Michael Noonan – A proverbial picture [chart], being worth 1,000 words, we will let the charts speak for themselves, with observations/comments attached to each one.
From our perspective, the charts are saying, irrespective of what anyone is reading or following regarding gold and silver, there appears to be no change in trend for the near term. The state of China’s economy; possible confrontation between China and the US now sending ships to irritate/challenge China’s control over it part of the ocean where she is building new bases; flagging response to the Fed’s ongoing failure of injecting more and more fiat in an already over bloated fiat economy, in fact, world-wide; Russia’s ongoing embarrassment of Washington with Russia’s pinpoint air force accuracy bombing ISIS terrorists, and commensurate challenge of taking control of the Mid East from the flailing Sunni Arab coalition, Western political disarray, etc, etc, etc.
Then there is the never-ending slew of new directly related information as to facts and fundamentals about gold and silver and the ever-missing market interpretations arising from all available information.
As we always maintain, charts are the cumulative distillation of all news and also the input from all buyers and sellers that can impact the market that would otherwise be impossible to assemble and then assimilate in order to make sense of it all. The charts’ developing market activity accomplishes that. It then becomes a function of how well the charts can be understood in the message[s] being conveyed for all to see.
The most obvious competition for Precious Metals [PMs], is fiat currency, and no country has been more manipulative in internationally suppressing the price of gold than the US Federal Reserve, aided and abetted by the corporate federal government. It is a perfect cover for the international elite bankers/globalists pulling the strings behind government, while at the same time, having the masses believe it is the government actually in control. Continue reading