Commodity Trade Mantra

Why Care IF Gold And Silver Are Bottoming, Or Not?

Why Care IF Gold And Silver Are Bottoming, Or Not?

Why Care IF Gold And Silver Are Bottoming, Or Not?

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.

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 gold and silver 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.

DX W 22 Aug 15

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.

ES W 22 Aug 15

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].

GC W 22 Aug 15

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.

GC D 22 Aug 15

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.

SI W 22 Aug 15

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, gold and silver 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.”

SI D 22 Aug 15



Submitted by: Edgetraderplus

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