Silver News

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

May Health Wealth And Success Be Yours!


3 Biggest Mistakes Gold Investors Are Making Right Now

July 5, 2013 8:56 am est

July 4th 2013

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’ve gotta get a life other than business!

People ask me “what are your hobbies? What do you like to do?” Its always the same – I love to Research. I try to figure out these markets and the direction they may take. Although I don’t have a crystal ball as you know… I can say that some of the things I’ve seen yesterday and this morning tell me something is getting ready to happen.

When I see these things, I start to dig deeper and see if others see what I do and sure enough, they do. I noticed that on the gold chart we are developing a bullish inverse head and shoulders pattern and the gold to silver ratio is looking very bullish also.

While stock brokers and money managers are still sleeping at 5 am on the 4th of July, I’m here trying to dig deeper into my research – I do it for me and for you.

All eyes will be on Friday’s Non Farm Payrolls for June, but regardless of the false, manipulated data, traders will trade and of course we have very thin trading markets as this is the biggest vacation week of the year – in the middle of thin summer months.

Note that – A jump in job cuts in the computer and education sectors drove an increase in layoffs at U.S. firms in June, even as the pace of downsizing in the first half of the year improved overall, a report on Wednesday showed. Employers announced 39,372 planned job cuts last month, up 8.2 percent from 36,398 in May, according to the report from consultants Challenger, Gray & Christmas, Inc. June’s layoffs were also up 4.8 percent from a year ago.

So, as traders trade off the report, the fact is the employment numbers look very weak and the economic growth is still very frail.

Now that I put my confirmations to bed, I can go and enjoy my day – I hope you do too!

 

Have A Safe & Happy 4th of July!

Now, onto the breaking news that matters…

Physical Demand for Gold is Gearing Up At An Alarming Rate – Indeed, demand for physical metal is on the rise this year. So no matter what you’re seeing on your trading screen or hearing from the market sentiment, it turns out physical buyers like bargains and gold is flying off the shelves! This follows the larger trend we’ve seen throughout 2013. While ETFs and other investable gold vehicles are shedding their gold (because of outflows from selling), physical buyers are coming out in droves to buy it.

Whether it’s individuals who are bargain hunting, or central banks looking to diversify away from the U.S. dollar, the ounces are getting gobbled up at an alarming rate.

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Silver Price Forecast: The Dow and Gold Silver Ratio Signals Coming Silver Rally – Silver is currently retesting its important breakout area of 2010 (similar to the gold/silver ratio). That breakout area of 2010 appears to be a critical area. If this area holds (which is very likely), then silver is likely to start a massive multi-month rally. The ratio is currently retesting the area from which it broke down when it started the spectacular rally in 2010. If this area between 67 and 70 holds, then the ratio is likely to fall significantly. The gold silver ratio is also, showing strong signs that silver and gold is about to spike significantly. Below, is a gold/silver ratio chart from stockcharts.com:

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GOLD TECHNICALS TURN BULLISH The negativity amongst most gold investors and hedge funds is so pervasive around the world, that a shocking and violent move to the upside is a realistic possibility. A large inverse head and shoulders bottom pattern may be forming on this daily gold chart. If it does get completed, the minimum target price would be about $1800.

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Bullish Pointers For Gold And Silver: Inflation Looms As Crude Oil Breaks Out – The head of the Federal Reserve Bank of New York on Tuesday reiterated that the U.S. central bank will likely continue to support the economic recovery for some time to come despite market worries that it was soon pulling back. The Fed’s easy monetary policy will likely be warranted for “quite some time” as the U.S. central bank drives down high unemployment while nudging low inflation back toward targe.

JPMorgan just issued a key report urging institutional investors to buy commodities and use gold as a hedge. You can be sure that institutional clients are not only listening very carefully, but also taking action big time. Crude oil has not confirmed the declines seen in most other commodities, and that’s important. A surge in oil prices could increase the current cost of mining gold and silver. Mining companies like Barrick (ABX) and Newcrest (NCMCF.PK) have already announced layoffs and production delays. The fundamentals of tighter supply and escalated demand could turn the fortunes for Gold and Silver soon.

Technically, for the gold and silver futures, a crossover buy signal seems imminent. If a large inverse head and shoulders bottom pattern (that’s in the forming on the daily gold charts) gets completed, the minimum target price would be about $1,810. As for upside targets for silver, I have got nothing short of sensational.

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The 3 Biggest Mistakes Gold Investors Are Making Right Now – In our opinion, the wealth of most Americans could get wiped out during the next decade due to commodity inflation. Focusing on your real purchasing power, altering your lifestyle, and investing in the future is an opportunity that you just can’t afford to miss. The education you receive today and the decisions you make, will define what type of lifestyle you and your family will have for the rest of your life!

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The Economy Quickly Heading South – QE4 To Follow – The economy is not in good shape, despite what “they” say.  The last gasp in the housing market is being fueled by homebuilders and mortgage brokers pushing 5-yr ARM mortgages (remember those in the last bubble?) and auto sales are being fueled by 0% financing from all auto manufacturers now. With Greece, Italy and France imploding on derivatives, the fun begins on Monday and my forecast calls for much higher gold and silver prices by the end of July as my thesis on both housing and the economy proves accurate and the market begins to price in a new round of QE.

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