Feb 22nd 2013 7:30am est
There are tremendous forces at work that will push silver over $100 an ounce. According to the 2012 World Silver Survey, total global silver investment demand has risen from only 31.6 million oz in 2002 to a staggering 282.2 million oz in 2011. As world economic fiat based monetary system continues to deteriorate, investors are taking delivery of physical silver rather than holding on paper contracts that may not be backed by any metal whatsoever. This has created a run on the LBMA… the largest metal exchange in the world. Once the world ‘s liquid energy supply starts its inevitable decline from its current plateau, annual silver metal production will decline as well. There will be no silver glut and there will be no silver available when the world’s fiat monetary system finally dries up and blows away. Get ready. The forces for pushing silver over $100 have just begun.
How Long Will Your Retirement Savings Really Last? The modern age of medicine has lead to a longer life expectancy, something few people would complain about. But this has coincided with a global economic downturn, where unemployment levels are high, taxes are rising, and almost everyone is feeling the pinch.This is affecting retirement savings. On average, people around the world have a 44% shortfall in their retirement savings, the HSBC study found.
Please, Please, Please Don’t Sell Your Gold – You’re Being Played Jim Sinclair Says…It’s Going MUCH Higher Soon! Fundamentally, we are approaching the period in gold when it will move up the most points in the shortest period of time. The paper gold market is being used to shake the bullish tree harder this time than any time before because of what is to come. Fear is the most powerful emotion in markets and it is being used perfectly to enrich the grand names of finance at your expense. Remember how you felt during the first reaction above $1000? This is nothing different. The take downs are planned for times when the market is least liquid either inter day or inter market. This is not liquidation, it is price movement only. I used to do this for a living. I don’t “think” [this is the case], but rather, I “know” [it is]. Clearly the gold banks will try to get gold into a capitulation point. Hear me: We are right in front of that time when the market performs a classic bottom both in shares and physical. From this point gold is going to and through $3500. That is why what happened today is happening in the first place.
The public buys the most at the top and the least at the bottom. The average individual investor is most bullish at market tops and most bearish at market bottoms. This is due to investor’s emotional biases of “greed” when markets are rising and “fear” when markets are falling. Logic would dictate that the best time to invest is after a massive selloff – unfortunately this is exactly the opposite of what investors do.
The Big Dogs On Wall Street Are Starting To Get Very Nervous – Why are some of the biggest names in the corporate world unloading stock like there is no tomorrow, and why are some of the most prominent investors on Wall Street loudly warning about the possibility of a market crash? Should we be alarmed that the big dogs on Wall Street are starting to get very nervous? Right now some of the most respected investors in the financial world are ringing the alarm bells. Dennis Gartman says that it is time to “rush to the sidelines”, Seth Klarman is warning about “the un-abating risks of collapse”, and Doug Kass is proclaiming that “we’re headed for a sharp fall”. So does all of this mean that a market crash is definitely on the way? No, but when you combine all of this with the weak economic data constantly coming out of the U.S. and Europe, it certainly does not paint a pretty picture.
According to Bloomberg, it has been two years since we have seen insider sales of stock at this level. And when insider sales of stock are this high, that usually means that the market is about to decline…
Strike Three! The American Consumer Is Out! Faced with delayed tax refunds, an increased paycheck tax bite and higher gas prices, U.S. consumers are proceeding cautiously and scaling back, a trend that has already impacted one large retailer’s bottom line.