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 – Central Bank Death Dance (Part I)

| September 28, 2013 | Category: Price
Gold And Silver – Central Bank Death Dance (Part I)

The reason why gold and silver are not priced higher is not because of the true demand situation, or even the dwindling supply/default on physical delivery circumstances. The question hardly anyone is asking is why are central banks and their servant governments doing everything possible to preserve the soon to be devalued “dollar,” more accurately, FRNs? Central bankers may currently be engaged in their own “death dance,” with increasing odds that their criminal banking scheme is being exposed for what it is and has been. Whether it is allegro or adagio, no one knows. For sure, Eastern countries are no longer tolerating the Western banking Ponzi scheme and are shunning the “dollar,” forever.

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Silver – Not Ready For Prime Time

| September 22, 2013 | Category: Price
Silver – Not Ready For Prime Time

Even we are of the belief and opinion that silver will ultimately go much higher, but the key word is ultimately. For the present tense conditions, that is an unrealistic expectation. From this chart, we know silver is highly unlikely to rally to $100, $200, or $300. Actually, not even $50. Facts keep our beliefs in check and context.

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Gold And Silver – Fed Taper? Never! Never, Never, Ever.

| September 21, 2013 | Category: Price
Gold And Silver – Fed Taper? Never! Never, Never, Ever.

If you want to know why the fundamentals and unprecedented demand for gold and silver has failed to follow the natural law of supply and demand, it is because both have been unnaturally treated by central bankers. The metals are anathema to the issuance of paper fiat, and competition must be eliminated, at all costs.

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Gold And Silver – Do You Prefer Fundamental Tale Or Technical Reality?

| September 15, 2013 | Category: Price
Gold And Silver – Do You Prefer Fundamental Tale Or Technical Reality?

What else is needed to enhance the strong demand side of the market, and one that gets stronger with each passing month? Almost everyone is aware of the disappearing gold act sponsored [in stealth hiding] by the central bankers and abetted by lackey PM exchanges, COMEX and LBMA. Yet, on Thursday into Friday, there was another “take-down” in gold and silver futures. Where is all of this demand that is supposed to take price to elevated heights when it counts?

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Silver – Can $23 Hold? $26 Should.

| September 8, 2013 | Category: Price
Silver – Can $23 Hold? $26 Should.

For now, silver is in a small trading range, and $23 has held. This can change on Monday, if silver were to sell off under $23. We do not know, nor do we have to know. All anyone can do is deal with the available information in the present tense. If new, future market activity alters that view, we get to deal with it then, and respond accordingly.

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Gold And Silver – It Is Always About One Thing: Timing

| September 8, 2013 | Category: Price
Gold And Silver – It Is Always About One Thing: Timing

It is not that the potential for much higher prices is unlikely or the messages are without merit. It is not as though we have not been drinking the same gold/silver Kool-Aid, for we bought gold over $1700 and silver over $45, [physical], and still own it, as well as still buying. No credit here for timing, on that score, although the buying was more than for price sensitivity. It was for the pragmatic purpose of actually having the metals, in hand, no matter where the price was.

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Gold And Silver Prices – Market Says 1 to 2 Years Sideways, Not Up

| September 1, 2013 | Category: Price
Gold And Silver Prices – Market Says 1 to 2 Years Sideways, Not Up

In a week of no news relevant to gold and silver, gold slipped under the 1400 level, for some “unknown” reason, while silver just slipped a little. Friday marked the close of the week and month, for charting purposes. Stand-out wide range bars tend to capture market behavior for the next several time periods, so for a Quarterly, it can be a few years. In the 2011 wide range bar, gold traded sideways for 6 more quarters, before being “driven” lower. The 2nd Q bar, second from the end, is almost equal in size to the range that formed the high. Using past history of how price responds, it is likely that gold, [and silver], will move sideways for another year or two. This flies in the face of so many current, mostly expert opinions.

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Gold & Silver – Those Heeding Market Activity Are Being Rewarded

| August 24, 2013 | Category: Price
Gold & Silver – Those Heeding Market Activity Are Being Rewarded

Friday was another good day for gold and silver. It was similar, but not nearly as time sensitive, to last week’s “Buy Right Here Right Now,” scenario that began a very strong rally. The market has put everyone on alert to be prepared to act. All that is needed is a reason. What would that reason be? If you see a wide range rally bar on increased volume that goes above the TR, it is a buy, as was demonstrated on the previous strong rally bar.

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Gold Silver Price – Fundamentals Never Say “When.” Charts Do.

Gold Silver Price – Fundamentals Never Say “When.” Charts Do.

Fundamentals give the reasons for taking a particular action, but they do not provide the timing. The most important piece of market information always starts with the trend. Gold is now beginning to show signs of a potential bottom. It is too soon to know for certain, at least on the monthly, [not shown], and weekly charts.

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Gold And Silver – Only Votes Cast In Elections Count, Same For Markets

| August 10, 2013 | Category: Price
Gold And Silver – Only Votes Cast In Elections Count, Same For Markets

What was explained on the gold weekly chart applies equally to silver. Of late, silver has shown better relative strength over gold. The level of where support shows in silver is stronger than gold, but the overall chart pattern for gold is stronger than that of silver. New lows remain a possibility, but the probability of that event grows smaller. As noted on the chart, this is silver’s best close in 8 weeks, telling us buyers successively absorbed sellers over that time span.

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Contrary To Popular Belief, Paper Is The Bellwether For Near-Term Precious Metals.

| August 3, 2013 | Category: Price
Contrary To Popular Belief, Paper Is The Bellwether For Near-Term Precious Metals.

Weekly trend remains down. There was evidence of a potential upside breakout rally, two weeks ago, but no follow-through. It is possible last week was a supporting retest, but that will have to be confirmed by higher prices in the week coming, or gold will continue to languish in its paper malaise.

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Silver – A Change In Behavior. Enough For A Bottom?

| July 29, 2013 | Category: Price
Silver – A Change In Behavior. Enough For A Bottom?

With this editorial, we turn to the charts, ignoring the fundamentals, all the news. All we need to know has already been “priced in.” Everything else is an expectation based on news and fundamentals, and they do not always go hand-in-hand with market reality. The best example we can cite is where price expectations are/have been within the precious metals community, $50, $150, $300, and where the reality of price is, by sharp contrast, just under $20.

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Gold And Silver – Newton’s 3d Law Ready To [Over]React. Be Prepared.

| July 27, 2013 | Category: Price
Gold And Silver – Newton’s 3d Law Ready To [Over]React. Be Prepared.

Do not play Russian roulette with the timing of your purchases, anymore. In fact, the Russians, [and the Chinese, and the Indians, and the Turks, and the Arabs] have been the willing beneficiaries of this blatantly stupid move by Western central bankers to scare people away from owning physical precious metals.

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When [?] Gold And Silver Bottom Is Irrelevant To Your Financial Health

When [?] Gold And Silver Bottom Is Irrelevant To Your Financial Health

There is no evidence of a change in trend. The gold and silver price can still go lower, possibly move sideways, and have occasional rallies, a natural feature of all bear markets. Know that it takes time to turn a trend around. If you keep a focus on what the intrinsic value of gold and silver offer, [rights, title, interest], you may feel less pressure to have price turn around to the upside and more secure in your holdings. At current low prices, opportunity is so ripe.

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