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Panicked Overt Precious Metals Selling By Elite

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Michael Noonan – The Military Industrial Complex [MIC], economic war, and massive amounts of newly created debt, year after year after year, have the common purpose of protecting the Federal Reserve fiat Ponzi scheme to preserve the failing “dollar” as the world’s reserve currency.  Except for phony accounting, all banks are failing, massively underfunded and totally insolvent.  Everything possible is being done to prop up these banks to keep the illusion of financial stability alive, even resorting to stealing from depositors.

Why anyone maintains fiat money in a bank is a mystery defying fiscal self-responsibility.  All retirement accounts, at least in the United States, will be subject to government confiscation replacing everyone’s investments with worthless government bonds.  After all, who more than the federal government can better manage your own funds?!

All local police forces are being militarized.  There are even rumors that the UN wants to have all police under their foreign umbrella of control.  If that ever happens, it will be proof positive that the end game is in its final stages.

If the elites are so focused on preserving their fiat Ponzi scheme and so intent on wrecking the gold and silver markets, you can be 100% assured that acquiring both or either metal is the smartest move one can make to escape the certainty of the Western world financial calamity that is destined to follow.  It did not happen, as expected by so many, in 2013.  It did not happen in 2014, 2015, and 2016 is nearing the end of the 3rd Qtr, the latter half of 2016 viewed by many, again, as to when the monetary system will fall apart, or begin to fall apart.

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February Heralding End Of Down Trend?

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marketMichael Noonan – Applying market logic:

We often state that the market is replete with logic, even for those who do not know how or do not like to look at charts to explain the markets.  Charts that explain developing market activity have been superior to all fundamental analysis over the last several years. For us, that statement would include for as long as charts have been maintained, starting with Japan’s rice market, a few hundred years ago.

Most market participants have some [unrequited] need to have fundamentals be the driving force behind their market comprehension.  [See the stock market top from 2008 and the ongoing follow-up by fundamentalists who were unable to comprehend how their world of value investing had just been turned upside down.  As an aside, charts were flashing a major sell signal after the top but well before the collapse].  We digress…not really.  The point is valid.

There have been many calls over the past few years for a bottom in gold and silver, yet none ever materialized.  Just like in advertising, the same old products are repackaged as “new and improved,” those so-called gold/silver pundits simply ignore their past and call for yet another bottom.  People have short memories, except for when their accounts have suffered from believing and acting upon past false calls, and everyone is hungry to be among the first to participate in the final bottom that begins a trend reversal.

We are putting ourselves out as viewing February as perhaps signaling a potential turn in trend for gold and silver, and if true, it would mark December 2015 as a bottom.  We leave the door open for the possibility of yet another new low, not as wiggle room or talking out of both side of our mouth, as it were, but regular readers of our commentaries know we like to see confirmation of any market call.  Without confirmation, there can be no change, and to date, there has been nothing to confirm a bottom in PMs.

The significance of February is its decided change in market behavior on the monthly and weekly charts.  The significance of the monthly and weekly charts is that both are more controlling for trend direction and, as a consequence, require more time to turn.  Neither are used for market timing, the daily serves that purpose.  If there is to be a change in trend, it will show up on the daily before the weekly and monthly.

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Monthly, Quarterly Ending Analysis

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Michael Noonan – While not many pay any attention to these two larger time frames, especially the Quarterly, both are more controlling and receive greater attention from smart money players.  These time frames are not at all used for market timing, but they do show the
dominance of a trend.  It also takes considerably more effort to effect changes on either
or both.

There is no need to reference any news events because current events cannot alter the established trends, and the collective current events of the past several years have done nothing to change the trend.  We take that back.  For the last year, while the overall trend has been down, price has been relatively neutral in the sense of moving sideways instead of lower.  That noted aspect is actually a change in behavior, and it is more evident on the silver chart.

As an editorial aside, while most of the world is focused on the  Greek debt farce, what is not grabbing anyone’s attention is the much, much bigger farce known as the EU, now being exposed for its empty threats against Greece for that country’s refusal/inability to repay its purported debt.  Tsipras is exposing the toothless Wizard behind the [debt] curtain, huffing and puffing meaningless demands, “or else!”  [The “or else!” especially coming from Merkel, day after day, again to no effect.]

What the world is not seeing is exactly how the Debt Emperor is wearing no clothes!  There is no way these bureaucratic clowns can enforce anything, and if they cannot control a tiny, defenseless country like Greece, then for EU, BIS, and all other alphabet-types that are a part of the debt meister’s enclave, it is game over.  The only reason why it is not game over is the public does not get it.  They do not understand all the banks are bank-rupt, and Greece is exposing the Ponzi scheme.  Take a closer look at what is going on, [Greece], and what is not going on [EU’s inability to do a damn thing about getting “repaid.”]

Repaid?  What did they lend to Greece?  Imaginary digitalized fiat [as in not real] “currency.”  If Greece were smart, it would repay what was received…simply send back the full amount, plus interest, in the form of digitalized blips to the EU.  That would balance what the EU/IMF “loaned” to Greece and getting what was “loaned” returned in full.

Play the same game, Greece.  No bank in the Western world has anything of substance to lend, except digitalized computer entries created out of thin air.  Greek people [and the rest of the debt-enslaved world] are suffering financially over computer entries?  Come on, world, Greece is pulling back the curtain and no one is looking!

If you grasp the significance of this, you have every reason to be worried.  The elites have been running the biggest con game ever, and it is accomplished by keeping people ignorant.  Of what? Continue reading →