Click4Silver RSS News Feed

Saturday  7 November 2015

There are two things we know for certain about gold and silver:  1. Fundamentals do not apply [currently], and 2. There are no signs to indicate an end to this half-decade old bear market.

There have been many calls for a turnaround in gold and silver since 2013.  In fact, the calls were not just for a turnaround, but also calls for $10,000+ gold, and $400+ silver, starting in 2014.  It became apparent to us in the first half of 2014 that it would end with a whimper, just as 2013 did,  and as 2014 continued, it seemed equally as likely that 2015 may not fare much better, and it not only did not, but it got worse with lower prices and the prospects for still lower prices to come.  This puts the first part of 2016 in question.

We chose to comment on the Syria situation over the past few weeks because it seemed
to address the fact that gold and silver would not show any signs of a turnaround for as long as situations like Syria exist with zero fear impact to move gold higher.  We say fear impact because there is a greater probability that the Middle East, and Syria in particular could ignite WWIII.

It makes no sense to discuss fundamentals as applied to PMs because they are inoperative at the present time, thanks to globalist US central bank manipulation, [throw in the UK].
It is taking far longer than most expected for gold and silver to reflect the incredible world imbalance between issuing endless fiat, corrupting bonds, and hiding everything behind a shadow derivative market.  There can be no doubt that ownership of physical gold and silver will reward their holders.  It has been proven so throughout time, and it will prove to be the case this time around, as well.  Keep buying, keep holding.

The Obama administration is doing everything it can to create the potential for eminent disaster on top of the disaster it has created in creating ISIS as a means of unlawfully getting rid of an elected president in Assad.  Saudi Arabia, Qatar, and Turkey are also doing their part to make a bad situation worse to make sure Shiites do not gain any more power or control in that trio’s backyard.

If these unfolding events cannot bring to bear any impact on the price of gold, then gold and silver will remain as mired down at low levels as much as the US has remained mired down in its failed policies throughout the Middle East in its destabilization efforts to being about change.  Russia’s support of Assad has exposed both the duplicity and ineptness of the US trying to get rid of the Syrian president.

Americans live in a media bubble that precludes them from hearing what is actually going on in Syria, even Yemen. Let us back track about 6 or 7 months ago.  Russia had proposed a UN Security Council resolution prohibiting the use of Space/Cosmos for military purposes.  Guess which country vetoed it?  A few weeks later, Russia renamed its Air Force to Air-Cosmic Force.  There was zero media coverage.  Absolutely none! Then, just 2 weeks later, a US satellite was blown up, ostensibly because of a “sudden temperature increase.”

We will never know what the purpose of the satellite was, but it is odd that this happened, and it is an example of the subsidiary events that do not seem directly linked to the Middle East, yet the common denominator linking the US is Russia.  The globalists want Russia subdued into submission, and Obama is doing what he can in the service to the globalists to bring Russia to her knees, but Putin  has become an embarrassing thorn in the sides of the globalists and Obama.

Recently, Laura Seal, spokeswoman for the US State Dept, said Russia was bombing Syrian hospitals and killing civilians. When pressed by two reporters, one from RT [Russia Today], she refused to give any specifics. [Hard to justify lies when pressed for the truth.] However, the US has admitted, on record, to bombing a hospital in Afghanistan, a Doctors Without Borders hospital, killing 30. Further, civilians fleeing the hospital on foot were shot down by the planes, according to surviving witnesses.

Not only has there been no US media coverage keeping the American public [un]informed of events, there has been no accountability for the Nobel Peace Prize recipient Obama’s failed intervention in Syria being responsible for the loss of over 300,000 lives and the displacement of over 4,ooo,ooo refugees.  Instead of trying to defeat ISIS, which the US claims is one of the worst imaginable terrorist organizations, [created, financed, and armed by the CIA], Obama is ramping up ammunition drops to ISIS and other terrorists and sending more troops to Iraq to halt Putin’s momentum.  The chance of a major war increases everyday.

Syria has officially asked for Russia to intervene, and Syria has also told the US it is neither wanted nor needed. That has not stopped Obama as he and his neocon advisers have decided to put 30 – 50 special ops advisors in Syria, aka boots on the ground, something Obama promised not to do on at least 16 recent occasions. Of course, Obama has an unblemished record for not keeping any of his promises.

[Neocons are all for curtailing civil liberties, free markets, and want to see national identity cards introduced in the US to easier track people].

It is no coincidence that just a few weeks after Russia began bombing ISIS strongholds and killing large numbers, embarrassing the US again, a Russian commercial jet airliner mysteriously exploded in mid-air, killing all aboard.  Interestingly, it was the US that was first to claim that a bomb had been placed on board the flight.  As another aside, it should be noted that Israel is in charge of Egypt’s airport security.  [What could go wrong there?]

What led the US to express that conclusion?  It had a satellite thermal image of a bright flash occurring just as the plane was destroyed in the air.  How interesting the US would be following by satellite a Russian commercial flight out of Egypt that happened to capture the explosion in real-time.  Why would the US be following a routine commercial flight out of Egypt by satellite?

Recall how last summer, 2014, when Malaysian flight MH-17 was shot down while flying over Ukraine.  You can bet that the US was closely following this war region by satellite in an area where it had an active interest, yet for some reason, it never spoke out about having satellite images of that flight when actual thermal images existed.  For those with short memories, the day after the downing of flight MH-17, Obama announced that the plane was downed by Russia, accusing Putin of being involved.  There is a reason why Obama never uttered another accusatory word since, and he certainly never retracted his accusation against Putin.

With the downing of the Russian jet, killing all aboard, how does Obama respond?

On Tuesday November 3rd, U.S. Defense Department spokesperson Laura Seal announced that twelve F-15C air-to-air combat planes are being sent to the Incirlik Turkey Air Base for deployment in Syria against Russia’s Su-30 air-to-air combat planes. Neither the F-15C nor the Su-30 can destroy ground-targets, only air-targets — enemy planes.

It is important to understand that the F-15C planes cannot destroy ISIS ground targets. Rather, the planes are solely for air-to-air combat. Guess which is the only country authorized to fly in Syrian air space? Yes, Russia. So Obama is deliberately sending in planes that may eventually be used against Russia’s Su-30 fighters.

Can there by any doubt in anyone’s mind that the US and the Obama regime are deliberately interfering in another sovereign country’s affairs, especially after being told the US was not welcome there? The US has been doing everything possible, for decades, to subdue, and destroy, if necessary, Russia? Why else would the US be doing everything possible to place NATO bases as close to Russia as possible?

If, and everyone hopes it remains “if” and not when,  WWIII is started, it will be from the direct actions taken by the most aggressions/suppressive nation on the planet, the corporate federal UNITED STATES, owned and directed by the globalists.

Many, if not most Americans still believe the federal government is there to protect them, in some way. We always advocate that people do their own due diligence and not take our word for anything said in these commentaries. Every US citizen was declared to be an enemy of the federal government by an amendment to the Trading With The Enemy Act in 1933. It is harder to verify now on the internet because a lot of information is being “sanitized,” but persistence will pay off.  The federal government is not why people think.

It was a matter of time before the Federal Reserve fiat issue “dollar” would renew its upward pressure.  The Fed is irretrievably caught in its web of fiat self-destruction, at least for the US and a good part of the EU.  More than likely, the globalists are grooming the Yuan to replace the “dollar,” but China is not prepared to take over that role of the world’s reserve currency.

It is not impossible to say China may never take over that role, but if it is to be the globalist’s Special Drawing Rights [SDRs] that become the next de facto world currency,
China will want to and will play a more important role and have a greater say.  Russia and its Ruble remain a question mark.

As we have noted all year, the currency correction has been relatively weak, and weak corrections auger for higher prices.  There is no way to know how much higher the deception of the fiat “dollar” will go.

In any/all TRs, a resolve is reached as price moves farther and farther along the RHS of the TR [Right Hand Side].  There will inevitably be signs of some form of ending action that declares the down trend  to be finished.  We have not yet seen any such sign.  The sooner price can make a new recent lower low, the greater the probability that the down trend will end.  In that regard, everyone who wants to be bullish should cheer on lower prices, for now.

If the daily chart conveys any message at all, it says the down trend is not over, and the probability of a new recent low is greater, as of last week. The EDM [Ease of Downward Movement], since the mid-October high is an overt statement that sellers remain in full control, and buyers remain unable to help their own cause.

The trend is down, and knowledge of any trend is a one of the most important pieces of information one can have.  We have been making this point for the past few years and will continue making it until a change has been confirmed.

Never fight the tape, an old saw that will always remain true.

Compare the TR section from June 2013 through October 2014, with the lower TR from November 2014 to date.  The latter, lower TR has smaller ranges and is more compact.  This is the market advertising the fact that sellers, while still in control are finding it more difficult to push price lower and faster over the past year.  It may be a clue that the end of this protracted TR gets closer to ending.  All that is needed is a form of ending action, and there is none.

The false breakout, 8 TDs ago, looked promising because of the relatively weak correction following the rally at the start of October.   We took a small position on the breakout and
experienced a small loss.  No one can be blamed for getting long, based on developing market activity that had a positive formation, for there was really no way to anticipate the manner in which price did ultimately reverse so quickly.

The use of stops kept exposure at a reasonable level, and stops are a necessary requirement.  Anyone who trades without stops is asking for a shortened trading life.

More patience is required in holding gold and silver.  Buying and holding still makes sense.  The fiat “dollar” cannot and will not survive.

http://edgetraderplus.com/market-commentaries/gold-and-silver-deception-not-fundamentals-rule-pms

Saturday  19 September 2015

To almost all Americans mentioning Ufa will bring a blank response.  What is Ufa?  None would ask, “Where is it?” for there has been no mention of it anywhere in the mainstream media.  Does Ufa matter?  Yes, but in this country it does not.

Here is a primer on understanding many acronyms the average American has no clue even of their existence.  First of all, Ufa is not an acronym, it is the capital and administrative center of Bashkortostan Republic, Russia. It is one of the largest Russian cities with a population over one million people.  It was founded in 1574.  Now you know more than 99.9% of the average American, with just two sentences.

On to the acronyms: BRICS, Brazil, Russia, India, China, and South Africa, the core nations creating an alternative to Western [destructive] domination.  SCO, Shanghai Cooperation Organization, originally organized as a military cooperative in Asia, akin to NATO, but has since taken on some additional economic importance, as well.  EEU, the Eurasion Economic Union, akin to the EU, European Union.  [This may begin to seem like a refrain from the East to the West: “Anything you can do, we can do better.”]   AIIB, Asian Infrastructure Investment Bank, and NDB, the BRICS’ New Development Bank, counterparts to the IMF and World Bank, but without the required onerous debt burdens. Finally, CRA, Contingency Reserve Agreement, yet another layer of reducing the importance of Western financial domination.

It would not be an unfair comparison to state that next to world chess player, Vladimir Putin, Barack Obama is an ordinary checkers player with just moderate skills. In mid-July, while Obama was forcing an unnecessary nuclear restraint against Iran, a country with no nuclear capabilities, except according to the neocons in the United States, Putin convened a summit of the BRICS members, [while 5 nations, it has associate members in excess of 100, those tired of the American version of how the world should be run, or better said, ruled.], combined with the EEU members.

It marked the official launch of the NDB, providing a unified economic lending benefit outside of the Western banking stranglehold, bypassing and making irrelevant the fiat “dollar.”  The BRICS also established the Contingency Reserve Agreement [CRA], with
an additional $100 billion available to member states and effectively renders the overly stringent requirements of the IMF and World Bank as superfluous and makes for new competition to Western dominance, which continues to weaken.

The combination of the NDB and CRA bolsters economic ties with BRICS members, making it easier to obtain loans to strengthen national reserves, if needed, all without
using the Western International Monetary Fund [IMF] and World Bank.  Perhaps more importantly, there is zero need for using the US fiat “dollar” as the now mostly Western
world’s reserve currency.

Why was none of this reported in the US press?  “Keep them stupid,” is probably the simplest response.  What people do not know cannot hurt them, and it allows the elites
to do everything and anything they want with little repercussion from a unknowing mass
of ignorant citizens.  Essentially, Western financial dominance is being displaced, and
this will critically harm US interests, especially for the unsuspecting inhabitants who question nothing the [non-representative] US government does.

The summit at Ufa spells the eventual demise of the US fiat “dollar, ” which, in turn, will produce major financial disruptions to all Americans [Wall Street bankers and immune politicians excluded], when the fiat Federal Reserve Note [blindly accepted as real
“money” by Americans and others throughout the world], loses half of its value,
or more.  If the implications behind Ufa are still not clearly understood, the Eastern
powers have already been doing business without the fiat “dollar,” and Washington is
helplessly beside itself as it loses control.  [Expect more [smaller] wars, and do not rule
out a big one.]

The world is fast changing, and while Ufa is not a dominate feature on the world stage, it
is an important one of so many, unnoticed by so many American, so unaware.  Those unaware are unaware of being unaware.  So true.

As we approach the last Quarter of 2015, what changes failed to develop in 2013, 2014,
and now 2015, [so far], could conceivably extend into, even beyond 2016.  The US has sponsored numerous proxy wars, Ukraine being one, and the Middle East being the center hotbed for so many more, all diversions to keep people’s minds preoccupied with minor
[relatively speaking] skirmishes, [not to diminish the tragic loss of so may innocent lives].
These distractions are meant to detract from the Globalist’s stripping  the wealth of the Western world, QE-Forever, ZIRP, negative rates, banning of cash, and the biggest and least acknowledged war on gold and silver, anathema to printing infinite amounts of fiat
to finance the theft of people’s wealth.

The National Security Administration [NSA], [the larger and true-to-life-version of George Owell’s “1984”], the ongoing militarization of police around the country, confiscation of all wealth via fiat-issue, the destruction of the middle class and elderly, actually, the American way of life, are visible [but often unseen by the public] signs of the end of this country as the US, as a nation, continues its unabated slide into Third World status.

Will gold and silver accumulation save you?  That has been the conventional wisdom.  Is
it still valid?  Yes and no.  Yes, in that one will be far worse off without either, and being
prepared is more than half the battle, and make no mistake, people are in a battle against
the corporate federal government [for many, unknowingly and inconceivably].

What about the “No” part?  No one knows the extent to which the government will clamp down on the citizens over which it rules.  Banning cash becomes more vocal, to wit, the
Rothschild’s Bank of England just made such an announcement.  It will be the end of financial freedom and make owning/dealing in/with gold and silver more problematic.

In banning cash, and while not a done deal [the US survives on the narcotics trade which uses only cash, so that has to be solved, first], the government will be able to monitor every single transaction by citizens who must rely solely upon digital currency.  Buying gold or silver may well be viewed as a “terrorist” act to subvert the “legal” digitalized “currency system.”

With relatively few American owning either gold or silver, with whom will you be able to interact buying/trading/bartering in exchange for your gold/silver.  Plus, you run the
very real risk of being “ratted out” by someone who would be more than willing to do his or her [un]”patriotic” duty to inform authorities, maybe even receiving some kind of reward for doing so.  It will not be easy to transact or trade in PMs.

That said, black markets have always existed, and oppressed people will always find a way.
To be without gold or silver is an invitation to be fully shorn by whatever existing powers that be.  The fact that PMs have been so artificially suppressed; the fact that the elites demand payment in gold/silver first and foremost is another message of the importance of owning same.  Do what they do, not what they say.

The end game is at hand.  It can and will go on for much longer than most people expect,
as the passing of 2013, 2014, and most of 2015 have amply demonstrated.  Do not allow yourself to be distracted, not by events, not by suppression, and not by the passing of time.
Stay focused and continue the accumulation of both gold and silver.  We reiterate that the gold/silver ratio favors accumulating silver over gold, at this point.

A look a the charts…

We include the fiat “dollar” due to its perceived importance and stating it is the enemy of the enemy, in that gold and silver give lie to the lies of the central bankers who use fiat to confiscate your wealth as well as of nations.  The undeniable and observable fact is that the “dollar” is acting relatively well.  If you note how little the current trading range has retraced gains from the 2014 lows, it speaks to how the probability of the “dollar” prices going higher remains high.

For as long as this controlling  fiat stays strong [for how much longer?], it is hard to see how gold and silver will be able to recover from current levels, even slightly higher levels.

Where “pictures” say a lot, there is little reason to add more, and the chart comments are on point.

Do not be taken in by the rally of last week.  There have been larger ones, January comes to mind, that have failed, over the past 5 years.  Markets take time to bottom, and we do
not see a bottom in place.  Patience remains the watchword, as if there were a choice.

You can see how slight progress has been, even to the downside, since October ’14.
Until there is a conclusive washout, lower, or a more substantial rally on volume and
with demonstrated staying power, expect more of the same.

If more could be said than that which already has, we would say it.  Nothing more can be
added, at this point, for more needs to happen.

 http://edgetraderplus.com/market-commentaries/gold-and-silver-ufa-why-it-matters-but-does-not

Friday  11 September 2015

The events unfolding around the world, or perhaps better expressed, events unraveling at such a rapid and confusing pace can only be a prelude for the disastrous consequences that inevitably will follow.  While it may be hard to reconcile, all of this has been orchestrated by the global elites who fully intend to create as much havoc and destruction as possible, the Problem.  They then monitor the Reaction, now around the world and not just confined to specific countries and regions, and what everyone is seeing is chaos, but it is an intended chaos that will lead to a Globalist’s Solution.

What might that Solution be?  The final rise and control of their vaunted and planned New World Order.  Nation states are being weakened, if not destroyed.  In the Middle East, the destruction is literal.  In many European and South American countries, the destruction is the result of financial attacks, weakening a country’s ability to exist, the preeminent example being Greece.  There are similar prospects for Spain, Italy, Brazil, constant attacks on the Russian economy, and now China

The globalists are operating behind the curtain of the corporate federal United States,  Oz, if you will, with the elitists as the Wizard.  Any American who believes the United States has their best interests, as citizens, simply do not comprehend how detached the corporate United States is from its citizen serfs.  “How can that be so?!” most citizens would incredulously ask.  Yet, they refuse to consider the pieces of the puzzle in plain sight but invisible to their captured minds.

It all started with the takeover of the US money supply, culminating in the Federal Reserve Act of 1913, a fact to this day lost on most Americans and their inability to comprehend the implications, making no connection to today’s resulting financial ills.  Another is the Patriot Act.  What American does not want to be “patriotic,” and isn’t that what the
Patriot Act “sounds” like?  Yes, intentionally so, but its contents belie the title, and again, people are purposefully being misled.

The UN’s Agenda 21 does not even exist on the radar of most Americans, even though its consequences of stripping American of all rights and land ownership in its crosshairs.  FEMA, TSA, Homeland Security, the NSA are all administrative creations.  Few American have any clue that administrative agencies function and operate outside of the Constitution, not that the Constitution has any relevance, today, except in the uninformed minds of Americans who unwittingly cling to it.

These are a handful of the more overt circumstances designed to intentionally erode the right to exercise any independence from the federal government, the primary tool used and controlled by the Globalists, yet Americans continue to believe voting matters.  All politicians are bought, paid for and controlled by corporate interests.  If Americans do not see the insidious nature of these obvious circumstances, trying to explain the more subtle ones, such as propaganda and mind control, becomes an absurdity in their minds.  Call that a total victory for the Globalists, operating behind the curtain most Americans refuse to inspect.

These are broad strokes that have been important elements leading up to today’s chaotic existence around the globe.  No country remains unaffected.  Everything going on is being directed with the intended consequences of controlled destruction soon to be replaced by controlled construction of the New World Order.  Now being added to the mix are the immigration problems of displaced Middle Easterners flooding into Europe, and Europe doing everything possible to stem the tide.

Chaos everywhere, in as many forms as possible to keep people distracted, wearing them down, tiring of the Globalist-created Problem, with Reactions being played out in as many global arenas as possible, setting the stage for the final Solution, a NWO, that will be ironically welcomed to escape from never-ending problems.  “We want a solution!” will be like a battle cry, and the Solution will not be the solution people expect.  Checkmate by the Globalists.  Welcome to their New World where all problems are seemingly solved, and everyone lives under single world rule, using a single currency as control.  What did George Orwell know, anyway?

It is now more important than ever to stay focused on the markets, the best and most reliable barometer to see the distilled consequences evolving everywhere.  Smart money always has a large degree of control over the markets, and if you want to have a read on the intentions of the Globalists, pay close attention to what the markets are doing.

The stock markets around the world are reeling from the effects of out of control central bankers trying to hide their behind-the-financial-scenes dirty derivatives laundry.  You have all head about them, these “Too Big To Fail” banks.  They will not be allowed to fail because they are owned by the Globalists, their ATMs at the expense of the public.  The Globalists have been preparing for the ultimate failure of the financial world, as it exists,
with a new plan waiting in the wings, behind their Curtain.  For now, Special Drawing Rights [SDRs’] appears to be their choice, but China is a wild card, so we all just have to wait and see how their plans for destruction play out.

Markets never change.  They are always the means for money powers to distribute their gains to the unsuspecting masses, and like the markets, people never change, always set up for being fleeced.  One of the most important markets to watch is FX, foreign currencies, for that is where the demise of the Federal Reserve’s fiat Federal Reserve Note, more commonly accepted as the “dollar,” will play out.  FX is very much controlled by the central banks, and no individual can stand up against the bankers and survive.  Some may think of Soros, but he is very much a part of the Globalists playing within their arena.

When we say markets never change, by that we mean they trend up, trend down, and move sideways, periodically, and  they can be monitored to detect critical turning points to not get caught in the wrong direction.  Will the “dollar” disappear?  Absolutely.  When and how are the primary questions, and by watching the developing market activity via charts, we do not need to know the answers to any questions.  The Globalists will provide them.  All we need to do is follow the financial “footprints” they leave behind.

The “dollar” is in the process of losing its decades-old status as the world’s reserve currency, meaning that all trade amongst countries has to be settled using the “dollar.”
Now, most of the trade with China is starting to be settled using the Yuan, replacing the “dollar.”  Russia and the remaining BRICS nations have been following suit, and they are being joined by many other non-BRICS nations that want out of the inflationary-causing fiat “dollar” that has been harming other nation’s economies.

This is a leading cause of all the stepped-up chaos around the world as the US defends the indefensible viability of the fiat “dollar.”  More and more local wars are resulting, literally and economically, as the US tries to exert its muscle to keep countries from abandoning the “dollar.”  Some, a number hard to define but growing, believe the US will start another world war to maintain its no longer tenable financial existence.  This country is in worse economical condition that Greece, in many respects.  The difference is the US has the biggest guns and willingness to use them.

Watch the charts as the game of Three Card Monty is being played out.  If the “dollar” is going to disappear, and if not disappear simply become a Zimbabwe-like currency, then why is it not going down?  Who cares, [with regard to knowing the unknowable]?  Simply follow what the market is telling you because trust us, the market is fully controlled by the central bankers, all in trouble, and all hiding their money problems.  Those problems will eventually be played out and visible in the charts.

The news is designed to confuse, a fact many ignore.  Charts are reality, but most find them confusing, and so they are ignored in favor of the fiction espoused by the elite’s news media: radio, television, and print.

While price did break 93.50 support, the break was brief and a strong rally followed.  This points to what we keep harping on for which many have no patience: wait for a move to confirm itself.  The overall structure of the Fed’s fiat “dollar” remains in its uptrend, and the corporate federal government will do everything possible to support its fiat Ponzi scheme to the bitter end.  Do not factor out more and more war “skirmishes” around the world as globalists play out their hand.

The recent explosions in China are an example of what can be considered war skirmishes, for they were not mere accidents but planned detonations.  It has CIA fingerprints all over it.  The fiat “dollar” is not ready to fade away.

We are writing this on Thursday, so Friday activity will not be incorporated or even known to us, which is not of much concern.  Gold remains in a down trend, and within its down trend, it appears to be basing, but what we know for certain is that market bottoms almost always take more time than and duration than people’s patience.  Gold has been no exception.

There are so many market “footprints” that are always visible, just not always seen.  We always ask why price stops or fails to stop at a particular area, and the hindsight answer is clear.  Hindsight because we did not notice, but the gap lower as price broke under the TR
went unnoticed.

Markets are always testing and retesting support/resistance areas.  The key is to be aware of as many as possible for the market will respond whether the points are “seen” or remain
visibly unnoticed.  This is what makes reading developing market activity so challenging.

The area of support that developed at the swing bottom served to halt the current decline of a few weeks ago.  Here is an example where the highest volume occurred near the low, and this is more suggestive of short-covering and/or buyers stepping up their activity, and it is different from silver’s decline on increased volume starting near the high, for a comparison on interpreting volume activity.

The developing activity on the weekly looks more encouraging than not, which is how we viewed and expressed it.  Things have a different tone when viewed from a daily POV.

POV =Point Of View

When price drops on increased volume starting near a swing high, it is an indication of sellers overwhelming buyers and remaining in control.  There is a similar gap area but not as pronounced as the gold situation.  However, resistance kept looking like resistance throughout mid-August leading up to the failed probe higher, trapping new buyers and stopping out weak shorts.  This is a function of normal market behavior.

It is still a possibility that the increased volume that drove price lower with EDM,
[Ease of Downward Movement], was short-covering because no further down side
followed.  This is why we keep saying a market needs to confirm its intent, and that confirmation may take several days, even weeks, to become clearly understood.

What everyone can agree on for certain is that the trend is down [almost everyone…
we still see some market “wizards” calling for the bottom..again].  Until there is a
confirmed change, one cannot trade safely from the long side.   Of course, we are not
talking about buying physical gold and silver from current levels, just the manipulated paper market.

Saturday  22 August 2015

Last week, we lamented how difficult it was to get a fix on the so many things going on in the world, and going wrong.  It occurs to us that we are all in the midst of the New World Order going about business as usual, creating Problems, and the bigger the better, then watching reactions of the masses, even governments.  The worse possible the problems, the more horrifying the Reactions  the better.  For waiting in the wings is their planned Solution, all leading toward global takeover under a one world rule, like the UN.

One of the more fractious plans has been the destabilization of the Middle East.  Think of all the “problems” [real as they are, but planned], festering throughout that region.  The Arab/Muslim world is reacting, ISIS, US proxy plans for destabilizing Syria, Turkey now in turmoil, Libya gone [along with all its gold, the plan all along], ongoing problems in Egypt, Saudi Arabia attacking Yemen [Sunni v Shiite, keep them divisive, the plan].  Globalists want the entire region warring with each other and in a weakened state, [Problem].

As the  Middle East, and the rest of the world, reacts, [Reaction], the Globalists will step in with a solution to stop all the fighting, being peace, to a certain degree, and have the factions somehow come under a Globalist’s “unified” umbrella where they are now in control, [Solution, their solution].

This Problem, Reaction, Solution blueprint happened in Cyprus, now Greece, setting the stage for bail-ins throughout the Western world, in order to save the banks that created all the financial mayhem from the beginning.  Guess what plan is waiting in the wings for the masses now?

The European Commission, those unelected bureaucrats that all work for and are paid by the Globalists, recently told 11 countries to adopt new EU rules on propping up failed banks [bank bail-ins], or face legal action.   After the last 11, there will be 28 countries with bail-in rules.  The EU [European Union], has been the Globalist’s artificial creation to destroy individual country sovereignty.  It may yet fail, but at such a huge cost during the entire process, that is, if it does fail. In the interim, Globalists are destroying Europe

It should be no surprise to Americans, but it will be when it happens, that there are bail-in rules already waiting to be executed, at Globalist banker will, and they will.  The Problem created has been the financial collapse crises since 2008.  The Reaction has been a worsening financial crises for the entire Western world, destroying the middle class, now
in the process of destroying all elderly who depended on interest income for retirement.

Now certainly in America, public pensions are grossly underfunded and undermining individual State’s financial existence.  Insurance companies, the entire industry is being destroyed, unable to get the anticipated 8% returns expected, impossible in a zero interest rate environment.  The situation keeps getting worse for everyone.  Fear and financial panic are setting in [Reaction].  Bail-ins will help solve the problem, at least for the Globalist’s banking interests.  As for the rest of the people, sorry you have to lose 30% of your deposits in the bank, but the banks need to survive, [30% is just a random number].

Remember, Obama had the rules changed, something he did not tell you.  Any and all “money” you deposit in a bank is no longer your “money.”  It belongs to the bank, and you are now a creditor, a very special one.  How special?  In the event of a bank failure, you stand last in line to make any claim against the bank.  Who is first in line?  Banker’s derivatives, their high-risk insurance bets being laid off on you.  How special do you feel as a bank depositor, now?

Here is the deal:  We now live in a nation where banks destroy the economy, lawyers destroy justice, the press destroy information, doctors destroy health, universities destroy knowledge, religions destroy morals, and governments destroy freedom.  Welcome to America, everyone.  Europe ain’t any better.

What is the Globalist’s aim?  Destruction of all forms of government to be replaced by the New World Order.

While there may be questions about a bottom forming in gold and silver, there can be no question about what lies in store for any and all paper assets.  For those who still mistakenly believe paper fiat Federal Reserve notes, aka “dollars,” are assets, they are not.
All Federal Reserve Notes are debt instruments.  Debt can never be money.  It is the very opposite.  Let us remind once again, MONEY DOES NOT EXIST, [Hot link to article].  We did a follow-up article, The Dollar Does Not Exist, to prove our point about money and the so-called “dollar.”

The point is, all fiats will reach their intrinsic worth [which is zero], sometime in the next several months to maybe a few years.  Who cares if PMs are bottoming, or not?  [It’s a rhetorical question.  We know everyone cares.]  Owning physical gold and silver is such a simple yet superior alternative to the impending collapse of fiat currencies.  Only the Globalists know the full plan.  The rest of us are left to guess.  Anyone who wants to be left to the vagaries of guessing is toying with financial suicide in the total loss of “value” in any form of paper assets.

What is the number one asset sought after by central bankers?  Gold!  One thing the Globalists are not is stupid.  Do you think for a moment they want their own assets tied up in worthless paper form?  Hell, no.  They will take gold, silver, land, anything tangible.  You should be doing the same.  Buy and hold physical gold and silver.  Do not, do not store it in any banking institution, and for sure, not in any safe deposit box, easy targets for confiscation.

Last week, the world is seeing more and more cracks in the existence of the Western financial world.  The fiat Federal Reserve Note, “dollar,” took a drubbing.  Trends always take time to turn, and all of these seemingly chaotic events are being orchestrated by the elites, not fine tuned, for that is impossible, but generally carefully planned.  There may be shakeups in various markets, but there is always a degree of control by powerful forces.

It is too soon to say the “dollar” is topping, at least not until the 93 area is breached to the downside in a strong manner.  These are games being played behind the scenes, and if you choose to believe all things are random events, that is a choice.  One thing is certain, whatever one believes, randomness or Globalist manipulation, there can be little doubt that paper assets are in trouble.

We are including a chart of the S&P E-Mini to illustrate why things have “seemed” so chaotic and fast-paced in the world for the past few months.  Here is more concrete evidence of how precarious events have become.  We see last week as a game changer for equities.  More attention will be paid to the stock market.  In fact, we almost did a story last week, depicting how the S&P has been locked in a 100 point TR, but within that TR, price swings up and down have covered over 1,450 points!  We see this as a distribution top forming.

The world is in a financially precarious position, a Problem created, more Reaction is to follow, and expect the final Solution to be loss of freedom to the Globalist world order.
As to China, Russia, BRICS, an alternative to the failing West?  Folks, China is a new coat for old NWO owners. The other parties are bit players.   We will delve into that, at some future point.

The Globalist antidote: gold and silver.  They are certainly far better than the fiat hemlock the bankers want everyone to have.  One must now consider the plan to go cashless and deal only with digitalized “currency.”  Once that happens, kiss your financial freedom good-bye.

This is another high stakes game being played out by the Globalist criminal elements determining your future,  your children’s and their children’s future.  We have spent the last two years advocating the purchase of physical gold and/or silver, at any price, even during those time when both were much higher than where they are today.  That has not changed.

There is nothing to indicate a change in trend has occurred.  Before the price trend in gold and silver can go up, they have to stop going down.  Is a bottom in?  Too soon to tell, for even if a bottom formed last week, which we doubt, there will still have to be confirmation.
For those too impatient to wait for confirmation, think of all the bottom callers over the past few years who did not wait for confirmation and ended up losers [in the paper market].

Last week was an impressive rally, given rallies have been so few and far between.  Friday’s  activity, with it mid-range close on increased volume suggests the rally may have peaked or is close to peaking, at least temporarily.  Chart comments explain.

Silver remains the step-child to gold, in a manner of speaking, as it failed to show  a similar run up.  The gold:silver ratio is just above/around 75:1, and we remain of the belief that silver will outperform gold, moving forward.   75:1 or greater is a worthwhile area for transitioning out of some gold in exchange for silver.  Perhaps we will do another gold:silver ratio article to illustrate the value of the profitable exercise.

If silver does not perform better, soon, or if it trades back under the 14.60 area, the odds favor lower lows to follow.  Of course, it depends on how price acts if it retraces lower.  The bottom line for both gold and silver is that the elites may not have finished their game plan, and if true, PM prices can continue to languish at these lower levels in the months to come.  We do not know but mention it as a possibility.  In the interim, we let developing market activity do the “talking.”

http://edgetraderplus.com/market-commentaries/gold-and-silver-nwo-in-its-element-problem-reaction-solution-beware

Saturday  15 August 2015

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 affect 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.

Even if price continues lower, in the next several trading days, price would have to decline under the 93.50 area before one could say the bullish scenario has been altered.  There is obvious potential support at 95.50 and again at 94.80.

Everybody knows the incredibly bullish fundamentals for gold and silver.  Not everybody is paying attention to developing market activity, which is diametrically opposed to the fundamentals.  The break of support, four weeks ago, occurred on wide-spread and increased volume, and that speaks to weakness, not a market that is about to undergo a major rally.

The past three-week rally attempt was unable to retrace the single week decline, and that, too, speaks to overall weakness.  It shows more clearly in the daily chart.

The wide range decline bar was addressed a few weeks ago when we said that type of bar tends to contain price activity for several periods going forward, and that was prior to the most recent 10 additional TDs.

Initial resistance is the high of the wide range bar down, at the 1132 area, and yet stronger resistance at broken support, the 1145 area.  It does not matter how much gold China has
bought, and continues to buy [you can include Russia and India, they make no difference], the globalists want the price of gold and silver suppressed as much as possible, and we include China as being a part of globalist ambitions, just in the early stages of participating with the elites.

China has no interest in wanting to see gold rally during its accumulation phase.  Her time frame is not the same sense of urgency for that of Westerners who want everything done as soon as possible.

Gold and silver are real money.  Any form of fiat is not.  The elites are not about to give up their cash cow of creating infinite fiat in favor of controls that would be required using a gold standard of some kind.

Decide for yourself.  Do you see anything ins developing market activity that suggests an imminent rally is at hand?  Keep in mind, these charts do not show how price is at the lowest lows since the highs of 4 – 5 years ago.

The story for silver is thought to be even more compelling than for gold, and the ratio between the two supports the prospects of silver outperforming gold to the upside, at whatever point the upside begins, after a low is confirmed.  Yet, developing market activity is diametrically opposed to the fundamental prospects, evidenced in the charts.

The early January rally failed to close the gap from the earlier 2014 swing lows, and that gap is an indication of weakness.  It shows sellers were willing to sell without waiting to see how the prior lows may be retested.  The gap left is what is called “bearish spacing,” and it becomes an area of resistance.

While price has held the TR lows, and not very impressively, until silver can mount a more accountable and sustained rally, the odds continue to favor yet lower recent lows.  It does
not matter how much gold China is hoarding.  It does not matter how bullish is the story for silver.  People can believe the stories being touted about how gold and silver are about to rally substantially higher.  What these individuals are failing to recognize is the price is the final arbiter.

Early July is a bull trap because those who bought, anticipating higher prices were proven immediately long and wrong as price dropped quickly.  It did stabilize at the lower end of the newly developed TR, and note how volume was relatively stable.  Then, note how volume picked up on the rally that has so far failed again at the same area as in January.

What adds more question to the viability of this current silver rally is the increased volume.  Typically, strong hands buy at lows, not on rallies after a recent low has been established.  It could be a combined form of short-covering and also selling to weak handed buyers on the way up.  Then note how the bars overlapped at the high of the rally. This indicates balance between buyers and sellers, and it culminated with a reversal day on Friday that just about erased the increased volume buy day on Wednesday.

Believe whatever hype you will about gold and silver primed for a major turnaround, and we are in the camp wanting to see higher prices, but we remain pragmatic in putting far greater belief into what the market is saying, via developing market activity,  a much more reliable indicator of the character of the trend, and both trends for gold and silver are decidedly down.

By all means, buy whatever physical as you can, and hold it.  As a not so inconsequential aside, the holding time frame may be longer than most think, which has already been true. As to buying any form of paper gold or silver, it is a fool’s game for longs at current prices.

http://edgetraderplus.com/market-commentaries/gold-and-silver-market-bottoming-big-rally-imminent-reality-check-says-no

Saturday  1 August 2015

Not in 2013, not in 2014, and so far, nothing positive for the price of gold and silver has developed in what looks like for the balance of 2015.   Most of the highly regarded gold and silver sites and bloggers have been expecting an upside breakout, some even saying an explosive breakout.  As we have been saying for the past few years, the “eyes” have it.  Just by following developing price activity, in chart form, it is more than obvious that price continues to languish at recent 4 -5 year lows with NO signs of ending.

It does not matter how much gold China has bought, how many gold/silver coins have been sold to the public, even record numbers.  It does not matter how low is the existing supply for silver and its excessive and growing demand.  So far, it has not mattered how the miners have been suffering and are closing down operations.

What does matter is the proverbial 800 pound gorilla in the room, the globalists, elites, central bankers.  They are so controlling that the natural laws of Supply and Demand have been subverted, temporarily corrupted that speaks to the entirely subversive and corrupt nature of the globalists, those who are the controllers behind a New World Order, pretty much in place with little to no opposition.

Those who have been “long and wrong” the physical from much higher prices have not been “wrong.”  The reasons for buying and physically holding the physical metal have not altered one iota, and, in fact, what we just said is the good news.  Let us remind again how the laws of action and reaction, while temporarily suspended, albeit in a prolonged time frame, the opposite reaction will come into play.  The not so bad news is no one knowswhen it will come into play.

The number of mostly negative events dominating the Western world hve been accelerating at an alarming pace, one right after the other, none of which make any economic sense, save for the globalist’s news media ever putting a positive spin on the negative, feeding lie after lie after lie.  Sadly, too many have come to always believe in the lies because they come from the “government,” a [mis]trusted source.

As Obama and the equally corrupt supreme court have made clear, political lying is truly a protected form of speech.  As a consequence, the only statements made by politicians are lies.  Believe them at your own peril, and whenever politicians are in control, you can believe your economic life is in peril.

It becomes clearer that the globalists have just about finished draining all of the wealth from Western governments, the US being the biggest [stolen] jewel in their crown, and are in the end game but not quite finished.  All of the hidden, least understood derivatives have to be unwound. Once that is accomplished, and Western people have been stripped of what little wealth and freedom they have left [Greece, coming soon to your neighborhood], the switch to the East will begin in more earnest.

It is worth mentioning that maintaining control over a blatantly broken financial system can explode the the elites lying faces at any time.  That is a lower probability, but one that grows with each passing month.

For the past few decades, the globalists have been preparing to take over the Eastern world and plunder Eastern wealth over the next 100 years.  China, Putin/Russia, BRICS, AIIB, NDB, et al, are not going to defeat the West.  Quite the contrary, the parasitic globalists have already defeated the West, sucked it dry of its wealth and gained total control over every aspect of people’s lives.  China, Putin/Russia, BRICS, AIIB, NDB, et al, are next up on their agenda, so do not expect the Eastern “good guys” to put the Western “bad guys” in their place.  The globalists are pulling the same strings in both arenas.  Do not doubt that for a minute.

It is harder to make the story for an Eastern takeover by the globalists, at this point, but when it was happening to the US, well over 150 years ago, it was hard to make that story then.  It was beyond sane comprehension, but all the signs were there.  Many still do not believe or accept an elite global takeover of the Western world, so it would be an even harder story to “sell,” at this stage.

The manipulated suppression of gold and silver is the most revealing final stage of how the central bankers have been in total control for the past century, not just the past decade or two or three.  There is no other power on earth that can account for the corruption and suspension of supply and demand for PMs, and that should be your clue as to how vast and deeply penetrating the elites are able so exert such influence, unopposed.

Once they are able to more viably make the transition from West to East, then the price of gold and silver will move to the upside.  Will it be as explosive as so many, including us a few times, have conjectured?  Maybe, maybe not.  China is looming largest in this global transition of shifting powers and economic control.  That country has a decidedly different approach in both method and timing as to how she wants to see the new Eastern world develop.  A rise in the price of gold to $10,000, or some multiple, may not be how China wants the price of gold to be valued.  That country takes a more deliberate and controlling stance on everything.

From all indications, China is willing to be a part of the existing globalists’ fiat money power control structure, via the IMF.  While the New Development Bank [NDB] is supposed to be a replacement or competitor to the IMF, and the Asian Infrastructure
Investment Bank [AIIB], a total turn away from the US fiat petrodollar, all that is going on behind the scenes may not be known for many years to come, so everything is speculative.

What is the least speculative are the charts for gold and silver.  All of the fundamentals for PMs simple do not apply, at present, and all of the stories coming out of the gold/silver community are based more on sentiment and belief in the fundamentals while ignoring the reality of price, which is telling a completely different story.

Hold whatever physical gold and silver you have, and make sure you physically have it.
If you do not have it, more than likely, you will never own it.  That is how events have been proving out.  Do not hesitate to continue to buy and hold more, regardless of price and even if price is to go lower.  Access to buying physical PMs may dry up.  Governments will surely make it much harder to buy, as controls can easily come into play.

Gold and silver have been one of the most reliable and proven forms of wealth preservation.  The globalists want people to become disheartened in owing silver and gold.  Yet, gold is the most coveted form of wealth by the globalists since the days when the Rothschilds took control of  Western world finances and governments, along with every thing else.

The charts continue to paint a different picture from what most are told in the media and different from what most in the PM community have come to expect and believe, as well.
We start with the fiat Federal Reserve Note, called the “dollar,” because it is the antithsis for gold and silver.

The monthly chart shows a very bullish developing scenario, despite the call for the demise of that worthless fiat.  Its “value” derives from the faulty imagination of its users, which is most of the real world.  However sadly true that may be, a billion wrongs will still never make a single truth wrong.  Again, this shows the power of deception and influence the globalists have maintained for the past few hundred years, for it is not a recent phenomena.

We often advise to watch how price acts/responds to obvious resistance or support.
98 has been a resistance area, yet there is no apparent selling overtaking buying at resistance.  This suggests price will continue to move higher.  That conclusion is also
in line with knowing the most important market information, the trend.  A trend will persist longer than most expect.

“Trust your eyes.”  However much gold China has been buying, however much the demand has been from countries and individuals, however much supply appears to by drying up, the power of control exercised by the elites remains unparalleled in history.  Price is a function of elite control and nothing else.  Believe otherwise, if you chose, but there is no arguing with what is, regardless of how much you believe it should otherwise be.

There is a small area of bullish spacing that corresponds to the touted 1035-1045 support level that appears valid.  While most people look at daily and intra day charts, this time frame is more in line with what smart money watches, while ignoring daily charts.

It takes more time and effort to change a trend on the higher monthly time frame, a simple fact.  Given the decline to recent lows, the probability of a slingshot turnaround to the upside is very low.  It can happen, but the odds are low, and money is best made being in sync with the higher probability odds, another fact.

Last week’s attempt to rally looks rather feeble, relative to the prior down week that broke support.  If price does not continue lower, next week, even the prospects of a rally have a series of overhanging resistance areas along the way.  A lot of damage has been done to this market, and it will take time and effort to repair it.

As things stand, the prospects for a turn in the gold market are small.  It can change next week, but next week has not happened, so all we can do is deal with what is known and change only when what is known has changed.

Market assessments always need to be confirmed by price activity.  The higher volume days are occurring on lower closes from the prior day, but price is not making further downside progress.  That would argue for a rally.   At the same time, with the increased volume, price has not made any inroads to the upside and remains under a 50% retracement, typical in a down market, and that would argue to continuation lower.

Is the glass half-empty or half-full?  This is where one needs to let the market develop more and confirm its next direction.  An inability to rally away from 1080 support, with sustainability, suggests support will likely give way.  The lower probable event is a rally,
next week.  Let the market confirm its intent and then react accordingly.

We will always maintain that charts are the very best source for the most accurate price information and intent available.  That not a lot of people know how to read charts does not diminish their reliability.  Of course, we are not talking about the use of mechanical aides like moving averages, RSI, MACD, Elliott Wave, etc.  The combination of price and volume, sometimes with Time added, is most reliable.

The easiest read for silver and gold is to recognize their trends remain down.  More money is lost trying to pick bottoms [and tops], so do not fall into that money-losing ego trap.

While price and volume are the most reliable indicators, it does not mean there is 100% clarity at all times, such as now.  Realize that the trend has been down and developing activity has also been in sync with the down trend.   There will be periods where it may be hard to read what the market is saying.  This is yet another reason to let the market confirm its intent.

If one were trying to make a first time decision as of last week, having not participated in the down trend of the last several years, that would be a difficult call to make, based on the two very small range bars.  Trend and probability favor the downside.

The chart comments are fairly conclusive.  The trend is down, price is not exhibiting strength, so trying to buy in the paper market makes little sense.  If we were to focus on the last bar on the chart, in context with what precedes that bar, the conclusion would be to expect more downside.

Why?

Volume increased [effort], the highest volume for the week.  Price made a slightly higher probe above the last 10 TDs, but note where it closed:  mid-range the bar.  On increased volume, the mid-range close tells us sellers were aggressive and overcame the effort of buyers sufficient to push price down from the high of the day.  In a down trend, the onus is on buyers to effect change.  Buyers are not meeting that burden.  It is tough to change a trend.  Respect it, at all times, until a change has been confirmed.

http://edgetraderplus.com/market-commentaries/gold-and-silver-charts-are-the-compelling-story-fundamentals-do-not-apply

Saturday  24 July 2015

Truth does not exist in the world of politics.

It is reasons such as these, below, that drives the importance of owning and holding physical silver and gold.  The fundamental reasons everyone already knows exists but do not apply are important, but the power of the elites to rule over all [at least Western] governments, write the laws, deceive everyone, and now with the evidence of how much influence the bankers can exert over the manipulation of PM prices, is why you need to protect yourself from the evil nature of their control.

The elites want to destroy your belief in the value of owning golf and silver, and they have reenforcing price down despite the overwhelming demand for both.  That should embolden your resolve even more.  For how much longer this can go on, no one knows.  What you can know with a great amount of certainty is that Newton’s 3rd Law of Physics will kick in: for every action, there is an equal and opposite reaction.

This assures you that the distorted action to the downside will reward the faithful with an equally distorted reaction in the opposite direction.  It is a matter of time.

“All the perplexities, confusions, and distresses in America arise not from the Constitution or confederation, not from want of honor or virtue, as much from
the downright ignorance of the nature of coin, credit, and circulation.”
John Adams, 2nd President of the United States

Section 16 of the Federal Reserve Act of 1913 at 38 Stat., 265, will not be found doing a simple search.  What the federal corporate government does, over time, is make changes, often changing words ass “surplus,” which actually hides what the government does not want you to see or know.   A search will send you to Title 12 section 411, and even that has been “cleansed” of a damning admission, a similar but different story for another time.

What one must learn is that the government uses terms for words that most take as used in everyday life.  When a word is used as a term, its definition is clearly explained, and the term definition will not be what is understood as every day usage.  A bit off topic, but it illustrates how important words and spelling are used by the federal government.

Saturday  18 July 2015

Step back for a moment and absorb what just transpired in the ongoing Greek tragedy that refuses to go away.  Greece, with no possibility of ever repaying its fictitious debts to the EU, and the EU, in all of its greed and avarice, for no wisdom is to be found within that body of elite-pushing bureaucrats, it determined that the best and ONLY solution for debt-laden Greece was to LOAN MORE “MONEY.”

Need anything more be said about what is going on in European politics?

In the real world, if you cannot repay your debt[s], your car is repossessed, your house undergoes foreclosure, you cannot get credit, your credit cards get canceled, your debt-
burdened ass is hauled into court, often times, your family falls apart, etc, etc, etc.  Not
so for Greece.  She gets offered even more debt from her creditors.  Only in politics.

We covered this ground before:  Greece was loaned nothing of value.  Nothing.  Just fictitious digitalized numbers created at the whims [actually the purposeful direction of the elite’s bankers] of the IMF/EU, [off by one letter, the “E” should have been an “F” to more accurately describe what happens to the populations of member countries].  [See 17th paragraph from article Elite NWO Checkmate.]  Now the bankers want to be repaid  in tangibles, like the country of Greece itself, the Greek banks, and whatever else can be siphoned from the economically broken backs of the innocent Greek people.

Where will the billions of new loaned  money to Greece go?  Not to the people, not to rebuilding Greece.  It will be recycled back to the creditors to keep the facade of bank solvency alive.  This is a joke that is not laughable.

Lend nothing, take back everything not nailed down.  It has been the Rothschild formula for centuries.

Pay attention.  We have said this before: the elites and their bankers take no prisoners.  They could care less about people.  All the elites care about is taking total control of the currencies of every country in order to bring that country to its financial knees and totally beholding to the dictates of the moneychangers.

The obvious, unstated and perhaps unnoticed point is the the Euro currency is a total fiat totally controlled by the bankers.  Hello, Europe?!  The sole purpose of the EU is to enslave all Europeans.  Is everyone oblivious to the obvious?

All politicians are lying whores, with apologies to whores for making the connection.
Tsipras just sold out the Greek people to a deal worse than the one initially presented months ago, and more importantly, against the referendum held to vote no for the EU’s [mostly elite sell-out Merkel and Germany] austerity program.

Greek banks closed, [the elite’s way of forcing people into financially hopeless situations to get what they want].  People who stupidly still kept their money in the elite’s banking system were denied access to what they thought was theirs.  Two lessons: people who keep money in any bank anywhere in the world are now considered creditors, not depositors, and you can, and will be denied access to what you “believe” to be your funds at the dictates of the bankers.  Secondly, anything people keep in the form of paper, or worse,
digitalized entries on their accounts, are discovering the true “value” of paper. [None.]

Those who had gold and silver were able to use their own form of wealth to acquire whatever they needed, assuming items were available, and more is available when gold or silver is the basis for the transaction, although alcohol, coffee, cigarettes, even sex facilitate trade exchanges.

If you have no gold or silver, you will be “Greeced,” “Cyprused,” financially screwed for not taking responsibility for your own economic future.  Those who already own either or both gold and silver know this, [but still complain about the paper price continuing to decline.]

Precious metals have always been a store of value and always will be.  One of the main reasons for FDR’s Executive Order for US “persons” to turn in their gold was to strip people from being independent of the government.  Those who had gold and silver did not need to be reliant upon the government for their economic needs.  Take away their most reliable form of wealth, substitute it for fiat paper, and now people had to rely upon the government to survive.  To paraphrase Chuck Colson, Nixon’s aide, “When  you have them by the financial balls, their hearts and minds will follow.”

That was the plan all along, starting from when the Federal Reserve Act of 1913 was enforced on the country by the foreign banking elites.  First, gain control of the issuance of a nation’s currency, [again, the classic Rothschild formula] then the rest falls into place: control of the government, control of business sectors, and the media.  The public hears only what the elites want them to hear and [falsely] believe.

We have mentioned Agenda 21 several times and always exhorted people to take some time and research what this insidious UN-sponsored agenda is all about.  In a nut shell, Agenda 21 is the UN takeover of all local governments in order to corral the masses in whichever direction the UN decides.  One of those directions is to ultimately prevent people from owning their own land, water rights, etc…total enslavement.

Here is a small example.  In 1998, the Montana Fish Wildlife and Parks approached local county commissioners to persuade them with a proposal to cooperate in driving rural residents out of the Montana countryside into cities.  Why?  People in rural areas were pretty self-reliant, as a matter of necessity.  These people have no need for government support and would highly resent and oppose any government interference.  If the government could get people more centrally located, people can be more easily controlled.

The point, beyond the obvious deceit?  This is an Agenda 21 scheme, and we are talking about 1998, in a seemingly innocuous location, sparsely populated Montana.  Note that the same agenda is being plied throughout the United States.  It is a bit like the 1956 movieInvasion of the Body Snatchers.  One thing is certain, the elites are taking total control of you and your life right under your unobserving noses.

Read the brief but informative article by Joshua Krause, Agenda 21 Under A New Name,
from which the above comes.

We have also covered how Obama has sold out America and Americans, at the behest of the elites, lately through TPP, TTIP, and TISA, in our widely read article, Obama, Western World’s Worst Enemy for Freedom.  This, folks, is how the elites work and why all politicians are pathetic as a puppet ruse for the NWO.

As an aside, for more about the US decline under the directed hands of the president, you may find this interesting to read, Freedom or the Slaughterhouse, American Police State
from A to Z.

The larger point to be made is for those who are myopically focused on the current price for gold and silver, all of the news-related stories about how much gold China owns, how
many coins are being bought in record quantities, etc, etc, stories everyone has heard for the past three years, that focus is grossly misplaced.

First Cyprus, now Greece, and it will not stop there.  The entire corrupt Western banking system is bankrupt, a fact few people are willing to accept.  The entire Western banking system is corrupt.  PMs people have a greater appreciation for that repeated statement, but most people simply cannot comprehend the weight of that situation.

The price for gold and silver is being artificially and purposefully suppressed by central bankers.  The Western world is falling apart at the fiat financial seams, and those in control will resort to whatever means necessary to remain in control, evidenced by the unending proxy wars and Middle East disruptions started by the US.  A Third World War cannot be taken out of the equation as the bankers are scrambling for their greedy lives, stealing as much wealth from people as possible.

That is where everyone’s primary concern would be well-served to know and continually be aware of what is going on, because when this banker-created financial disaster comes to it sordid end, and it cannot be avoided, owning and physically holding/controlling gold and silver will be one of the best means of surviving financially.

How and when things unfold, no one knows.  All one can do is to be informed and prepared, and of the two, being prepared is more important than being informed.

Charts next…

For as long as the corporate federal government can keep its unwanted “dollar” moving higher, it is an apt barometer for the opposite direction of gold and silver.  Chart comments pretty much cover the salient features.

NMT = Needs More Time.  Gold continues its decline in a snail-like fashion, despite the obvious intended assaults  to drive price lower.  Those efforts continue to succeed, but it appears with decreasing effect.

Last week, we commented there was little reason why gold could not go lower, and it did. The same still applies until there is some sign of ending activity.

In addition to the chart comments, Friday’s close touched the lower channel line, and that puts gold in an oversold condition.  We hasten to add, oversold very often becomes moreoversold, so it should not be taken as a potential trade from the long side.  You will see how silver reached an oversold condition.  While gold is clearly in a similar position, it does not mean it will react in a similar manner, a mistake too many make in reading charts.

Every situation is unique, regardless of any past similar formations.

Just as we cautioned to obverse how gold reacts to its just breaking an obvious support area, the same holds here.  Both silver and gold can move sideways, continue lower, or rally in response to broken support.  The absolute lowest probability is a rally back over support that can hold.

“A” is a wide range down bar on sharply higher volume.  Last week, we mentioned how the daily chart was not very encouraging for a sustained rally.  That conclusion was made from simply reading developing market activity conveying a message.  Note how it took four TDs to retrace the one-day decline, “A.”   The ease of movement is to the downside, and recovery rallies are more labored.  Plus, the small range of the rally into the previous Friday, 5 bars ago, the 4 day “B” rally, was an obvious indication that buying was weak, otherwise the range would have extended higher.

At “C,” we see a slowing of the decline as it retests the low area at “D.”  Friday’s small range is the opposite of the small range rally bar, just described.  Plus, Friday’s range mostly overlapped the previous bar, showing less ease of downward movement.  Despite these potential caveats, the most important factor is the prevailing trend, down.

You can also see when “D” developed, it reached an oversold condition similar to what was described on the daily gold chart.  An obvious reason why gold may not hold as silver did is seen in how silver is holding in the middle of the down channel, where gold was easily under the middle of its down channel, making gold relatively weaker in character, given the two similarities.

The trend for both metals remains down, and from the last two lines to Ode On A Grecian Urn:

“Beauty is Truth, truth beauty,—–that is all
ye know on earth, and all ye need to know.”

http://edgetraderplus.com/market-commentaries/gold-and-silver-without-either-you-will-be-greeced

Saturday  11 July 2015

All the world is indeed a stage, and what is unfolding is a worsening tragicomedy, and it is under the direction of the elites through their debt enslavement [un]known by the world as fiat currency.  The unelected “officials” in the EU are the equivalent of Keystone Kops.  In fact, that is also true even of elected officials.  They are all a bunch of clowns in charge of the circus called government.

There is a very high probability that what has been unfolding in Greece will eventually be in your own government, so pay close attention to the outcome of how the bankers are choking the economic life out of the Greek people, and as events have unfolded, it appears that Tsipras has caved into the moneychanger’s demands in exchange for a bailout.  This is totally contrary to the outcome of the referendum wherein Greeks voted OXI for accepting the unacceptable financial impositions on Greek citizens.

One huge obvious lesson that escapes people throughout the Western world is that voting does not matter.  In the end, the bankers rule and get their way, and people have no say.
What is always at the bottom line for all decisions?  Money, and guess what?  Very few people have the slightest clue what “money” is.  That is the central tragedy around the globe.

Here is a legal definition from Black’s Law Dictionary, 4th Edition:  Money –

In the usual and ordinary acceptation it means gold and silver, or paper money
used as circulating medium of exchange, and and does not embrace notes, bonds,
evidences of debt or other personal or real estate.  [Emphasis added]

We have covered this before, but people prefer to believe in the lies fed to them instead of the truth, when actually the truth to them appears to be a lie.  The elites understand psychological programming and have used it quite effectively for the past few hundred years, for they have created the lies taken as “truth” by those unaware who are unaware of being unaware, i.e., most people.

Here it is again:  Federal Reserve Notes [FRNs], are not dollars!  [Same applies to Euros, Pounds, Yen, et al].  FRNs are debt instruments issued by the private corporation called the Federal Reserve, which is not a part of the corporate U S federal government.  For anyone who believes otherwise, you are laboring [unaware] under a dysfunctional belief.  A belief held will always be defended.  People go to war over beliefs.  What people do not realize or refuse to accept is the beliefs are not necessarily reality, which is what makes a mistaken belief about reality so dysfunctional.

FRNs are debt instruments issued by the Federal Reserve.  Refer back to the definition of money from Black’s Law:  “…[money] does not embrace…evidences of debt”  Can that be any more clearly expressed?  A FRN is a debt instrument, and debt is the opposite of money.  While the definition included “paper money,” it pertained to paper money that was then backed by gold and silver, not fiat.

Credit cards are not money, although people use them to purchase things.  When you use a credit card, you are incurring debt.  Checks are not money.  They are a paper form instructing banks to move checkbook deposits, considered money, from one account to another, but all within the banking system of what is now mostly digitalized currency.
Money is not the currency.  Money is an intangible, an abstract term for a medium of exchange.

Everyone who carries FRNs thinks they are carrying money, but that is not true.  [Reread the above few paragraphs for you will never learn this in any school.]  In the United States, a dollar is money. “Wait, wait, wait!  FRNs have the word “dollar” printed on them, isn’t that true?”

It is true that the word “dollar” does appear on each FRN, but that does not make a FRN a real dollar.  If you “believe” a FRN is a dollar, it is a dysfunctional belief based on the elite’s Federal Reserve deception.

“This is so confusing.”

Actually, no.  It is more of a function of cognitive dissonance.  The lie fed to everyone [by the FED] since its inception has become the wrongful belief that is taken for the truth, and when told it is not the truth as believed, it creates confusion in one’s mind, which is understandable, but still unacceptable.  Think of it as a bait-and-switch Ponzi scheme on the grandest of scales that few people can comprehend, at least until told otherwise, and even then, many refuse to believe or accept the real truth.

Let us repeat:  A Federal Reserve Note is not a “Note,” even though the word appears on each FRN.  It cannot be a Note because it does not stipulate payment of anything, to anyone, at any time. It is a purposeful deception to get people to believe that which is not true.  Most people would call it a lie.

A FRN is NOT a dollar.  What is an actual dollar in the United States?  A dollar is an expression to describe a quantity of silver or gold in coin form.  By law, a dollar is still the current account of money of the United States today.    “The money of account of the United States shall be expressed in dollars.”  Section 20 of the Coinage Act of 1792.  This law has never been reminded, but it is being totally ignored by the de facto corporate federal government which remains in bankruptcy since 1933 and under the full control of the elites, the moneychangers.

No one has to agree with us on this, and we always urge people to do their own due diligence, and when you do, it is impossible to come to any other conclusion.  Facts are always facts, and they override dysfunctional beliefs about reality.

What one will ultimately conclude is the realization that there are no lawful dollars  circulating in the United States, today.  They were removed from circulation by the Federal  Reserve and destroyed during the 1920s and 1930s.  At one time, Federal Reserve Notes were specie-backed, just like real United States Notes that were backed by silver and gold.
However, the specie backing was removed and all that circulates are fiat FRNs that still bear the word “dollar” on them, when by existing law, they are not dollars in any way shape or form.

This is why we said in our heading, Money DOES NOT EXIST.

While money makes the world go around, very, very few people understand what money  is and what money is not, and that is purposeful on the part of the elites and every government.  When you can begin to grasp the importance of the lies that are used to control the world’s population by the elites, it is not that hard to better understand how and why gold and silver continue to be manipulated and suppressed.  It is all in defense
of the US fiat “dollar” as the world’s reserve currency, fast losing its status on the Eastern world’s stage, and it is why the US is engaging either directly or mostly indirectly in wars wherever they can.

More at another time…

Developing a healthy respect for the prevailing trend is very important.  Trends take more time to change than people realize or expect.  The relatively shallow correction in the Fed’s fiat “dollar” strongly favors the continuation for higher prices.  Of course, that could change next week, but next week has not happened, and all we can do is rely on the present tense market information which remains constructive.

As the antithesis to the fiat “dollar,” gold and silver should remain on the defensive for some time to come over the next several months, at least.

The $18 Axis Line remains an important test for the ability of silver to prove it can turn direction from down to up.  Forget about fundamentals.  The wants of the central bankers override the legitimate laws of supply and demand.  For now, the only thing that matters is price, and it is lower in 2015 than it was at the same time in 2014.  That is your message.

The broader weekly TR  is a down trending channel on the daily since the mid-May swing high.  When you view the reality of the down trend and where price is, for silver, you have to question the validity of those saying there is an “imminent explosion to the upside for silver” ahead.  Really?  Then why does price act so poorly on an ongoing basis, flying in the face of all the positive fundamental news?

We keep saying, trust your eyes, do not believe in the hype.

As strong advocates for the value of buying and personally holding gold and silver, we continue to acknowledge the superior forces artificially holding down price.  It is an indication of exactly how influential central bankers are, and they take no prisoners when they act in force.

The whole world sees the potential of a “double bottom” forming [in silver, as well].  If anyone is buying in the paper market anticipating it will hold, the probabilities are less than favorable, and making “bets” against the odds is an expensive way to flex one’s ego, pitting it against the market forces.

The rally response of Thursday and Friday, last 2 bars, is less than impressive.  Until there is a change to higher swing lows form the current lower swing highs, trading paper is a fool’s game in gold, [and silver].

Continue to buy and accumulate physical metal.  There is no way to know when the trend will change and when the availability of the physical could dry up and/or become very difficult to buy.  There is a certainty of its availability right now.

If you are not getting the drift that banks are in the process of  stealing whatever “money” you have on deposit, and anything deposited in a bank is considered theirs, and you are an unsecured creditor, better to buy and hold PMs with no third-party risk and no fear of banker confiscation.

http://edgetraderplus.com/market-commentaries/gold-and-silver-greece-needs-money-money-does-not-exist

Saturday  27 June 2015

Last year, the rage was the record-setting number of coins various mints were selling to the public, such an incredible demand that would surely impact the demand factor for gold and silver.  Then the focus changed to how many tones China and Russia were buying each and every month, scooping up all available supply with their insatiable demand.  Gold and silver responded by going lower.

The most popular gold/silver sites, the most respected gold/silver analysts from around the world all chiming in how gold and silver will go through the roof while both metals continue to still languish in the basement, as it were.

Who has not heard $5,000 gold, $10,000, even $50,000 gold by an exuberant few?  Same for silver, $200, $400, $1,000.  During all this time, gold has yet to hold above $1,230, silver above $18.  There is a huge gap between current prices and unfulfilled pie-in-the-sky price projections.  This has caused much disappointment, even delusion by some because the sum of their purchases were often under water.  Huge imagined profits actually became real [unrealized] losses.  [This does not mean they cannot become profitable]

We wrote a little in-house commentary, last week, Adapting To Changing Markets, to reflect how we have chosen a more focused approach to the short-term aspect of the markets, questioning the validity of the existence of free-trading markets, anymore.
The elite’s central bankers have virtually taken over almost all the Western world’s financial dealings and markets.  A few, like crude oil, have become political tools.

The article is worth a read to understand the context of this commentary and how one should be in greater control of their financial destiny in these markets.  The situation being what it is for the PMs crowd, there are three simple choices available.  For those unhappy where the price for gold and silver are trading, sell, get out.  Take a loss and move on and quit complaining.  Life is too short, [unless you remain long gold and silver and have been awaiting a rally, then life has been long for the longs.]

You can hold what you have and remember the reasons for buying and accumulating either metal, or both.  Attendant with the hold strategy is to keep on adding at these low prices, while recognizing that low can still go lower.  The reasons for buying have not changed.  In fact, they have gotten worse, and the ultimate outcome is a virtual guarantee that prices will go higher.  What has been so difficult for most is the no guarantee as to when, and this gets into the context of our little commentary about adapting to market changes.

For the past few years, we have refrained from the long side of the PMs market, at least the  paper portion.  We have not hesitated to recommend buying and holding the physical metals for many cited reasons.  As buyers, we are still long physical silver from as high as $47, and gold from as high as $1,800.  Are we satisfied with our purchases?  Definitely.  Are we concerned/disappointed about some purchases at much higher prices?  Not at all.

The reasons for buying were to protect against what seemed to be the shortening prospects of a collapsing fiat Federal Reserve “dollar” and the Western banking system.  It is no different from buying home insurance to protect against fire/water/natural forces.  Do you get upset when you look at your canceled checks and bemoan how you spent money on insurance and did not get to use it?  Enough on the issue of holding PMs.

What everyone could benefit from is developing a set of rules for engaging in the markets.  Why have rules?  Rules put a market into a defined context.  They serve as a guide to becoming successful in trading, and is that not the primary purpose for trading in the various markets?  More importantly, having a defined and written set of rules will remove you from the emotional element of the markets few consider.  Markets Are Neutral!

Almost all traders/stock participants develop some kind of emotional relationship with the markets.  Many have a fear of them, cannot understand them, worry about what a market can do to them.  “The market stopped me out.”  “The market took my money.”  “The market was rough on me, today.”  You probably have your own similar kind of sentiment.  All are wrong!  It is the driving factor why rules are so  necessary.

What is a market?  It is a clearinghouse of information of the interaction between all buyers and sellers.  All a market can do is generate information in the form of price and volume.  That’s it!  The markets are neutral, devoid of feeling.  Does the market know or care what you buy/sell, when you buy/sell, and at what price?  Absolutely not.  You are the one that makes these determinations.  They may result from the market information you see, but the decisions made are your own interpretations/perceptions and resulting beliefs about your expectations of what will develop, and that is where dysfunctional emotions get attached.

If you are experiencing fear of loss, disappointment in how the market is “behaving,” and the market is neutral, then from where are those feeling coming?  From you!  Any kind of emotional attachment is self-generating because the market is in control, you are not.  The question is, why not?

What if you had a set of rules for participating in the market.  Let us start with just one, a simple one:  Rule 1:  “I will only trade in the direction of the trend.”  If the trend is down, my rule says I cannot buy.  If gold and silver have been in a down trend, I cannot be a buyer, period.  On that basis, one could not have traded in the futures for the past four years, and it is this reason why we have kept advocating not to be long futures.  It does not get any simpler.

“This looks like a great buying opportunity.”  “The market is oversold.”  “It has to go higher from here,” etc, etc, etc.  What is the trend?  Down.  Who cares if it looks like a great buy opportunity?  Who cares if it is oversold?  It does not have to go higher from a certain level.  Ask how many thought gold and silver could not go lower three years ago, two years ago, a year ago, a month ago?  Anyone buying had the weight of market momentum going against them and the greater likelihood of taking a loss.  Was it the market’s fault for those making a bad decision to buy in a down trend?

Let us look at more complex issues but all based on the premise of the necessity of having a clearly defined set of rules.

How many have been saying the Fed’s fiat “dollar” is going to collapse, become worthless? Maybe the “dollar” will collapse and become worthless, but what do the charts say?  The trend is obviously higher.  The flip side of Rule 1 is, if the trend is up, I will not sell [short].

In recognition of the trend, our comments from two weeks ago, [1st and 2nd Chart] were to focus on how buyers were keeping sellers from pushing price lower and opening the door for a rally.  We said the daily told a clearer “story.”

Markets are constantly testing and retesting support/resistance areas.  With this knowledge, one can devise more rules that give rise to trade opportunities that are in harmony with the trend, [which vastly increases the odds of a successful trade].

On many occasions, we have mentioned how a market reacts to support or resistance will provide important information.  Price retested a swing low from May.  How did it respond?  Volume remained relatively high, the close was near the high of the day, and this tells us buyers overwhelmed sellers at support setting up a buy opportunity.

Note that bar at support [arrow].  You will see this kind of pattern repeat in the markets over and over and over.  All you need to is to develop a set of rules for how to enter into  a trade under these market conditions: up trend, support tested and held, increased volume and a strong close.  The probability for price to go higher under these and similar conditions is greater than not.

How do you think your trading results would be if you traded nothing but this kind of pattern set up with the trend?  What you would quickly realize is that you would be in control, not the market.  If the market does not show you this kind of pattern, you do not make a trade.  What can the market do to you otherwise?  Nothing.  You have nothing to fear from the market because the market activity is not what you require.

Not every trade will necessarily result in a profit, but over a series of trades you will make money, guaranteed.  But you must have a defined set of rules that captures these kinds of trading opportunities.

There also has to be rules for exiting.  Trading multiple contracts, one can scale out of a position and lock in profits to reduce risk exposure.  The reason for taking partial profits on the rally that followed the pattern buy signal came from a resistance area where we added a horizontal line that show where/why the rally stopped/paused.  The last two small range bars show how the sellers are unable to push price lower, and the reaction, so far, has been weak.  Weak reactions lead to higher prices.  The trend favors higher prices.  It is not a guarantee, but the odds of continuation are greater than not.

You always want the odds in your favor.  How do you get the odds in your favor?  Have a fixed set of rules to take advantage of market set ups, and there are so many kinds, and they all repeat over and over and over.  We cannot say that enough, so we repeat.

Unusually large spikes in volume are generated by controlling interests, smart money, however you want to reference these monied participants.  They are typically a transfer of positions from weak into strong hands.  The public it too disparate to unify into a collective pack and move volume in a concerted effort, so it is always smart money doing the moving.  Also, note where the volume spike occur…almost always at market tops/bottoms, swing highs/lows, important support/resistance areas.

This volume spike is near an important low, and more importantly, in this particular instance, it is occurring at the RHS [Right Hand Side] of a protracted TR.  The farther price moves along the RHS of a TR, the closer it is to resolve [ending].  We may be getting an important clue here.  Will the daily provide more detail?

There are several things going on here.  First, let us acknowledge the potential for a set up that is very similar to that discussed in the fiat “dollar” chart, above.  Prior week’s support is what we showed in the prior week’s chart.  Another horizontal support line was added, [dashed line], to show how support is an area, sometimes layers and not just a single price, as many opt to use.

Price spiked lower, last Friday, retesting the March low and briefly going under the retest from late April, but note how price rallied strongly into the close on higher than average volume.  Tuesday had a larger spike volume to the downside, but the close of Friday was higher than the close from Tuesday, and we infer from that that the Tuesday spike volume was strong hands buying, weak hands selling.

Everything needs to be confirmed, which means Friday’s bar where buyers overwhelmed sellers and took control needs to have a positive retest.  It could be brief, subtle, and on occasion, not at all.  One can never know, nor does one need to know.  Just follow the established rules, and everything will work out.

Silver’s positively developing activity yielded a closer look at how gold was developing, and we took a more focused note that the TR since the end of March has been holding like a rock above the March retest swing low.  The entire TR is a retest and one that is holding well, under the circumstances.

It is possible gold and silver are starting to see a change in sentiment.

Gold daily shows what we keep saying and something of which you should always be aware: markets are always testing and retesting, and in the process, these test can leave behind important clues.  There was a retest of the recent low in May and a lower retest in June, but the June violation of the May swing low was brief.  In fact, maybe you can recognize the character of the June retest.  We did not label it as a retest pattern as was noted in the “dollar” and silver charts, but that is what it is.  You can see how not all retests are exactly the same, but they respond similarly.

What makes gold’s retest from Friday of greater interest is the manner in which is was much more obvious in silver.  Lastly, the spike in volume, arrow bar, ostensibly shows a strong rally and close on strong volume, collectively a positive statement.  Sometimes, the volume can have the opposite effect where sellers have “hidden” in the rally but really took control from the buyers, and price moved lower, at leaf for a bit.

The net effect has been to show how one should always be reading the market from its perspective, based on the market’s activity and what message[s] it may be conveying.  Then, armed with a set of rules, impose them on the market and decide not to engage unless and until your rules of activity are being respected, presenting you with an edge.

Trading is a business and needs to be treated like one where you are the center of every decision.

http://edgetraderplus.com/market-commentaries/gold-and-silver-three-choices-sell-hold-hold-and-add-a-trading-treatise

http://edgetraderplus.com/market-commentaries/gold-and-silver-elites-puppet-obama-western-worlds-worst-enemy-for-freedom