Michael Noonan – The developing events over the past few months are so varied, seemingly unrelated but are all tied in, just not in a cognitive manner that makes sense, and almost all them are based upon lies by one government after another, the worst offender being the US.
We find it hard to make a cohesive explanation as to their impact. This increasingly maze
of events is mean to confuse, to deflect. It is a key element of the elites creating problems,
reactions [usually confusion or panic by the masses], and offering solutions. Cyprus and Greece are similar examples. The Ukrainian coup by the US, sanctions against Russia that have so badly backfired. China an added part of the SDR, then maybe not. The list is much longer.
Because we cannot make a hand-to-eye conclusion as to how the unfolding event affects the ongoing suppression of the prices for gold and silver, most of the world’s unfolding events
are directly or indirectly tied into PMs as they relate to the increasing currency wars, now
being stepped up by China.
When in doubt, we always revert back to that which cannot be denied: the reality of price.
Stories cannot be made up or twisted in an infinite number of self-serving ways to hide the truth. What cannot be hidden is price and what it reveals. For that story of greater certainty, we look to developing market activity and how it reflects the character of any given trend and where price fits in within the developing trend.
That cannot be hidden.
As an aside, we just posted an article by a man identified only as Hugo, entitled, Europe’s Crises: a Dutch Perspective. It is the kind of information we like to present, but Hugo did it better. A good read, from our “Anything Goes” section.
The charts for the fiat Federal Reserve Note, [FRN], are included because they are the antithesis of real money, gold and silver, and the fiats, in any form, are how the globalists maintain their debt enslavement over an unsuspecting, [certainly unbelieving] and willing public.
The resistance at the 98.50 area remains intact. The price rejection of two weeks ago could be a more temporary stopping point than a similar one from four weeks earlier. Four weeks ago, the reaction last only one week, and price closed near the high of the range. Last week the range down was much wider, and price closed nearer the low. This makes a weaker statement, especially since the rally high of two weeks ago was a probe higher than the one of four weeks ago, making nit more of a bull trap for those who thought they may be buying into higher highs that failed to develop.
Last week’s reaction can be seen more clearly on the daily. The lack of downside follow through after Wednesday’s break under 96.50 recent support, 3 bars ago, shows two rally attempts with upper range closes, a plus statement for buyers. However, it is negated by the lack of further upside, making that two-day rally effort a relatively weak one. Continue reading . . .
Michael Noonan is a Contributing Writer for Shift Frequency
SF Source Edge Trader Plus August 2015
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