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!


DAVID MORGAN: SHOCKING: JPMORGAN IS NOW LONG SILVER!

July 25, 2013 8:58 am est

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