Michael Noonan
Michael Noonan, of Edgetraderplus, is a chart analyst with 30 years experience in the futures markets. His focus is entirely on reading developing market activity in the form of price and volume, to better understand what the markets are saying coming from what is the best source of all information: the market itself. His website is http://edgetraderplus.com.
Michael Noonan Articles
On Friday morning, gold trading was shut down for 10 seconds in a “stop logic” event, as the CME explains. In essence, when there is an overload of orders that cleans out stops, the market halts, [10 seconds???] “designed to prevent...
Last week, we began an article on the Central Bank Death Dance, and made it part 1, [here]. The main premise we want to address is why the broadly known demand factors for gold and silver are not being reflected in higher values.
If “they” can get you to ask the wrong question[s], “they” do not have to worry about giving the right answer[s].
The proverbial handwriting has been on the wall for quite some time. Lying Ben Bernocchio just sealed the fate of the already doomed fiat Federal Reserve Note, aka the “dollar,” along with the financial well-being of most unsuspecting...
A few have inquired about our greater focus on the charts as they pertain to the Precious Metals, of late, a shift of which we have been cognizant. The reason is, it suits our purpose. Our purpose is to pursue profitable trading, and...
Is the current rally from the lows the result of: A. Long lines to buy silver and gold coins world-wide B. Unprecedented demand for those same coins, year over year C. Drawdowns of physical gold/silver on COMEX D. Central bank PM vaults...
If you do not use stops in a market, do not complain about giving back profits or taking larger losses. That is the negative approach to handling one’s portfolio, and for some reason, more the norm for stock investors/traders.
In a week of no news relevant to gold and silver, gold slipped under the 1400 level, for some “unknown” reason, while silver just slipped a little. Friday marked the close of the week and month, for charting purposes. A look at the...
We are no fans of the Fed-sponsored stock market takeover, but that seems to be the way of central planners, these days…eliminate free markets and get them to react how it puts central planning and Lying Ben’s disastrous QE4Ever in a...
Last week was an homage commentary to the market forces, what we always attribute as being the most reliable source of information. For the first time in many months, we began recommending the long side in futures, starting on 7 August:...
