Gold And Silver – A Change In Suppressed Down Trend?

Saturday  15 November 2014

Until there is a clear break of elite’s central banking dominance over the gold and silver
markets, there will be no dramatic recovery reflective of where the true price for both
metals should be.  Whether it is $5,000 or $10,000 for gold or $100 or $200 for silver
[the ounce], the current distorted pricing, as dictated by the paper derivative market and
not actual physical metal, will prevail demonstrating the power the elites exert at will.

The probability of the elites being “all in” has not even reached the stretching point, yet,
although it may be getting there.  All that remains, really, is to wait and let events take
the unnatural course they have been on for several decades.  The undoing of too many
decades of gold/silver manipulation/suppression will not be accomplished in a single year,
as it has not been over the past few years, and there is no way of knowing the time factor
for change in the year[s] ahead.

We have said on several occasions, the elites think in terms of decades, while most people
have trouble planning a year in advance.  Back in 1988, the Economist, [A Rothschild-
backed publication, certainly in terms of content], published an article, “Get Ready For
A World Currency By 2018.”  Here is a 30 year plan as evidence of how the elites work,
and there was surely years of planning involved before the article was even published.
The new world currency was to be administered by the International Monetary Fund.

It could only work if nations gave up their sovereignty [Hello, European Union], and all
currency control to the IMF, as it was imagined back then.  Greece, Cyprus, Ireland, Spain,
etc, etc, and more to follow, have virtually given up their sovereignty in favor of increased
debt “bail-outs” to “cure” the excessive debt under which each country was already buried.

There is no one who would agree that increased doses of heroin will “cure” an addict, or
increased whiskey or vodka will “cure” an alcoholic, yet the Western banking elites have
sold the notion that the only way to save a financially destitute country is to take on even
more debt as a “cure,” and the masses continue to buy into it.

There is one thing upon which almost all can agree as a certainty:  the paper fiat currency
scheme, as it exists today, is near its end, inevitably doomed to failure.  Consider a few
related circumstances.  Seven years ago, the Fed’s balance sheet was 6.3% of the U S
economy.  Today, it is over 25% of Gross Domestic Product.  During that time span, the
Fed’s balance sheet grew 5 times larger while the actual economy was up about 20%.  All
that the Quantitative Easings have done is shore up the entire underwater banking system
while the US economy has been purposely gutted in the process.

In the 10 year period prior to 2007, $13.88 of new GDP was created for every new Federal
Reserve Dollar printed by the Fed.  From 2007 through the first half of 2014, only 81.8
cents of new GDP was created for every fiat Federal Reserve Note.  This is but one example
of how the elites are destroying the Federal Reserve Dollar, gutting the economy, and
propping up their precious “Do Not Disturb” fiat debt enslavement Ponzi scheme.  Most
Americans remain in a comatose state of [un]awareness when it comes to understanding
how the fiat monetary system [does not] works.

The G-20 met in Australia last week, and guess what has been announced as a part of their
agenda?  The G-20 has vowed to focus on a plan to add $2 trillion to world GDP.  This
kind of economic insanity has no limits for the elite’s New World Order, to be controlled
by a single IMF currency.  Can it be any clearer why gold and silver are being suppressed
in order to serve the greater NWO good?

We mentioned the importance of the Swiss referendum requiring the Swiss National Bank
to maintain a 20% gold reserve requirement, from the current 8%, and it also prohibits the
Swiss central bank from ever selling any Swiss gold.  What is of great interest is the ability
of the elite’s central bankers possibly preventing the Swiss referendum from passing.
Should it pass, despite both Swiss government and banking pressure against it, the
question then becomes, what will the payback consequences be against the Swiss for
fighting the elite’s system of controlled debt.

All Western politicians are controlled by the Rothschild central banking system, and all
Western governments are subservient to these banking interests.  While it may appear
that China and Russia, along with the other BRICS nations, have banded together to put
an end to the elite-controlled fiat currency system led by the once “almighty dollar,’ now
in rapid decline, appearances are never what they seem to be, on purpose.  What is not
clear is the extent to which the elite’s central banking system has control over both the
Chinese and Russian governments.

The United States, as a world-dominating power, fades with each passing month.  This
country is done, finished, and is running on its remaining military might.  The US has no
viable means of sustaining itself.  There is no manufacturing base, there are no savings
in plant and equipment from which to rebuild.  Cities, even states, are facing bankruptcy,
burdened by decades of public pension promises that can no longer be met, along with
diminishing tax revenues.  Which country will take over?

Both Russia and China have a host of issues that preclude them from implementing a
workable world-serving financial currency/system.  It is not clear that China even has
the capacity to become the next world powerhouse.  Russia does not.  Yet both nations
have expressed support of a currency system run by the IMF, the elite-controlled
mechanism for running its New World Order agenda.  Why would they say that?

The elite-dominance of its fiat paper dynasty has ruled the world for a few centuries.
Money is least understood  by the masses, yet it is the greatest controlling influence by
a small group pulling the strings by which the Western world operates.  Does that
small but most powerful group extend its control over China and Russia?  While the
thinking is that both countries will “reset” the price of gold and silver as the fiat system
of the Western world is toppled, who knows if the elites are simply changing horses, as
it were, and will eventually be running China and Russia as it has the US/UK/EU?

There are so many unanswered [unanswerable?] questions, beyond when will gold and
silver “take off?”  As to the latter, the charts still say “No time soon.”  While this is true
as the way things stand now, change can occur at any time, but that is future, and all we
is address what is actually known in the present tense.

Yes, last Friday was the best for silver in a single day in over two years, but that does not
materially change anything.  Three weeks ago there was a S/D [Supply over Demand], two
day move lower when the recent 16.60 support area was broken.  The decline started from
the 17.20 level, so resistance is defined by that range.  Last Friday was an attempt to begin
an assault on this immediate overhead resistance.

Friday was a D/S bar, [Demand overcoming Supply].  Combining the last two Fridays, we
are starting to see a change in the character of market behavior where the strongest bars
in the down trend are to the upside.  For next week, it is important to see if there will be
any upside follow-through, and to what extent, given the overall layers of resistance, and
also the way in which Friday’s rally bar is retested.

An example of a positive retest is what occurred two Fridays ago when price moved in a
sideways manner for four trading days, maintain the gains.  Once a pattern of gains being
able to hold emerges, it will lead to a trend change.

SI D 15 Nov 14

When last Friday’s impressive rally is incorporated into the weekly chart, the response is
not as enthusiastic for its impact.  There will be an increasing number of articles declaring
silver is on its way, probably from the same writers that said the same thing over the past
several months.  Glance back at the low for 2010, and you can see how after an initial rally,
price moved sideways for about five months.  It does not mean a similar pattern develops
here, just that it can take some time for a trend to change course, and being first in is not
always the best situation.  Waiting for an upside breakout of the 5 month pattern brought
more immediate results, so it pays to be more select in one’s timing, at least for futures.

SI W 15 Nov 14

Gold’s pattern is more stable than silver’s, even though silver outperformed gold last
week on a relative price relationship basis.  The previous two swing bottoms in 2013
and almost 2014 did not lead to sustained rallies, and there is zero available evidence
that says a new bull move will commence, presuming the recent low holds as a swing
low.   Let the market prove itself first.

GC W 15 Nov 14

You can see how the general level of volume has picked up in the month of November.
The fact that the volume increase is occurring at the lows, if they hold, usually indicates
a change from weak hands into strong.  Keep in mind, it takes time to turn around a
trend, and the down trend can change into a sideways move before an up trend occurs,
so patience has merit for not “jumping the gun,” which often means a false start.

Note the combined volume of the last 10 TDs [Trading Days].  In total, it still has not led
a price move over the single down day and its volume from 31 October.  It shows the
difficulty of effort required of buyers to overcome sellers in a down trend.  It also suggests
the volume and price behavior is more in the form of short-covering as opposed to new
longs being established.

Gold has dropped 770 dollars from its highs.  A rally of 55 dollars should not be viewed as
game-changing.

GC D 15 Nov 14

 

http://edgetraderplus.com/market-commentaries/gold-and-silver-a-change-in-suppressed-down-trend

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