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.

rss feed

Author's Website

Very Strong Indirect Reasons To Buy Precious Metals

| January 10, 2015 | Category: Investing
Very Strong Indirect Reasons To Buy Precious Metals

When the fiat Federal Reserve “dollar” finally loses its status as the world’s reserve currency, gold and silver will have then begun to make an upward price adjustment or will begin to make the upward adjustment, and all who paid much higher prices for gold and silver will stop whining about price. In this article are a few examples of very strong, not so unrelated reasons for actively buying physical gold and silver.

Continue Reading

Gold And Silver Charts Going Into 2015: Expect More Of The Same

| January 3, 2015 | Category: Price
Gold And Silver Charts Going Into 2015: Expect More Of The Same

Given the wealth of stories available, we choose to focus on the most compelling one as told by the charts. Keep in mind, when we say charts, they are a reflection of developing market activity that tells the most accurate and current story. It is not a promising one, as of the end of the year and heading into 2015, but it is reality, and to expect anything else will lead to the same disappointments of 2013 and 2014. Forget the ego-driven predictions that have all proven wrong again and again, and deal with what is.

Continue Reading

Dollar Reserve Currency Dying But Meantime No Respite For Precious Metals

Dollar Reserve Currency Dying But Meantime No Respite For Precious Metals

In a nutshell, if the elites have their way, and to date they remain unopposed, the fiat Federal Reserve Note, aka the debt “dollar,” will be replaced with some form of a new international currency, or perhaps Special Drawing Rights, an international basket of currencies. All money may exist as computer credits that can be readily tracked. If anyone dare oppose the bankers, poof, your credits just disappeared, and you have nothing. Bankers rely on debt largesse and fear.

Continue Reading

Wall Street, aka United States, Pulls Off Another Destructive Coup

| December 13, 2014 | Category: Investing
Wall Street, aka United States, Pulls Off Another Destructive Coup

US banks are telling depositors that they will be assessed a fee for keeping deposits in banks. The banking system as it was initially set up in this country no longer exists. It used to be said of gold by bankers [and still is], that it does not pay any interest. Well, with certain banks, that now holds true for “cash.” how does this relate to silver and gold? Neither have any counter-party risk. An ounce of gold or silver will always be the same ounce.

Continue Reading

Gold-Backed Currency? Not Any Time Soon Based On The Trends, But Be Prepared.

Gold-Backed Currency? Not Any Time Soon Based On The Trends, But Be Prepared.

Most trend bottoms have a certain look about them, and weekly silver does not fit any pattern with which we are familiar. It could be the result of central bank artificial manipulation as opposed to the natural forces of supply and demand. If it turns out to be the bottom, fine, but for now, there is no confirmation either way. What we know for certain is that every bottom undergoes a process of retesting, with none yet apparent.

Continue Reading

For Elites, All The World’s A Stage, Including China And Russia

For Elites, All The World’s A Stage, Including China And Russia

China and Russia, or maybe only China with Russia relegated to a lesser important role than might be expected, are but players on the elite’s stage, and make no mistake, the moneychangers remain in full control if SDRs are to become the new world currency. The rest of us remain bit players of no consequence on that stage, other than to serve and toil for the elite rent seeking directors behind the scenes.

Continue Reading

Is the Golden Rule Broken?

| November 22, 2014 | Category: Investing
Is the Golden Rule Broken?

The Golden Rule may not be broken, but it may just be in the process of necessary change for it to reassert itself. For US citizens, do not get caught without holding any. For as manipulated are the stock markets by the Fed, as can be seen in the charts, the same holds true for gold and silver. The charts do not show any change in the forces being applied, and all anyone can do is read them as they are.

Continue Reading

A Change Underway In The Suppressed Gold And Silver Down Trend?

| November 15, 2014 | Category: Price
A Change Underway In The Suppressed Gold And Silver Down Trend?

You can see how the general level of volume has picked up in the month of November. The fact that the volume increase is occurring at the lows, if they hold, usually indicates a change from weak hands into strong. Keep in mind, it takes time to turn around a trend, and the down trend can change into a sideways move before an up trend occurs, so patience has merit for not “jumping the gun,” which often means a false start. Gold has dropped 770 dollars from its highs. A rally of 55 dollars should not be viewed as game-changing.

Continue Reading

Charts Of Gold And Silver Reveal Power Of Elite’s Central Bankers

| November 8, 2014 | Category: Economy
Charts Of Gold And Silver Reveal Power Of Elite’s Central Bankers

If some of the strongest known fundamental demand for gold and silver has had no effect on price, the question has to be, why not? The simple and only answer is the elite’s protecting its Ponzi fiat scheme, for they can never allow gold and silver to be considered as an alternative to their fiat paper issue. All they can do is what they have been doing for over 100 years, manipulate gold and silver, crushing them as viable alternatives to the “dollar” [more accurately, Federal Reserve Note], and the Euro dollar.

Continue Reading

Gold And Silver Monthly Charts: Elite Supernova Death Dance In Precious Metals?

| November 1, 2014 | Category: Investing
Gold And Silver Monthly Charts: Elite Supernova Death Dance In Precious Metals?

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.

Continue Reading

Financial World Is A House Of Cards Built On Sand

| October 19, 2014 | Category: Economy
Financial World Is A House Of Cards Built On Sand

The damage being done to the world economy has no precedent. The extent to which the world is being manipulated has no precedent. The degree of endless “wars” engaged in and provoked by the United States in has no precedent. The amount of worthless “currency” being used by the moneychangers to fleece the world of its wealth does have a precedent in the Rothschild formula, but the degree to which it has been utilized has no precedent. One day, and it is a certainty, the value of gold and silver will double, triple, or some unknown multiple of current suppressed values, and those who have been bemoaning the current prices will be equally rewarded as those who have kept the faith and knew that it was just a matter of time.

Continue Reading

An End Is Still Not In Sight Gold And Silver’s Price Decline

| October 11, 2014 | Category: Price
An End Is Still Not In Sight Gold And Silver’s Price Decline

We prefer to follow developing market activity, and let it determine when a bottom is final. The realization of a bottom can take days, often weeks to confirm. Those who have called bottoms in the past few years never had the patience to wait for confirmation, which never came, obviously. Weekly gold has hit important support for the third time since the 2011 highs. There was an immediate rally following the previous two tests, and it would seem one will follow this one. There is a more positive sign on last week’s retest, for it is the only retest where price opened near the low for the week and closed relatively strongly.

Continue Reading

Chart Analysis – Gold And Silver Price Trending Lower Until Demand Returns

| October 4, 2014 | Category: Price
Chart Analysis – Gold And Silver Price Trending Lower Until Demand Returns

The breaking of support in September is a narrower range bar relative to a similar break of support in the 2nd Q, six bars from the right on the Qtrly chart. Irrespective of where price may find support, the developing market activity shows no sign of bottoming, and the trend will not change until a bottom forms. Time-wise, this does not argue for a near-term turn from down to at least sideways, before going higher.

Continue Reading

Truthseeking: How The Elites Are Running The World, The Dollar And Metals

Truthseeking: How The Elites Are Running The World, The Dollar And Metals

None of these stories are news-headline-grabbing, but they are pieces of the puzzle that, when put together, a picture of how the elites run the world suddenly appears. They are in control. No one can oppose their power. China and Russia are opposing them, right now, and their strength, backed by huge natural resources, [Russia], and massive amounts of gold, [China and Russia], engaging and encouraging other countries to build and grow from within, may very well win the day and be the catalyst to bring down the Empire of Chaos, led by the evil cabal of debt serpents, the elites.

Continue Reading