Search for Truth in Intelligence, Life and Universe.

Gold And Silver – 2014 Coud Be A Yawner; Be Prepared For A Weekend Surprise

edgetraderplus's picture

For the past year, we have been saying that the charts for gold and silver are likely bottoming in a normal manner, and it takes time for a this kind of formation to complete itself. It remains the case, to date.

What is likely to cause a sharp price reversal to the upside for gold and silver? If both were allowed to simply adjust to inflation, you would see a fairly substantial rally. Given that will not be the case, what will be a/the catalyst for a precious metal [PM] change in trend?

Could it be enormous purchases of whatever-is-available physical gold by countries like China and India? No. That has been in the works and a known fact for a few years now, and gold continues to languish near recent lows.

GC W 12 Apr 14

See video

The Battle of Paper is Over. The Battle of Metal is About to Begin.

neutr1n02001's picture
2013-2014 Gold and Silver Coins side 1 2013-2014 Gold and Silver Coins side 2

The battle of paper is over. The battle of metal is about to begin. When the bullets start to fly, paper money will be worth just like paper, which is nothing. When the world powers try to finish each other off, what's the point of holding each others paper money? Let's imagine Russia tries to use their US dollars saved in Swiss bank to buy ammo. Would it work? I bet it's frozen. Once again, the world is divided between East and West. However, this time it is not about ideology like World War II or Cold War. West no longer has the moral high ground. East is rising and West is declining. This is about economy power and competition like World War I. The side with more physical gold and oil wins.

Talking about gold, this past week was a good time to buy. I like to buy when it's on sale. It is amazing to see the gold price dropping! My grocery bills are getting bigger each week. I spend more money to fill my gas tanks. Canadian Penny is no longer accepted. Canadian postage is increased to one dollar. Yet, gold and silver price is dropping!

This time I prefer quality and variety over quantity. I bought one gold howling wolf. The first five 9 gold coin I ever bought. I also bought small numbers of silver coins of Chinese Panda, 25th Canadian Anniversary Maple, Canadian Pergrine Falcon, UK Lunar Horse, Canadian Arctic Fox and Canadian Polar Bear.

Gold And Silver – Power Of Elites More Important Than China’s Gold

edgetraderplus's picture

Being successful in trading has a lot to do with finding the developing “story” behind the price structure of a market. We had good results in February because we keyed into some very important pieces of market information that would lead to a likely result for the direction of price, or what we call “the story of the market.” We had less success in March because the focus was more on trying to catch up to the story, where being just a step or so behind is not as rewarding, even resulting in loss.

For the past several weeks, we have shifted focus on what we see as the truer “story” of the PMs market, [Precious Metals]. Some may think we have gone off on an unrelated tangent talking about the elites and fiat currency. The PM community has maintained a relentless focus on how much gold is being imported by China, the diminishing supply of physical gold at COMEX and LBMA, and a host of other popular statistics that support what seems to be important for gold and silver adherents in their beliefs that should ultimately lead to higher prices.

The Law of Supply and Demand is what determines price. Not enough are looking at how the elites are able to distort that Natural Law and bend it to their will. It is the power they can exert, and distort, on any aspect of human life, at least in the Western world, that keeps gold and silver at unnaturally low prices. The more cogent issue is, for how much longer can elites keep their unnatural control over the natural forces of Supply/Demand?

GC W 5 Apr 14

From Social Network to Guns

neutr1n02001's picture

Last Month a FaceBook recruiter contacted me if I'm interested in working for them. I sometimes get messages from recruiters daily but since I'm happy with my current job I ignore most of these requests except ones from a very few top companies. So I had a short phone call with the recruiter. Unfortunately I found out they were only filling positions for US locations. They are going to close the Vancouver office next year. I told the recruiter I had no plans to move to US. She was quite nice and still invited me to attend an Engineering Tech Talk at Vancouver office on March 25th.

So I went to FaceBook Vancouver Office Tuesday evening. The FaceBook location is only three blocks away from my office. It has a warehouse/factory type of interior, which I don't find attractive. But I really like their choice of paint on the walls. It's Apple Green, quite similar to the colour of my Jeep!

The tech talks were short and not deep. I guess it's mainly a recruiting event. I liked the fact that FaceBook is mostly built upon open source tools and their major work seems to be extending and improving those open source tools like MySQL and Memcache. Another thing I find nice is their use of C++. I've been doing Java for a very very long time and I'm longing to go back to program in native languages like C++.

On my way home I started to think about my job at Safeway IT. Safeway has recently been acquired by a private equity firm Cerberus. The future of this Vancouver office is not very clear to me. It could be closed just like the FaceBook Vancouver office. What should I do then? It reminded me of an hour long phone conversation with my sister the night before.

My sister and her family lives and works in the centre of Silicon Valley. She works for Google and her husband works for Amazon. I recently connected with her through FaceBook and Google+. Monday night she called me. She asked me directly why I'm so much into guns and violence. She got the notification through Google+ that I posted some videos of myself shooting on YouTube and she got very worried seeing me with guns. She asked me to delete those videos from YouTube. “Employers these days will search social network before they make hiring decisions. I don't think they would like to hire people like you. These video of yours will cost you job offers in the future!”

See video

Gold And Silver – They Are Money!

edgetraderplus's picture

Almost all who read our commentaries know that we place the greatest importance on reading the developing market activity, as best seen in charts, in order to have the closest pulse on what is going on in the market[s]. The reason is because the activity found in price and volume behavior reflects the decisions of all market participants.

Smart money leads, the rest follow. What constitutes smart money? Those with the most knowledge and deepest pockets that control what goes on. In the US stock market, it used to be institutional money that drove stocks. For the past few years, it has been the Federal Reserve, through Permanent Open Market Operations, [POMO], and the all of the QEs that have unsustainably propped up stocks.

In the Precious Metals, [PM], it has been the US and London central banks colluding to suppress primarily gold but also the silver market, and with gold, the active suppression has been going on for at least the last 50 years, just more blatantly in the past few. It is for these reasons we have turned our focus toward the elites, all related to the Rothschild dynasty, because they control all of the money. All Western money is worthless fiat, but for as long as the masses continue to believe the "emperor is wearing clothes", the elites rely on people turning a blind eye and will get by with their massive Ponzi scheme.

Let us be clear about one thing, and the most important of all to never forget: gold and silver are money, and the truest form of money. Everything else, the fiat Federal Reserve Note, erroneously referred to as the "dollar", the Euro, the Yen, the Swiss Franc, and every other Western form of what passes for a country’s currency is worthless paper money, backed by nothing but more worthless paper money. Actually, it is not even paper anymore. Almost all fiat currencies are digitized, paper being a small percentage.

GC M 29 Mar 14

Google Ads

Syndicate content