the munKNEE” & get each new post via

Related Articles:

1. Noonan on Gold & Silver: “No Turnaround Soon; Just Keep Holding & Buying & WAIT!”

…Have gold and silver seen a bottom yet, and is there a turnaround soon in the cards? No, and no…It is still business as usual as gold and silver languish around recent lows.  There is no date one can mark on the calendar that points to an end of the Rothschild dominance over Western fiat currencies and their suppression of … Read More »

2. Noonan on Gold & Silver: “There’s NO Turnaround In Sight!”

Things just took a turn for the worst, and there is no turnaround in sight. Unless and until demand enters the picture, price will continue lower until it finds demand sufficient to effect a change. For right now, there is no demand apparent. What else can be said. This is like watching a car teetering on the edge of the cliff, waiting to see if/when it falls. The trend is down, and that is all you need to know! Read More »

3. Noonan: “Gold & Silver Will Turn When They’re Ready & They’re Far From Ready!” Here’s Why”

Time is running out for all the 2014 enthusiasts that are calling for higher prices in gold and silver by year-end. The lessons learned from 2013 have been forgotten as not only are prices not beginning to move higher, they are making new recent lows. Incredibly enough, many of these prognosticators are paid pretty well by their subscribers. Lesson to be learned? Absolutely no one can divine the future. Stop listening to what others are saying, and pay attention to what the charts are saying – and below is a summary of just that. Read More »

4. Noonan on Gold & Silver: “The Market Is ‘Speaking’ & THIS Is What the Charts Are Saying”

This is one of those times where it is best to focus on pictures of the market, over various time frames, to get a better handle on what to expect moving forward, and a look at the charts tells us in no uncertain terms that the end is not yet in sight. Here is our read of what the market is saying, and has been saying for some time. Read More »

5. Noonan: Nothing Much New In Gold & Silver Charts – Take a Look

The market has not changed materially over the past many weeks/months and, as long as the market has not changed, expectations that the price of gold and silver should not change, either. Expectations are future hopes/plans that may or may not ever be realized. Present market conditions are the reality of what is, without getting into the mental gymnastics about the degree of reality reflected in the charts. Market activity trumps everything, and one works with that reality or risks substantial loss by favoring opinion/hopes/expectations. Below is what the charts are saying today. Read More »

6. Noonan: Comments On Developing Market Activity For Gold & Silver

Ignore those pundits who are saying PMs are ready to take off. If you apply a little bit of common sense, and you look at these charts, can you draw any other conclusion(s)? Always remember: the markets never lie and here is what they are saying. Read More »

7. Noonan: These Charts Say Trend STILL Bearish For Both Gold & Silver

No one knows when gold and silver will rally and anyone who says otherwise has already been proven wrong. Despite a decent rally in both gold and silver over the past 7 trading days, a look at the charts shows that both remain in bear market conditions overall with no defined indication of ongoing strength. Read More »

8. Noonan: Everything’s Upside Down, Including the Price For Gold & Silver – Here’s Why

We live in an Alice In Wonderland, circa Orwell’s 1984 world. Everything is upside down, and that includes the price for gold and silver. Read More »

9. Noonan: How Long Will These Low Prices In Gold & Silver Continue?

How long these low prices in gold and silver will continue is the ever pressing question on the minds of the gold and silver community and topic of so many articles written by the experts. While many have striven to provide an answer, and 2013 failed to match the “predictions” as to the “When?” issue, the best answer is: For as long as it takes. Here’s why. Read More »

10. Noonan: What’s It Going to Take to Cause a Sharp Price Reversal for Gold & Silver?

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 »

11. Noonan: Gold Remains Low For These Compelling Reasons

The current unnatural control over the natural forces of Supply/Demand could continue much longer than most expect – the disappointing expectations for 2013 may repeat in 2014. Here is how we see the developing “story” that explains why gold and silver have not changed trend. Read More »

12. Noonan: Forget About $5,000+ Gold; It Ain’t Goin’ Happen Any Time Soon!

Tell us where in the charts below there are any indications that the “true” value for gold should be in the $5,000 – $10,000 per troy ounce range, or silver in the $100 – $300 range. If you see extraordinary bullish signs within them, let us know, because we certainly keep looking and cannot find any needle in these “haystack” charts! Read More »

13. Noonan: Gold & Silver Will Not Rally-to-the-Sky in 2014 – Here’s Why

No matter what you hear or read about gold and the prospects for substantially higher price levels, the trend is down, exactly opposite of what you know. When you compare what you know, an opinion, with what the market is telling you, the market is a more accurate measure, however counter-intuitive it may be to your opinion, [and THIS is what the markets are saying]. Read More »

14. Noonan: These Are the Facts About the Current Price Movement In Gold & Silver

We are starting to see some subtle changes in market behavior but the trend currently remains down for both gold and silver. For those who want to grow their capital, the best time to make a market commitment is with the trend and given how no one knows how the market will correct, it is best to wait and see first what the market reveals. Below are some daily and weekly charts on gold & silver charts to show you how things are developing. Read More »

15. Noonan: The Trend in Gold Remains Down – But For How Long?

If your perception is focused solely on where the price of gold is, as opposed to where you think or believe it ought to be, the elites would like to sell you a renewable subscription to their “Fiat Is Better” newsletter. Read More »

 

One comment

  1. The value of PM’s is being manipulated but in the long run I expect to not only see PM’s recover but increase in value, since the demand of PM’s will always be increasing due to the increasing population of our Planet. Since PM cannot be created by “printing” sooner or later the paper shorting that has depressed PM markets will be exposed and then expect to see the “mother of all corrections” occur, which will leave all those NOT holding physical PM out of the PM recovery!