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 have received a tremendous amount of feedback from you folks who have really enjoyed the last two reports from Thursday and Friday. I appreciate your compliments, it’s a lot of time and information, but I am proud to present it to you.
You also said that because of all the events surrounding the takedown in the prices of metals, you were missing the Breaking News That Matters – Becuase of the special reports – I am a man… Not a machine! LOL
With that said, I decided to come in today to bring you just… The Breaking News That Matters and less commentary – But let me leave you with this quick recap…
Silver is still sub $20 and the profit plan I shared with you on Thursday is very powerful – The seasonal influences I shared with you on Friday give you the proof and facts that by using the profit plan tool, our odds of a rising price of silver and gold greatly increase for the balance of the year and lastly, the breaking news of today signals yet more evidence of not only a bottoming process, but a launch upward.
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…
Citi: Are Gold And Silver Finding A Bottom? Gold and Silver appear to be in the process of finding a bottom; however, the price action could continue to be choppy in the coming weeks. Ultimately we expect both precious metals to move much higher in the long term with the potential for Silver to be the outperformer, as was the case from 2008 to 2011.
Fed’s Dudley: QE Could Increase If Labor Market Doesn’t Improve – The Federal Reserve’s asset purchases would be more aggressive than the timeline Chairman Ben Bernanke outlined last week if U.S. economic growth and the labor market turn out weaker than expected, the influential head of the New York Fed said on Thursday.
Pushing back hard against market concerns over the withdrawal of quantitative easing, William Dudley stressed in a speech that the newly adopted timeline for reducing the pace of bond buying depends not on calendar dates but on the economic outlook, which remains quite unclear.
The gold and silver crash is artificial – Depending on your personal net worth (the lower your net worth, the higher proportion of silver simply because it’s so much cheaper per oz than gold is), I’d look to have 30%-70% (big range is my whole point) in gold/silver ratio.
Platinum is another precious metal I’m considering starting to rebuild my physical coins/bullion positions in. Read this about the possibility (or lack thereof, really) of another gold confiscation scheme like FDR did to bail out the banks back in his day. The short story is that they are already confiscating the people’s wealth in sneakier, stealthier and more destructive ways than they did back in 1933 in the midst of the Great Depression.
SPROTT: Gold: Dead Cat or Raging Bull? The Controversy About the Precious Metals Market – “Let’s face it. Gold’s gone from $250 to let’s say, $1350. I mean, we have had a 4-500% rise here while the stocks have really not accomplished that much in the last 13 years so it’s been a great ride already. Now, in terms of where are we going from here? Some people obviously think it’s lower. I happen to think it’s going higher. I think we will see gold at substantially higher prices.”
Also From Eric Sprott – Stunning Indian Buying To Crush Silver Shorts – I just read some data on India. It said that India, last year (in the) first five months, imported 1,900 tons of silver. So far this year they have imported 2,400 tons. Now to understand the significance of this I have to tell you that the amount of tons (of silver) mined (annually) is 25,000…. At 2,400 tons in the first five months, you are basically talking at least 5,000 tons (of silver) for the whole year. That would be 20% of the world’s (annual) silver production. And this is not going into industrial uses. This is going into savings (for investment purposes).
As they (Indians) can’t buy gold, they are going to buy silver. If you tell the Indian population they can’t buy gold, they want to buy something real. They don’t want fiat paper. They are going to buy silver.
Gold Crashes Through Production Cost Levels – According to industry experts, the total cost of production varies between $1,000 and $1,200 an ounce depending on the scale of a miner’s operations. “There’s probably a lot more going in the background than we are hearing about. The gold companies are scrambling around,” Su said. “We had some companies that have costs that are well above $1,000 and they will be feeling the pinch.”
“Some miners may hold – depending on their cash flow situation – some production and inventory for a while just to see what happens,” Spooner said. “We’re into that territory now that we will be starting to see a lot of marginal production from a lot of the smaller miners.” Su backed that sentiment, adding that miners will start to close down some of the more costly mines, spend less on exploration and invest less in general.
Matterhorn Switzerland – $300 Trillion In Derivatives Losses To Lead Gold’s Rebound – For those investors with the capacity to do so, they have been adding to their physical gold positions because that is what you are supposed to do in bull markets, to buy the major declines. That is how the outsized gains will be made in the massive transfer of wealth that is still in front of us.
I expect for the price of gold to turn higher no later than mid-July, so we are very close to the bottom at this point. But gold investors should not despair because we have bankrupt governments worldwide as well as a bankrupt financial system. So the only real way to protect yourself is to own physical gold and physical silver.
Of course gold and silver have to be held outside of the banking system because the banking system will continue to implode as more banks collapse and governments will simply react by stealing their citizens’ financial assets directly out of the banks.”
GREAT READ: The Great Comex Paper Gold Dump: An Empire of Fraud and Deception. Gold is the only standard against which the dollar’s value can be truly measured since all other currencies are unbacked pieces of paper as well (well, they are “backed” by the dollar, if that makes any sense). If the Gold price rises too much too fast, it would expose the worthlessness of their fiat franchise, the slaves will no longer work in exchange for it and which is why they need to keep it under control NO MATTER WHAT.
This is why they have designed elaborate mechanisms in order to help hide the true Gold price. This manipulation is not without consequence and cannot go on forever, no matter how powerful they are. The bigger the manipulation, the greater the blowback.