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
“Water, water everywhere, nor any drop to drink.” There is a similar situation with regard to fiat paper everywhere, but not a gold delivery to be made. The delirium cast by central bankers issuing unlimited fiat has kept so many people...
Whatever expectation[s] you may have, expect the unexpected and unlike what you may expect. So far, that has been playing out quite nicely, and one of our expectations is that it will continue to unfold in the same manner, and to the...
Opinion: noun 1. A belief or judgment that rests on grounds insufficient to produce complete certainty.
Charts are not predictive in nature, rather they are instructive on how to best prepare and get an edge when deciding to enter into a position, [or exit one]. It is of the utmost importance to have a game plan in place, beforehand,...
Markets provide an opportunity to grow one’s capital, and create a return on capital, in addition to a return of capital, its preservation being the benchmark to ensure it remains fully intact. Is there a magical formula for success in the...
It never gets tiring to say how the market is the most reliable source of information in the form of developing market activity. Prior to the sharp sell-off in mid-April, the prevailing belief was that central bankers had their golden teat...
The month of May is now on the books. The question is, can anything new be learned from them? Maybe not, but you would have to see them to understand why not. One qualifier to be added is, from our perspective, charts include all the known...
The market is undergoing a correction, but it is enough to call it a top? No. More evidence is required before saying that the Fed has thrown in the towel. If it takes more fiat to keep prices inflated, it will be provided. The alternative...
We cannot control the markets, but we can control how to respond to what they are saying. The paper market has been turned into a circus, thanks to JP Morgan, and abetted by the exchanges, COMEX and LME. Focus has to remain on the physical...
We are going to start off with one of the most eye-popping pictures of just one central bank, the privately owned corporate Federal Reserve, and its purported gold holding. Occasionally, we drop a bit of history that most people either...
