Gold And Silver – Current Price Is The Story

Forget all the news, all the fundamentals, all the [mostly errant] price projections. There is a reason why a picture is worth more than 1,000 words, and this is one of those times where it is best to focus on pictures of the market, over various time frames, to get a better handle on what to expect moving forward. Put to rest every so-called PMs pundit or blogger that has persistently been calling for higher prices or saying the low is in.
We keep saying that the best and most reliable indicators come from the market. Time to stop listening about what others have been saying about the market and pay closer attention to what the market is saying about others. Several months ago, we expressed the thought that 2014 would likely be more like 2013 and to not expect a dramatic increase in gold and silver prices. Even that was optimistic as silver just reached recent 4 year lows.
Are the markets manipulated? Absolutely! The United States and United Kingdom are both in the throes of desperation to keep alive the largest ever Ponzi scheme, that of Western central banks run by the unelected bureaucrats of the Bank for International Settlements [BIS], and all of the similarly unelected bureaucrats from the International Monetary Fund [IMF], who rule over all Western governments. Gold, and silver to a much lesser extent, are the proverbial wooden stake to be driven into the heart of the fiat system which rules over your life, realize it or not, like it or not.
Have these unseen faces been successful in suppressing PM prices? Without question. Can it continue? Without question, but the increasingly pertinent question now is, for how much longer? No one has the answer, which has been proven despite the never- ending opinions asserted over the past few years. With each passing month it becomes sooner rather than later, but even sooner is taking longer than most have expected.

This post was published at Edge Trader Plus on September 20, 2014.