Archive for July, 2013

Silver News Surfer

The Daily Report

Why Stocks Could Collapse 25% In Just 3 Days…

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!

On to the business of protecting your wealth…

I stumbled upon a lot of research today that I think demands your immediate attention.

With that said, I will keep the commentary breif to allow you more time to dig into the research posted below.

However, I will say this… With one more month behind us, we are getting closer and closer to the point of lift off in the price of the metals based on the seasonal factors..

Are you strapped in?

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…

You have to see this…

When Bad Government Policy Leads to Bad Results, the Government Manipulates the Data … Instead of Changing Policy – Bad government policy has created a years-long unemployment problem. But instead of fixing the problem, the government is trying to paper over it. We’ve known for a long time that the Bureau of Labor Statistics fudges the numbers to make unemployment look lower than it is really is. BLS itself has admitted that its “adjustments” skew unemployment data during recessions. Indeed, the former head of the BLS recently said BLS statistics are B.S. … and that unemployment is much higher than the government is letting on.

The Bureau of Economic Analysis is revising 84 years of economic history …which will make the economy magically look better. The U.S. and British governments encouraged interest rate manipulation. And central banks have been directly manipulating interest rates for hundreds of years. Government agencies have helped banks manipulate commodities prices for decades. The government twisted statistics and intentionally lied when it pretended that the banks it was bailing out were solvent. The government has long ignored energy and food prices when reporting on inflation.

Read More Here

Gold – Should You Trust Your Instincts? Casey Research – As of this moment, the business columns are blaring headlines about the Dow and the S&P hitting new highs seemingly every other day, even with our modest pull-back in June. At the same time, gold and gold stocks have been taking a beating.

If you’re like a lot of us at Casey Research and have positions, regardless of size, in gold and silver, it can certainly be a test of courage and patience. The fundamental drivers for investing in gold have not changed. If they had, then we should sell, but clearly they have not. This is a short-term correction within a secular trend, despite what some may proclaim.

At Casey Research, we have regular editors’ conferences. The subject of two of the more animated ones earlier this year was precious metals and the direction of the market. If I may summarize, we came to several conclusions.

  • We may be in for a rough ride in the short term; however, the fundamental reasons for owning gold and silver have not changed.
  • The reasons to own gold and silver are more evident than ever before.
  • At the end of the day, none of us is selling, and we are going to be ever alert for some terrific buying opportunities as they come up.

Read More Here

Gold Market To See Largest Short Squeeze In Modern History – Today one of the savviest and well connected hedge fund managers in the world told King World News that the gold market is getting very close to seeing a massive and unprecedented short squeeze that will eclipse anything in seen in modern financial history.  Outspoken Hong Kong hedge fund manager William Kaye also spoke about what is happening behind the scenes in the ongoing war in the gold market.

So everything seems to be reaching a very interesting climax.  We now have more evidence of a lack of gold in the LBMA system, we have these curious actions by the Bank of England, and we have what we’ve just discussed with the SPDR Gold Trust, which is, at a minimum, disturbing to people who might own some of those trust units.

So we are reaching a point that would certainly appear to be the end game for the smash on gold.  And when gold resets to a greatly elevated price, people will be surprised at just how quickly the move occurs, and how high the move will be.  The primary reason for this will be because the physical gold does not to exist in the system.  We will reach a point where the shorts will need to cover, and when they need to cover there is not going to be the physical gold available that they will be required to be deliver.  As a result, I believe we are on the precipice of what will be the biggest short squeeze in modern financial history.

Read More Here

Why Stocks May Collapse 25% In Just 3 Days – Let’s say Ben (Bernanke) comes out today and says, ‘We are not going to taper.’  But let’s just say the bond market trades down anyway, and the next thing you know we go through the recent highs and a month from now the 10-Year is at 3%.  And people start to realize they are not even tapering and the bond market is backed up….

All of the sudden it becomes clear that money printing not only isn’t the solution, but it’s the problem.  Well, with rates going from where they are to 3%+ on the 10-Year, one of these days the S&P futures are going to get destroyed.  And if the computers ever get loose on the downside the market could break 25% in three days.

That wouldn’t be hard at all because it’s only going up because it’s going up.  It’s not like things are better.  And the fact that it’s gone up people are willing to look at the glass and say, ‘It’s half full.’  There is nothing half full about this glass.  There is only the fact that money printing has driven stock prices higher.

So all of the sudden in a short space of time the interest rates are now higher and equities get destroyed and that makes the economy worse and that feeds on itself.  And how do you solve that?  You can’t print money to solve that.  We are going to that place one day.

Read More Here 

It Is Happening Again: 18 Similarities Between The Last Financial Crisis And Today – If our leaders could have recognized the signs ahead of time, do you think that they could have prevented the financial crisis of 2008?  That is a very timely question, because so many of the warning signs that we saw just before and during the last financial crisis are popping up again.

Many of the things that are happening right now in the stock market, the bond market, the real estate market and in the overall economic data are eerily similar to what we witnessed back in 2008 and 2009.  It is almost as if we are being forced to watch some kind of a perverse replay of previous events, only this time our economy and our financial system are much weaker than they were the last time around.  So will we be able to handle a financial crash as bad as we experienced back in 2008? What if it’s true and this one is worse?

Read More Here

Unstoppable Demand Meets Undeliverable Object – A Run on the Bullion Banks – If this is accurate, if this is really happening, I think that the effects of this run on the bullion banks are going to hit quite a few people dead cold, like a smack in the face.

That is because there is so little coverage of what is going on in the media, even the Internet media. The gambit of smacking down price to dampen the desire for gold appears to have backfired in a big way by sparking an insatiable demand for the physical metal and a remarkable decline in available inventories. That certainly wasn’t what had been expected I would imagine when the process of a more energetic price manipulation in response to Germany’s request for the return of its gold began.

I do not believe that there can be a sustainable economic recovery without genuine reform.  A financial disaster is what the financial predators seemingly wish to happen, assuming they care about the broader effects of their foolish greed.

Read More Here

London Metals-Fraud Revealed – Approximately a month ago, the Corporate Media began leaking bits-and-pieces of information about “warehouse problems” involving the London metals-cabal: comprised of the LME (London Metal Exchange) and the LBMA (London Bullion Market Association). Being a close follower of this propaganda machine, I was well aware that such leaking was always the first step by these media Drones to explain/cover-up yet more financial crime being perpetrated by the One Bank.

When the collusion of the One Bank with its LIBOR fraud was revealed, we saw that literally “no crime was too large” for this Crime Syndicate to attempt. Now, with this sleazy warehouse scamming; we see that no crime is too brazen for this Crime Syndicate to perpetrate.

The Rule of Law is dead in the U.S. Should we be surprised that the city in which Goldman Sachs operates its warehouse scam has just declared bankruptcy? As global power (and wealth) continues its march from West to East; the (bankrupt) United States of America, “world’s only Superpower”, will be isolated and left behind – as some rotting, Third World, Gangster Regime. All courtesy of One Bank.

Read More Here

The Last Time This Happened,

Gold Prices Rose More Than 70%

By Brett Eversole, analyst, True Wealth Systems

Tuesday, July 30, 2013

The “ultimate low” in gold was three weeks ago…

That’s what Dennis Gartman told CNBC’s Squawk Box last Friday.

Gartman knows commodity trading. He’s written The Gartman Letter, every day, for 26 years. It’s a must-read around the DailyWealth office.

Today, Gartman is buying gold. He plans to keep buying. And I think he’s right. Let me explain…

Gartman is bullish for a simple reason… one that longtime DailyWealth readers will understand.

The investing community hates gold right now…

“I bought it for the simple reason that every media outlet, every newspaper article, everything that you listen to was overtly, manifestly, ridiculously bearish,” Gartman explained.

In short, no one wants to buy gold. The majority of folks continue to call for lower prices. Based on history, bottoms often form at periods of extreme hatred, like we have today.

We can see this extreme sentiment by looking at the Commitment of Traders (COT) report for gold. The COT report shows the real bets of futures traders. When traders all believe something, the opposite usually happens. Right now, the COT for gold is coming off extreme bearish levels.

 

Take a look…

 

 

 

As you can see, the last time futures traders were even close to this bearish was 2008. After traders hit that extreme level of bearishness, gold jumped 71% in 13 months.

This time around, gold prices have already jumped… up over $100 an ounce – or 10% – since their recent bottom in June. That’s put the trend in the gold bulls’ favor.

“People won’t like to hear me say this,” Gartman told CNBC, “but the trend is up and it will continue to be up until it stops being up. That’s the only thing I’ve learned in 40 years of doing this in the business. And certainly, I think the lows that were made three weeks ago will stand for a fairly long period of time.”

Of course, Gartman is a trader. He isn’t making multiyear predictions. But as a trader – with a short-term perspective – he believes the ultimate low in gold occurred in June.

I believe he’s right. Gold is coming off extreme levels of bearish sentiment. And it continues to rally.

You can easily trade it with the big gold fund, SPDR Gold Shares (GLD).

It’s tough to say how much higher gold could go. But the last time it was this hated, it rose 71% in 13 months. It could happen again.

Good investing,

Brett Eversole

Silver News Surfer

The Daily Report

We Are Staring At A Global Collapse & A Gold & Silver Explosion…

Although this video from Michael Maloney is 30 minutes long, I would highly recommend taking the time to watch it – Its explosive!
It explains in detail and easy to understand terms, what the drawdown on the COMEX inventories means for gold & silver moving forward.
A highly recommended must watch!

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!

On to the business of protecting your wealth…

There was a lot of talk over the weekend about JPMorgan To Exit Physical Commodity Business and Is JP Morgan Getting Nervous about its Silver Inventories? 

I didn’t want you to think this type of “Breaking News That Matters” skipped my attention, I just decided not to write about it because I think it’s BS. They are making far too much money crushing silver investors. The reason for posting it today is because the more I read into it, the underlying story is primarily about their depleting inventories.

What do they care about depleting inventories when the fact is they don’t have the silver for the massive naked short positions to begin with? So, until “real” news comes out, we can chalk it up to BS.

While on the subject of BS, this story has caught my attention and worthy of reading.. The Government “Revises” 84 Years Of Economic History This Week  We know that all the numbers are fixed, fabricated and manipulated from Jobs to Inflation to the gain of politicians and bankers – but this one takes it too far!

Also, from Jim Sinclair – This is coming to your home town soon, but have you taken any steps to get out of a system that is about to levy an account tax like this so far without exceptions to any entity, corporate or private?

Gold is for savings, not savings accounts. Gold held in any storage as not allocated is at risk to normal means of storage business.

If your broker is a bank your brokerage account risks bail in. All clearing houses are presently at risk to bail in, therefore your street name stock is at risk as well as anything held in your brokerage account.

Your coin dealer could have their accounts bailed in which would in turn confiscate a great degree of undelivered coins of yours.

Keep in mind a means of raising cash for bankruptcy that was proposed in the Cyprus Bail in scheme by the IMF was nationalization of pension funds.

At the heart of the financial problem is an amount of legacy OTC derivatives that exceeds the total money supply of the entire planet.

Please take some action to GOTS. You have nothing to lose and at least 47.5% to gain by simply being out of the system. How can you possibly continue to ignore this warning that I am making at a great expense to my personal and professional energy and time? What in the world do you have to risk to get a significant degree of GOTS?

Sincerely,

Jim

And from (Reuters) – Cyprus and its international lenders have agreed to convert 47.5 percent of deposits exceeding 100,000 euros in Bank of Cyprus BOC.CY to equity to recapitalize it, banking sources said on Sunday.

Under a programme agreed between Cyprus and lenders in March, large depositors in Bank of Cyprus were earmarked to pay for the recapitalisation of the bank. Authorities initially converted 37.5 percent of deposits exceeding 100,000 euros into equity, and held an additional 22.5 percent as a buffer in the event of further needs.

“There was an agreement concluding at a final figure of 47.5 percent this morning,” a source close to consultations told Reuters.

(Review the last piece of research at the bottom for further information on this subject matter.)

If you have that ugly feeling in your gut that is telling you something is about to go down… what do you have to loose by taking the steps to protect yourself now? The best case is that they were wrong and nothing happened and you go right back into doing what you’ve always done…. The worst case is…I don’t even want to think about it, but I will plan for it and you should too.

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…

Embry: We Are Staring At Global Collapse & A Gold & Silver Explosion – I fully expect that once we get this dull summer behind us that we are going to see some big moves.  We may head higher at any moment, but even if we see continued consolidation, it is simply building a larger platform that will launch the metals higher. This is a perfect environment for higher gold and silver prices.

This is aside from the massive physical shortages which were covered so well last week on KWN by people such as Eric Sprott and Egon von Greyerz.  All of this will simply add more fuel to the fire of this money-printing orgy we are already in the process of expanding.

Read More Here

Window of Opportunity to Buy Physical Gold & Silver Narrowing – Don’t Wait, Buy Now! The odds of being able to buy physical gold and silver at current levels diminish with each passing month.  In terms of pricing for buying physical precious metals, we are more than likely looking at the lows.

The timing for buying and holding as much gold and silver as you can will not be much better than at current prices for a few generations. The fiat game has run its course. In articles over the past few weeks we said there is no evidence of a change in trend.  That was the last few weeks.  This week is different. Let me explain why in words illustrated by a number of charts.

The window of opportunity to buy physical gold and silver continues to narrow.  Like the housing market top was known to be coming, when it came, those who waited too long regretted it.  When the bottom for the physical PMs is known as a certainty, those who waited for a “better price” may also regret that decision.  It is all about choice.

Read More Here

Singapore silver vault set to meet strong Asian demand – (Reuters) – Precious metals storage firm Malca-Amit will open a new facility in Singapore this week that can hold up to 200 tones of silver, and plans to add more capacity to meet growing demand for the metal in Asia. Silver has long been a favorite of retail investors and speculators who want to gain cheap exposure to precious metals.

Gold is currently 67 times more expensive than silver. The company is also looking to open a silver-storage facility in Hong Kong to meet demand from individual clients and bullion dealers. Gold demand is on the rise. Both from financial institutions and high net worth individuals who are looking for long-term storage solutions.

Read More Here

The Coming Shortage Of Physical Gold That Will Change Everything – “The traded amount of ‘paper linked to gold’ exceeds by far the actual supply of physical gold: the volume on the London Bullion Market Association (LBMA) OTC market and the major Futures and Options Exchanges was OVER 92 TIMES that of the underlying Physical Market.”  In other words, there is a massive amount of paper out there, but very little actual physical gold to back it up.  And right now, we are witnessing voracious hoarding of physical gold all over the globe.

Already the emerging shortage of physical gold is starting to cause some very unusual things to happen in the financial markets. The bottom line is that there is a very serious shortage of physical gold, and as this becomes increasingly apparent to the rest of the world, this is likely to cause a tremendous amount of instability in the financial markets in the months ahead.

Read More Here

Six Supports & Serious Shorts Suggest Silver Should Soar Soon – Silver has come down in price to the point where 6 different support lines have10 Ounce Silver Bullion Bars come into play coupled with a silver short situation where silver has rallied in similar situations over the past 8-years. The aforementioned suggests that silver is ideally situated to soar again soon. Take a look at the chart and decide for yourself if this is the day to get (further) invested. The decline has brought Silver down to a rare situation.

 

 

CLICK TO ENLARGE

 

The above chart is based upon Monthly closing prices in Silver. The chart reflects that:

 

  • 6 different support lines come into play at (3) in the chart above and, at the same time,
  • traders in the metals complex have established positions where Silver has rallied over the past 8-years.

Support is support until broken and this is a rare situation where so many support lines meet at one price point.

From Munknee.com

 

Here we go again… It’s Official. Bank of Cyprus to Steal 47.5%, not 10%, of Bank Account Deposits – Just as every bank failure is always reported late Friday afternoon after the US stock market has already closed, every other negative banking industry story is also reported over the weekend when it can be buried and forgotten.

So we’re here to warn you for the umpteenth time of planned asset seizures from bank accounts, pension plans, and retirement accounts all around the world as bankers have already taken legislative steps that will assure this theft will occur. On Sunday 28 July, 2013, the following huge news story was buried by the mass media.

Read More Here

Silver News Surfer

The Daily Report

Expect Fireworks in All Markets This Week, Here’s Why…

On a personal note…

it seems that silver is smashing through almost every record ever kept. In this article we can see that 2013 Silver Eagle Sales To Break All Previous Records And Top 45 Million Oz! 

So, don’t loose patience with me when I keep saying “don’t pay attention to the daily gyrations” there are a heck of a lot of other people stocking up on silver – you are in good company.

Oh, and by the way. When the US Mint continues to break records, keep in mind that they sell them at massive premiums – see here Only $43.95 an ounce! Get em while they’re hot!

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!

On to the business of protecting your wealth…

If you enjoyed the 4th of July, then you’re in for some more fun this week. According to Art Cashing, we are going to seefireworks This Week”.

It was also confirmed here that Gold Traders’ Full Plate Next Week Includes FOMC, U.S. GDP, Payrolls, ECB 

Now, fireworks don’t always have a negative meaning. According to this, Gold could see huge price moves next week as crucial new data roll in

Again, up one day down the next – it really doesn’t matter. I would just like to remind everyone to stay calm and don’t pay attention to the daily gyrations. I know its easier said than done, but when investing, your goal should not be “making money today and tomorrow” it should be for a specified period of time, generally in quarters. If you could capture even a 5% return per quarter, you’d be looking at 20% gains per year.

We know that gold & silver are the best long-term investments, but that doesn’t mean we can’t make money in the short term, especially at these levels. You just need to decide if you Are A Gold Trader Or Investor? Or perhaps both – Which is entirely possible.

What I mean is that if you are invested in gold & silver to preserve your wealth and create generational wealth… you are on the right track – However, If you are looking to capture short term gains, then read Gold’s strong season “could lift the metal more than 10% over the next few months” as well as my silver & gold seasonal report.

Confused? Don’t be….

 

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…

Comex Gold Warehouse Stocks: How It Works – THERE IS a lot of misinformation recently about Comex warehouse gold stocks. In this article our goal is to explain how the Comex works in the simplest fashion. Having been involved in the physical gold markets for thirty years – both making and taking delivery on the exchange, as well as through off-exchange deals for miners, refiners, fabricators and investors – I hope I’m in a position to share a true “insider” view, the better to inform this debate properly.

Read More Here

Eric Sprott – Physical Gold Shortage Now Reaching Extremes We have seen the COMEX inventories decline rapidly.  We know that the entire dealer inventory on the COMEX has already been spoken for by delivery notices, so essentially there will be zero (inventory) if they ever make the delivery. I believe there is a huge shortage of (available physical) gold.  You have had many people comment on that — Andrew Maguire over in London, who talks about all of the delays in shipments from the the LBMA, and people commenting that perhaps there will be a COMEX failure to deliver.

All of my work tells me that there is a serious shortage of gold on an annual basis.  The central banks have supplied it in the past, but they don’t have the ability to supply it anymore.  So I think we are getting set up for a big run in gold.  It looks like we’ve already seen the bottom and I think we are well on our way here.

Read More Here

Also from Sprott: We Are Seeing Unprecedented Events In Gold & Silver – The price (of gold) being where it is is just a joke.  It’s been totally manipulated, and when people realize what the real situation is in physical gold I think we will see a very quick run-up (in price). There are lots of reasons for people all over the world to own gold.  They can see what their governments and central banks are doing with the printing of money….

Even when I look at this month’s sales of silver coins by the U.S. Mint, they have sold 100 times more silver coins than gold coins.  Yet we only produce 11 times more silver than gold, and most silver is not available for investment, yet we see this huge investment demand for silver.

So I continue to believe that silver is going to be the investment of this decade.  I see wonderful statistics out of India on silver.  You can just imagine that if they can’t buy gold bars and coins, maybe they will start buying silver.  Well, that would just be a monstrous amount of silver that the Indians would need and there is no way that the world can supply it.”

Read More Here

The Sun Shines on Silver – Solar power appears to be coming back with a vengeance on the back of recent announcements by China and Japan. Both countries are pushing for new programs to significantly increase their solar power capacity in the years ahead. Last week, China’s State Council backed targets to more than quadruple the country’s solar generating capacity to 35 gigawatts by 2015.

Silver used in solar panels cannot be recycled and therefore disappears from the world’s silver stockpile. If China and Japan can follow-through with their respective solar programs, the silver market could benefit significantly. None of the 2013 silver price forecasts have incorporated these recent announcements, but the prospective numbers are big enough that they should.

Read More Here

Matterhorn Switzerland: Gold Shortage Creating Massive Problems For Bullion Banks – You know my view that gold and silver will go up because of unlimited money printing.  That’s guaranteed to happen.  But other factors that could put even more (upward) pressure on gold in the short-term are the enormous physical shortages…. I see shortages everywhere, and I see real problems in the market with the bullion banks still under pressure.  I am hearing that they (bullion banks) are under real pressure, and this is why we will see incredible upward moves (for gold and silver) starting in September.”

Read More Here

Russia & China Intend to kick the chair out from under the US dollar – Russia and China have now pooled their efforts in order to make their dreams of a stronger rouble and yuan come true. The currency wars raging around the world are just the tip of the iceberg, the famous US trader Russ Winter says. China has launched a series of maneuvers to wrest away from the dollar its current status as the planet’s main reserve currency.

In accordance with a long-standing Chinese tradition, the strategy of that war is based on deception. The two allies’ plan is as follows: first they want to put a tight noose around the dollar’s neck, and then, when a convenient moment comes, kick the chair out from under the United States.

Read More Here

Silver News Surfer

The Daily Report

SILVER: The King Of Future Investment Gains…

On a personal note…

When you see some things over and over again, and you really study the technicals and the clear fundamentals they start to make sense.

If you don’t feel like they make sense due to a lack of understanding them, simply pick up the phone and call someone – That is certainly what I am here for.

Sometimes, when people call, we get into heated debates about what is or is not… this is part of the fun and what creates my passion for what I do. It’s almost like judge and jury.

You state you case and I state mine and at the end, we reach a verdict or we become deadlocked, but either way, we both learn different points of view.

When people call me, I can tell that in the beginning, their guard is up, they are expecting to feel sales pressure.

The best compliment I receive from you folks that I talk to is that there is no sales pressure, you good conversation and good information exchanging hands.

Yes, I’ve made it clear time and time again – I would love to earn your business, but the key word here is earn. You can’t earn something if you are pushy or use greasy sales tactics,  Today’s consumer can see right through the BS. People don’t want to be “sold”, they want to be informed.

However, like me, if you come off as a consultant, with a true desire to help people, then you “earn” their business rather than fighting for their business and I believe it is with this approach, that my services are in high demand.

Be well and have a great weekend!

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!

On to the business of protecting your wealth…

I wanted to make something clear today. Up a dollar, down a dollar is absolutely irrelevant. This is accumulation time. Don’t try to chase bottoms – nobody wins.

Regardless of what you may think, nobody knows an exact bottom and those who try to pick it, always miss out. The bottom of any market is a range, not a price.

When we look back in a year from now, gold at $1,300 & silver at $20 will look like a bargain. Will it really matter if you bought silver at $19 or $20? I really don’t think so…. here’s why:

Respectfully speaking, people who want to “pick the bottom” have ego problems and it is with these ego problems, they end up losing near the top of a market because they think they might be able to squeeze out another point or two.

The “range” is the most important indicator in any market.

Similar to the equities, people should be scaling back on their positions, but some are waiting for what they think is the exact top, again, trying to squeeze out another point or two. This is playing with fire and regardless of you being wealthy or not, nobody should be gambling in this fashion.

It’s almost as if they want to stand on a mountain and yell… Ha! I did it! I picked the top (or bottom) There are no rewards for anyone when ego is involved and that’s why I continue to promote “accumulation and dollar cost averaging” – This activity best supports a logical business plan for long term success.

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…

SILVER: The King of Future Investment Gains – Silver Eagle sales for the first seven months of the year are a staggering 45% higher than they were in 2012.  If we look at the chart below, we can see that silver eagle sales are setting new all time records: I would imagine as the world’s fiat monetary system continues to disintegrate, the demand for precious metals will increase exponentially.

This is when silver will outshine gold.  We are currently witnessing a run on the Global Gold banks of the world.  Rumors are that gold is being drained from the GLD ETF to help meet the insatiable demand since the price of the yellow metal has declined nearly $400 in 2013.

At some point in time, the availability of physical gold bullion will dry up, forcing large and small investors to purchase the next best precious metal… silver. Silver will be the KING precious metal as it pertains to investment gains.  Only a few realize this potential… but I bet my bottom silver dollar that in time, the world will find out this hidden secret.

Read More Here

Crude Oil & Silver Price – Interesting Parallels – Both crude and silver took about 9.5 years to rally from a significant low to an important high.  The high to low ratios were similar – over 13 and over 12.  Both collapsed after their blow-off highs and fell 76% and 62% from their highs.  Crude rallied during the next four years and is now over triple its crash low.  Silver, a much smaller and more volatile market, seems likely to do something even more dramatic.

I think it is quite reasonable to expect that silver will also rally substantially from here.  In fact an explosive rally would not be surprising.  What seems likely is a multi-year rally (that culminates in another price blow-off) to four or six (or ten) times the low price in June, the inevitable price collapse, and then some months or years in a trading range at prices that make sub-$20 silver look like an absolute bargain.  I suppose that if the US congress balances the budget AND world peace is confirmed, then silver prices are unlikely to rally… but I would rather bet on higher silver prices.

Read More Here

Here Is Why The Price Of Gold & Silver Turned Around Yesterday – Keith Barron, who consults with major companies around the world and is responsible for one of the largest gold discoveries in the last quarter century, also spoke about the plunging gold inventories, collapsing future gold production, and how this developing crisis will impact the future gold price. Silver is back above $20 and the gold price is nicely over $1,300.  As we are speaking gold is roughly $150 off its lows and I don’t think gold will see those lows again….

There have also been a lot of bullion banks which have been arbitraging gold, and really taking it from North America and sending it to places like China where they have been getting a $40 or $50 premium above the spot price in some cases.

So it makes a lot of sense for the bullion banks to buy gold here in North America, take delivery, and then send the gold over to Asia and capture the spread.  This is what is happening to a lot of the Western gold:  It’s going to Asia.  And the harsh reality is that it’s not coming back.

Even though the Chinese have been getting a lot of negative press lately, they still keep taking the large surplus of US dollars and turning them into hard assets, and that includes an enormous amount of gold.

So all of this leads me to believe that gold will eclipse its all-time high this year or very early next year.

Read More Here

Gold & Silver Continue To Climb “The Stairway To Hell”(Shown With Charts) – Today top Citi analyst Tom Fitzpatrick sent King World News ten absolutely fantastic charts showing that gold and silver continue to climb what Fitzpatrick calls “The Stairway to Hell.”  Fitzpatrick also indicated that both markets are set to have massive price surges from current levels.

You are about to read one of the greatest reports on exactly where gold and silver are at this point in their bull markets, and where they are headed. It certainly appears to us that the precious metals are building a base off of which the next rally higher will begin and we continue to expect Gold to move towards $3400-$3500 by 2016 (and Silver should do even better on a percent change basis).”

Read More Here

The printing will continue, and gold will go up – Ron Paul was on CNBC Wednesday, discussing the recent drama at the Federal Reserve of whether to taper or not to taper, as well as the recent smash in gold. When asked about his view on gold after the recent correction Paul stated: “Gold is a real good long term identifier on the value of a currency and the value of our dollar… we’re printing money faster than EVER, and there’s pretty good evidence right now there’s a shortage of physical gold.”

In a brief but perfectly succinct interview on CNBC yesterday, Ron Paul shared his opinion on the need to own gold (and the physical demand for the manipulated metal) and the Detroit bankruptcy (“we’re going to see more Detroits”). He concludes that “long term, you can expect governments not to change”and that they’ll keep taking on more debt and printing more money until people lose confidence in both the U.S. dollar and the U.S. military, both of which will be shake the foundation of a fiat/dollar system.

The former Republican Presidential candidate’s full interview with CNBC on The Fed & gold is below:

Read More Here

Silver News Surfer

The Daily Report

DAVID MORGAN: SHOCKING: JPMORGAN IS NOW LONG SILVER!

On a personal note…

I can only hope that you, my friends, are planning your exit strategy out of equities.

There is way too much evidence that suggests the decline is at hand and people are warning us and proving to us everyday that it’s going to happen.

If you thing the price of silver and gold dropped quickly, wait to you see the stampede out of equities when it happens.

The Fed Has Set Us Up For the Stock Market Crash of 2013

Chart Of The Day: New Homes Suffer Biggest Two-Month Price Drop Since Lehman, Second Highest Ever

Richmond Fed Prints Biggest Miss In 7 Years As New Orders Collapse

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!

On to the business of protecting your wealth…

I get a lot of emails from customers whom I develop great relationships with – Some emails I can send and some I’d like to but I just can’t.

Here is a short interview by Paul Craig Roberts – Who says by Winter, Unemployment Explodes, More Foreclosures-Worse Than Great Depression. 

As unconventional as this is for me to post, this is an email sent by a reader (Thanks Walter W. I think I get it now)

I thought it might be a great way to understand the unemployment numbers…. All work and no play makes Eric a dull boy.

COSTELLO: I want to talk about the unemployment rate in America

ABBOTT: Good Subject.  Terrible Times. It’s 7.8%.

COSTELLO: That many people are out of work?

ABBOTT: No, that’s 14.7%.

COSTELLO: You just said 7.8%.

ABBOTT: 7.8% Unemployed.

COSTELLO: Right 7.8% out of work.

ABBOTT: No, that’s 14.7%.

COSTELLO: Okay,  so it’s 14.7% unemployed.

ABBOTT: No, that’s 7.8%.

COSTELLO: WAIT A MINUTE. Is it 7.8% or 14.7%?

ABBOTT: 7.8% are unemployed. 14.7% are out of work.

COSTELLO: If you are out of work you are unemployed.

ABBOTT: No, Congress said you can’t count the “Out of Work” as the unemployed.  You have to look for work to be unemployed.

COSTELLO: BUT THEY ARE OUT OF WORK!!!

ABBOTT: No, you miss his point.

COSTELLO:  What point?

ABBOTT: Someone who doesn’t look for work can’t be counted with those who look for work. It wouldn’t be fair.

COSTELLO: To whom?

ABBOTT: The unemployed.

COSTELLO: But ALL of them are out of work.

ABBOTT: No, the unemployed are actively looking for work. Those who are out of work gave up looking and if you give up, you are no longer in the ranks of the unemployed.

COSTELLO: So if you’re off the unemployment roles that would count as less unemployment?

ABBOTT: Unemployment would go down. Absolutely!

COSTELLO: The unemployment just goes down because you don’t look for work?

ABBOTT:  Absolutely it goes down. That’s how it gets to 7.8%. Otherwise it  would be 14.7%.

COSTELLO: Wait, I got a question for you. That means there are two ways to bring down the unemployment number?

ABBOTT: Two ways is correct.

COSTELLO:  Unemployment can go down if someone gets a job?

ABBOTT:  Correct.

COSTELLO: And unemployment can also go down if you stop looking for a job?

ABBOTT: Bingo.

COSTELLO: So there are two ways to bring unemployment down, and the easier of the two is to have people stop looking for work.

ABBOTT: Now you’re thinking like an Economist.

COSTELLO: I don’t even know what the hell I just said!

ABBOTT: Now you’re thinking like Congress.

Understand now??

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…

DAVID MORGAN: SHOCKING: JPMORGAN IS NOW LONG SILVER! Silver guru David Morgan joins Finance & Liberty’s Elijah Johnson to discuss the latest developments in the gold & silver markets. Morgan discusses the historic beating the cartel has inflicted on the metals over the past 3 months, and states with silver recently touching an $18 handle, the evidence indicates that JP Morgan is now LONG SILVER

Read More Here

Another 144 Tonnes Added To The SLV Trust Is Bullish For Silver – As gold has continued to flow out of the GLD trust in recent days, silver has now been added to the SLV trust for the fourth straight week. This raises interesting questions about the source of demand for precious metals in the U.S. and the answers have bullish implications.

As shown below, another 144 tones of silver was added to the SLV trust on Wednesday, the largest addition since January and the latest in a series of increases since the silver price dipped below $19 an ounce last month. This brings the net additions to the trust in 2013 to 343 tones, or more than 3 percent, despite a decline of more than 30 % in the price of silver.

Read More Here

The Gold System Is Based On Trust & Trust Is Breaking Down – The trading action now in gold is meant to discourage people who have reentered the gold market because of the improved technicals.  But despite the ongoing manipulation we have incredibly strong fundamentals, one example being the fact that the lease rates for gold have gone negative and stayed negative for two weeks.

What this means is people are paying a premium for physical gold today vs taking a paper promise from the COMEX or a bullion bank for delivery in a week, two weeks, or a month in the future.  So the fact that people will pay a premium for delivery of gold today tells you everything you need to know.

What the market is saying is, ‘We want gold today, we don’t want your paper.  We don’t want to hear from you JP Morgan and we don’t trust you COMEX.  We want gold and we want it delivered physically today, and if you can’t do that we don’t want to do business with you.’

Read More Here

Stephen Leeb: Failed Gold Gamble To Burn Down Western Financial System – China is accumulating massive amounts of gold.  Despite all of the news that China is in some bubble or free fall, they are still growing, and more importantly they have dramatically increased their gold buying.  China is also making its financial system more transparent.

Part of what the Chinese are looking to gain from this increased transparency is to eventually move the yuan to the forefront of international currency trading.  The Chinese are not buying up all of the gold the world produces annually just because the Chinese citizens are accumulating gold.

They buying massive amounts of gold because, as I’ve said to you for well over a year, they are going to back the yuan with gold.  The Chinese want the yuan to eventually become the world’s reserve currency, and the West is playing right into China’s hands by suppressing the price of gold so the Chinese can buy enormous amounts of it at highly discounted prices.

More and more people around the world are realizing that the primary way for them to protect their savings is by owning physical gold and physical silver.  This advance in gold and silver will be so violent that I don’t think it will be like anything any of us have seen in our lifetime.

Read More Here

Here we go again – Boehner Signals Clash With White House on U.S. Debt Limit – We’re not going to raise the debt ceiling without real cuts in spending,” Boehner, an Ohio Republican, told reporters in Washington yesterday. “We will not negotiate over Congress’s responsibility to pay the bills that Congress ran up,” “we are the United States; we do not default,”

Read More Here

Silver News Surfer

The Daily Report

Sunken Treasure Reminds Silver Investors about Long-Term Value

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!

 

On to the business of protecting your wealth…

 

There are so many fundamental reasons for gold and silver to start running up.  We’ve all heard that due to the decline in the price of silver and gold that it is now running at or below the average cash cost to mine. Some say it’s $1,100, some say $1,700, regardless of the true discovery price, it’s safe to say that with inflation in energy costs we are right around that figure.

Another issue is that back in 2008 & 2009 we have seen all these “We Buy Gold” stores popping up all over the place which has helped inventories increase, but with the recent price drops, nobody is in a rush to sell their unwanted scrap gold jewelry which is tightening supplies even more. According to Bloomberg Gold Scrap Supply to Drop Up to 25% as Lower Prices Deter Sales.

The other two important facts that may help gold & silver climb is that last week, the FED suggested that Easy Money Policy is here for the foreseeable future and the US economy would tank without it.

Also, as I wrote a few weeks ago Gold & Silver Seasonal Trends Approaching” shows that we will be in for a great second half of this year.

Flipping the coin for a minute… Lets discuss corporate earnings – I wouldn’t go popping the cork just yet. It appears that some earnings are actually beating Wall Street estimates.

That’s great news! The problem is that over the past 3 years specifically, the corporate earnings estimates were adjusted significantly lower due to the global economic downturn, so to beat the estimates that were adjusted so much lower is no cause for celebration.

A more important question would be…why is it that so far all the positive earnings have been coming from big banks and not the “main street” business who need it most?

Lastly, Watching the inventories leaving the COMEX lately is wildly bullish for the metals investor and should be of significance going forward if the inventories are not replaced – But where will the gold & silver come from?

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…

Sunken Treasure Reminds Silver Investors about Long-Term Value – It’s been a brutal year for precious metals. Despite logging twelve consecutive annual gains, gold and silver are among the worst performing assets this year. Many analysts have lowered price targets, and proclaimed once again that the great bull market is dead. However, precious metals are still highly sought after, even at three miles below the ocean’s surface.

Silver is not only known for its historic monetary value, but also for its industrial usage. Almost all electronics are configured with silver. The precious metal is used in everything from automobiles to alternative energy needs. According to The Silver Institute, over 36 million ounces of silver are used annually in automobiles.

In addition, silver paste is used in 90 percent of all crystalline silicon photovoltaic cells, which are the most common type of solar cell.  Over 100 million ounces of silver are projected to be used on these solar cells by 2015. The white metal has also been used in medicinal and preservative purposes around the world for generations.

Read More Here

Gold To Surge $180 & Silver Set For Massive 35% Advance – With trading in the $1,350 area, and silver rebounding near $20.50, today top Citi analyst Tom Fitzpatrick sent KWN three fantastic charts covering both the gold and silver markets, and told KWN that both markets are set to have massive price surges from current levels.  We are increasingly of the view that both gold and silver have bottomed.

We have always viewed the down-move in both gold and silver as a correction, albeit a severe one, but a correction nonetheless.  This will now provide the platform for the metals to push higher in their secular bull markets.

Read More Here

Gold’s Rally Is No Head Fake – Gold prices are rallying at just the right time, as the precious metal is entering a seasonally-strong period that technicians say could lift the metal more than 10% over the next few months.

Even those chart-watchers who remain bearish on gold over the much longer term see potential for further short-term gains. Mark Newton, chief technical analyst at Greywolf Execution Partners, said the rally “is the beginning of a [longer-term] bottoming process.” While there could be some choppiness over the short term, “I don’t see [the strength] ending anytime soon,” he said.

As the chart below shows, gold has broken above a minor downtrend line starting at the late-March highs, that currently extends to just below $1300, technicians say, which suggests a new short-term uptrend has begun. In addition, prices have cleared the top of a month-long consolidation range, also about $1,300, which indicates to chart watchers that a short-term bottom has been seen.

Read More Here

Jim Sinclair: Comex Must Change Its Delivery Mechanism Soon – The cause of Monday’s spectacular rise in the gold price is the reality that with Friday continues large drops in the Comex warehouse gold inventory. No cogent argument can be formed against the reality that because of the continued fall in gold inventory that within in 90 days or sooner the Comex must change its delivery mechanism.

Gold rose today because those knowledgeable know the inevitability of the changing of the Comex contract, as it is today which calls for settlement in gold between contracting parties. There is no question this is the emancipation of physical gold from the fraud of no gold, paper gold. The emancipation will cause physical gold exchanges to take birth and to be the discovery mechanism for the price of gold. This is the end of the ability to use paper gold future contracts as a mechanism to make

the gold price sing and dance at the will of the manipulators. There is no reason why gold cannot move up hundreds of dollars a day when the Comex changes their spot contract settlement, as they must, as they will, very soon.

Read More Here

BIG WITHDRAWALS OF GOLD & SILVER FROM THE COMEX – No Demand For Physical Metal? The depletion of Comex Gold Warehouse stocks continues with another big withdrawal today.  Furthermore, this was met with a huge draw-down of silver stocks as well.  In less than one month, a staggering 640,000 ounces of gold have been removed from the Comex. It’s not often we have large withdrawals of  both Gold and Silver from the Comex on the same day. However, if we look at the Silver Comex excel table below, we see that 2.2 million were withdrawn today:

Read More Here

Dennis Gartman: Gold is going ‘several hundred dollars higher’ – I continue to be bullish of gold and i think gold’s going higher. I’m not a gold bug. Anybody that hears me knows I’m not a gold bug. Gold nothing more than another currency but I think in the circumstances that prevail, gold wants to go higher and broke up to the upside yesterday and I’m extremely bullish of gold in yen terms and especially bullish of gold in euro terms. We are quite bullish in gold.

I think gold wants to go higher and has been moving higher for the past several weeks and yesterday was a very impressive day when gold broke above 1307 and broke above 1315 and broke above 1315 and gap to the upside and given none of that back. I find that impressive.

Read More Here

Silver News Surfer

The Daily Report

Gold Headed To Old High, But Gains In Silver Will Be Historic

On a personal note…

Have you noticed that costs are going up, no matter what the  Fed has to say?

Every time you’re at the gas station or the grocery store, each Dollar is buying less and less. Also, the packaging is getting smaller and smaller as the prices rise and rise.

There’s a word for this… and it’s INFLATION.

I’m watching what’s happening in the world… and frankly I’m getting concerned. History has shown us time and again that there is only one outcome from rampant money printing: BIG inflation. I’m talking 1970’s style… on steroids!

With that in mind, the global Central Banks have printed over TEN TRILLION Dollars. Yes, TRILLION with a “T.” This is a number that most people can’t even fathom – I know I can’t.

Unfortunately, there’s no end in sight. Our US Federal Reserve is printing $85 billion every single month. That’s over $2 billion EVERY SINGLE DAY. 

You cannot print this kind of money without causing major devaluation in your currency. Which is why every single thing we buy: homes, goods, energy, health-care are going up and up.

Now more than ever investors need to be allocating their portfolios to survive inflation- The monetary stimulus we’re seeing is unprecedented and there is no end in sight.

If you’re worried about inflation and want to know how to protect yourself from it, I can show you how.

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!

On to the business of protecting your wealth…

Although I try everyday – I try to look for signs of a “real  economic recovery” I can’t find one. The FED sees one, but world economists, money managers and I don’t see one. So does that mean it’s all smoke and mirrors?

When searching for signs of a recovery, I come upon absolute conflicting information and I think it is note worthy.

When I see things like Share This Chart With Anyone That Believes The U.S. Economy Is Not Going To Crash and then I read  This Gov’t Chart Shows That There Is NO Economic Recovery. I’ve always been a believer that people can lie but numbers can’t and when I see these numbers it is cause to pull the fire alarm.

Now, who are we going to believe? Are we going to believe third party economists who are trying to warn us, or maybe we should believe the guys running the big banks, like JPM & Goldman?

Heck, maybe we should give these big banks a break and use their information as credible sources since they are running the major institutions that run our country and in most cases the world. They don’t make millions and billions of dollars per year personally because they are dummies… right?

That’s what I thought too, then I read this stuff – Goldman Sachs Creating Artificial Shortage Of Metals 

Also, Goldman, JP Morgan Have Now Become A Commodity Cartel and Goldman et al engage in artificial commodity traffic bottlenecking 

It seems to me they’re all crooked. I will choose to believe the average guy who is setting off the fire alarm trying to warn us that there is another collapse heading our way. We don’t know when it’s going to happen, but I feel in my gut it’s going to happen and the same people who caused the collapse of 2008 (and never went to prison or at the very least lost their jobs) are the very same people causing the next collapse because of their greed!

Be safe out there guys – It’s a (mad, mad) manipulated world.
But I will say that if all markets are manipulated, and the average American doesn’t have a fighting chance to get ahead… I would rather be in a physical manipulated market and keep the physical outside the banking system as apposed to having my money in a paper market where the thieves can get they’re hands on it – I choose the physical market any day of the week!

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…

John Embry: Gold Headed To Old High, But Gains In Silver Will Be Historic – I’m focused on the better tone in the gold and silver markets.  It’s been a long struggle, but with all of the information that’s come out recently regarding how tight the physical market is and the fact that the paper gold market really is one of the greatest Ponzi schemes of all-time, I think we could finally be on the cusp of a huge move in gold…. “I’m not talking $100 to $200 move for gold. I mean gold going back to the old high of  $1,920 in a fairly short period of time.

“If gold finally starts to get out and run and we finally see silver punching through $20 convincingly, silver will be ready to begin a massive leg higher.  The fundamentals for silver are beyond spectacular.  When this whole bull market resumes with a vengeance, silver is going to outperform gold.  Gold will do extremely well on its own, but the gains in silver will be historic.”

Read More Here

Developing Gold Bottom: A Closer Look At a Short Term Excess of Power – As a reminder this is an option expiration week for the precious metals on the COMEX, and next week begins the August delivery period.

I have also included an update to the weekly silver chart, for inquiring minds who wish to know.   Silver is following gold on this upsurge.  A confirmation of the rally by silver is important.  If silver confirms the breakout, it will most likely gather significant momentum as its volatility engages the short squeeze.  But the physical silver supply situation is not as compelling as gold has been, although the seeds were sown when the pricing started to curtail mining activity more significantly.

The drawing down of physical inventory available for delivery is one of the surest signs of a price manipulation gone too far. And for the first time in this waterfall decline since the German people had the temerity to ask for the return of their national gold from the NY Fed, we see a legitimate chart formation that could mark a significant bottom in price.

Read More Here

Gold building a base as evidence of physical shortage mounts – Precious metal prices continue to build a base, with increasing evidence of a shortage of physical metal. In London gold forward rates (GOFO) continue to be negative, which means that the market will pay you more interest on your gold (COMEX:GCQ13) than on your dollars.

GOFO is telling us that strong demand for physical from Asia has cleaned out the London market.  While the forward market in London is showing stress, the same is true on the Comex futures market, where warehouse stocks are dangerously low. The combination of the two with publicly recorded short positions on Comex is an explosive mixture.

Read More Here

Hinde Capital: “Sentiment Towards Gold Is Of Total Disgust—And It Often Pays Well To Be Contrarian Of The Extremes”  When asked about the prospect of gold mining stocks at this time, Mark commented that, “Companies should fail by the hundreds and production will fall dramatically unless the gold price improves quickly…our analysis…is the price of gold that will produce a zero number in the current free cash flow column for the whole industry (i.e. breakeven, cash neutrality)…it’s $1750 an ounce.”

Every single [expense] of a mining company needs to be taken into account [and] divided by the amount of ounces you’re digging out of the ground…oil is at $109 and climbing, labor unions are demanding more money and the cost of regulation keeps going up. [So] today with gold trading at $1300 an ounce and production at $1750 and climbing, gold is trading at 75% of its production cost—and that has never happened before.  “Hinde Capital is focused on physical gold being the bedrock of any gold investment. We don’t trust the paper aspect of the market and you’re not paid anything to trust the paper aspect.

Read More Here

China Working Quietly To Buy Up Gold – Jim Rickards expects that come April 2014, China will announce that it owns 5,000 tones of gold. “That should be an earthquake because even the gold deniers, the gold doubters, are going to have to sit up and take notice. Either the Chinese are dopes, which they’re not, or people will start to get gold, which I think they will.” If these scenarios played out, gold would go a lot higher. Jim told us it could go up in a very short span of time, say, 90 days or at the most six months.

“The world of $4,000 gold is the world of $400 oil, $100 silver, higher prices for copper, corn, wheat and everything else,” he continued. “In other words, it’s a world of very high inflation in which the value of your retirement funds and your annuities have been wiped out. In that case, there will be winners and losers. As Mr. Rickards explains, the winners will include those who hold gold.

Read More Here

Silver News Surfer

The Daily Report

How Did This Happen?

I woke up with a strong sense that this is going to be a busy week. When I woke up at 4am and see the Asian markets kicking butt, you know its going to be a good day.
When there is “no news” that is making the market rally, you know that there are people getting out of shorts and buying back.
There is no secret here guys – The paper smash of gold was so overdone and oversold, that a rally was imminent.
Again, we could give all of this gain back in a day, but it is just showing you how strong this market is gearing up – Its like a beach ball under water… when the first person lets go of the ball, watch out!

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!

On to the business of protecting your wealth…

So, how did this happen? How did gold quietly sneak up on us and rally more than $100 an ounce since it’s lows just about four weeks ago. The bashing of gold in the MSM certainly didn’t stop. The concentrated “naked” short positions are still in place and all of the bears are still cranky and growling.

One of the main reasons is in the report I sent you on Saturday.

People are not seeing the massive demand in the east, Particularly in China and India. As we approach the season for precious metals as I noted here, we can expect a continued rise in the price of the metals into the last quarter 2013.

Do you know how many people will miss this run because they are totally frustrated with the daily ups & downs in price? I don’t blame you folks, but I’m here to remind you not to pay attention to the daily gyrations and focus on the medium and long term.

This is how the “smart” investors make money. They don’t wait on the sidelines to see what happens, they cost average in and make money and this is the strategy I have been talking about all along as you can see here and here.

I don’t say this stuff for me, I know this strategy, I’ve been using it for years – For myself as well as my customers. I say this for you and your benefit. Why? Because since gold bottomed at $1,200, if you bought 100 oz, you would have made $10,000 already and you would start to look at taking profits by now.

When silver bottomed at $18.50 and you used the same $120k you’d buy 6,400 oz and now up at about $20 you would have made another $9,600. and that’s just inside of a month AND the market is just getting started!

I know and I realize that we can give that $100 back in a day – I’m not a dummy. I am just pointing out to you how sneaky these metals are. In just a short period of time, gold inched up $100 and if a short covering rally started (as the research indicates below) most people will be left out on the sidelines saying… it’s too expensive now – I’m going to wait.

Again, this is no strategy, it’s a guessing game. The only people who are making any money at all are the ones in the market, not on the sidelines.

Further… where is the risk you are so concerned with? This is a physical asset with a 3,000 year track record that is outside the financial system and holds no counter-party risk such as the case of equities.

Hope this helps!

 

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…

Here Is The Reason For Gold’s Massive Surge Above $1,300– With gold surging above the critical $1,300 level, today the man who provides macro research and commentary to many of the largest financial institutions and top hedge funds around the world sent KWN 6 absolutely stunning gold charts illustrating the why the gold market has smashed well above key resistance.

Eric Pomboy, who is founder of Meridian Macro Research, also provided incredible commentary to go along with the 6 remarkable gold charts, as well as what all of this means going forward for the gold market.

Read More Here

Massive Gold Short Squeeze Building Up – The bottom line is the record short position futures speculators have amassed in gold is wildly bullish for the yellow metal.  These guys have a long track record of betting completely wrong at major gold lows, extrapolating major downtrends continuing indefinitely even when they’ve begun reversing.  This grave error leads to forced buying as the rallying gold price forces the shorts to cover their hyper-bearish bets.

And given such extreme spec gold shorts, widespread despair, and gold recently hitting the most oversold levels by far of its secular bull, it is due for a monster upleg.  As this accelerates, the leveraged shorts will be forced to buy back the gold they owe at increasing rates.  This will feed on itself and likely ignite a buying panic.  It will very likely lead to the biggest and fastest upleg of gold’s entire secular bull.

Read More Here

Gold: Physical Demand Vs Paper Supply – From the huge demand for physical gold from Asia to repatriation demands, and from the draining of COMEX gold inventories to the excess supply of paper gold, there is an increasing ‘gap’ between the perceived ‘price’ of gold and the cost to get one’s hands on the precious metal. Santiago Capital’s Brent Johnson provides a brief but complete summary of the various conundra (which we have described in detail) occurring currently in the manipulated metals market.

Perhaps the most telling phrase comes towards the end when Johnson notes, “I don’t know how to say ‘Hunt Brothers’ in Mandarin, but it might not be a bad idea to learn.” Chinese demand for physical gold has been surging…

Read More Here

Big Profits Coming Sooner Than People Think – “Highly accommodative monetary policy for the foreseeable future…”   Ben Bernanke, Fed Chairman, 7/10/2013 and 7/17/13. With the aforementioned statements Bernanke’s Fed took yet another Giant Step toward unleashing The Big Kahuna. It is a step forecast by us and several other independent analysts. But it is the significant consequences of these steps toward the Big Kahuna for the Markets and Economy and the Opportunities and Risks they create for Investors that count.

Translating the phrase “highly accommodative monetary policy” yields a Clearer Fed Policy statement – the Fed will continue to print money primarily for the benefit of its Mega Bank owners/allies for the foreseeable future. Indeed, Goldman Sachs, Citigroup, and Wells Fargo have just reported Record Profits, but wages are stagnant and Real Unemployment and Real Inflation are both rising.

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The New (Ab)normal: When 200 People Have More Wealth Than 3,500,000,000 – The following brief video created byTheRules.org, using data sourced from this website, is the latest vivid demonstration of the most adverse (and dangerous) side effect of nearly five years, and counting, of global monetary intervention by central banks: a world in which the poor get poorer, the rich get richer, and the middle class disappears.

The video’s punchline “The richest 300 people on earth have as much wealth as the poorest 3 billion” is not exactly correct: in truth the situation is even worse: the richest 200 people have about $2.7 trillion, which is more than the poorest 3.5 billion people, who have only $2.2 trillion combined.

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Did A Raging Fire Burn Down JPMorgan’s Gold Vault? – So did a sweeping fire “take place” (in broad daylight and in front of video camera armed streetwalkers) providing the fire brigade a pretext to abscond with JPM’s gold on orders from above, or merely give JPM an alibi to say it’s gold is “gone… all gone” or rather “burned… all burned” (leaving aside the propensity of a fire to propagate in the confined oxygen constraints to be found on top of the Manhattan bedrock and far below street level)? No. For the simple reason that 1 Chase Manhattan Plaza is over two blocks away from where the fire did take place as can be seen on the map below:

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Silver News Surfer

The Daily Report

The #1 Reason You Shouldn’t Wait To Buy Silver & Gold…

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!

On to the business of protecting your wealth…

If you didn’t get a chance to see the contest I put together for all of you Monday, View it Here. I did this so we could have some fun. Life can’t be all business right?

I want to paint a visual for you today…

Lets say you were convinced that at whatever “price” you decided would be “your time” to buy silver and gold has come…

Now lets also assume (and back up with the research I provided today) that your price is in – your ready to make your move – But oh spit! There is no supply! You can’t get any because the demand is so massive and the premiums spiked so high and the damn bullion dealers are not picking up the phone – it’s virtually un-touchable.

How would you feel? As long as you are OK with that notion, you wait as long as you want. However, I will warn you that by being on the “inside” of this business, I can see this starting to occur and it will happen. Damn Asians! They are just about cornering the market – while they are laughing at us.

If you can realize just for a moment the tiny market that physical gold & silver represent, it could take someone like a China, India or Russia or heck, just 20 or so millionaires to just put up a few billion dollars and scoop up all the Phyz on the planet. In reality, they are doing this already and very quietly!

What’s all this noise about regarding silver and gold and why is it important? I just heard from the FED this week that things are looking up here in the US… Don’t tell me they are lying about the real problems again! They would never do that. In fact I heard Bernanke saying on TV as he testified to Congress and the Senate (under oath) that the FED tries to remain transparent to the public, so he can’t lie right?

You want the truth? YOU CAN’T HANDLE THE TRUTH! (Sorry.. got carried away there – Just had to say it). But as it seems… that is the fact! Imagine again for a moment that the FED came out and told the REAL TRUTH? How many of you could really handle it? Would a panic ensue? And into what?

In this piece… Everything Is Fine… BUT It points out just how ugly things are right now and spells it out in truth – So if you can’t handle it, don’t read it.

The other sad truth is about Detroit, the once powerhouse city in the US. If I remember just 6,8 or 10 years ago, people moved to Detroit to work for the Auto manufacturing plants and business was booming, not just at the Auto plants, but restaurants, hotels and retail. The sad fact is in this well written piece is that… Detroit Isn’t Alone, Here Are Other Cities In The US That Have Gone Bankrupt.

It is kind of funny (but in a sad way) how short our memories really are. But it’s really not your fault. It’s the information and current events that the MSM and Govt are reporting to distract you away from the real issues…

You my friends, need to keep your eye on the ball at all times – Your families wealth depends on it!

When you see things like Big Money Anticipating Another 1970s Style Gold Mania –  should you stop what you are doing and listen up and take action? They are the BIG money after all – And they are big for a reason. They have the “inside information” from their circle of influence – They have the foresight to spot under-valued assets at the right time.

When you see things like… The S&P 500 is More Overstretched Than At Anytime in 30 Years should you shrug it off and say… ahhhh, everything is going fine – it’s no big deal?

I know it’s all so confusing and at times overwhelming, but the answers to your questions and concerns are much easier than you think they are.

If you are having a problem with your marriage, you seek advise from a marriage counselor. If you want life insurance, you seek advise from an life insurance agent. If you want to structure and balance your portfolio in a way that protects your wealth and engage in a business plan that makes sense – then you seek advise from a precious metals adviser…. and that’s what I’m here for so….

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…

Breaking… Gold Futures Hiccup Indicates Demand Outpacing Supply – “The fact that has remained and widened … indicates that the physical market has tightened up substantially, a postulation that is corroborated by the growing premiums being paid … and the ongoing wholesale delays in the delivery of substantial bullion tonnage,” wrote Ned Naylor-Leyland of Cheviot Asset Management in a report this month.

“What is happening now is that the absolutely inevitable ‘run’ on the 100:1 leveraged bullion banking system is truly underway.” Backwardation is a concern in gold markets because in theory demand for physical delivery should never outweigh supply, since the amount of available gold is a known, fixed quantity. The event is not unprecedented, as it also happened during the financial crisis of 2008 – and corrected itself the following year.

The current dislocation indicates that holders of gold futures have begun demanding delivery. But because of the large amount of leverage in the market, participants are not able to deliver on their obligations.

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Physical Gold Demand Sets Floor – Physical demand for gold is still offering a key floor for prices, World Gold Council’s Marcus Grubb tells TheStreet’s Joe Deaux.

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Silver Bottom Has Passed – The bottom for silver prices in 2013 has passed, Endeavour Silver’s Bradford Cooke tells TheStreet’s Joe Deaux.

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JPM Eligible Gold Plummets By 66% In One Day To Just Over 1 Tonne, Total Gold At Fresh All Time Low– For over a month, JPMorgan managed to mysteriously avoid matching up the gold held in its (world’s largest) vault with the Comex delivery notice [2] update.

However, as of today, that particular can will be kicked no more. Starting yesterday, JPM reported that just under 12,000 ounces of Eligible gold (the same Registered gold that two days earlier saw its warrants detached and convert to eligible) were withdrawn from its warehouse 100 feet below CMP 1. But it was today’s [3]move that was the kicker, as a whopping 90,311 ounces of eligible gold were withdrawn, accounting for a massive 66% of the firm’s entire inventory of non-Registered gold, and leaving a token 46K ounces, or a little over 1 tonne in JPM’s possession.

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Also read…

COMEX Registered Gold Falls To Another New Low Ahead of Option Expiration and August Delivery

The Rise In Gold Because Of A Shortage Will Be Spectacular – Since the April smackdown in COMEX gold, physical metal has been pouring out of recognized warehouses and stockpiles as investors all over the world rush to perfect ownership of an asset that, when owned, unlevered, outside the banking system provides the ultimate hedge against market dislocations.

It is incredibly rare to see the price of something falling so precipitously at the same time people are queuing around the block to buy it so what is going on? The answer, I suspect, lies in the chart below…

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Gerald Celente – The Power Of Gold & An Economic Collapse – It all comes back to gold.  Eric, go back to the House Financial Services Committee hearing this past Wednesday.  Here is what Bernanke said on the effects of tightening the so-called monetary easing:  ‘I don’t think the Fed can get interest rates up very much because the economy is weak, inflation rates are low … If we were to tighten policy (meaning monetary policy) the economy would tank.’

That should have been the headline story in Thursday’s newspapers around the world.  Pick up The Financial Times, The Wall Street Journal, The New York Times, they never mentioned the phrase, ‘If we were to tighten policy, the economy would tank.’  And that’s where it’s going. When the money stops pumping, the economy gets off life support and it begins to die.  That’s why I’m still a believer in gold, and I’m holding onto it for the long-term … What’s the upside of gold?  I still see $2,000+.”

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The Shanghai Gold Surprise – Whether there’s a link between China’s increasing physical gold deliveries and the drop in gold inventories within the COMEX and GLD ETF remains to be seen, but whoever is supplying China’s gold appetite is supplying it in size. Despite gold’s lackluster price performance, these developments strongly suggest we could be in for an interesting summer in the weeks ahead. Gold is a finite resource –

If China’s current purchase rates continue, it is going to own a significantly large proportion of global gold reserves.

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Also Read…

China reportedly planning to back the yuan with gold