Archive for April, 2013

Silver News Surfer

The Daily Report

The Spot Price of Precious Metals Is Becoming Irrelevant

On a Personal Note…

 

Just FYI – In case you were not aware – Aside from great advice and good reading… The Silver News Surfer does sell silver and gold also.

There is a campaign underway that says “12 reasons we should all buy silver May 1st”  Would The Silver News Surfer support this crazy campaign? I mean something probably sponsored by some whack jobs with nothing else to do then to tell people they should all ban together for one day and do something that could bring JPM to it’s knees? Who would have thought up something as ludicrous as this?

I’M IN!!!! In this article they discuss 12 reasons… I only need one – Silver is money! Our central are killing the purchasing power of our dollars and spending our tax dollars and partying like it’s 1999 – but, when you purchase silver or gold, what you are saying to them is “I’ve had enough and I’m not going to take it anymore”! I can’t trust you to do the right thing anymore.

You have proven time and time again you cannot be trusted and while you keep getting richer and more powerful, me and my family get poorer and powerless –

Guys, I think this is a novel idea and you should all take part in this campaign, even if you went out and just bought one ounce!

May Health Wealth And Success Be Yours!

 

Eric Weigand

The Silver News Surfer

954-639-3059

 

Now, onto the business of protecting your wealth…

All over the headlines everyday we are seeing massive shortages in silver and gold. In order to make the right decisions about preserving your wealth, protecting your purchasing power and creating generational wealth, one must fully understand logically what that entails.

To accomplish these goals we must conclude that silver and gold are savings. If savings are a percentage of income that is set aside for a “rainy” day, the same model needs to be applied towards the purchases of your physical silver and gold.

If you start to accumulate at these levels and the price goes down, you stick to your structured savings plan of adding that same percentage of income to your purchasing (savings) plan. if silver goes up from here, the same law applies.

I would challenge any of you to look at your last months bank statements for your savings accounts, CD or money market accounts and tell me if your happy with the interest return on any of those accounts and the dollar amount in said accounts.

Now if you continued to put that savings into the hard assets such as silver and gold, you would see value, not a dollar amount. I would encourage you to plan your work and work your plan regardless of what you hear on the news or any other main stream media outlet.

Conclusion:

I would like to point out today that May 1st is tomorrow and as I’ve said before, we must all stick together if we want to get through this difficult economic period. The way I see it is that you have 2 choices –

You can either continue on the current path of watching your saving vaporize before your eyes and continue to trust the same people who are using the vaporizing weapon…

or

You can take matters into your own hands and ban together for one day and take some money out of the bank and either buy silver or open an account with a bullion dealer and start to make a difference in your financial future – and as you well know by now, The Silver news Surfer can help you with both!

I can help to build a strategy that makes sense according to your financial goals, again, this is something you don’t have to be confused about or do on your own – I am here to help!

Now, on to the breaking news that matters…

  

The Global “Fractional” Paper Bullion Market Is Collapsing – At some point there will be an even bigger “run on the bank” by those looking for delivery of the physical gold/silver that they have been “assured” is sitting in their “trusty” bank custodian vault.  I know for myself that I have seen enough from the JPM’s of the world to not trust anything they do or say.  I think a lot more people are finally coming to that same conclusion.

At some point there will be a complete collapse of trust in the paper monetary system and the price of gold/silver will really go parabolic, as the masses realize all at once – and far too late I might add – that everything that was rumored over the last 13 years about paper gold, gold leasing, etc is actually true.

Read More Here

The Spot Price of Precious Metals Is Becoming Irrelevant – The surge in physical buying combined with tightening supply is resulting in the premium paid over spot price for physical bullion to march upwards quickly. For all of recent memory, the price of precious metals has been determined in the paper marketplace (e.g., COMEX; LBMA). That may now be changing. Should the availability of physical bullion start setting the price action, the spot price quoted in the paper market for gold or silver will become an anachronistic irrelevance:

Read More Here

The Mother Of All Short Squeezes In Gold & Silver – it is pure insanity to be short silver here, and for that matter, gold as well.  Round two of the buying panic may be just around the corner when the paper shorts rush to the exits.  They will learn the age-old and time-proven adage about the precious metals, namely, that it is easy to sell gold and silver in large quantities, but very, very difficult to buy in size.”

Read More Here

Media Blackout, Panic & A Major Short Squeeze – We have already seen that the physical gold market has had a white hot flame underneath it.  The paper market would still like to take gold lower, but in truth it doesn’t stand much of a chance.  The price of gold going into the spring and summer and all the way into 2014 is going to make new highs.  About that there is no question.  I would add that if an investor has any sense at all, gold is for savings, and currency is simply for transactions.”

Read More Here

Casey Research – BUY GOLD NOW! The important thing to realize that if gold and silver were to see another leg down, we fully expect buying physical metals to get more difficult and expensive, not better. At this point, there is no evidence that supply is easing up. Even – or perhaps especially – at lower spot “paper gold” prices, it could become very difficult to get your hands on bullion. And you’ll pay even higher premiums on items with the tightest supply. We don’t care to predict how long delivery times could get.

Don’t be fooled by what happened in the futures market. The retreat is a buying opportunity for physical metal. If you wish you’d bought tech stocks in 1990 or real estate in 2000, you now have a moment like that in gold.

Read More Here

Silver Shortage of April, 2013 – “When will silver make its major move up?” Well, it’s been happening for ten years now, since 2003. The average annual gain is about 22% per year. That’s better than Warren Buffet’s track record, and he’s was widely regarded as the best investor of all time. (Except for the last ten years, of course.)

Also, due to the political situation of excessive government spending in all nations, silver will continue to outperform for the foreseeable future. So, don’t complain if the price of silver isn’t moving up fast enough, or languishes for a year or two as prices rise and dip in the meantime while the vast majority remain clue less of the facts. Just quietly sit tight, knowing the facts, and just keep buying all the silver you can find. ALL YOU CAN FIND.

Read More Here 

NYP Influential economist says Wall Street’s full of ‘crooks’

Corruption, insider trading and criminal behavior are rampant on a vast scale on Wall Street today as financiers and Washington play the same greedy games that brought us to the brink five years ago, according to one of the world’s most influential economists. Wall Street is full of “crooks,” and it never properly cleaned up its act after the financial crisis of 2007 and 2008

Read More Here

Silver Bullets
  • Questions You Need To be Asking Yourself Today...

Stunning Gold Shortages As Western Ponzi Scheme Collapsing

On a Personal Note…

 

Just FYI – In case you were not aware – Aside from great advice and good reading… The Silver News Surfer does sell silver and gold also.

There will be a very busy week ahead with regard to the markets as the FED will be meeting this week, as well as key data which includes the jobs report from April.

I would like to remind you to tune out the daily noise and fasten your seat belts for a bumpy week ahead. I say tune out the noise because regardless of the (falsified and manipulated) government data, the supply and demand issue for gold & silver exists bigger today than in many years.

This is one of the best opportunities I have seen in at least 2.5 years since silver was taken from $22-23 in late 2010 to just under $50 in early 2011.

I urge all my readers once again – Do not focus on the price, focus on the value of having physical silver and gold as part of your diversified portfolio strategy… I will show you why at my conclusion.

May Health Wealth And Success Be Yours!

 

Eric Weigand

The Silver News Surfer

954-639-3059

 

Now, onto the business of protecting your wealth…

Today, there are so many reasons mounting up that remind us why we need to re-evaluate our portfolio and have more of it outside the financial system as a way to preserve our wealth, protect our purchasing power and create generational wealth.

The latest scandal exposed is similarly related to the LIBOR Rate scandal, only this time, its been said it is interest rate swaps –

Folks, “they” will manipulate and “fix” anything they can get their hands on.

We realize that silver and gold are “fixed” also, but until it comes to public light, they will continue to do it. However, if they didn’t manipulate the price of silver and gold, today, you would be paying somewhere in the neighborhood of $2,500 gold and $75 silver – so we must remember to say “thank you” to them for this gift!

We also know that their latest attempt to manipulate the PM’s has backfired and caused a massive shortage for the real physical and even though there were a lot of people who did get scared out of their holdings, we still must look at this as a unintended gift from the elite –

Therefore, when someone hands you a gift, do you say no thank you, or do you take it and smile? Same rules apply here!

Conclusion:

Today’s conclusion is quite short and simple – If you stop and think for just a minute and ask yourself some questions like:

Does inflation exist today?   

Yes: On several levels. At the gas pump and at the grocery store. In 2008 gas was at $1.50 and now its over $3.50 – That’s more than double! In 2008 I could walk out of the grocery store with a cart full of groceries for $100, now you can carry it out with 2 hands and not even break a sweat!

Does the Government intentionally devalue our currency?

Yes: The money printing has NOT stopped since the 2008 financial crisis and even though they try to say they will pull back because the economy is improving… believe it ONLY when you see it!

Do we still have geo-political tensions today and threats of war and violence?

Yes: Actually more so today than ever before. With the nutjob in N. Korea still on the loose with nuclear war heads and a short temper, we can expect a breakout anytime. Also, here on the US soil, people are bombing and shooting each other like we are in a 3rd world country. I feel that at least one reason is because when people have nothing to lose, they lose it! Create jobs and put them to work!

Is there really a supply and demand imbalance with silver and gold?

Yes: There was already a supply and demand imbalance before this last cartel driven take down occurred, they just sped it up for us.

Does the “price” of silver and gold accurately represent the “value”?

Yes: Just playing guys – I just wanted to make sure you are paying attention!

Of course not! How can something in such high demand for both industrial use and investor demand be selling for $24 an ounce? How can something that was a short time ago selling for $48 an ounce be worth half that value?

Didn’t I just show you inflation from 2008? How can gas and groceries more that double, yet silver went down in price? That is why I tell you that SILVER is the most UNDERVALUED asset there is in the world today – period! No ifs ands or buts!

Friends, I have just showed you more reasons why you need to have gold & silver – If you have some, great – be greedy and buy more!

Now, on to the breaking news that matters…

Scramble for silver coins driven by bargain hunting, not fear – “We haven’t seen this type of demand since the 2008 financial crisis,” said the silver-coin-sales-mint-demand-gold-canadianPerth Mint’s sales and marketing director Ron Currie. The US Mint is also feeling demand pressure, which stopped selling the American Eagle coins earlier this week. US Mint sales are anticipated to be higher than sales after the financial collapse, December 2009. Robert Rosenzweig, CEO of Cache Metals, says the Canadian inventories are just as tight as the American and Australian coins, and he hasn’t seen demand like this in three decades in the business.

Read More Here

Fund managers see opportunity in gold’s price drop – Gold is making a comeback after its biggest single-day price plunge in three decades. The sell-off happened almost two weeks ago as investors became less concerned about inflation.

The precious metal has become a popular way for investors to protect themselves from the threat of sharply rising prices. Many experts consider that a possible scenario in coming years as central banks pump cash into there stalled economies to fuel growth. Those policies are a key reason why an ounce of gold trades at nearly four times the price it did 10 years ago.

Read More Here

Eric Sprott – Silver To Skyrocket Hundreds Of Dollars in Price – Mr Sprott was on a tear this weekend speaking as often as people would listen, I for on have a tremendous amount of respect for him… not just because he is a PM Bull, it’s because he is one of the brightest billionaires of our time, He goes on to say… “If gold goes to a new high this year, I think silver is going to a new high, which means above $50.  Where is it ultimately going to go?  I think it will be in the hundreds of dollars.

If gold goes to $3,000, silver is (already) going to be (trading) $150 to $250. That’s a big, big gain from here.  You are not going to get those kinds of gains in other instruments.  You are not going to get that owning bonds or (general) stocks.  The precious metals are the place to be.

Read More Here and Here and Here

Jim Sinclair: Seems as though Jim is a Silver News Surfer Fan – A very strong and immediate recovery, that is sustained, makes the message clear that gold is an ingredient for these wealthy families to maintain their wealth and power, not simply over a generation, but over multiple generations. “The price of gold is going to significant new highs, and that drive to new highs will be as a result of a continued move into physical gold.

Because the manipulative tool of the paper market has been revealed as a fraudulent determiner of price, the physical gold price will now be free to move to levels that even you and I will be surprised at, and it will be maintained at that level for generations.”

Read More Here

Stunning Gold Shortages As Western Ponzi Scheme Collapsing – The attack on the gold price through the paper market has totally backfired and failed.  The $300 drop that we saw, in a few days, has already retraced 50%.  That’s nothing compared to what will happen.  The attack in the paper market was always doomed to fail in the light of unprecedented demand and major shortages in the physical market. Only a privileged few will be able to preserve their wealth – By the very actions they take today!

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Another Scandal Exposed! Another Reason To Get The Heck Out Of The Damn Financial System – Everything Is Rigged: The Biggest Price-Fixing Scandal Ever – You may have heard of the Libor scandal, in which at least three – and perhaps as many as 16 – of the name-brand too-big-to-fail banks have been manipulating global interest rates, in the process messing around with the prices of upward of $500 trillion (that’s trillion, with a “t”) worth of financial instruments. When that sprawling con burst into public view last year, it was easily the biggest financial scandal in history.

MIT professor Andrew Lo even said it “dwarfs by orders of magnitude any financial scam in the history of markets. That was bad enough, but now Libor may have a twin brother. Word has leaked out that the London-based firm ICAP, the world’s largest broker of interest-rate swaps, is being investigated by American authorities for behavior that sounds eerily reminiscent of the Libor mess. Regulators are looking into whether or not a small group of brokers at ICAP may have worked with up to 15 of the world’s largest banks to manipulate ISDAfix, a benchmark number used around the world to calculate the prices of interest-rate swaps.

Read More Here

High Demand + Short Supply = Higher Prices It’s Just That Simple!

On a Personal Note…

 

Just FYI – In case you were not aware – Aside from great advice and good reading… The Silver News Surfer does sell silver and gold also.

For those of you with the testinal fortitude to call in your orders yesterday, I commend you! If you are the one who have not yet done so, there is still time.

As I’ve stated many times, you are not going in this alone, I am here for you and will walk with you hand in hand – How can I do this? Simple, I have developed a strategy for you in a previous report that outlines specifically the way to accomplish your goals of preserving your wealth and creating generational wealth.

Also, if you missed yesterdays report which outlined the timing of this strategy – now you have all the tools and information to make a 25% return on your money in a fairly short period of time using the hard assets of silver and gold, which oh by the way are in massive demand with limited supply!

Because we should not be all business all of the time, I’d like you to blow off a little steam and watch this 5 minute video – hopefully it will make you laugh and release some of your stress from a long hard week. (Video courtesy of Tim M)

 

May Health Wealth And Success Be Yours!

 

Eric Weigand

The Silver News Surfer

954-639-3059

 

Now, onto the business of protecting your wealth…

If the strategy is laid out for you step by step and you Silver adviser is here to guide you and facilitate your purchases… what else is missing? What could you possibly be waiting for?

I would like to hear your questions and concerns and reasons for your hesitancy regarding stepping in at this low and taking advantage of a recommendation to accumulate physical silver and gold… please write of call. I will not mention any names, I promise. The purpose of this exercise is that maybe the question or concern on your mind will be the same one on hundreds of others who are reading these daily reports.

With that said folks – We need to stick together, work together to reach and achieve our common goals and that is to preserve, protect and create wealth. By doing your part and chipping in, perhaps you will be helping others to navigate through their fears and concerns and at the end of the day – Isn’t that what we are here for? To help others? That’s why I do what I do… it’s to help you!

Conclusion:

If you don’t start your accumulation down at this level, chances are you never will and if you do decide to get started when you see the momentum crowd coming in, you will be buying at the high of the market and that’s not what I want for you.

I would like to see everyone have an opportunity to capture as much of this move ahead of us as possible – Again, don’t go throwing everything in, but certainly start buying down at these levels. Up a dollar, down a dollar does it really matter?

I had a conversation with a caller who sold his physical gold when it broke $1,400 – he bought this gold in the $800 range. I told him not to sell but he was scared at the moment… Would you have sold your phyz that you owned outright since $800?

I talked to him again and he knows it was a mistake and that’s when I showed him the same strategy that I showed you and he said, no. I think its going lower. I believe he bought the gold at $800 for a reason, but he lost sight of his “why” when he bought it and now he will sit on the sidelines watching it go up and up and get more mad at himself rather that jumping back in after learning a valuable lesson….

High Demand + Short Supply = Higher Prices It’s Just That Simple!

Now, on to the breaking news that matters…

Gold & Silver: Go “Get” While the Getting is Good! Here’s Why…  We have been advocating the purchase of physical gold and silver, consistently and at any price.  The point is not to “make money,” but to preserve and/or create wealth. The purpose in buying, and personally holding, physical gold and silver is viewed much like that of essential needs, like shelter, as an example.

You buy a house to satisfy a need for shelter. Timing is not the most critical factor because it is the security and comfort of ownership that matters most.  Once that need is taken care of, it becomes less important if the value declines because it is a necessity, not something that is traded like baseball cards….

Read More Here

The Fed’s Big Lie, Gold, Silver & The Reality Of Inflation – “The Fed is now talking about extending QE because they believe inflation has remained tame.  Well, that’s a shift because not too long ago they said they were going to cut back on QE and stop money printing altogether. At some point the actual inflation numbers will start to rise and you will really see gold’s 12-year bull market will really start to accelerate, and there will be nothing the Fed can do to stop it.  For the silver bulls, silver will act like gold on steroids as the metals surge higher.”

Read More Here

5 Factors That Will Push Silver to $250 an Ounce – All bull markets go through periods of consolidations and corrections. And precious metals are no exception. There has been plenty about gold’s swan dive, but less talk about silver. And at this point there’s more potential for silver than gold… significantly more. Because the global silver market is relatively small, Silver Prices tend to be more volatile; the pounding sell-off we witnessed in silver this past month is a testament to that fact.

But volatility works both ways, so when silver rises, its price can explode higher. That’s exactly what happened in April 2011, when silver prices rose by 170% in the space of just 7 months. That’s why silver investors say investing in the white metal is like buying “gold on steroids.” And right now, it looks like the silver market is on the cusp of doing the same thing all over again. According to our research, the next stop could be $40 by year’s end, and $60 by the end of 2014. And much higher after that.

Read More Here

Stunning & Massive Run On Physical Gold & Silver Continues – Keith Barron, who consults with major gold companies around the world and is responsible for one of the largest gold discoveries in the last quarter century, spoke about this remarkable situation and what it means for investors. What we have seen recently was a manufactured, but complete capitulation in the gold market.

This may surprise readers, but I firmly believe that gold will break to new all-time highs this year.  I also believe that we will continue to see a split between the paper market and the physical market, and it will be the physical market taking gold to new highs.

Read More Here

JPMorgan’s Eligible Gold Plummets 65% In 24 Hours To All Time Low – We are confident that in the aftermath of our article from last night “Just What Is Going On With The Gold In JPMorgan’s Vault?” in which we showed the absolute devastation of “eligible” (aka commercial) gold warehoused in JPM’s vault just over the Manhattan bedrock at 1 Chase Manhattan Place (and also in the entire Comex vault network in the past month), we were not the only ones checking every five minutes for the Comex gold depository update for April 25 .

Moments ago we finally got it, and it’s a doozy. Because in just the past 24 hours, from April 24 to April 25, according to the Comex, JPM’s eligible gold plunged from 402.4K ounces to just 141.6K ounces, a drop of 65% in 24 hours, and the lowest amount of eligible gold held at the vault on record, since its reopening in October 2010!

Read More Here

COT Data and Silver – The Commitment of Traders data is published every Friday. It lists the reportable positions of the commercial and non-commercial traders for silver contracts on the COMEX.

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Silver News Surfer

The Daily Report

Silver Bullets
  • Massive Demand Assures A Unique opportunity Is Presented To Make A 25% Return!

Do You Like The Sound Of A 25% Return?

On a Personal Note…

 

Just FYI – In case you were not aware – Aside from great advice and good reading… The Silver News Surfer does sell silver and gold also.

As I’ve noted before and can confirm today… We’ve won! Those of you who were able to hang on to your silver and gold should have a big smile on your face.

The inventories of physical silver and gold at the COMEX are at record lows and the shortages are spreading to other counties where the Mints are out of stock, delayed and have even suspended sales.

What this means for you and me is that this is very likely the bottom of the silver and gold market and as stated yesterday, my recommendation is BUY –

I would however, wait until Monday. With that said, what I am doing right now is pulling in all orders of ALL sizes – Clients from A-Z – New and Old and I have intentions of purchasing a large block order on Monday morning.

If you would like to be included in this order at any level, please contact me promptly to set aside your ounces of silver or gold. You must understand that timing is of the essence on your part to fill out the account documents and wire funds for your purchase by end of business tomorrow (Friday) to be included.

Although nobody has a crystal ball and can determine the exact bottom or top in any market, I can assure you all that we are a heck of a lot closer to the bottom than we are to the top and this is where people make money!… Serious Money!

May Health Wealth And Success Be Yours!

 

Eric Weigand

The Silver News Surfer

954-639-3059

 

Now, onto the business of protecting your wealth…

 

Now, in order for one to sell at or near a market top, one must first buy at or near a market bottom and as I’ve described – here we are…. let me explain.

If your goals are to preserve your wealth, protect your purchasing power and create generational wealth, this is not done by sitting on the sidelines – In any sporting event, the people who make all the money are the players, not the folks watching from the bleachers.

Look at this chart and follow along….

ag2013

This chart shows that approximately 12 weeks ago, silver was trading at $32 and is now $23. On Monday, if we all pool together and hit the market and lets say we buy 4,000 ounces of silver at $26 all in. (32-26=+6)

This means that if I buy silver at $26 and we trade back up to the “normal” trade range of of just 12 weeks ago at $32, that is a full $6 gain – this means $104,000 would buy 4,000 ounces and 4,000 ounces rises $6 that is a $24,000 gain or approximately 25% return.

Please note that this is not a pie in the sky idea, this is just getting back to the usual trading range and not all time highs – So if you look at your equities portfolio and see a 6% (with inflation running about 6%) you are at a break even or even running behind –

How you you like to finish 2013 with a 25% return?!

I feel that by the end of 2013, we will be in the upper $30’s or lower $40’s, but even just getting back to the $32 range would be an amazing return right? Especially with this massive demand in the physical happening – silver won’t even break a sweat getting back to $32.

This is your opportunity guys! When your ship comes in, don’t get caught at the airport waiting for a plane!

Conclusion:

Take this opportunity to trade your fiat currency for hard, physical currency and delight in a 25% return with virtually no risk… because at the end of the day, here is the BIG question:

Does it matter to you where your money is working for you as long as you know that its safe AND providing you a return you can be happy with?

My strongest recommendation is to get off the sidelines and get into the game! Be part of this order that will truly make a difference in your portfolio this year and allow The Silver News Surfer to guide you every step of the way –

If you are not able to be liquid to take advantage of this on Monday, simply call your equities broker and ask for a “same day settlement” and get liquid – or you can take it from a CD, Money Market or Savings Account and when your equities do become liquid, just replace those funds!

Finally, you are faced with one of the best opportunities in a long time… what are you going to do about it?

Now, on to the breaking news that matters…

  

“Panic” For Physical Gold Spreads To UK Where Royal Mint Sales Of Gold Coins Triple – Sales are more than 150 percent higher than last month  Things in the US have gotten so bad, not only are most online dealers backlogged weeks and months in advance for most PMs (as the CEO of Texas Precious Metals explained in detail, but respected bullion vaults are also now on the verge of running out of inventory. As Reuters described, a major U.S. coin dealer in New York, has been inundated by orders from existing and new wholesale and retail customers. “It’s panic. This is one of the busiest times in quite a while. People think gold’s at the lows and they want to take advantage.”

Read More Here

Silver demand seen rising in 2013 on industries, investment-GFMS – NEW YORK, April 24 (Reuters) – A pick-up in manufacturing activities and an overall improvement in the global economy should help silver’s fabrication demand recover this year, respected precious metals research firm Thomson Reuters GFMS said in a report on Wednesday. Strong buying of silver coins and bars by bargain hunters after a sharp price fall this month is expected to underpin investment demand, which may hit an all-time record.

Read More Here

Former US Treasury Official – Fed Desperate To Stop Collapse – The real concern about US bank deposits is that they are denominated in US dollars, and the supply of new dollars has been increasing by about $1,000 billion per year for the last several years.  The demand for dollars has not been increasing by the same amount.  Indeed, as more and more countries implement measures to settle their trade balances in their own currencies, the demand for dollars is falling.

Read More Here

Comex Physical Drain Accelerates—With Over $7.8B In Gold Disappearing From All Depositories – As the headline battle between paper sellers and physical buyers of gold escalates, something eerily strange is continuing behind the scenes. As first reported here on April 9th, Comex gold inventories have been plummeting, demonstrating the highest levels of physical removal ever during a single quarter in Q1, 2013. Most shocking however, is that Comex warehouse inventories are accelerating their downward plunge, with dropping inventories now spreading to the world’s largest fund depositories.

Read More Here

This Is The Beginning Of The End For The Gold Shorts – Here is the important point, as long as the physical market sells at a significant premium above the paper price of gold, the COMEX warehouse is going to be significantly drained.  You will also see the market, between various dealers and interbank 400-ounce gold bars, will also act like a vacuum in terms of the exchange warehouses.  Meaning that will also serve to deplete the COMEX inventory. So there is no question that the central planners’ move to take the gold market down has put the COMEX market in trouble.  Put another way, this is the beginning of the end of the paper gold market being the superior price setting mechanism.”

Read More Here

From Rout to Rush—Gold Stages Quiet Rally. Gold is clawing its way back up amid signs that demand for the precious metal is soaring a week after a massive sell-off sent prices to their lowest level in more than two years.  Hopes of central bank buying and signs of surging demand for physical gold are helping the battered metal bounce back.

News on Wednesday from the International Monetary Fund that Russia and Turkey raised their gold reserves in March helped trigger the latest gains. People want to hold physical gold at this level and that’s not just in India,” he said, referring to the world’s biggest consumer of gold. “In Australia, we had a queue outside one of our bullion houses about half-a-kilometer long and I haven’t seen something like that for years.

Read More Here

Silver News Surfer

The Daily Report

Will Silver Hold its $22 Floor With Options Expiration Tomorrow?

On a Personal Note…

 

Just FYI – In case you were not aware – Aside from great advice and good reading… The Silver News Surfer does sell silver and gold also.

I am thinking it will be an extreme day tomorrow with the jobs report and options expiring  – however, this is important – once we get past tomorrow I am recommending a buy!

After you read today’s report you will understand why, but do not be fooled, this is your opportunity to protect your wealth, preserve your purchasing power and create massive generational wealth – there will be no other time like the present time!

May Health Wealth And Success Be Yours!

 

Eric Weigand

The Silver News Surfer

954-639-3059

 

Now, onto the business of protecting your wealth…

In order to protect ones wealth, we must take action on the “credible” information we read. That’s not to say that we should believe everything we read, again, this falls back to “following your gut instincts”.

What intrigues me the most is how on Thursday April 11th, there was a meeting with the big banks at the White House and coincidentally, Goldman issues a statement to their clients telling them to short gold and then the very next day, the market starts to collapse.

Well yesterday, Goldman issued another statement to clients telling them to close their gold short positions – coincidence again, or inside information? Again, use your gut instinct guys.

The bulk of the massive selling is over, gold & silver were hammered, the RSI is way over sold and therefore, I am recommending a buy at this point. That is not to say “go mortgage the house” but you should start an accumulation plan now – do not sit on the sidelines and “wait to see what happens” because you will see the price start to rise, then you will say – nope! it’s too high, I want to wait until it comes back down again and meanwhile, we continue to rise to the 1,500, and 1,600 levels and you are left out yet again.

Think about the logic (or lack thereof) that I just wrote… read it again. I have seen this happen time and time again. Some people just want to “sit and watch” and those are the same people who said it would never go over 15. and 800. respectively. then they said it was too high and it would never go over 20. and 1,000. Do you know that some of these folks are still out of the market, even when I talked to them at 15. and 800.

Don’t let that be you – start accumulating here. Understand the market and the important roll the silver and gold have in your portfolio and start stacking… one ounce at a time!

Conclusion:

With people waking up and seeing their “paper gold and silver” not real or not even deliverable from the COMEX and leveraged 130-1 they want out and fast!

If you are holding any “paper derivatives” in gold and silver and you are down, I would still consider selling at a loss and taking what is left of that loss and acquiring physical – get out of the “system” and into something that is real and tangable while you still can!

Mark Twain said it best – “I am more concerned with the return OF my money, than the return ON my money”!

Now, on to the breaking news that matters…

US Mint Halts Sales, Depletes Inventory Of One-Tenth Ounce Gold Coins – Today, we learn that, as expected, none other than the US Mint has officially run out of small denomination gold coins, in this case One-Tenth ounce American Eagle gold bullion coins. We are confident this incontrovertible proof of soaring retail demand for physical will somehow result in JPM or another bullion bank dumping a few extra thousands ounces of paper/electronic gold or silver to further disconnect the paper price from what is actually going on with physical demand. As for the US Mint, first it’s fractions of an ounce: look forward to the mint running out of all bullion denominations in the coming days and week, first in gold, then in silver as well.

Read More Here

“Last Week We Were Really Close To A Default of The 130-to-1 Paper Gold Market” – We’re seeing this rush to physical gold not only in the retail market, but also for the institutional players…[it’s] just overwhelming…I [estimate] a 130-to-1 [ratio of paper to physical gold]…and I think in the last week we were really close to [triggering] a default of the paper market.

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Physical Gold Vs. Paper Gold – The Ultimate Disconnect – Casey Research – Instead of capitulating to fear of greater losses, the demand for physical gold has hit new records. The US Mint sold a record 63,500 ounces – a whopping 2 tonnes – of gold on April 17 alone, bringing the total sales for the month to 147,000 ounces; that’s more than the previous two months combined. Indian markets, which are more oriented to physical metal, now have a premium of US$150 over the futures price in Chicago. Demand at coin dealers has increased as the price has dropped. And premiums are much bigger than they were as recently as a week ago.

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James Grant – Very Bullish On Gold – “Gold, To Me, Is Not A Commodity, It’s Money”. – The most prominent fundamental of owning gold to me is the institution of managed currency, the central banking. It’s aggressive, unprecedented money printing. that to me is a single fundamental of the gold market. as long as that remains in place, it seems to me, you are compelled to look at an alternative if you’re serious about the money you have earned, and that, to me, the principal alternative to central banks, in the monetary realm is the ancient monetary asset they can’t create and gold trades for a totally different reason than other commodities.

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Will Silver hold its $22 floor with options expiration tomorrow? Given that options expiration comes to COMEX April 25th, today’s China disappointment would have been the perfect news event for the cartel to piggy-back on and smash gold and silver further.  The fact that silver is only down a few tens of cents and recovering actually offers more support to my theory that JPM really doesn’t have a need to push silver under $22.  Their entire short book should have an average basis comfortably above $22.

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Where’s The Beef – Full-Blown Panic As People Ask “Where Is The Gold?  Rather than the recent takedown doing what they expected, which was to significantly reduce the demand for physical gold, especially among the developing nations and among the BRIC’s, the demand for physical gold at a lower price has in fact multiplied. In the fullness of time the history books will show that once again the gold market went through a crisis brought on by the dwindling supply of available physical gold.  The striking difference between 1980 and today is that this time the physical really is gone.  This is the frightening reality of what the financial world is facing today.

Read More Here

Can Silver Really Go To $100?

Bill Murphy: $100+ SILVER! GOLD CARTEL & JPMORGAN TO GO LONG SILVER?

 Listen to the interview here