Saturday Report

The Mission Of The Silver News Surfer Has Always Been & Will Always Be - To Preserve Your Wealth, Protect Your Purchasing Power and Create Generational Wealth!

May Health Wealth And Success Be Yours!


Silver Price Backwardation, Corrections and Perception Shifts

Silver Bullets
  • Big Boys Covering 6,815 Silver Short Contracts on This Weeks Manufactured Takedown! Time To Buy!
  • At $28, It Doesn't Seem Like Silver Can Ever Get Through $40 Again... But It Will Sooner Than You Think
  • Why Should Investors Care About The Petro-Dollar? It Has Everything To Do With Your Investments
February 24, 2013 1:46 pm est

Feb 23rd 2013 8:00am

Gold & Silver COT Report 2/24/13: Commercials added 2,026 additional long contracts to their total on the week after tremendous gains last week and covered a huge 6,815 shorts to end the week with 47.11% of all open interest, a huge decrease of 2.35% in their share since last week, and now stand as a group at 189,780,000 ounces net short, which is a decrease of over 44 million net short ounces from the previous week!!!

Read More Here

Matterhorn Asset Management – When we discuss gold going up dramatically in a short period of time, most people think it can’t happen.  We’ve talked about the next targets of $4,000 to $5,000, and people in the mainstream media would say that’s crazy.  Investors just need to be patient.  This move will happen.  We have been in a 17-month consolidation and this is quite normal in bull markets.  All this type of action does is build massive energy for the next move.  So investors simply need to sit tight and hold on to their positions in gold and silver.  Time is on the side of the longs, and solidly against the bears.”

Read More Here

The recent downward corrections in the price of silver make it look like the market is being pushed off a cliff by the concentrated shorts in order to influence the perception spectrum of retail investors. Nevertheless, these downward moves do not seem to consist of reality-based corrections, because the price of silver was never too high. The price was just too high for the shorts and so it needed to be muscled lower.

 If their large short positions become too deeply underwater, the threat of panic short-covering tends to raise its ugly head. Although the deep-pocketed bullion banks seem unlikely to cover their shorts quickly, a speculative buying panic will move money into each and every physical or derivative form of silver that exists. Margin raising, coordinated dumping and halting futures trading would not stop the rally in silver once the market’s perception of the metal shifts along the spectrum from fear, disinterest and disdain towards curiosity, interest, action and — finally — greed.

Read More Here

In the midst of the latest epic cartel paper gold and silver raid this week, legendary precious metals expert Eric Sprott sat down for a  MUST LISTEN interview.   In one of his best and most shocking interviews ever, Eric discusses the latest gold and silver raid, his take on the platinum & palladium markets, the Bundesbank’s recent gold repatriation request and the correlation with massive physical gold buying in Asia, and his view on how the endgame of the Western financial/ debt crisis will play out.

Sprott stated that the Treasury Department’s 2012 GAAP budget deficit report was an astonishing $6.9 Trillion, and this has not been reported in 1 single major news outlet!  He also stated that the US government may be exporting German gold from the NY Fed to China, and that despite their recent apparent success, he expects that one day soon the cartel will be brought to their knees simply by traders standing for delivery of physical metal.

Read More Here

Currency Wars: Bye Bye Petrodollar – Buy, Buy Gold – Competitive currency devaluations are in effect a continuation of currency debasement. Debasement is simply the devaluing of one’s currency or money. In ancient and medieval history it used to be done through the clipping of gold and silver coins. Today it is done through excessive money creation through the printing of, and indeed the electronic creations of billions and billions of dollars, pounds, euros and other fiat currencies. Indeed, today central bankers are creating billions and billions of electronic money simply by pressing a few buttons on a computer.

Currency wars are set to deepen as most industrial nations in the western world are close to insolvent and look on the verge of recessions – potentially deep ones.  The U.S. will never be able to pay its debts back and so it will attempt to inflate them away through currency devaluation. This poses risks to the global reserve currency status of the dollar – especially as the world moves to a multi polar world where India, Russia, Brazil and China exert their increasing economic and political power.

Read More Here

End