Gold And Silver – The Golden Lye

edgetraderplus.com / Michael Noonan / January 1, 2017

Lye – [noun]  a strongly alkaline solution, esp. of potassium hydroxide, used for washing or cleansing.

There has indeed been an ongoing cleansing in the precious metals market since the spike highs five years ago.  Remember, there have been calls for a massive turnaround in prices for both gold and silver since 2013…2014…again, even more so in 2015.  2016 has just freshly passed, and both metals continue to flirt with their lows from a year ago.  A few years ago, all the rage was for the man and woman on the street to be buying gold and silver coins, long lines, especially in China, forming for blocks to make purchases for the inevitable rally “sure” to soon follow.

During that time, we mentioned that individuals, small traders, et al, rarely, if ever, get in at the bottom or get out at the top of market turns.  Both gold and silver were much higher, a few years ago, but the moneychangers continue to prevail as the “cleansing process” is still ongoing, tiring out the masses who had been certain that gold and silver would soar to $5,000+ in gold, $200-$300 in silver.

Gold closed the year at 1158; silver at 15.98.  The lies by the elites’ central banks continue:   gold is useless.  The favorite add-on line was that gold did not yield any interest.  Having stripped their phony fiat paper money of all interest, in fact now charging negative rates, now paper fiat no longer yields any returns.  Now, the drive is to eliminate, first, higher denominated fiat currencies, [it will happen in the US, count on it], and then followed by a total removal of all cash.  The globalists are corralling everyone into their digitalized banking system where no one will have any financial freedom, none!

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