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!

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Telegraphing The Turnaround In Gold…

July 9, 2013 8:57 am est

On a personal note…

I know I throw a lot of information at you everyday and I want you to know that you are not alone in all of this. I am here for you. Here to ask questions, address concerns, give logical advise and reassure you.

On the subject of reassurance, I have had several conversations with people who are fighting tooth and nail with me, trying to prove that I am nuts and don’t know what the heck I’m talking about – I appreciate the challenge, It makes me want to dig deeper.

They primary argument is the relationship between the dollar and gold. One goes up and the other goes down…

Although that is almost always the case, there are times when they both go up together and we will start to see that happen again in the very near term.

In this piece About That Supposed Correlation of the U.S. Dollar and Gold” there are clear outlines when they do go u together.

Also was the case of the start of the monster run up in the price of gold & silver in 2010.

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…

 

While nobody knows the next movement for the “price” of the metals, there are certainly a lot of people who understand the “value” of the precious metals.

The evidence is mounting that we are in a bottoming process after such a steep decline and we are confident that we will start to see prices start to rise in the very near term.

Marc Faber – Says Sell Equities And Buy Physical Gold Now While Prices Are Low – Faber also said it’s a good idea to take money out of the stock market. “I don’t think there is a lot of upside potential, but I think there is considerable downside risks.

It seems to me that people have short term memories and they are about to be reminded how painful and fast a stock market crash can be.

Everyone seems to be focused on the “Taper” from the FED because they see a economic recovery that no longer warrents more QE. In this article, The One Chart That Proves We’re Not in a “Recovery” it is crystal clear that we are very far from a recovery. We also have to step back and remember that the FED didn’t even see the collapse of 2008 coming, so how can they gauge a recovery and when it’s time to pull away the punch bowl?

We don’t need to put our eyeglasses on to see why we are not it the “illusionary recovery” the FED sees when they couldn’t even see the modern day disaster that shocked the world in ’08.

If they would base their decisions on the REAL numbers they would see Why Underemployment May Be Worse Than It Looks and Jobless About to Take a Big Hit From the Sequester. Also, if you take a closer look to REAL jobs numbers from “Shadowstats” where he talks about the Monetary Base Skyrocketing As Unemployment Hits 23.4%

Again, don’t get me wrong, I want a recovery. I want America to be the America we once knew and loved, but the REAL numbers and the REAL information is not supportive of the information the FED in giving us; which leads me to believe and have confidence in the fact that gold & silver are still needed in your portfolio – more today than ever before.

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…

 

Gearing Up For Gold Season – In many parts of the world, this deep cultural affinity for gold is expressed through the giving of gold coins and jewelry for momentous occasions. Gold will soon be entering its historical period of seasonal strength with Ramadan beginning in July, followed by the Indian Festival of Lights, wedding season and Christmas. We have often published on the impact of this powerful seasonal pattern.

Read More Here

Telegraphing the Turnaround in Gold – Casey Research: As of last Friday, gold has now fallen as much 35.4% (based on London PM fix prices) over 96 weeks. But if you’re like us, you still recognize that the core reasons for investing in gold haven’t changed. People who sold their gold recently made a shortsighted decision. Before too long precious metals will rebound—and probably in a big way. But when? Does history have any clues about how long we’ll have to wait for that rebound?

Perhaps the most constructive way to forecast a turnaround in gold is to look at how its price behaved in prior big corrections. Here’s an updated view of gold’s three largest corrections since 2001, along with the time it took the price to return to the old high and stay above that level. The message here is obvious: add to your inventory at depressed levels. And don’t worry about missing the bottom; investors who waited to buy until gold had retraced 30% of its decline still netted about a 70% gain once it returned to prior highs.

Read More Here

John Embry: This Will Destroy The Financial System As We Know It – We are finally putting in place a bottom in gold and silver.  This process has been really ugly, and it’s gone beyond any rational action in terms of price.  People are finally beginning to acknowledge that the gold and silver miners, particularly pure silver miners, are operating way below their cost level. This situation is totally unsustainable.

I strongly believe we will come off of the bottom in a very strong manner because the price has been depressed far too aggressively, and when it turns it will explode higher.  The bullion banks are exiting more short positions and may well be long.  That is a pre-condition for better gold and silver markets. But having said that, the thing I am really focused on is the bond market.  This is the one thing that will really destroy the financial system, as we know it….

Read More Here 

Bullion Banks Flipping Long Will Induce Explosive Rallies In The Metals – With the physical supplies drying up the bullion banks are in a consensus, there never was a time in history of modern banking that their risks have been this LOW!!! There is no over abundance of supply like it was in the 80’s and 90’s to create massive volatility.

They have with the last shorting de-risked their trading books and are NOW HUNGRY TO BUY and GO LONG!!!! They are expecting the prices to rise and given the fact they suckered the Hedge Funds the move in Gold and Silver is going to be EXPLOSIVE especially when fund manager gets a rude awakening and dashes to close their positions.

Read More Here