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 Prices: Central Bank Manipulation, Chinese Accomodation, or Both?

| May 24, 2014 | Category: Price
Gold and Silver Prices: Central Bank Manipulation, Chinese Accomodation, or Both?

Whatever one chooses to believe, one still has to deal with the known facts, and what is factually known to date is that gold is at 1,300, [not 1,500, not 2,000, and certainly not 5,000 or 10,000 the ounce], and silver at 19, [not 26, not 50, and for sure, not 100 or 300 the ounce]. However corrupt or not reflective of the “real price” for precious metals, the charts continue to be the most commonly accepted measure, at least for now.

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Future For Gold As Uncertain As It Is Certain. Silver Will Lead/Follow.

| May 17, 2014 | Category: Price
Future For Gold As Uncertain As It Is Certain. Silver Will Lead/Follow.

If gold or silver appear to be unresponsive to known news, be it how much China is buying, potential war breakout in Ukraine, financially flagging EU, the US losing control on so many fronts, it is because both are still under the control of relatively unseen forces that continue to exert pressure, like a helium-filled balloon being kept under water.

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Gold And Silver Price – Rally Or Not? War Or Not? Probably Not For Both.

| May 10, 2014 | Category: Price
Gold And Silver Price – Rally Or Not? War Or Not? Probably Not For Both.

The purpose of this article, and recent ones on this topic, is how the prices for gold and silver will not be rallying significantly until the resolve of the devolving West plays out, or at least that of the increasingly dysfunctional de facto federal government, vastly different and distinct from the people living within the country. It is silly for anyone to lament over the higher prices paid for acquiring what gold and silver they have. Price is irrelevant.

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Despite War Hungry Obama, Gold And Silver Prices Remain Suppressed

Despite War Hungry Obama, Gold And Silver Prices Remain Suppressed

The modus operandi of the elites is to create chaos, preferably in the form of [profitable for them] war. Their purpose is to create major headaches for governments and people. The next step is to “offer solutions” to end the chaos. Without fail, the solutions always favor the elite who gain more control as part of the cost for the rescue. Why war? A simple diversion used to cover the total insolvency of the entire Western banking system and the failure of all fiat currencies.

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Prospects For Gold And Silver Prices From A Russian Point Of View

Prospects For Gold And Silver Prices From A Russian Point Of View

More rubles, some yuan, maybe even some gold. Totally absent is the use of the dollar as the disappearing world reserve currency. Putin is taking his job of running a country seriously and responsibly.

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Gold And Silver – Gann, Cardnial Grand Cross, Mousetrap, And Wrong Expectations

| April 19, 2014 | Category: Price
Gold And Silver – Gann, Cardnial Grand Cross, Mousetrap, And Wrong Expectations

We see charts as the “improved mousetrap,” as it were, and superior as a tool for market timing over fundamentals, or any other similar undertaking, for relating to what and when to buy in the markets. Still, there are not that many converts who pay more attention to what the market is saying. The one thing we know for sure is, regardless of whatever one has in the form of expectations, they are always subordinate to the final arbiter over price, and that is the market itself. The best we can say about gold is that it may be transitioning from its protracted down trend. The signs that gold remains under pressure are still there, bearish spacing, lower swing highs, etc, and that means any buying has to be very select, or not at all, again, profit being the only objective.

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2014 Coud Be A Yawner For Gold And Silver; Be Prepared For A Weekend Surprise

| April 12, 2014 | Category: Price
2014 Coud Be A Yawner For Gold And Silver; Be Prepared For A Weekend Surprise

We could see a marking of time during which all of this continues to unfold. No one has a clue as to the how or to the when, which is why 2014 could be an extension of 2013. The way in which Obama keeps prodding Russia could precipitate an event that escalates out of control, just possibly, as an example. This is why we say to watch out for weekend surprises. When people least expect, and/or are in a position to least react, some kind of announcement could be made that devalues the fiat Federal Reserve Note, still wrongly called the “dollar.”

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Power Of Elites Influences Gold And Silver Price More Than China’s Gold

| April 6, 2014 | Category: Price
Power Of Elites Influences Gold And Silver Price More Than China’s Gold

Consequently, do not expect China to be a catalyst for establishing a gold-backed currency. It serves China best to allow the West to maintain its duplicitous control over gold and silver. With no country in a hurry to have a gold-backed currency, one of the biggest factors for seeing the price of gold sky-rocket is off the table. This factor is far more significant than all the demand statistics paraded each week by PM writers.

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Gold And Silver Are Money

Gold And Silver Are Money

For every valid reason that so many others are advocating the purchase of physical gold and silver, demand, shortages, Chinese buying, exchange disappearing physical, etc, etc, we echo those sentiments and suggest/advise to keep on buying, but hold it personally. However, for more salient reasons, such as discussed in our last several commentaries, as well as this one, there are far more important reasons to buy and hold gold and silver: They are money.

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Experts Still Wrong About Strong Upside Movement In Gold And Silver

| March 22, 2014 | Category: Price
Experts Still Wrong About Strong Upside Movement In Gold And Silver

Amidst the sometimes “wildly” bullish attitudes toward gold, from a number of experts, so-called or self-professed, gold has not made any strong inroads on the weekly chart, a time frame more indicative of overall stronger buyers and sellers.

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Watch Fed’s Fiat “Dollar” More Closely For Clues About Gold and Silver Prices

| March 15, 2014 | Category: Price
Watch Fed’s Fiat “Dollar” More Closely For Clues About Gold and Silver Prices

Those who own physical gold and silver are doing the right thing and positioning themselves to at least have more choices as the corrupt federal government continues along its path of financial destruction. Just keep buying, when and as one can, and never let go of them from a lack of confidence. A key to watch more closely is the fiat “dollar.” It seems to be weakening, and that is the unyielding intent from China, Russia, parts of the Middle East, remaining BRICS nations, and eventually even turncoat partners like Great Britain and Germany.

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Gold and Silver Market Activity Will Always Trump News and Fundamentals

| March 8, 2014 | Category: Price
Gold and Silver Market Activity Will Always Trump News and Fundamentals

There is something going on in the gold and silver market, and it is difficult to ascertain exactly what it is. Perhaps it can best be described as a change in market behavior that may be defining a potential change in trend. 2014 is now THE year for the “big breakout.” It has to be presented as such because calling 2013 the big year will no longer work.

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Gold & Silver: From Now On All that Matters Is That You Own Both

Gold & Silver: From Now On All that Matters Is That You Own Both

The entire world-wide banking system is corrupt and run by corrupt people whose only objective is to steal as much of your money as they can. We are of the mind that the western banking Ponzi scheme can go on for longer than most expect. It could take one or even two to three years longer before the fiat system unravels. Things could also go awry in the next several months. Regardless of when, the handwriting is on the wall for those who pay attention.

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Silver Could Be The Tipping Point While Gold And China Get All Attention

| February 23, 2014 | Category: Investing
Silver Could Be The Tipping Point While Gold And China Get All Attention

No matter what phase a market is in, there will always be set-up opportunities that offer limited risk and a higher probability for a successful outcome, and that will also happen for gold and silver. As ongoing buyers of the physical, we are not too concerned about missing a rally or two in a down trending paper market. It is critical to know that one should always make decisions about the reality of a current market and not what one may think will happen in any given market.

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