Silver News

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 & Gold: Last Time To Buy At Low Or Sell On High?

May 13, 2013 9:09 am est

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 hope all of you had a chance to read through the Friday Report as it was one of significance and importance, If you didn’t get a chance, Read it Here.

As soon as you read today’s report, all the information you could possible need will now be at your fingertips – Hopefully, these daily reports make your decision so much easier about “who, what, where and when”

I believe with my core that we are in our final days of this correction in silver and gold, not because what others are saying (that just brings added confirmation) but because of the research I do on my own and hopefully, you are doing yours.

I know most of you are so busy with work and family and trying to balance life, but I want you to know, everyday and every-night I am here working for you and I’m sure that this is the type of person you want working for you in your corner.

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

May Health Wealth And Success Be Yours!

 

Eric Weigand

The Silver News Surfer

954-639-3059

Now, onto the business of protecting your wealth…

It was pointed out late last week by Bo Polny, which is Jim Sinclairs Chartist that we will never see $1,300 in gold ever again in this bull market (Read Here) Then over the weekend, he released this piece (Read Here) where he discusses specific price targets and more importantly date targets.

These are very important date targets for those of you concerned about where to get back in the silver and gold market – As noted, the price is variable, but the date is not and signifies that Tuesday, May 14th, the price correction is over and silver and gold should not only have placed a firm bottom, but should also continue its uptrend.

Although there is a lot of different speculation from different sources, they all seem to agree on one thing… The bottom for silver is $22 – This may help some of you to feel more comfortable to start to either getting back in or initiate new positions.

As I’ve mentioned before, each time an investor makes an investment decision, there are always 2 questions he/she asks themselves – First is: What is my upside potential from here? And second is: What is my downside risk from here.

Lets dissect the two questions…

First, as we know, the upside potential is the all time high of $50 an ounce in silver, which was achieved in 1980 and 2011. We also know that $50 silver is nowhere even close to the inflation adjusted high which would be close to $140 today. I know that sounds like a far away place, but I also feel that the next move in silver will be so strong, it will surprise even the most bullish bulls!

I would not expect silver to reach this all time high anytime soon, but does it really matter? Would it matter if it took 2 years for silver to reach $50? I say no. The reason for this apprehension is because if you too $100k today and purchased 4,000 ounces of silver and in 2 years, silver reached $50 you would have a 100% return on your money!

What we can look at other than pipe dreams for right now is simple, conservative movements – Lets say that silver gets back to just the old trading range of $32 of just 8-12 weeks ago as noted in this report, that same $100K purchased 4,000 ounces of silver times a $6-$7 moves would equate to $28,000 net gain (which is obviously a 28% return) This move would be expected at least by the end of the year.

Second, is the downside risks. As noted in this previous report, there really are no downside risks in silver, the only so called risk is that you might be able to buy a little bit cheaper… cheaper that 22-23? I don’t believe that we will see that although anything is possible, I truly don’t believe we will go lower.

If as noted that all technical analysis is correct and we will see the bottom by tomorrow, but just in case that a black swan event happens and silver goes to $18-$19, that would imply that my downside risk is only $4 so as implied previously, start to cost average in now and if silver does go lower, keep the powder dry and cost average down there too – it really is a simple strategy, but to stand idly by doing nothing is no strategy at all.

Conclusion:

The funny thing is is that people want to buy the bottom, but when we’re at the bottom, nobody wants to buy. They don’t pull the trigger out of fear of making the wrong decision, but I will say again, there is no wrong decision when it comes to physical gold and silver! The only wrong decision is not owning any at all!

It is with this in mind that I remind you once again – I am here for you. I’m not sure if my job description is clear to you, so I will take this opportunity to describe it once again.

The reason that I write everyday is to keep you informed of the facts and this is done to the best of my ability by bringing you research from the most influential, world respected economists, fund managers and chartists, as well as what I see through my own eyes.

The Silver News Surfer is also a trusted precious metals adviser, trusted by who? By you as you can see from some of my clients and readers here.

Silver News Surfer is also a dealer and provider of physical Gold, Silver, Platinum and Palladium which makes it easier for you the end user to allow us to be your one stop shop for all the information and product you will ever need to diversify and grow your portfolio.

The other reason is what I believe to be the most important – So you know everyday what is going on in the markets in which you invest, by the same company you invest with so you know what page we are on in relationship to your investment goals.

When was the last time you received a report of this nature from your stock broker, money manager or financial planner – These reports are a major benefit and I believe if they took their job and responsibilities seriously, you would have these reports everyday when you opened your email box. When was the last time these folks who manage your money made them accessible at night and on the weekends?

Some of the above tell you how you should take this market seriously and be invested more heavily, they are saying that when they are asking you for more money, but they themselves don’t take this as serious as they should.

I am not bragging in anyway, shape or form, I am simply pointing out the facts of why everyone should have multiple brokers working for them in their specific field of expertise and ok… maybe my goal is to show you why you should choose the Silver News Surfer as your very own Precious Metals Adviser. I take it to the max everyday to prove to you that I deserve to be your adviser, guider and provider of precious metals.

I’ve learned early on from my Mom & Dad to work hard, give all you can everyday and people will notice you. If you do that, you will never have to chase people, they will chase after you. They also taught me to do what you love to do and you will never have to work a day in your life. They were right about both – Even though I am at work by 4-5am and leave about 5-6pm it doesn’t seem like work to me… its a labor of love!

Now, on to the breaking news that matters…

 

Bull Market Time Bomb: Stocks vs. Silver & Gold – I want to emphasize how important it is to buy what you know and trust and to stay calm, cool, and collected — no matter how crazy the market gets. There certainly are good stocks out there, and it’s true current market conditions are inviting. But you MUST diversify to protect yourself from inevitable crashes:

Invest in safe havens: silver, gold, platinum

Buy precious metals on dips (right now!)

Educate yourself with alternative investment opportunities

For those who are torn between stocks and precious metals, a picture is worth a thousand words. The following charts may help paint a clearer picture of what’s going on with the S&P, currency devaluation, and precious metals…

Read More Here

Silver Bull Market Is Following The Structure Of The 70s Bull Market – The major problem with saying that the silver bull market is over, is the fact that the price has not even surpassed the high of the previous bull market. One can only begin to consider the possibility that the silver bull market is over when the price has gone a few multiples higher than the 1980 price of $50. Until then, we look for a bottom in the silver price, and the next wave higher in this bull market.

Instead, consider the Dow as a peaking bull market, with it being multiples higher than its 1973 high (the high of the previous major bull market).

Read More Here

Have An Inflation Hedge, But Make It Silver, Not Gold – DoubleLine bond guru Jeff Gundlach‘s been talking bonds on CNBC this afternoon, and as he’s wont to to he’s wading into some other markets too like MLPs and, of course, Apple (AAPL) stock. Notably he says (somewhat begrudgingly) that in this “wacky” era of quantitative easing you need to have some sort of inflation hedge in your portfolio, but that it should be silver, not gold.

Read More Here

Stunning 40+ Tons Of Gold Bought On Price Dip – What it is doing is insuring that the bullion banks are taking the long side of this hot money (shorts) chasing price to zero.  Because there is a lagging effect, we may see this (downside move) carry through until Monday, but I absolutely doubt that it can extend beyond that. This cannot stick (the downside move) with this kind of volume (on the physical buy side) coming through.

I saw premiums in Shanghai this morning at close to $26.  That’s outrageous.  The Mumbai premiums are through the roof.  If you want physical today, you are going to have to pay a premium price for it.

Read More Here  Also Read Perfect Storm In Gold As LBMA & COMEX Collapsing

Key Events and issues in This Week Ahead

Read Here