When the Chinese are done doing whatever it is they are doing, and I’m sure they are eviscerating the United States and the Western financial world in the process, they’ll let the market run [gold and silver]. How high, I don’t know. – Michael Noonan, The Daily Coin
A lot of precious metals analyst that I follow are busy with supply and demand fundamentals, technicals and creating charts with graphs and lines. Michael Noonan is not this type of analyst. Michael watches the “market” movement and makes his plans for extracting wealth according to what has happened over the past week and how it is impacting the charts today. Michael has successfully traded the precious metals “markets” for well over a decade and he, along with his small band of followers pounce at the appropriate time to make offload the booty.
I sat down with Michael, Edge Trader Plus, to get his take on the current precious metals “market” action. Michael, along with many other people that I follow, pointed to the same line in the sand for silver to begin an earnest move to the upside – $21.25. Michael is not convinced silver is steady enough to continue it’s current ascent and is waiting for confirmation of the latest bottom in the mid $13.00 range. He does concede there have been two recent higher-highs and one recent higher-low – all good signs the “bottom is in”, but he is proceeding with caution.
It is hard not to discuss the avalanche of information regarding the geopolitical situations engulfing our world. From Syria, to Iran/Iraq, Yemen and the list goes on from there, and Michael sees what is happening as part of the “end game” with our current economic and financial situation. The drums of war beat louder everyday and the warmongers seem to find new and interesting ways to convince the world we should begin killing one another on a much larger scale.
What about an uprising by the people? Remember Occupy Wall St and how quickly it was squelched? Michael explains that what happened to the OWS movement is exactly what would happen today, with the exception of it being taken down much quicker.
Have you seen bozena?
Click image to Enlarge
Finally, we turn to the propaganda noise known as the S&P500 and DJIA. The basic tools to keep the masses moving along under the misguided belief “all is well” and our economy is doing great. Nothing could be further from the truth. The fact-of-the-matter is the curtain may be pulled down soon to reveal the brick wall we hit in 2008. Our economy collapsed at that time and has not recovered since, contrary to what the presstitute media says all day – everyday.
Michael rarely does interviews and this is real treat for all of us.
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