• FREE Shipping & Insurance on Orders Over $500
    FREE Shipping & Insurance on Orders Over $500
back to top
News

Michael Noonan: When The Chinese Are Done, Gold & Silver Will Move Much Higher - Rory Hall (30/3/2017)

Image: Chinese flag with Pile of Gold

March 30, 2017

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?

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.


Rory Hall, Editor-in-Chief of The Daily Coin, has written over 700 articles and produced more than 200 videos about the precious metals market, economic and monetary policies as well as geopolitical events since 1987. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver and Silver Doctors, SGTReport, just to name a few. Rory has contributed daily to SGTReport since 2012. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Visit The Daily Coin website and The Daily Coin YouTube channels to enjoy original and some of the best economic, precious metals, geopolitical and preparedness news from around the world.


The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.

Don’t miss a golden opportunity.

Now that you’ve gained a deeper understanding about gold, it’s time to browse our selection of gold bars, coins, or exclusive Sprott Gold wafers.

About Sprott Money

Specializing in the sale of bullion, bullion storage and precious metals registered investments, there’s a reason Sprott Money is called “The Most Trusted Name in Precious Metals”.

Since 2008, our customers have trusted us to provide guidance, education, and superior customer service as we help build their holdings in precious metals—no matter the size of the portfolio. Chairman, Eric Sprott, and President, Larisa Sprott, are proud to head up one of the most well-known and reputable precious metal firms in North America. Learn more about Sprott Money.

Learn More
about-sprott-skyline
no_comments

Looks like there are no comments yet.