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!


The Coming Insane Rally In Gold & Silver…

July 2, 2013 8:53 am est

 

On a personal note…

 

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…

This week, due to the holiday, I decided to bring you more news than commentary. If you notice, for every bull there is a bear and that’s where I begin to dig deeper.

I have had several conversations with people who say that silver will now go down to the $16 area and that’s what they are waiting for – Although anything is possible, I will take a $3 dollar downside risk with a $10+ (at minimum) dollar upside potential any-day of the week… How about you?

To answer the questions on my mind and the questions that I think are on yours, I have presented compelling evidence from sources so credible that it makes the the hair on the back of my neck stand up.

I know it’s a confusing time guys and I also know that nobody has a crystal ball, but when you see the charts and understand the fundamentals by whom they are presented, as well as the report I sent on Friday about the seasonal trends approaching – you should get chills 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…

Five Absolutely Spectacular Gold Charts – John Hathaway of Tocqueville Asset Management L.P.. John is without question one of the most respected institutional minds in the world today regarding gold, and his fund was awarded a coveted 5-star rating. John says In our opinion, the severe pressure on gold prices since April 16, 2013 has been caused by a coordinated bear raid orchestrated by large bank trading desks and hedge funds.  The method used was naked shorting of gold contracts on the futures exchange (Comex), which means that physical gold was never sold, only paper.

The price decline in paper gold has been met with a surge in physical demand worldwide. We also believe that the macro economic rationale for gold has never been stronger.  Should the economy strengthen, inflation risks are high because of the political and practical challenge of shrinking the Fed balance sheet.  Should the economy continue to sputter or turn down, the possibility of a financial market downgrade of sovereign credit would result in politically intolerable high interest rates. Finally, severe pullbacks have typically set the stage for significant advances to new all-time highs.

Read More Here

Stunning Gold & Silver Charts Reveal Shocking Global Situation – 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 5 absolutely stunning gold and silver charts illustrating the shocking global situation in both metals.  Eric Pomboy, who is founder of Meridian Macro Research, and whose sister Stephanie Pomboy appears in Barrons, also provided incredible commentary to go along with the 5 stunning gold and silver charts, as well as what all of this means going forward for the gold and silver markets.

Gold has endured quite a drubbing, and the naysayers are piling on.  The bear case: Gold pays you nothing and its 15 minutes of fame have come and gone. That’s the extent of the forensic analysis.  There is no mention that the global economy is in continued crisis and that easing policies are set to ramp up, not down. No mention of record physical Gold demand; no mention of physical Gold transfer from West to East; no mention of $trillions in toxic derivatives still sloshing in the system; no mention of foreign net sales of US notes and bonds in April to the tune of -$54.5 billion…the highest level on record since data collection began in 1978. The bullish indicators for Gold could not be more apparent than they are today.”

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Jim Sinclair -The Russian Cash Bullion Market – The singular most important development in the gold market in my 53 years being involved in gold is the Russian cash bullion market now in the process of development. This is a new broad public means of gold price discovery that sits ready to replace the paper gold manipulative fraud market.

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The Coming Insane Rally in Gold and Silver – When you finish reading this article I earnestly believe you would feel two peculiar shivers. The shiver out of fear and the sheer shiver out of greed! Fear because, a nameless turmoil could be waiting in wings; greed because, the turmoil can take gold and silver to insanely high levels.

If I were you, I would not even ask the question “when” and wait for a useless diplomatic answer. I would rather use the time, energy and money to hoard tons and tons as well as nuggets and nuggets of precious metals; especially gold and silver. A big rally is coming and may be it has begun already! So hop in and don’t wait for the last bus! It may well not arrive.

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Silver finally sees the good flush in the Weekly timeframe, possible bottom being marked. Last week saw a Bullish “Hammer” reversal candlestick in Japanese Candlestick Analysis with increasing volume. This candlestick represents downside price rejection and increasing demand. With follow through next week to the upside with another week of increasing volume and bullish price action, this would increase the probabilities for a change in trend in the big picture. There has not been much to be excited about for the Bulls in quite some time in the precious metals, but their spirits should start to lift is there is confirmation of the Hammer this week.

Read More Here 

Silver finally sees the good flush in the Weekly timeframe, possible bottom being marked. Last week saw a Bullish “Hammer” reversal candlestick in Japanese Candlestick Analysis with increasing volume. This candlestick represents downside price rejection and increasing demand. With follow through next week to the upside with another week of increasing volume and bullish price action, this would increase the probabilities for a change in trend in the big picture. There has not been much to be excited about for the Bulls in quite some time in the precious metals, but their spirits should start to lift is there is confirmation of the Hammer this week.

Read More Here 

Gold’s undervaluation is extreme – The price of gold fell last week to the $1,200 level. The lemming sentiment in capital markets is uniformly bearish, yet every price-drop brings forth hungry buyers for physical gold from all over the world. Even hard-bitten gold bugs in the West are shaken and frightened to call a bottom, yet it is these conditions that accompany a selling climax.

This article concludes there is a high possibility that gold will go sharply higher from here.  The conditions are in place for a spectacular price readjustment on valuation and economic grounds alone. Furthermore, the short positions on Comex have been transferred to the hedge funds, leaving the bullion banks less exposed to escalating systemic risks. It is now in the latters’ interests to keep their gold and silver books as level as possible as a bear squeeze on the market shorts gets under way and starts the revaluation process.

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The Federal Reserve Is Paying Banks NOT To Lend 1.8 Trillion Dollars To The American People – Did you know that U.S. banks have more than 1.8 trillion dollars parked at the Federal Reserve and that the Fed is actually paying them not to lend that money to us?  We were always told that the goal of quantitative easing was to “help the economy”, but the truth is that the vast majority of the money that the Fed has created through quantitative easing has not even gotten into the system.  Instead, most of it is sitting at the Fed slowly earning interest for the bankers

We are moving into a time of great financial instability.  People are going to be absolutely shocked by what happens. Our financial system is a house of cards built on a foundation of risk, leverage and debt.  When it all comes tumbling down, it should not be a surprise to any of us.

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