Truthseeking: How The Elites Are Running The World, The Dollar And Metals

Monday, September 29, 2014
By Paul Martin

Michael Noonan
GoldSilverWorlds.com
September 27, 2014

As we near the end of the 3rd Q for 2014, time is running out for all the 2014 enthusiasts that are calling for higher prices by year-end. The lessons learned from 2013 have been forgotten as not only are not prices beginning 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.

The Rest…HERE

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