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 – The US Dollar Does Not Exist

Gold And Silver – The US Dollar Does Not Exist

Despite another so-called “smash down” of gold and silver, having an awareness of the direction of the trend, as we have been advocating for the past few years, one cannot be surprised by the drop as much as one can be verily surprised by the extent to which the central bankers have had such a relentless stranglehold on gold and silver, and it appears that they have not yet finished playing their manipulated hand.

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Gold And Silver – Without Either, You Will Be Greeced.

Gold And Silver – Without Either, You Will Be Greeced.

The price for gold and silver is being artificially and purposefully suppressed by central bankers. The Western world is falling apart at the fiat financial seams, and those in control will resort to whatever means necessary to remain in control, evidenced by the unending proxy wars and Middle East disruptions started by the US. A Third World War cannot be taken out of the equation as the bankers are scrambling for their greedy lives, stealing as much wealth from people as possible.

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Greece Needs Money? Money DOES NOT EXIST!

Greece Needs Money? Money DOES NOT EXIST!

What one will ultimately conclude is the realization that there are no lawful dollars circulating in the United States, today. They were removed from circulation by the Federal Reserve and destroyed during the 1920s and 1930s. At one time, Federal Reserve Notes were specie-backed, just like real United States Notes that were backed by silver and gold.

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Gold And Silver Price: Monthly And Quarterly Ending Analysis

| July 1, 2015 | Category: Price
Gold And Silver Price: Monthly And Quarterly Ending Analysis

Looking at the Qtr closing for 30 June, the range is small, directionless, and just think of the news events that have transpired each day, each week, each month, so much bad news, so much negativity, world stress, etc. If you knew nothing about the news and just looked at the small range, you would surmise that all must be tranquil in the world to have so little impact on price for the past 3 months. For now, buyers have not yet met the burden for a change in trend. At the same time, sellers are at risk of losing control to the buyers is the sellers cannot move price lower and keep it lower.

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Precious Metals 3 Choices: Sell, Hold, Hold and Add. A Trading Treatise.

Precious Metals 3 Choices: Sell, Hold, Hold and Add. A Trading Treatise.

What is the trend? Down. Who cares if it looks like a great buy opportunity? Who cares if it is oversold? It does not have to go higher from a certain level. Ask how many thought gold and silver could not go lower three years ago, two years ago, a year ago, a month ago? Anyone buying had the weight of market momentum going against them and the greater likelihood of taking a loss. Was it the market’s fault for those making a bad decision to buy in a down trend?

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Western World’s Worst Enemy For Freedom

| June 20, 2015 | Category: Economy
Western World’s Worst Enemy For Freedom

Cui bono, Obama? Certainly not American citizens. Whenever Obama shouted out, “Yes, we can!” during his campaigns, stupid Americans thought he was addressing them. Hell no. He was talking to the elites but just not telling anyone.

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What Charts Are Telling About The Gold And Silver Price Direction

| June 13, 2015 | Category: Price
What Charts Are Telling About The Gold And Silver Price Direction

We see the daily gold chart amplifying the odds for a rally next week. The first seven trading days in June had the highest volume, the greatest selling effort, all but one of the trading days were red. Typically, smart money [controlling interests], sells highs where you would expect to see selling volume greater. When volume is noticeably higher at a swing low, it would be smart money doing the buying and the public selling their longs at lower prices before they [may or may not] go lower.

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Gold And Silver Price: Too Many Are Still Getting It Wrong

| June 6, 2015 | Category: Price
Gold And Silver Price: Too Many Are Still Getting It Wrong

We [collectively], do not need to know if the swing bottom is in, or not. The market will give confirmation once a bottom is determined to be final. Buying after a bottom has been confirmed will mean buying at prices higher than the actual bottom, but one can be much more secure in positioning, once the trend has been confirmed as changed. Just ask all of the bottom pickers over the last 4 years how they have been faring in not waiting for that confirmation.

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Gold And Silver Charts For June 2015

| June 1, 2015 | Category: Price
Gold And Silver Charts For June 2015

The pushing on a string theme is really prevalent throughout the gold/silver charts. There is nothing that indicates a shift from the down trend to one that can and will go higher. Almost everyone’s expectations are for gold and silver to move dramatically higher. The charts do not support that collective opinion, at least not at this time.

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What You Know for Certain: Huge Demand for Gold And Silver

What You Know for Certain: Huge Demand for Gold And Silver

There is ample record evidence that banks are totally unreliable if it is known that any gold or silver is being held, either by consent for a fee or in a safe deposit box. If you have any PMs in a bank, guess who really owns it? Word is that even allocated gold owned by wealthy clients, in the hundreds of millions of dollars, is missing. Who cares? That is their problem, not yours. The point to be made is we all live in a world where it is a matter of self-survival.

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Elite’s Game Of Jenga In Place. You Should Not Own Gold Or Silver.

Elite’s Game Of Jenga In Place. You Should Not Own Gold Or Silver.

If you let the Harlan K Ullmans of the world dominate your life, or go through life in an unexamined manner, the elite’s unfolding game of Jenga, unseen but visible to the curious eye seeking to be informed, will destroy you. None of those in control want you to own gold or silver. It is an act of individualism, a non-state action, but if you do not have or own either gold/silver, you are playing totally into the hands of those state-actors bent on making you subject to their whims.

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China’s Pivotal Role For Gold: More Questions Than Answers

China’s Pivotal Role For Gold: More Questions Than Answers

There are many unanswered questions that go way beyond the seemingly most pressing ones of wanting to know when gold and silver will rally, and by how much? For how much longer can the reality of an acknowledged shortage for physical gold and silver go on in the face of an unprecedented and growing supply of worthless fiat, where the former have a historic intrinsic value and the latter has no value, whatsoever, except in the mindless minds of the users?

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Gold And Silver Price: End Of Month Chart Analysis

Gold And Silver Price: End Of Month Chart Analysis

The silver price continues to move farther along the Right Hand Side of the trading range. which is where a final resolve will occur. So far, there are no signs it is ready to move higher. Since the March swing low, gold has moved sideways in overlapping bars, a sign of balance between buyers and sellers. The past two weeks were low range closing bars, but no downside follow-through. In a weak market, the onus is always on buyers, [still absent].

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The US Is A Corporation. Precious Metals Stand In The Way.

The US Is A Corporation. Precious Metals Stand In The Way.

Where have all the trillions of newly created “money” gone? Into the failed and bankrupt banking scam conducted by the elites. All world-wide monetary policy undertaken by the central banks has been for the sole purpose of protecting the failed banking financial structure, propping up the fiat currencies.

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