to move higher, they are making new recent lows. Incredibly enough, many of these prognosticators are paid pretty well by their subscribers. Lesson to be learned? Absolutely no one can divine the future.
Here we are, in the cheap seats, showing our unadorned, simple charts each week, repeating the most basic advice possible: The single most piece of information one can have is knowledge of the trend. If the trend is down, do not be long, [at least not in the paper futures market]. Buying and holding physical gold and silver is a totally different issue.
It may be evident, at times, that we have no pre-determined agenda for each week’s article. Already, we are far away from what we thought we would write just as of last night. A function of this more stream of consciousness weekly endeavor is that we are no locked into maintaining a false hope, pitching something that is contrary to what the market is advertising.
Last year, there was “hope” when news would come out about record coins sales, huge Chinese lines queued to buy gold, record tonnage purchases by China, Russia, sometimes India. We are amused to see similar articles appearing again, recently. Does that information really matter? Is it impacting the market? Not in the least.
We could be wrong, at least about our “story” that attends the charts, but we are not wrong about reading the chart direction. There is a reason why we keep saying to stop listening to what others are saying, and pay attention to what the charts are saying about those others who actually participate in the markets. Once more, there is no better source for what is happening in the markets than the market itself.
Our story is that the precious metals[PMs] markets will not turn until the US and the UK lose their control over the money markets. It could not be any simpler. When will that control be lost? Not any time soon, and 2014 could very well bleed into 2015 and 2016 just as 2013 did in 2014. It could all change next month or sometime thereafter, but until it does, no change is happening, yet.
The UK is less problematic because it does not have the military might that the US has, the Empire of Chaos, led by the Nobel Peace Prize winner cum War Lord of the Flies, Barack Husain “Obomba” “If we do not have a coalition, we will not bomb Syria.” He had no coalition because his “closest allies” bailed on him. True to form, he bombed anyway, and he was joined in a last-minute “coalition” of other Arab nations that want to get rid of Bashar al-Assad, president of Syria, at all costs.
No one can stop the United States from inflicting its debt pain and military might against those who do not go along with the NWO [a wolf in US clothing], or “you will pay the price by having your country wrecked.” In the world of international laws, none apply to the US when they get in the way, and there are no consequences. Did international law stop the Obomba administration from backing a coup against a sovereign Ukrainian president, kicked out and replaced with a puppet loyal [at the end of a gun barrel] to Washington? It used to be only Mao Tse Tung who ruled with power from the end of a gun barrel.
Why Ukraine? An effort by the NWO to keep Russia from supplying gas to Europe. [Always follow the money]. Ukraine is a way to disrupt the flow of liquid gas, but Russia made a huge deal with China, last May, and has its biggest partner and recipient of Russian gas ready and willing to deal with each other, and without using the petrodollar! The pillars are crumbling for the debt-laden, gasping for life petrodollar [the US “dollar” used for all international trade contracts, at least until recently].
Why Syria? Certainly not ISIS. ISIS is a product of the CIA, just as al-Qaeda was. These were anti-Bashar fighters trained and armed, even financed by the CIA. Because the CIA does not understand Islam and the too-many different factions, most of whom do not get along with each other, these newly armed and trained fighters decided to go their own way according to their own version of Islam. Kind of like Obama: If you do not agree with us, then like Alice in Wonderland’s Queen of Hearts, “Off with their heads!”
Syria is an important end route for planned gas pipelines from Russia en route to Europe. The West will not tolerate competition from Russia, a country unwilling to relent its national sovereignty and cater to the NWO and their bearing-gifts-of-debt to overtake any country willing to accept such “gifts,” not with any strings attached, but chains and no hope of escape. It is just like the Eagles song, Hotel California, “You can check out any time, but you can never leave.”
For a point of clarity, to not be misunderstood, when we talk about the US, Obama, UK, or any other country, we talk about the government in charge and not about the people being governed. Americans, as individuals, are a fun-loving people, so are Brits, Russians, Palestinians, Chinese, almost every culture. People just want to get along and be content living their lives. The problem is the governments that control the people.
The federal government is in charge of the US, but only as a corporation, doing everything possible to enrich those who control and are a part of it. The US, all Western countries, are under total control of the moneychangers, the elites, a handful of people who control the entire central banking system, which in turn, controls the governments. None of these governments, none, care about the people being governed, except for lip service. BFD.
The Empire of Chaos war machine is in full gear, and it will go after any country, any people who get in their way, and that includes going after Americans in their own country. The NSA, FEMA, TSA, Homeland Security. All of these organization have one purpose and one purpose only: Protect the interests of the banking system that controls the nation. If you think hell hath no fury like a woman scorned is something to be avoided, try getting in the way of the elites. Lincoln and Kennedy did. Bang Bang, [My Baby Shot Me Down – Cher]
That is the war side, and we are just scratching the surface. Always remember, gold and silver are the antithesis to the elites fiat paper, now computer blips. Central bankers are suppressing the PMs to eliminate any competition to their paper debt Ponzi scheme that is beginning to unravel, thanks to China and Russia, now BRICS and a larger number of countries willing to tie their future to the growing prosperity plans of China and Russia. Both countries are always engaged in deals to foster growth, constructively utilizing their energy or making deals with, and not bombing, other countries with their own energy sources willing to cooperate without having to give up their sovereignty or become debt slaves.
Germany flinched after asking New York to return its gold. [Gone, Germany, long gone by the same powers with whom you continue to deal.] Bush, Clinton, Bush II, now Obama have done the bidding of the elites and traded away or sold all the gold for money and power. Germany stopped asking for the return of its gold, most likely under the threat from the elites to back off, or else. She backed off. There is no gold.
If Germany, considered the sole powerhouse of the EU, will not stand up, what country will? Maybe the AfD party, Alternative fur Deutschland, will embarrass Merkel into doing the right thing for Germany and her people. The AfD is a new party that wants to leave the EU and stop funding the other parasitic EU countries. As long as countries are willing to sacrifice their economies, crippling companies, hurting the economy, and harming the economic viability of their people, gold and silver are not going anywhere.
What about Switzerland? There is a gold referendum on 30 November that would require the Swiss central bank to keep at least 20% of assets in gold. The Swiss people want this, but the Parliament [government] opposes it. Why? It would “impinge on the Swiss National Bank’s ability to conduct monetary policy.” In other words, it would stop the Swiss economy from being more “fiatized” [our word], to being less “fiatized,” or less burdened by debt. The Swiss Bank would not be able to “print” [digitize] more fiat. The gold-asset holding right now is at 8%. It used to be higher, but the Swiss caved-in to the elites and joined the fiat crowd, as demanded.
What people want does not matter. What the elite-controlled Western government sycophants want is what the people will get.
None of these stories are news-headline-grabbing, but they are pieces of the puzzle that, when put together, a picture of how the elites run the world suddenly appears. They are in control. No one can oppose their power. China and Russia are opposing them, right now, and their strength, backed by huge natural resources, [Russia], and massive amounts of gold, [China and Russia], engaging and encouraging other countries to build and grow from within, may very well win the day and be the catalyst to bring down the Empire of Chaos, led by the evil cabal of debt serpents, the elites.
Neither China nor Russia are in any hurry to see gold and silver rise, as long as they can continue to buy both at absurdly low, artificial prices. In fact, low PM prices are a huge leveraging source for China to continue to buy up the United States assets as this country self-destructs into Third World oblivion. The elites are encouraging this process for they have bled this country dry of all its wealth. Now they just want control of the carcass and its military capabilities.
The strong rally on the monthly chart says to pay attention and do not ignore this higher time frame. Volume was the highest up volume, and it erased the higher volume when price sold off in 2013, first arrow. The ease of upward movement shows no sign of any stopping activity, so all one can do is watch and let it play out. Despite detractors on the future viability of the “dollar,” and we are one, the elites are not about to let it roll over and die without a strong fight. PMs are likely to remain weak with a strong dollar.
This article is brought to you courtesy of Michael Noonan from Edge Trader Plus.