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.

Articles by Michael Noonan

The point of reading developing market activity, as seen in charts, is to eliminate any need to “predict” what may develop next day, week, or month.  There is no more reliable a source of information than the market itself....
The silver situation continues to grow more positively, based on developing market activity.  Almost everyone has an opinion, but they are all subservient to whatever the market dictates with its most current and most...
Finally, a classic example on the importance of reading developing market information, as shown in this SILVER chart!   That last bar on the weekly chart speaks volumes, a gap higher from apparent weakness. The odds of silver...
One of the largest issues many have with technical analysis is linking an understanding of their fundamental “beliefs” with prices on a chart.  By fundamental, we include simply the knowledge of any number of known factors,...
The daily silver is similar to but not as strong as gold.  Still, evidence is growing to expect some sort of rally.  Until we see the how and the extent of any rally, there can be no change in the assessment that the...
Do markets send messages?  Absolutely, and they are there for anyone and everyone to see as they develop.  Most people like to read news about increased demand for gold and silver, record purchases for silver eagles,...
A shout-out to I M Vronsky and his crew, [Gold-Eagle], for reaching its 475 Millionth view since it began on 1 January 1997.  Congrats!This is a singular look at silver because of its current position on the charts that may be...
When the markets “speak,” we “listen.”  For all of the non-stop bullish “news” about the unprecedented demand, more for gold than silver, and all of the talk about how useless the COMEX paper market is, it has been the paper market...
“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...
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...

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During 1500s the Spaniards had taken 16,000,000 kilograms of silver from Peru.

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