On a Personal Note…
I want to thank those of you who wrote in and left messages this weekend complimenting the new format of the daily briefing – The goal was for you to enjoy and navigate the site more effectively and I’m glad to accomplish this for you.
Of course the emails and messages didn’t just come with compliments, they came with questions and concerns regarding yet another raid in silver and gold on Friday with a bad jobs report.
As I’ve noted previously, we have to follow our own personal instincts and gut feelings and for me, I know in my core that we all need to “sit tight to be right”.
Until the fundamentals for silver and gold ownership change, I will sit tight on my physical metal. I believe that with all of the conflicting information that I sift through tirelessly each day and the sources of said information – I also know that these people are not newbies and neither am I.
When silver & gold find their bottom and start to launch higher, there will be so many people left behind.
Same as before… scared, confused, under-informed and momentum chasers.
You see, when silver and gold start to go up, I promise you I will hear things like “it’s way too high now, I’m going to wait until it comes back down”. These are very unfortunate events that we will have to deal with, regardless of each type of investor – I just hope and sincerely pray that my readers are not like that.
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!
Now, onto the business of protecting your wealth…
I had some very interesting correspondents this weekend with some readers who are insistent that we are heading for or are already in an deflationary environment (hope you don’t mind me sharing guys)
I do understand that through the windows of life, people will see things differently with different eyes, that’s what makes us individuals. However, when I’ve noted previously – “name me one thing that I can buy cheaper today than I could just 3 years ago?” When each year that goes by, all the “things” we use either go up in price or the packaging gets smaller or more “fillers” are added.
When I see that the US is $17 Trillion in debt and the FED keeps printing their $85 Billion a month to buy our own treasuries, it makes me wonder and search deeper – After all, I have to take control of my own family finances because I really can’t believe the G-Data they way I could years ago – Today, it seems everything around me is being manipulated like it was legal to do so.
Why would the FED spend $85 billion to buy our own treasuries every month (give or take treasuries, MBS etc) since 2008 – Now they talk about tapering off the purchases. Of course I am in favor of taking away the cool-aid and start to have “real growth” in our economy again, but can you imagine what the financial system will look like if they start to pull the sippie cup away?
It will certainly wreak havoc in the equities, bonds, interest rates, real estate, etc… I mean the entire system would come falling apart – But wait… Isn’t that what they tried to avoid in the first place? Isn’t that why “WE THE TAX PAYERS” paid for TARP, bailouts, nationalizing certain companies, QE 1, 2, 3, and now 4?
This is where that “gut instinct” comes in for me… They spent all that money and now they will have the system crash anyway? I don’t think so and that’s why I air on the side of (Peter Schiff, Micheal Maloney, Eric Sprott, Jim Rogers, Richard Russell, Jim Sinclair), just to name a few, when they say that QE will go to infinity.
This is not mathematically possible, but allow me to close with this…
I have always been told by my folks to “put yourself in the shoes of others” so here goes…
I am the Chairman of the US FED and I have complete control over the markets and I can point them in whichever direction that I want with just one word from my mouth, even if I don’t mean or even believe what I say, I can still control the direction of the markets with my tongue.
The financial market moves just when I am behind close doors meeting with my other board members and I know this can continue to go on as long as I, and my friends want it to and you “the US citizen” can not do a damn thing about it.
I know that this is a corrupt world, but as most people will agree, I am the godfather of such a club and it’s actions, so just go to work like nothing is happening and I will do what I think is best for you, even if it means taking all the money I spent on bailouts and sending your money to other countries and supporting the same banks who are ripping you off.
I can’t tell you the real truth of what is going on, because “you can’t handle the truth” and chaos will ensue the streets everywhere, so I feel the less you know about what is really going on behind the curtain, the better off you will be.
And oh, by the way, thank you for my annual base salary of $200K per year, but that’s peanuts in comparison to the money I make with my investments, because I know when the market will move and in what direction – well before you do!
Allow me to assist you in understanding these ever changing and challenging financial markets and more importantly, how you can profit on the upside potential and protect yourself from the downside risks….
Now, onto the breaking news that matters…
The Revival: Friday’s Chart Mania – Gold represents wealth. It is the staple around which everything else revolves. Alan Greenspan agreed with this in an article he wrote in 1966. But when Greenspan was chosen as Fed chief, he turned his back on gold in favor of power and prestige and Federal Reserve notes. From there, his career went downhill, he’s now considered a sad joke. When Ben Bernanke was asked if gold was money, he dodged the question, and by omission he denied that gold was money. This was the beginning of his troubles. He was living a lie. – Richard Russel, King World News
Just like the previous times in 2006 and 2008, this precious metals market is now marking time before the next up-leg begins, and it will be similar in scale to the up-legs that followed the 2006 and 2008 corrections. The one huge difference is that in 2006 and 2008, China was not actively and aggressively accumulating physical gold. A little more patience is all that is required – i.e. “sit tight and be right.” Fridays nonsense aside in the markets, we present a 13yr daily chart of gold that shouldn’t’t need any explanation:
Manipulation ? – Chart Shows Mysterious Gold Move – Take a look at this chart and what it shows. There’s a line down the middle of the screen that shows 8:30 Friday morning. That’s when the jobs report came out and now just milliseconds you see gold trading down, you see trading volume popping and three strong legs down before 8:30. Things that make you go hummmm.
Expect Massive Inflation & Pain For Ordinary Citizens – “Wall St. Pundits have summarily declared Ben Bernanke free from any wrongdoing regarding the negative effects derived from artificial interest rates and massive increase in the Fed’s balance sheet. Specifically, most market commentators now claim with certainty that the central bank’s unprecedented manipulation of markets has been done without creating any inflation.
This assertion is untrue in every aspect. Most importantly, the Fed’s quest to boost asset prices has been accomplished by creating credit by decree. In other words, Mr. Bernanke has purchased more than $2.5 trillion worth of MBS and Treasuries with newly manufactured money within the last five years alone….
12 Clear Signals That The U.S. Economy Is About To Really Slow Down – Thanks to decades of incredibly foolish decisions by our leaders, an economic collapse is inevitable. This is especially true considering the fact that our leaders in Washington D.C. and elsewhere will not even consider many of the potential solutions which could help start turning our economic problems around. So since there are no solutions on the horizon, we need to explain to people what is happening and help them to get as prepared as possible.
If you have a family member or a friend that does not understand the long-term economic collapse that is unfolding all around us, please show them my article entitled “40 Statistics About The Fall Of The U.S. Economy That Are Almost Too Crazy To Believe“. It goes a good job of pointing out many of the reasons why we are heading for complete and total economic disaster. The years ahead are going to be very hard, but we have a choice as to how we will respond to the challenges in front of us. We can face those challenges with fear, or we can face them with courage. Choose wisely.