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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Silver – Letting The Market Speak

| December 8, 2013 | Category: Price
Silver – Letting The Market Speak

The conclusion to be drawn is respect for the trend, clearly down. Where we have shown a positive “spin” on the character of price behavior at the current lows, that is still where price is, at the lows. One can not be bullish here by any stretch of the imagination. As to buying physical silver, we are likely looking at a price level that will not be revisited in the next few generations. Price may still go lower, to some degree, but what the Federal Reserve is doing to destroy the fiat currency and the economy makes asking the question of to buy physical or not a superfluous one.

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Gold And Silver – Your Economical Survival Depends On Them

| December 7, 2013 | Category: Price
Gold And Silver – Your Economical Survival Depends On Them

Those who are buying, accumulating, and personally holding physical gold and silver stand the best chance for economic survival when and as the US “dollar” is devalued and the financial system collapses, or undergoes dramatic change.

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Gold And Silver – Reverse Bubble. Huge Rally When Broken. Note Bitcoin Results.

| November 30, 2013 | Category: Price
Gold And Silver – Reverse Bubble. Huge Rally When Broken. Note Bitcoin Results.

There are so many pieces to the entire puzzle, and for all the known ones, those which are most important are unknown to the great majority. All one can do is to continually monitor events and prepare accordingly. The best predictor of the future has always been past behavior. For centuries, the most reliable preparation has been the ownership of gold.

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Gold And Silver Price – Charts Tell The Story. Decline Not Over.

| November 23, 2013 | Category: Price
Gold And Silver Price – Charts Tell The Story. Decline Not Over.

However important underlying fundamentals are, in terms of supply v demand, they have been and continue to be of little to no use in determining when reality will reenter the market. When that happens, price will adjust and reflect the true picture of gold and silver’s record [demand] accumulation. All that matters for now is the political situation involving the moneychangers and their puppet government regimes giving them cover during the end game of their world-wide theft.

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Gold And Silver – When Fundamentals Fail And Charts Prevail

| November 17, 2013 | Category: Price
Gold And Silver – When Fundamentals Fail And Charts Prevail

There is a small possibility of a low from the last week of June, and there have been two potential retests that have held, so far. If this lower probability proves out, it is unfolding in a weak manner, which is no surprise given what was just explained about the character of the market’s overall weakness. Assume for the moment that we are looking at a possible low, because it is developing slowly, even under this scenario, it will take much more time for buyers to turn this market around. Should price go lower still, then the time frame for a turnaround will be extended even more.

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Silver – A Technical Perspective

| November 10, 2013 | Category: Price
Silver – A Technical Perspective

Everyone in the world who follows silver knows the importance of $26 for silver. Until price can rally and hold above it, do not expect higher levels. There is a small 8 week base that is currently being retested by another small trading range. Whenever a trading range retests and holds above the previous one, it has a bullish connotation. Because silver is in an overall down trend, upside strength is not a dominate factor, so expect additional time required to develop a more overtly bullish character.

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Gold And Silver – Cognitive Disconnect Between Physical And Paper

| November 9, 2013 | Category: Price
Gold And Silver – Cognitive Disconnect Between Physical And Paper

All the bullish news that has been reported, month after month, for the past few years has done nothing to change the recent down trend. None of the bullish news that will come out next week or next month will have any effect, either. People are looking at the wrong measures for a turnaround.

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Gold And Silver – Fundamentals Do Not Matter

| November 2, 2013 | Category: Price
Gold And Silver – Fundamentals Do Not Matter

If fundamentals mattered, gold and silver prices would be substantially higher. They are not, and for a reason. It is not hard to define what factors are influencing price, for they are political, even criminal under normal circumstances. These factors are, in two words: central bankers. The money changers still have a stranglehold on the financial system, and nowhere it is more evident than in the price of gold.

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Gold And Silver – Sticking With The Charts, From A Buddhist Perspective

| October 26, 2013 | Category: Price
Gold And Silver – Sticking With The Charts, From A Buddhist Perspective

Charts are the distillation of all available information, including inside information, even manipulation. If demand is greater than ever; if supply is shrinking, relative to demand, yet price is and has been moving lower, then the problem is manipulation. The charts for both gold and silver have been steadily reflecting that fact. What that fact is telling the world is that the manipulators have been in control.

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Gold and Silver – Back Story vs Charts; Charts Are Superior

| October 20, 2013 | Category: Price
Gold and Silver – Back Story vs Charts; Charts Are Superior

Is there anything that has not been presented, repackaged and represented that has not already been more than fully covered to justify much higher price levels? Have any of them achieved what was promised? The most reliable current story is found in the charts. Why is this so? Like we say, do not listen to what people are saying about the markets, listen to what the markets are saying about the people.

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Gold and Silver – Western Bankers [Forced] Bowing To China

| October 12, 2013 | Category: Price
Gold and Silver – Western Bankers [Forced] Bowing To China

On Friday morning, gold trading was shut down for 10 seconds in a “stop logic” event, as the CME explains. In essence, when there is an overload of orders that cleans out stops, the market halts, “designed to prevent exaggerated price movements.” In a sorry-ass explanation that defies common sense, except to protect the criminal exchange behavior, we give this CME propaganda no further consideration.

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Silver – QE4ever, POMO4ever, Nevermore4ever

| October 6, 2013 | Category: Price
Silver – QE4ever, POMO4ever, Nevermore4ever

While there have been projections for silver to reach $100 the oz, $200, even $300, it really does not matter. Whatever the price, it will justly reflect all the mishandling of the economy by the central bankers, and those who own and hold silver, and gold, will reap the benefits of their foresight learned from hindsight. The day is coming when central bankers will lose total control, and the message to them will be clear as sound money is reestablished: Nevermore! 4ever!

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Central Bank Death Dance: Good & Bad News For Gold & Silver

| October 5, 2013 | Category: Price
Central Bank Death Dance: Good & Bad News For Gold & Silver

The Death Dance continues to unfold. It will get uglier and much worse before it ends. The fiat “dollar” is wearing no financial “clothes,” but most of the watchers seem not to notice, or care. Those who care do not matter, while those that matter do not care. When the end comes, it will be fast and furious. Those who failed to act and those who acted too prudently for timing will miss out. No one knows the when, but if it is months or years. Do you have your gold and silver safely in hand?

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Silver – Pushing On A String

| September 28, 2013 | Category: Price
Silver – Pushing On A String

The final close for the monthly chart is Monday, but unless price makes a dramatic move up or down, September has been an “inside range” bar. It has done little to erase the stronger August rally bar, and for that reason, a slight edge goes to the bulls. What is critical now is for demand to take over and rally price higher. Sentiment aside, our expectation is for a more protracted sideways range in the months ahead. We could be wrong, but it is an “odds-on” assessment.

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