Archive for August, 2013

Silver News Surfer

The Daily Report

Citigroup See’s Gold At $3,500 & Silver Jumping To $100

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…

 

Although the world travels at lightning speed…

 

This weekend is a time to take a day off to relax & reflect –

 

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Now, onto the breaking news that matters…

 

 

Citigroup Sees Gold at $3,500/oz; Silver Jumping to $100/oz – Respected Citigroup strategist Tom Fitzpatrick said in a telephone interview from New York with Bloomberg that gold and silver should surge in the coming years as the precious metals continue to benefit from the easy monetary policies adopted by central banks.

Fitzpatrick, who has a good track record, said that gold has put in a low for the year and will rise to about $1,500-$1,525/oz this year. A gain of over 6.3% from today’s prices. He said that silver is in a strong uptrend and will likely outperform gold as the gold silver ratio will drop from its current level at 58.1.

“So we believe we are back into that track where gold is the hard currency of choice, and we expect for this trend to accelerate going forward. We still believe that in the next couple of years we will be looking at a gold price of around $US3,500.“ “As the gold/silver ratio plummets near 30, this would also suggest a silver price above $US100.”

Read More Here

Silver Price Forecast: Massive Debt Levels Will Push Silver To $150 And Beyond – This era of dishonest money, has filled the economic world with many promises that will never be fulfilled. There will be a massive flight out of paper promises, into the ideal safe haven assets that would offer protection. In my opinion, silver will be the leading asset when this flight out of paper promises happens. This fraud started with the demonetization of silver and it will end with silver taking its place as money – the most marketable commodity.

If silver only equals the performance of the 70s, it will reach $150. However, this cycle will only be over when silver and gold are not quoted in the current fiat currencies or any other fiat currency. Instead, most goods would be quoted in terms of silver and gold.

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Unprecedented Run On Physical Gold Now Set To Accelerate – we know we have a physically tight gold market, and this has typically set the stage for higher gold prices.  Investors have to take a step back and ask, ‘Why would people want to have physical gold?  Why would they demand delivery?’  The reality is this is a matter of trust, or in this case a lack of trust (regarding the Western fractional reserve gold system).

Look at how fast gold plunged on the downside when these various entities ganged up on gold.  They drove the price of gold lower as they were continually hitting stops.  What happened on the downside can happen now on the upside.  So we are talking about a move in gold that will be hundreds of dollars to the upside, in very violent trading, and in a very short space of time.  None of the market participants would be prepared for this type of action.

The bottom line is that the situation in the gold market is so precarious right now that if entities demand their physical gold be delivered, and they put additional pressure on these intermediaries (COMEX, the LBMA and various banks), we will see some extraordinary fireworks to the upside in the gold market.

Read More Here

Peter Schiff: When Investors Wake Up Gold Prices Will Be In The Stratosphere

View Here

Must Watch: The Truth About War & The Imminent World War III – War is Coming, But It Won’t Be About What You Are Told. 7 minutes, here is a glimpse…

Watch Here Also, View This (viewer discretion advised)

Syria, emerging-market crisis will stop the taper – The script was all set for the rest of the 2013. Come the autumn, the Federal Reserve would slowly start to unwind the quantitative easing that has been pumping fresh money into the markets. Bond yields would start to slowly rise.

The economy might stutter, but it would prove strong enough to take that in its stride — and slowly monetary policy would begin getting back to normal. But now that’s all changed!

Read More Here

Will War With Syria Cause The Price Of Oil To Explode Higher? – Are you ready to pay four, five or possibly even six dollars for a gallon of gasoline?  War has consequences, and a conflict with Syria has the potential to escalate wildly out of control very rapidly.  The Obama administration is pledging that the upcoming attack on Syria will be “brief and limited” and that the steady flow of oil out of the Middle East will not be interrupted.  But what happens if Syria strikes back?  What happens if Syrian missiles start raining down on Tel Aviv?  What happens if Hezbollah or Iran starts attacking U.S. or Israeli targets?

Unless Syria, Hezbollah and Iran all stand down and refuse to fight back, we could very easily be looking at a major regional war in the Middle East, and that could cause the price of oil to explode higher.  Syria is not a major oil producer, but approximately a third of all of the crude oil in the world is produced in the Middle East.  If the Suez Canal or the Persian Gulf (or both) get shut down for an extended period of time, the consequences would be dramatic.  The price of oil has already risen about 15% so far this summer, and war in the Middle East could potentially send it soaring into record territory.

Read More Here

Silver News Surfer

The Daily Report

Jim Rogers: Prepare For Market Panic, Gold Going Much Higher…

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…   

This is almost comical. I have to laugh when these reports get published. Last week, the reports were gloom and doom and now, the jobs numbers come out and it’s dancing in the streets time!

Please don’t get caught up in all this hoopla!

US claims, growth beat estimates; stir new taper speculation

Remember when I posted last weeks data reports?

While the MSM tries to distract our attention away from the real issues – Lets you and I stay focused, shall we?

It’s apparent to my anyway, that all this talk about invading Syria will happen and will happen soon; My issue with this is the funding. Where will the money come from and if we have money to spend on a war that is none of our business, then why don’t we use that money to open new factories here in the US? Why don’t we take some of that money and spend it on US infrastructure and create jobs?

Why don’t we use some of that money to rebuild the (once) most powerful city in the US (Detroit)? Do you guys ever ask yourselves these questions or am I the odd ball?

The tensions are mounting big time:

Syria crisis: Russia and China step up warning over strike

(Reuters) – China’s top newspaper said on Wednesday the United States and its allies were seeking to use the issue of chemical weapons to pursue regime change in Syria illegally and fan an already ugly and difficult conflict.

It seems to me that other world leaders want US to keep our nose out of where it doesn’t belong, I for one side with them. I understand that things are ugly over there and they may need help, but what good is helping others when you can’t even help yourself?

On another front… Money printing continues to blanket the world. If you don’t think it will continue here too, you better perform a gut check! But even if the FED decides to “try” taper…

Gold Is Going Higher Whether Or Not The Fed Tapers

And if these countries can’t stop juicing the economy with crack, what makes anyone think we can stop it here in the US?

Bank Of England Ready To Inject More Stimulus

BoJ Will Continue Easing Until Inflation Stabilizes

If that were not enough to convince you of the “black Diamond Slippery Slope” we are facing… Read this…

Take The 10 Minutes To Watch This VIP Video: Your Savings Are Not Safe In The Big Banks – People in the U.S.A. think that their savings are safe in the big banks because the FDIC will supposedly protect their deposits. This assumption is not based on the facts. This video will show official government documents that describe the plans for confiscating bank deposits when, (not if) the big banks fail. Individual, as well as public funds from municipal, university, county deposits are at serious risk.

Your bank deposits can disappear in the next crisis! Public officials in charge of taxpayer funds need to be aware of the dangers here. The loss of taxpayer funds and the inability to meet payrolls and obligations will certainly prompt a response that will be both immediate and forceful. This video may also be useful to present to public officials to inform them of the dangers of losing public funds under their care.

Read More Here

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…

Jim Rogers – Gold Going Much, Much Higher – Prepare For Market Panic – “when this artificial sea of liquidity ends we’re gonna see panic in a lot of markets, including in the US, including in West developed markets.” Potential conflict in Syria and the scaling back of Fed stimulus point to a full-scale market ”mess,” says investor Jim Rogers, with the countries running trade deficits likely to be hardest hit.

Read More Here

Matterhorn Asset Switzerland: DON’T STAND IN THE WAY OF THE GOLDWAGON – Since early July I have warned investors that we have seen the bottom of the 22 month correction and that gold and silver would rise dramatically from the end of August. Well we are here and this is the time to enjoy the ride if you are invested or to just jump on if you are not and then not worry. Because not only will this rapid rise continue in September but we will now resume the bear market in the currencies, especially the US dollar which will lead to new highs in gold and silver in the next 12-15 months. We could very well see $2,500 for gold and $70 for silver during that period.

Investors should not own gold for financial gains but primarily in order to preserve purchasing power and protect their wealth. But gold and silver must be held in physical form and stored outside the banking system. With only 1% of world financial assets invested in gold, very few so called investment experts have any understanding of the yellow metal.

So during the 22 month correction in the gold price, most of the 99% who don’t own gold have all been calling the end of the bull market. What most of these people don’t understand is that gold is not in a bull market. It is paper money going down rather than gold going up. For 5,000 years gold has been the only money that has maintained its purchasing power. Every single currency has been destroyed throughout history in a permanent bear market. Voltaire was so right when he in 1729 said that “Paper money eventually returns to its intrinsic value – ZERO”. We have just started the acceleration phase of the up move in gold (and silver)

Read More Here

James Turk: What We Are Witnessing In The Gold Market Is Truly Historic – Both gold and silver have been showing tremendous strength, Eric.  With each passing day, the odds improve that a major low was made in June.  Therefore, we have to set our sights on much higher gold and silver prices in the weeks and months ahead. I have no other way to express this development other than to say that it is truly historic, Eric.  The fact that gold remains in backwardation is remarkable.

Everybody needs to be paying attention to this because the jump in price has not induced enough holders of physical metal to sell.  This shows that people are afraid of paper.  They want a tangible asset because they know and understand the protection provided by physical gold and silver.

Physical gold and silver are safe havens.  They are money outside of the banking system, and do not have counterparty risk. The big rallies since June in both in gold and silver have been nothing short of spectacular, but this is just the beginning.  The moves higher in gold and silver will be absolutely breathtaking in the future.

Read More Here

Silver Price Forecast: Gold/Silver Ratio Signals Much Higher Silver Prices – The current pattern has not completed yet, and it would suggest that it will only complete at a point much lower than a ratio of 15. Such a completion of the pattern is consistent with the bullish fundamentals of silver (and gold) in relation to paper money – understanding that a lower ratio will likely mean higher gold and silver prices..

Furthermore, it is consistent with the scenario that we are in a downtrend in the ratio; therefore, being, more likely to go lower over the next couple of years. A recent comparison of the relationship between the silver and Dow bull markets tell the same story.

This compares favorably to the positive fundamentals of the silver (and gold) market, since there is nothing to suggest that paper (money) is now safe, and much less riskier than gold and silver. The massive debts that lurk behind the fiat currencies (including the US dollar) are representative of these great forces that will keep more people preferring gold over these debt-ridden currencies.

Read More Here

Presenting The Numerous, Undisputed And Very Clear Signs That India’s Currency Was Set For An Epic Crash – Citizens of India have been watching, in stunned amazement, as over the past month the local currency has lost an unprecedented 15% of its value, with a record plunge taking place just last night. And, as so often happens, the population habituated to a government “acting in its best interests” is asking itself – how could we have possibly known this was coming. The answer, as usually happens, was staring everyone right in the face.

As Grant Williams shows in his latest “Things That Make You Go Hmm”, the warnings came loud and clear, and were very explicit in the form of not one, not two, not ten, but many more sequentially imposed and escalating forms of capital controls by the Indian central bank that sought to prevent the conversion of paper into hard currency. Gold. (Which also overnight hit a record high in rupee terms).

Following are the measures taken by the central bank and the government in 2013:

Read More Here

Also read:

THIS IS WHY YOU OWN PHYSICAL GOLD Presented with chart…

asset allocation

Don’t go along the heard – There are wolves waiting in the bushes in sheep’s clothing!

Silver News Surfer

The Daily Report

The Most Important Gold Chart You Should Remember…

On a personal note…

I want to make sure that everyone enjoys the heck out of this last weekend of summer vacations, rest up and have a few extra beers, especially you folks that still have investments in the equities, because come September, it’s going to be a rocky ride!

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…    

BREAKING NEWS!

Hagel: US military ‘ready to go’ against Syria if ordered

Crude bolstered by Syria jitters; US oil ends above $109

Arab League Cautious as U.S. Gears for Strike

It’s a bit funny, but while I’m talking to people throughout the day, they are surprised at how fast and how “high” the price of silver has become in such a short period of time, it’s almost as if the price shot up as we were sleeping.

What catches me off guard is this… it’s not surprising at all, I’ve been saying this since July. If you think about silver on several levels – there is no way it should be trading sub $40 or even sub $50 for that matter.

The inflation adjusted high is somewhere around $120. an ounce. We got close, but didn’t breach it’s all time high of $50. It is the intervention and manipulation that has the “price” sub $25. If you can understand that, than you also understand why I say focus on the “value” not “price”.

If something should be selling for $100+ and it’s down at $25 and you don’t see value in it, you probably never will. Everything around us has reached all time highs – The DOW did it, S&P 50 did it, gold did it – Now it’s silver’s turn and it will!

Another school of though is that if a dealer charges say 10% premium (which is cheap when you look at supply and demand issues we have) 10% premium on a spot price of $18 is $1.80 – When silver is $25. 10% over is $2.50 – 10% over spot when silver is $35 is $3.50 – 10% over spot when silver is $50 is $5.00 and finally, 10% over spot when silver is $100 is $10.00. What’s funny is that today, people complain about having to pay anything over spot, what going to happen when this stuff really takes off? You can’t get mad at us, we’re just doing our job and fulfilling orders – you decide when you want to buy.

The 10% premium stays the same, but “price” you pay over spot is much higher… So when did you want to buy silver?

Let’s not even talk about the preimums on gold at 10%… you do the math.

I feel sometimes people think I write all of this to get you to buy. While it is true that I would love the opportunity to earn your business, it’s not just The Silver News Surfer saying this… Some of the worlds smartest, brightest and wealthiest economists are saying the same thing –

Protect yourself now before it’s too late!

JIM ROGERS: FINANCIAL CALAMITY IS COMING, THEY’RE GOING TO TAKE OUR BANK & RETIREMENT ACCOUNTS! Famed investor Jim Rogers says, “This is the first time in recorded history all the banks are printing money at the same time. This is the first time we’ve had massive debasement, and it’s going to end very badly no matter what they say.” Rogers, who has written books on global investing, says,  “Banks are not going to be lending. Financial markets are going to go down.

Currency markets are going to be in great turmoil. It’s not going to be any fun.” And if the money printing continues, Rogers says, “You’ve got bubble in some sectors, you have inflation, and then you have interest rates going up. Currency markets are in turmoil, and it’s a mess because printing money is artificial. It’s never worked.” As the economy slows down, Rogers predicts, “They’re going to take money wherever they can. . . .

They’re going to take our bank accounts and retirement accounts.” Rogers concludes by saying, “We’ve had perilous times, and it’s going to get worse. . . It’s coming, be worried, be careful.” (courtesy of SD)

See Interview Here

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…

VIP2C: One of the Most Important Gold Charts That You Should Remember – Few people realize that around 2008 central banks turned from being net sellers of gold to net buyers, and began to accumulate gold reserves in a big way for the first time since the 1970’s, when Nixon slammed shut the gold window. This is based on what they report officially to the IMF.

There is strong anecdotal evidence that the actual turn in buying occurred quite a few years earlier, and more in line with the rapid appreciation in price as selling declined.  First the selling slowed and the stealth buying began, particularly in Asia and the Mideast.

Gold commentators who do not realize this significant dimension of what has occurred and account for it in their thinking have been simply left behind, lost in an outdated frame of reference. They do not see the forest for the trees.

This is about much more than gold and silver. This is about a major, an historic change, in the composition of the world’s global currencies and trading system. The dollar regime that has been in place since the end of World War II is undergoing a major evolution.

If there is anything that shocks me, it is how few economists understand it, or even realize it. I suppose that is how it is when the big things occur. Most of the operational people are left staring at the old paradigms, and wondering why their models are malfunctioning.

Rather than accept the change and understand it, they get busy trying to prove that it is not happening, since they have such a vested interest in the past. And so we see the occasional hysterical outburst from the status quo, that what is indeed happening does not make sense, and is irrational.

Read More Here

Gold Poised To Super-Surge 150% & Silver A Staggering 300% – There are event driven risks, which could propel gold such as the turmoil in financial markets, and developments in the Middle-East.  They can create, as we’ve seen today, spikes within the trend, but the medium-to-long-term trend is still quite steady to the upside.”

We believe we are back into that track where gold is the hard currency of choice, and we expect for this trend to accelerate going forward.  We still believe that in the next couple of years we will be looking at a gold price of around $3,500.  As the gold/silver ratio plummets near 30, this would also suggest a silver price above $100.”

Read More Here

Don’t bet against the gold buying tide – You do NOT want to bet against a tide like this — not in a commodity [gold] with a very fixed existing supply and a very consistent, but small, annual supply increase of around 2,500 tons… Five of the ten most populous nations on earth are hungry buyers of gold, and each of them has a burgeoning middle class that has, over the years, embedded in its cultural psyche the idea that owning gold is just what you do when you can afford to.”  He illustrates this with the following graphic showing the world’s ten most populous nations and pointing out those, which are predominantly gold buyers:

Read Full Story Here

 buyers

 

This Major Catalyst To Launch Historic Moves In Gold & Silver – Silver has been the star of the show because lately silver has been gold on steroids.  Not only does silver get the monetary boost, but it’s also getting the industrial metal boost.

Virtually every country around the world has realized they are going to need a lot of solar and other renewable energies to run their economies in the coming century.  Once you start talking about solar, you are looking at massive demand for physical silver.

Silver is already highly sought after because of its extraordinary properties.  When you compound that with the increased demand from future photovoltaics, triple-digit silver is in the bag.  Investors will look back and say, ‘Can you believe silver was under $20 an ounce in 2013?’

But as gold heads toward the major inflection point that will launch its historic move to $10,000, silver will begin to move headed hundreds of dollars higher.  The bottom line is that both gold and silver are going to have moves that will be written about in the history books for a long, long time.

Read More Here

Geopolitical Risk Good For Gold, Silver, Notes Commerzbank – It’s been good news for gold bugs as the commodity was recently back over the $1,400 mark for the first time since early this summer—and hedge funds are doubling down that the price will continue to rise. Silver too is showing strength, a four-and-a-half month high.

Given that some investors like to treat gold as a security blanket during turbulent times, it’s likely not surprising then that Commerzbank’s head of commodity research, Eugen Weinberg, and his team see the recent spikes coming in part on the back of growing geopolitical risk: He also noted, as did this blog, that the latest minutes from the Federal Reserve and annual central bank conference at Jackson Hole last week ultimately did little to deter the steady upward climb, given precious little new news from either event.

Read More Here

Also Read…

Gold rises amid Syria fears, September jitters

And

Look out! September market headwinds are looming

Silver News Surfer

The Daily Report

There Are Endless Positives For Silver, Here’s Just A Few…

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…

With Options expirig today, we should expect some volatility, but the word volatility is not always a bad word, sometimes it can be to the upside.

Other than market actions, such as the above, there is so much going on around the globe in the way of geo-political tensions that can have an additional effect on the metals to the upside.

Over in Syria, things are really starting to heat up. In fact, it’s been reported that the US Navy stands ready to launch first strike on Syria

You can also read:

15 Signs That Obama Has Already Made The Decision To Go To War With Syria – 

I mention this because next week, as we head into September, which as I’ve showed you before is the strongest seasonal month for silver (some 30 years of history) If we were to get any event outside the scope of the seasonal factors, silver’s rise could be explosive and you will want to be involved.

In fact, there are other factors coming into the mix that could prove a large spike in the metals, even if we don’t go to war.

As we saw last week,

New Home Sales Crater To Lowest Since October; Biggest Drop Since May 2010; Median Home Price At 6-Month Low

And Yesterday,

US durable goods plunge in July, cast shadow over Q3

Also,

Here is what economists say is US biggest worry.

So, where is the recovery that everybody was talking about over the summer? I hope you guys are paying attention to all this. I hope you are inteligent enough to realize that you are being fed lies, deciept and mis-information to keep you away from the one good thing that going to save your arss’s.

 

This was an email sent to me from a customer out of state, it’s not photo-shop, I’ve seen the sign myself –

mime-attachment-1

 

Some may take offense, but there is truth in numbers.

 

With all of this information day after day, its easy to get overwhelmed, I know. But there are two ways you can look at silver and gold from today going forward (of from June 28th going forward) You can get in and make some quick money, or you must realize that silver and gold are long term wealth preservation tools – I choose to look at the later, but either way YOU look at it, it would favor the investor to have some exposure to the metal at this price, or any other –

Focus on value my friends, not on price!

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…

What’s in the cards for silver? – We could go all day about the US dollar, economy and bonds but that’s for another time. In the long-term it is worth reminding ourselves that over 80 years ago $100 would buy you 400 ounces of silver, today it would only get you 4 ounces. With each decade that passes you get less silver for your bucks, but more bucks for your silver.

With the year that both gold and silver have had, no one knows how they might finish it. But we feel assured that the two drivers of price – supply and demand – look set to play their part well.

Read More Here

While Gold Demand Slips, Soaring Silver Demand Indicates Higher Prices – Rising record demand, heavy (manipulated) price declines and rising production costs are causing a shortage in supply of silver bullion. This will lead to a further price surge eventually.

Silver prices have rebounded about 28% since the lows of late June, and are currently trading at around $23 an ounce. Silver price rises have actually outpaced gold in the past few weeks. Since August 6, the most active September silver futures contract rose about 18%. In contrast, the December gold contract climbed by roughly 6%. Many speculative hedge funds had gone short on silver, expecting more downside to the sharp sell-off that occurred in the precious metals space.

The hedge fund community had the lowest amount of net-long positions in silver in about 10 years. Some of those bets have now been covered, with the funds buying back silver futures contracts. But there may be more short covering to go. As silver moves higher, shorts will rush to cover, and give prices an even bigger boost.

All the above and many more uses of silver make it more apt as an investment, as compared to gold, which is simply an investment instrument — a store of value like silver, but nothing more. There are endless positives for Silver Prices…

Read More Here

Also Read:

Silver will be the New Gold amid the New Financial Market Collapse.

Why I’m Buying Silver Again, One (smart) Mans Point Of View – I maintain that long-term precious metals stand to gain significantly from balance sheet expansion at central banks and currency debasement despite criticisms that this will not happen. While gold is an excellent play off of the stimulus coming from governments worldwide, I believe silver and silver companies may outperform gold in the next few years.

Regardless of the precious side of silver it has massive industrial demand, particularly in the technology sector. Smart phones alone generate billions of dollars in silver demand, much of it coming from the most common household tech names.

This article presents some extremely bullish supply and demand evidence to argue in favor of silver and I believe each approach outlined can be profitable on the rebound that has begun. Physical holdings are my preferred way to go. At current levels of $24.05, with the fundamentals and technicals looking very positive, I believe silver and silver companies are significant opportunity buys, especially for the long-term investor.

Read More Here

Gold’s Explosive Move Continues–Trader Expects “$1500 Within Next 2 Weeks” – As a word on gold and commodities from the institutional fund management community, Don Coxe, Chairman of Coxe Advisors LLP, noted on Friday that, “The trend has shifted…the CRB bottomed out in June and is up sharply since then…gold [also] bottomed out at that time…

[So] commodities are demonstrating that there is new strength,” he added, along with a recent, “tremendous change in China’s imports.”  Due to this resurgence of pricing and consumption, Don concluded that investors should be, “increasing [their] exposure to the good commodity stocks.”

Read More Here

Also, From Jim Sinclair, Read…

Price Manipulations In Gold Now Favor The Bullish Side – 

Gold within striking distance of bull territory – Gold pushed above the key $1,400 psychological level on Monday to its highest in almost three months, putting the precious metal within striking distance of bull-market territory.

A combination of weak U.S. economic data on Friday and concerns about geopolitical tensions in the Middle East helped boost gold prices to as high as $1,406 in Asia on Monday, before pulling back slightly to around $1,400. That put gold’s gains from the lows hit in late June at about 19 percent, just shy of the 20 percent move that would push bullion into bull-market territory.

Read More Here

Silver News Surfer

The Daily Report

The Roadmap To Much Higher Prices…

On a personal note…

During the massive drop in gold & silver in April, May and again in June, I had received a lot of calls from people wanting advice… Should I sell out and sit on the side, or hold on.

That’s an easy answer. Sell some, but don’t sell all!

If you bought at $800-$1,000 don’t sell any, If you bought at $1,200-$1,400 sell and re-buy cheaper.

The trick of it all is when you sell, you want to buy back under where you bought originally so you don’t end up – upside down.

The problem with that is people get too emotional.

Because they sold, they want it to go to zero, so they can buy it back and make a lot of money on the way back up.

They allow their emotions to get in the way. Big mistake. Emotions and investments don’t mix.

Gold is up $200 in the past 2 months and silver is up $6.00 and the people who sold out are not getting back in.

They know they made the wrong decision by selling out of fear, and its the same fear that’s keeping them out of the market and missing out on great profits.

If that’s you, and you need someone to talk to – I’m here.

 

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…

Mid last week, I posted a story on what I believe is something we all should read again because it gets to the truth of the matter about our emotions in the metals market. It is as follows…

“Big money is now trying to get in on the long side and I think this move up out of this bear market bottom probably isn’t going to behave like a normal rally… it’s going to have a violent regression to the mean…my theory was that we were going to see a pretty strong V-shaped rally out of this bottom…that appears to be what’s going on… we could see gold retesting those September 2011 highs in the next three or four months depending on how hard the dollar falls.”

Important Part: When you have a bear market like we did, people are very nervous and as we come up off that bottom, they’re afraid to [buy]…and so they wait until we start going up again, exactly like what has happened this time—we go up very aggressively, get overbought very quickly—and then they ‘can’t’ buy because it’s overbought…[then] as soon as the dip comes, it looks like the bear market is [returning]. So they ‘can’t’ buy again, and they continually miss this move. –

Read The Whole Story Here

I repost this because of several conversations I had last week and as much as you folks love reading the Briefs from The Silver News Surfer, sometimes I post too much and you miss an important post.

I believe the above is happening to a lot of you. Your gut says buy, but something in your brain is telling you to “wait and see.”

I also posted something that said Most investors base their decisions on price.  Successful investors base their decisions on value. 

I say this because there is a tremendous value here with gold and silver regardless of the price. The value is because it is posted almost everywhere I look that there is a shortage of the metal. If there is a shortage of something and a strong demand, it offers value and certainly a higher price going forward – The question is this… Will it be available when you want it?

Look over in India where  “Gold Is Now Trading At $1800oz.—Small Factories And Workshops Are Shutting Down”

Also, Grant Williams says… West Is Now Running Out Of Physical Gold

If that were not enough evidence to guide you in the right direction, we have top economists and muti-decade market veterans still calling for a “shock event” in the global financial system.

Michael Pento: We Will Now See Massive Panic Across World Markets

Robert Fitzwison: What Now Lies Ahead Is A Terrifying Panic & Collapse

Billionaire Eric Sprott Says World To Witness A Frightening Collapse

You know I could go on and on. I say this so to help you to protect yourself for what lies ahead. I believe that these people are accurate about the events they predict, they see it coming. The only thing they can’t do is to predict the exact date and time, but all the warnings are there. Do you still want to “wait and see what happens” and react, or prepare now so you can be one of the smart investors who watch what happens?

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…

Matterhorn Switzerland: The Roadmap To Much Higher Gold & Silver Prices – Gold and silver will continue to be the mirror image of falling currencies by very quickly reaching new highs.  In the next 12-15 months, gold could reach $2,500 and silver $70.  But that is still only the beginning. For a very long time we have seen manipulation by governments in the precious metals markets.

The manipulation we saw earlier this year was absolutely extraordinary. The smashing of gold and silver in the paper market has, in my view, come to an end.  The physical market will now take over as the only true market.  Paper longs will take delivery and paper shorts will panic.  This will not happen overnight, but gradually, over time.

There will be periods with very high volatility, with gold going up hundreds of dollars in one day and silver tens of dollars a day. So we now have a perfect synthesis of fundamental, physical and technical factors for gold and silver, which will be the beginning of a long and spectacular rise.  But investors must remember that they should only own physical metals, which must be stored in vaults outside the banking system.

Read More Here

Eric Sprott: This Will Shock Investors & Send Gold Skyrocketing – it’s not too hard to imagine there could be a situation where there is a great run on gold.  I’ve said many times that I think there is a shortage of gold, and there has been a shortage of gold for a long time.  This got particularly acute late last year and early this year, which I think is what caused the raid.  Of course it (the raid on gold) totally backfired as demand just skyrocketed.

We see all of these weird things like this gold leaving London to go to Switzerland.  I mean that’s a serious amount of gold — almost 800 tons in six months.  800 tons is about 1/3 of (annual) mine supply, in half a year.  If it kept going at that pace it would total 2/3 of (annual) mine supply for a whole year.

So there are all of these things going on in the gold market that tell you there is a shortage.  Our own analysis of the supply/demand (also) tells us there is a shortage.  The GOFO rate being negative, backwardation in gold, COMEX inventories going down, shipments from London to Asia, the activity on the Shanghai Gold Exchange, they are all saying the same thing (that there is a shortage of available physical gold).

Read More Here

The Center of the Gold Trading World Is Now In Shanghai – Shanghai is emerging as the new center of the gold trading world, as the price shenanigans of London and New York discredit their exchanges, and accelerate the flow of gold from west to east.

The volumes on the LBMA and the COMEX are larger but misleading, because for the most part they represent the passing around of paper claims, at a leverage of 50 to 1 or more, against a diminishing pile of actual gold bullion.   They are now running on custom and momentum, but losing substance and confidence with every passing day. This is the direct result of not allowing the market to set the price, and the moral hazard of not restraining overly cynical, if not overtly fraudulent, representations of value and risk.

The market operation that took down the price of gold which we saw earlier this year on the COMEX was so blatant, so heavy handed, so patently obvious that it jarred the world markets, and had the opposite effect to which one might presume it was intended.  It was a bureaucratic over-reaction, panic more precisely, to the Bundesbank’s request for the return of their national gold.

Read More Here 

Also Read Inverse Head and Shoulders Bottom Continues to Form

Peter Schiff: ‘Spectacular’ Gold Rally Is Coming – While lots of speculators have come and gone from this volatile market over the past two years, Schiff says real demand for physical gold has been increasing the entire time, and that’s going to be his salvation for a core holding that’s lost a third of its value. “So the problem is, the physical gold is disappearing and ultimately the short sellers have to be able to deliver the commodity they are shorting and they are not going to be able to do that,” he predicts.

If he’s right, this will be where the ‘scarcity’ part comes in to play, and gold’s recent rebound will seem like nothing. “I think (the speculators and shorts) won’t be able to buy it back,” he says. “I don’t think that gold is for sale, at any price, because I think it is in strong hands and I think there’s going to be a spectacular rise when these forces try to work themselves out”

Read More Here

Silver News Surfer

The Daily Report

Here We Go Again! Systemic Risks Sweep The Globe!

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 many times I talk about silver and gold being the ultimate hedge against inflation, money printing and geo-political tensions – I also talk about the importance of physical silver and gold as a hedge against counter-party risks and more importantly – SYSTEMIC RISKS.

We’ve all heard the expression – There is safety in numbers – Another way to say it is there is safety in the numbers… of physical ounces held outside the financial system!

Yesterday, the shutdown of NASDAQ was a clear example of systemic risks: Was is a glitch,were we hacked, or was it a test of the emergency broadcast system for what is coming our way when the equities crash?

They Actually Expect Us To Have Faith In These Financial Markets After This Week? – What in the world is happening to our financial markets?  Trading on the NASDAQ was halted on Thursday for more than 3 hours, and the only formal explanation that we got was that it was a “technical issue”.  On Tuesday, Goldman Sachs made thousands of “erroneous trades” that are now being canceled.  If those trades had not been canceled, it could have cost Goldman “hundreds of millions of dollars” according to the Wall Street Journal.

How nice for them that they get a “do over”.  When Knight Capital made a similar “trading error”, they were not so fortunate.  Our financial system has become completely and totally dependent on computers, and that means that it is extremely vulnerable.  After what we have witnessed this week, how can they actually expect us to have faith in these financial markets?  And what happens if these “technical issues” get even worse?

The stoppage on the NASDAQ on Thursday was unprecedented.  Trading in literally thousands of stocks and options was halted.  Big names like Apple, Netflix, Intel and Facebook were affected. As of right now, officials are not telling us what caused the “technical issue”, but there are rumblings that hacking was involved.

Read More Here

That’s not the only risks we face today… Its like we are living in the twilight zone. Moody’s is Considering Downgrading Top US Banks Yet Again. It’s been 5 years and we still haven’t got it right!

There is a lack of faith and trust in the US currencies across the globe –  Because China & Japan are Dumping Treasuries at Alarming Rate.

There are reports from Gallup that show US Jobless Picture Is Worse Than We Think. How much worse and why? They are telling us that everything in the economy is improving right?

This is confirmed by the fact that The U.S. median household income, once adjusted for inflation, has fallen 4.4 percent. (Understand, this report is based on the FED inflation rate, not the “real” inflation rate.)

So if we are creating all these jobs and the economy is getting better, why is the household income shrinking?

The answer is that 75% of the jobs being created are only part-time jobs and thus, families are making far less then they are accustomed to making, so much so that Retailers are more concerned this season than any other.

As you walk around the mall or the major retail stores like Walmart, Macy’s and such, it appears they skipped right over Halloween and Thanksgiving and went right into Christmas… In August!

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…

Yesterday, I posted my research findings that said Silver To Rally Due To Coming Dow Crash and now today, Ron Rosen, a 58 YEAR market veteran says this…

Stock Market Collapse To Accelerate As Gold & Silver Skyrocket – On the heels of recent strength in gold and silver, today a 58-year market veteran warned King World News that the collapse in global stock markets has only just begun.  Ron Rosen, who has been at this business for almost six decades, believes stocks are now poised for a breathtaking collapse.  He also told KWN that gold and silver will skyrocket as the markets begin this historic collapse.

Silver hasn’t even taken out its high of $50 from 1980.  Silver needs to rise nearly $30 from current levels just to take out that 1980 high.  But silver will outperform gold in every conceivable way in the future.  I expect for silver to hit roughly $150 in the next 18 months, and that’s not even half way to where I expect the ultimate price of silver will rise.

Read More Here

9 Reasons Gold Will Continue Will Accelerate Higher – This brief “analysis” demands your full consideration. Now, please consider the possibility that you, my dear reader, will look back upon this six months from now and think: “How could I be so stupid? All of the signs were there! Why wasn’t I buying up all the physical gold I could get my hands on?” Prepare accordingly.

Read More Here

Gold’s rebound seems believable this time – The strength of bullion amid growing expectations for the U.S. central bank to scale back its bond buying program in September is a sign that a solid base may have formed in the yellow metal, say strategists. We’ll see gold prices continue to rise quite strongly over the next couple of months,” said Andrew Su, CEO of Compass Global Markets.

Sarin recommends buying gold on pullbacks, noting that September is seasonally the most bullish period for gold. Looking at the yellow metal’s performance since the 1960s, median returns for gold are approximately 2 percent during the month, far outpacing any other month of the year, he said.

The precious metal is up six percent since hitting a 4-year low. John Bridges, JPMorgan, joins to discuss why gold is a wealth protection device and a good thing to own if you are uncertain about the direction of the markets.

Read More Here

Silver News Surfer

The Daily Report

Silver To Rally Due To Coming DOW Crash…

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…

It seems to be more clear with each passing day. The DOW is going to come down fast and hard – I personally believe that “this time may be different” (I know you’ve heard that line before) let me explain.

Everybody and their brother knows the equities cannot continue to make all time highs (especially in the dead of summer) Most well respected economists are warning of a crash. When it happens, unlike before, there will be a mass Exodus from equities because I think this time, people are expecting it – They are being warned in advance.

In days gone by, when the equities corrected, people would “hang in there” waiting for a rebound, thus, they would be selling everything (silver, gold and commodities in general) to cover margin calls in equities – But that’s where, in my opinion, things will be different. I believe that people will just exit their positions in expectation of a huge drop, then, they will be searching for undervalued assets to jump into and that is where silver and gold will really take off.

Read Silver To Rally Due To Coming Dow Crash. 

(also posted below)

On the golden side of the coin, as you are aware, there are many stories about why gold is rallying – Supply and demand, hedge against inflation, geo-political tensions, short covering, seasonal impact, etc, etc, but here is The biggest gold story no one is talking about

After the Fed minutes were released yesterday, silver and gold shot up in a volatile trade, only to settle lower by days end – Only to spike again in overnight Asian trading.

In fact, at a quick glance of these four charts… Spot The Odd One Out Since The FOMC Statement

To give you the meat of the Fed minutes from yesterday, they are as follows:

To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee decided to continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month.

The Committee will closely monitor incoming information on economic and financial developments in coming months.

To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends and the economic recovery strengthens. In particular, the Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that this exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent.

When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent.

Got it? Understand? Or is your head spinning too? If so…

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’s Why There Is A War In Gold Near The Key $1,370 Level – In looking through all the macro data, everything is pointing to a stalling economy while at the same time foreigners are clearly losing their appetite for our debt.  This is not a good cocktail, which points to one thing:  The Fed will have no choice but to continue asset purchases for an indefinite period, or risk having to come back in to rescue the economy after a failed ‘trial taper’ period.  Will it be too late then?  Does the Fed really want to find out?

When looking at the 2005 and 2008 Gold rebound from lows, each resulted in a 70-72% rally,but that was just a mid-point in the overall trend before the next major correction.  The longer term trend shows the 2005 rally ended in 2008 with a total move of +250%.  When looking at the full breadth of gold’s rally from the 2008 low to the 2011 peak at $1900, we see a similar +260% move.  The extended chart below shows what we may see going forward and, if past is prologue, sometime in 2016 gold could reach roughly $3500/oz.

Taking a look at the Gold relative to Net Commercial position chart, we find that the 22% bounce (same for 2005, 2008 bottoms) we highlighted late in July has resulted in a full snap-back into the (bullish) trend line.  As such, we should not be more than a week or so away from some sustained moves higher for both gold and silver.

Read More Here

Silver: The $100 History – Eighty years ago $100 purchased 400 ounces of silver while today that $100 purchases about 4 ounces. Someday soon $100 will purchase only one ounce of silver.

Step into the “Way-back Machine” and journey back in time to:

1932: Silver was selling for about $0.25 per ounce. Our $100 bill would buy about 400 ounces.

1962: Silver was selling for about $1.20 per ounce. Our $100 bill would buy about 83 ounces.

1982: Silver was selling at about $10.60 per ounce. Our $100 bill would buy about 9 ounces.

2012: Silver was selling for about $31.00 per ounce. Our $100 bill would buy about 3 ounces.

Today: Silver prices have been volatile. Our $100 bill will buy perhaps 4 ounces of silver.

Depending on how rapidly the money supply is increased and how quickly confidence in paper money evaporates we may see the day when it takes ten, or more, $100 bills to purchase a single ounce of silver. Hyperinflation has happened in many countries in the past 100 years and many good analysts believe that it COULD occur again in Europe and the United States.

If hyperinflation occurs, your silver and gold will be worth much more in nominal dollars and will protect your purchasing power. Unfortunately, life in a hyper-inflationary economy is likely to be exceedingly difficult for most people. Prepare by purchasing physical silver and gold and storing it outside the banking system.

Read More Here

Do you still think the US Dollar has muscle?

Also read Get Ready For The Death Of The Petrodollar China’s subtle dumping of the dollar — using bilateral trade agreements with other developing nations and, more recently, major economic powers like Germany and Japan

Silver To Rally Due To Coming Dow Crash – I believe the Dow to be the main obstacle to Gold and Silver’s major rallies. So, just as I expect the Dow to drop violently, I expect a violent rise in gold and silver at roughly the same time. This is because it is likely the same panic that causes the Dow fall that will make value to run towards gold and silver. Note that we are still in the period of risk aversion, as explained in my previous update, which creates the ideal conditions for the Dow to fall while gold and silver eventually rises.

Gold rallies during periods of risk aversion are often the most aggressive ones. An example of a gold rally that occurred during a period of significant risk aversion was the one from July 2011 to early September 2011. During that two-month period gold rose from $1480 to $1920 (a good 30%), while the Dow fell about 13% at the same time.

I continue to believe that continuing to exchange gold for more silver at these levels, is a move that one is extremely likely to be well rewarded for. It would make no sense to buy gold over silver, given that one expects that silver will outperform gold by a factor of at least two. That is that I expect the Gold/Silver ratio to fall to be at least lower than 30.The silver chart is also sending many positive signals. Below, is a monthly silver chart…

Read More Here

SILVER EAGLES SALES: Signaling Much Higher Price Gains Ahead – Ever since the big take-down in the price of the precious metals in April of this year, an interesting trend has taken place in the Gold & Silver Eagle market.  While demand for both coins remained strong in the first four months of the year, investors are now overwhelming purchasing more Silver Eagles — banking on much higher gains in silver than gold.

Silver Eagle sales are on track to surpass the total sales for 2012 within the next 2-3 weeks.  I forecast that total sales for Silver Eagles by the end of August will be 33 million oz.  Of course, we could see a bit more.. or less depending how the U.S. Mint updates its records. Even though both precious metals are at very low prices, Hedge Funds and investors are banking on much better future returns in silver than gold.

Read More Here

West Nears Edge Of A Cliff As Central Planners Ensure Collapse – The Indian rupee has plunged very recently and it is now at an all-time low vs the U.S. dollar. These attempts by the Indian government to suppress gold purchases have been a total failure.  Gold is now the most black-market trafficked item into India…. Indians are moving to protect their wealth as the Indian currency continues its plunge, and they are doing this by purchasing physical gold and silver.

I think the West is going to great lengths to try to conceal the fact that everyone in Asia is dumping dollars right now.  We can see this in the recently released sales of U.S. Treasuries by Asian countries.  So they are dumping dollars as quickly as possible without trying to crash the price of the U.S. currency, and at the same time they are desperately buying as much physical gold as they can get their hands on.

The bottom line here is this is rather tragic to witness the West near the edge of a cliff, as central planners recklessly endanger the entire global financial system and ensure that the West will eventually collapse.

Read More Here

Silver News Surfer

The Daily Report

The Mind Boggling Chart Of The Day…

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…

The Mind Boggling Chart Of The Day – Luckily, the average American is so bad at math they can’t read this chart and understand the implications. They remain willfully ignorant of their plight. After a lifetime of working, the median Boomer household has managed to accumulate $12,000 of retirement savings. That means that 50% have even less than $12,000 for their retirement.

See Chart Here

Today at 2pm, the minutes of last months FED meeting is released and as noted yesterday, it always induces volatility.

As a reminder however, regardless of the outcome, we can have confidence that September is right around the corner.

What is surprisingly pleasant, is that the number of people who I talked to yesterday, want silver to come down one last time so they can load up, this past weeks rally has showed them the strength in silver, be it from short covering rallies, speculators going long in paper futures or a confirmed bottom on June 28th. Silver is a powerful mover, both on the upside as well as on the downside.

I know that we’ve all been mad at the manipulation that has happened since April 15th, but in retrospect, it seems more like an opportunity for some and anguish for others.

I think that people are starting to “get it” now. The silver and gold market is not all about one catalyst, its about several catalysts happening at once that is driving the price higher and in my opinion, that should continue for the balance of the second half of this year and into the first half of next year.

We must not forget to keep our eye on the ball regardless of what happens today. There is so much going on fundamentally, technically and geo-politically.

For example, when you get the answers to the questions that are on your mind, are they the answers that satisfy your individual questions or concerns? Many people ask themselves after a rally… What Are The Biggest Factors In The Gold Market? 

We have all seen all the uprising in Egypt over the past weeks and the massive violence within the brotherhood and Al Qaeda, but it is not contained to just there…This report overnight shows just how crazy things are getting in the East Hundreds Dead In Syrian Chemical Attack and Here

Even where there is no Civil turmoil, in Japan for example, Japan’s nuclear agency has upgraded the severity level of a radioactive water leak at the Fukushima plant from one to three on an international scale.

It seems although the entire world is on fire and there is not enough water to extinguish the fires – Its a dangerous place guys, I hope you’re taking cover.

In the words of Gerald Celente (Trends Research Journal) When people have nothing to loose, they loose it! And that is certainly what appears to be happening in todays world.

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 Prices Today Riding Higher on these Four Trends – There are several reasons for this move up in silver prices – reasons that will carry silver prices to $40 an ounce – and then $60 an ounce – by 2014. With a lot of “crash talk” making the rounds – like the Hindenburg Omen – now’s a good time to be taking gains in the white metal. Here are just 4 reasons that today’s silver price is the start of more double-digit weekly gains in 2013…

Read More Here

Sprott: We Are Now On The Verge Of A Historic Meltdown & Collapse – I guess I’m always unnerved as a result of what happened in April, the last time the President of the United States had a meeting with all of the bank heads, and two days later the price of gold was trading smashed for over $200.  Now, the President is meeting with all of the heads of the various agencies, institutions, the Fed, and all of the other key money entities in the United States today.  What’s that all about?

But clearly if the President is having this meeting, there is a crisis unfolding somewhere in the background, and it could very well relate to the dollar, interest rates, and the massive derivatives market associated with interest rates…. Rising interest rates are a killer in an over-levered economy, and that’s exactly what we’ve been seeing in the United States.

So, when watching currencies, the only thing I am interested in is the price of gold and silver, which is real money.  Gold and silver are putting in a better performance, although they are still being restrained.  The fact is that they are building a super-base, and that’s what the central planners should really be afraid of, the U.S. dollar collapsing against gold and silver.

I said it last week and I will say it again, we will now see historic and catastrophic wealth destruction.  It’s going to be something to behold, and investors who want to survive this financial holocaust had better be properly positioned.

Read More Here

Gold Is Flooding Out Of London To Switzerland At An Alarming Rate – It seems a lot of that gold is being sent to Switzerland so that the 400oz bars can be melted down into different sizes that are more amenable to Asian sensibilities. So, as many of us suspected all along, what has happened is lobotomized Westerners have sent much of their gold to Asia just as the financial system prepares to melt down again. The fact that the market has absorbed all of this and yet we still have a backwardated market is extremely bullish.

Read More Here

The Secret Document That Proves China Considers The United States To Be A Mortal Enemy – Sadly, most of the people that will end up reading this article will not take it seriously, China is defeating the United States on a whole host of fronts right now….

China now has the largest new car market in the entire world.

China has more foreign currency reserves than anyone else on the planet.

China is the number one gold producer in the world.

China is also the number one gold importer in the world.

Are you starting to get the picture?

Read More Here

33 Shocking Facts Which Show How Badly The Economy Has Tanked Since O Became President – Compared to when he first took office, a smaller percentage of the working age population is employed, the quality of our jobs has declined substantially and the middle class has been absolutely shredded.

If we are really in the middle of an “economic recovery”, why is the homeownership rate the lowest that it has been in 18 years?  Why has the number of Americans on food stamps increased by nearly 50 percent while Obama has been in the White House?  Why has the national debt gotten more than 6 trillion dollars larger during the Obama era?

Gotta See This List Here

Silver News Surfer

The Daily Report

History Shows That The Long Wait Is Almost Over…

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…

Only 8 trading days left until September. Its been a long, boring summer in the precious metals sector, but that’s all about to change according to this seasonality chart..

6

At the end of the day, all you have to do is ask your self two questions…

1) Will I continue to put my money and my trust in Wall Street and Gov’t Data or will I start a new savings plan and trust the only sound money that has always been honest since the times of the Greeks, Romans and heck, we can go back as far as the time when a man called Jesus walked the earth?

2) Is all of the information that has been provided to me from The Silver News Surfer and the other informational resources found on the Internet sufficient enough for me to trust in silver and gold?

That’s it – Only two questions and the best part is – The choice is yours… Be sure you make the right one for you and your family.

We know our trust has been violated from the people at the top who control the world, yet we continue to trust in them.. Why is that? I think it’s fear. Not fear of them, fear of change.

One example of violated trust is that it was discovered that Goldman Was Buying Gold While They Were Saying ‘Sell I know that might seem like a stretch, but yes, Goldman is crooked too. Wall Street is like going to a Casino, the house always wins, the difference is – At least the Casino can be fun!

If you look at gold and silver for what it is and use it for what its intended for… you win! It’s a savings account. Let me ask you a question.. When was the last time you looked at your savings or checking statement and saw the interest you’ve earned in a month? This is why it’s getting harder and harder to save for retirement. They pay nothing!

View the strategy and purpose here.

The time for you making your decisions is closing in if you want to capture some gains that this seasonal month has to offer for the past 38 years.

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’s Very Bullish 3-Decade Chart Pattern – I have been describing silver’s long-term chart pattern as a rounding bottom, which shows distribution from the 1980 peak to the early 1990s, followed thereafter by a decade trading range and then a decade of massive accumulation. In other words, over this period silver moved from overvaluation and selling by weak hands, to undervaluation and buying by strong hands.

Regardless of the name we call the above chart, the bottom line is that it is presenting a very bullish picture for silver. After a decade or so of distribution, a decade in a trading range and another decade of accumulation, silver is in strong hands; particularly after the onslaught it endured the past two years.

In summary, the outlook for silver is spectacular, and my recommendation for both precious metals remains unchanged. Accumulate gold – and if you are inclined to accept the greater volatility, then accumulate silver too – on a cost-averaging program with monthly (or quarterly if it fits your budget better) purchases. By doing so you are saving sound money. Buy physical gold and physical silver only.

Read More Here

Silver and Gold Price Forecast: Gold and Silver Update – I believe the Dow to be the main obstacle to Gold and Silver’s major rallies. So, just as I expect the Dow to drop violently, I expect a violent rise in gold and silver at roughly the same time. This is because it is likely the same panic that causes the Dow fall that will make value to run towards gold and silver.

Silver’s recent performance could be the best evidence that the current gold and silver rally could be “the real thing”. This is because silver has significantly outperformed gold since the beginning of August. We can see it from the gold/silver ratio.

Read More Here

Gold Now Beginning Its Long-Awaited Ascent – Over the last 5-7 trading days gains have ranged from 5%-40%, and I suspect that after this breakout, the greatest gains lay in the weeks and months ahead. One of the biggest risks we face now however—is running out of time. We’ve had this exciting bear market bottom all spring and summer, but alas, all good things come to an end, and it’s time to say goodbye.

Read More Here and Here

Gartman still likes gold, but stumped on stocks – The unrest in Egypt will continue to push gold higher, closely followed investor Dennis Gartman told CNBC on Monday. But he’s stumped on stocks.

Gold is “nothing more than another currency. And in a world where there is some confusion à la Egypt, money is moving to safer havens. Gartman, a long-time gold bear, turned bullish and bought the precious metal just before prices sunk to $1,179 an ounce on June 28. Gold has increased more than 14 percent since then.

Read More Here

Is the golden dragon set to breathe fire on the US dollar? (Fast Forward To 9:10) In the third edition of Venture Capital, Katie Pilbeam explores the reasons why the world’s largest producer of gold, China, is buying up the shiny commodity in record quantities. This sudden gold rush is igniting speculation that the country is getting set to create a new gold standard for its currency.

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Gold Trader: “Big Money Is Now Trying To Get In On A Violent Regression To The Mean” – “Big money is now trying to get in on the long side and I think this move up out of this bear market bottom probably isn’t going to behave like a normal rally…it’s going to have a violent regression to the mean…my theory was that we were going to see a pretty strong V-shaped rally out of this bottom…that appears to be what’s going on…we could see gold retesting those September 2011 highs in the next three or four months depending on how hard the dollar falls.”

When you have a bear market like we did, people are very nervous and as we come up off that bottom, they’re afraid to [buy]…and so they wait until we start going up again, exactly like what has happened this time—we go up very aggressively, get overbought very quickly—and then they ‘can’t’ buy because it’s overbought…[then] as soon as the dip comes, it looks like the bear market is [returning]. So they ‘can’t’ buy again, and they continually miss this move.

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18 Signs That Global Financial Markets Are Entering A Horrifying Death Spiral – You can see it coming, can’t you?  The yield on 10 year U.S. Treasuries is skyrocketing, the S&P 500 has been down for 9 of the last 11 trading days and troubling economic news is pouring in from all over the planet.

The much anticipated “financial correction” is rapidly approaching, and investors are starting to race for the exits.  We have not seen so many financial trouble signs all come together at one time like this since just prior to the last major financial crisis.  It is almost as if a “perfect storm” is brewing, and a lot of the “smart money” has already gotten out of stocks and bonds.  Could it be possible that we are heading toward another nightmarish financial crisis?

Could we see a repeat of 2008 or potentially even something worse?  Of course a lot of people believe that we will never see another major financial crisis like we experienced in 2008 ever again.  A lot of people think that this type of “doom and gloom” talk is foolish.  It is those kinds of people that did not see the last financial crash coming and that are choosing not to prepare for the next one even though the warning signs are exceedingly clear.

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