Author Archive: Michael Noonan

Michael Noonan, mn@edgetraderplus.com, is a Chicago-based trader with over 30 years in the business. His sole approach to analysis is derived from reading developing market pattern behavior, found in the form of Price, Volume, and Time, and it is generated from the best source possible, the market itself.

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Gold And Silver – Who (What) Do You Trust? You Have A Choice.

| January 6, 2013 | Articles: Insights

Gold and silver are NOT going up in value. An ounce or gold or an ounce of silver is still the same ounce. It is the imaginary “value” of the fiat you hold that is being debased and is relentlessly dropping. It is a subtle, but necessary change in “belief” one must always recognize, [and there are many who do, just not enough]. Instead of 250 or 900 units of fiat, it now takes 1650 units of fiat to purchase the SAME ounce of gold, and 30 units of fiat, instead of 5 or 20 units to purchase the same ounce of silver.

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Gold & Silver: Opposing Forces Very Under-Rated

Gold & Silver: Opposing Forces Very Under-Rated

Everything you need to know is contained in the charts because they are based on truth. What truth? The ultimate decisions to buy or sell made by the collective forces of the marketplace. Anything else that does not get translated directly in the market is simply an opinion, of no factual value because the market only recognizes actual transactions. It does not take a crystal ball, nor a Seer to look ahead into 2013 and know, almost beyond a doubt that silver has its work cut out for the next several months, and one should be very careful when trading futures, while still buying the physical with impunity.

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