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!


How Did This Happen?

July 22, 2013 8:48 am est

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.

Read More Here

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.

Read More Here

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:

Read More Here