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 Most Stunning Development In Silver…

July 5, 2013 9:06 am est

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…

As noted, the numbers are juiced – How can we create 195,000 jobs in June and the rate be at 7.6? Were they full time or part time positions? What field were they in, executive, manufacturing or landscaping for the summer?

Moreover, as I reported yesterday, US Layoffs Rise in June 39,372. Let’s see them adjust that for July.

U.S. Creates 195,000 Jobs in June vs. 165K Est.; Unemployment Rate 7.6% vs. 7.5% Est.

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I would however, recommend to you that if you have any leveraged futures contracts, get ready to pony up some more money to reduce your margin, If you have any financed physical metal, send in funds to lower your loan balance and preserve your ounces rather than sell, if you have physical metal that you own outright and bought one to one, I’d use this opportunity to dollar cost average.

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…

Silver Market Buy Signal – AGAIN! – The stage is set for the large bullion banks to profit from a rally. Expect a rally. The silver and gold markets are deeply oversold and sentiment in both markets is very low. Are silver and gold investors currently disgusted and disappointed, or happy and excited? Right! Rallies occur when practically everyone is disappointed, disgusted, or frightened out of the market. It was the same with the S&P (March 2009, October 1987) and crude oil (December 2008) and gold (October 2008).

• Now is a time to buy gold and silver, not sell them.

• Listen to the national media and consider doing the opposite.

• Silver and gold sentiment and indicators are at multi-year, multi-decade, or all-time lows. The indicators and sentiment suggest the high probability of a substantial rally ahead.

• The cash markets are strong. Individuals and central banks are buying gold and silver in Russia, China, India and other Asian countries. Individuals who see the big picture are also buying in Europe and the US.

So, does a certificate of deposit paying 1%, gold, or silver look more safe and rewarding at this point in time?

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Greedometer – This 5-minute video explains why stock markets will crash in 2013 and 2014. The S&P500 will likely drop 65% from the May 2013 peak (1687) to approximately 600 in September 2014. (despite a potential head-fake rally in July 2013 to the 1650-1670 range)

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Gold’s Under-Valuation 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 Most Stunning Development In Silver – Chris Duane discusses the demise of the petro-dollar and the most stunning development in silver market- the massive acceleration of India’s purchase of silver in the wake of the Indian government’s war on gold as Indians have begun purchasing double the amount of silver per month as the US Mint has sold in its record setting first half of 2013!

Read More Here



I Just Loaded Up On Silver (and You Should, Too)

By Briton Ryle | Wednesday, July 3rd, 2013

I’m not a gold bug, or a silver bug, if that’s the right term. I’m in it to make some loot.

And I’ve found that the easiest, most obvious trades are usually the most profitable.

The massive reversal for silver prices on Friday June 28 definitely counts as obvious.

This chart shows the last 10 days of the iShares Silver ETF (NYSE: SLV) in hourly increments. And yes, most of the action is ugly, as the SLV dropped from $21 to under $18 in a span of five days. Six months ago, silver was at $31.

Now, as I said earlier, I’m not a gold or silver bug; but I’ve been watching the two metals as they’ve fallen because, as you know, what goes up must come down — and vice versa.

I figured after a +50% drop from its highs, gold and silver would eventually bottom out and make a nice upside move.

The Buy Sign

I don’t guess when it comes to picking a bottom.

There are three things I like to see before I put my money at risk: re-test, volume, and a strong finish. Let’s look at these in order.

Silver’s re-test actually took place over the course of three days. After SLV gapped down again to $18 on Wednesday, it consolidated there. This was a sign that the sellers may have been finished.

Of course, SLV had done this before, appearing to stabilize only to fall further.

That’s why it’s critical to have other signals to confirm that a reversal is at hand…

So when SLV blasted up through $18 on high volume around 10:30 on Friday morning, it gave the all-clear sign for at least an intra-day trade.

By the end of the day, after SLV posted its highest upside volume since May 20 and closed the recent downside gap by finishing the day at $18.96. That was enough to convince me to hold my silver position for a little while.

How long is a “little while?”

For trading purposes, SLV should stay above $18.79. And in fact, the SLV is in the process of testing that level right now.

What the Manipulators Say

The problem with trading silver (and gold, for that matter) is that it’s a small market compared to the stock market or the bond market.

And that means big money can push the price around.

This is why I have no problem believing that JP Morgan (NYSE: JPM) is perpetually short silver.

So when JP Morgan gets bullish on commodities — including gold and silver, like they did just a couple of days ago — it’s a good sign.

“It’s our first OW (overweight) call on commodities since September 2010…” a JP Morgan analyst said last week.

Rumor has it Goldman Sachs (NYSE: GS) has also closed its silver and gold shorts.

Oppenheimer is on board, too:

… at this time, we believe gold and gold miners represent good risk/reward. Indeed, the recent extreme weakness is judged to be the reciprocal or correlative of the extreme strength witnessed in the summer of 2011. The “despair” relating to gold now is as palpable as “euphoria” then.

Personally, I think you’re better off owning physical gold and/or silver rather than the miners.

That’s because the cost of production is so high. It costs around $1,200 an ounce to get gold out of the ground. And costs can run from $18 to $24 an ounce for silver.

At those prices, miners aren’t making much money. And the response will be to produce less — which will send prices higher.

Then there’s the fact that physical gold and silver are becoming harder to find.

My contacts from the collectible coin world tell me supply is tight.

Until next time,

Briton Ryle